NexPoint Real Estate Finance Inc
For the period ended Dec 31, 2023. Filed Mar 22, 2024.
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FY2023 · Filed Mar 22, 2024
NREF$13.52+0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1A.
(in thousands, except share and per share amounts)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $13,824 | $20,048 |
| Restricted cash | 2,825 | 299 |
| Real estate investments, net | 126,551 | 245,222 |
| Loans, held-for-investment, net ($22,989 and $46,022 with related parties, respectively) | 328,460 | 256,147 |
| Common stock investments, at fair value ($33,129 and $50,380 with related parties, respectively) | 61,529 | 78,264 |
| Mortgage loans, held-for-investment, net | 676,420 | 726,531 |
| Preferred stock investments, at fair value | 14,776 | — |
| Accrued interest and dividends | 22,033 | 15,665 |
| Mortgage loans held in variable interest entities, at fair value | 5,677,763 | 6,720,246 |
| CMBS structured pass-through certificates, at fair value | 41,212 | 46,876 |
| MSCR notes, at fair value | 10,378 | 10,313 |
| Mortgage backed securities, at fair value | 38,270 | 32,328 |
| Accounts receivable and other assets | 4,312 | 2,197 |
| TOTAL ASSETS | $7,018,353 | $8,154,136 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Liabilities: | ||
| Secured financing agreements, net | $649,558 | $687,885 |
| Master repurchase agreements | 303,514 | 331,020 |
| Unsecured notes, net | 219,483 | 204,960 |
| Mortgages payable, net | 95,657 | 121,236 |
| Accounts payable and other accrued liabilities | 6,428 | 6,231 |
| Accrued interest payable | 8,209 | 7,986 |
| Bonds payable held in variable interest entities, at fair value | 5,289,997 | 6,249,804 |
| Total Liabilities | 6,572,846 | 7,609,122 |
| Redeemable Series B Preferred stock, $0.01 par value: 16,000,000 and 0 shares authorized; 427,218 and 0 shares issued and 427,218 and 0 shares outstanding, respectively | 8,599 | — |
| Redeemable noncontrolling interests in the OP | 89,471 | 96,501 |
| Stockholders' Equity: | ||
| Noncontrolling interest in subsidiary | 95 | 64,529 |
| Series A Preferred stock, $0.01 par value: 100,000,000 shares authorized; 2,000,000 and 2,000,000 shares issued and 1,645,000 and 1,645,000 shares outstanding, respectively | 16 | 16 |
| Common stock, $0.01 par value: 500,000,000 shares authorized; 17,518,900 and 17,366,930 shares issued and 17,231,913 and 17,079,943 shares outstanding, respectively | 172 | 171 |
| Additional paid-in capital | 395,737 | 392,124 |
| Retained earnings (accumulated deficit) | (35,821) | 4,435 |
| Series A Preferred stock held in treasury at cost; 355,000 shares and 355,000, respectively | (8,567) | (8,567) |
| Common stock held in treasury at cost; 286,987 shares and 286,987 shares, respectively | (4,195) | (4,195) |
| Total Stockholders' Equity | 347,437 | 448,513 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $7,018,353 | $8,154,136 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.