NexPoint Real Estate Finance, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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FY2024 · Filed Mar 27, 2025
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, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $3,877 | $13,824 |
| Restricted cash | 3,176 | 2,825 |
| Real estate investments, net | 121,836 | 126,551 |
| Loans, held-for-investment, net ($28,036 and $22,989 with related parties, respectively) (1) | 497,544 | 328,460 |
| Common stock investments, at fair value ($30,467 and $33,129 with related parties, respectively) | 57,389 | 61,529 |
| Equity method investments ($1,504 and $0 with related parties, respectively) | 1,504 | — |
| Mortgage loans, held-for-investment, net (2) | 263,395 | 676,420 |
| Preferred stock investments, at fair value | 18,949 | 14,776 |
| Accrued interest and dividends | 41,208 | 22,033 |
| Mortgage loans held in variable interest entities, at fair value | 4,343,359 | 5,677,763 |
| CMBS structured pass-through certificates, at fair value | 34,979 | 41,212 |
| MSCR Notes, at fair value | — | 10,378 |
| Mortgage backed securities, at fair value | — | 38,270 |
| Stock warrant investments | 27,400 | — |
| Accounts receivable and other assets | 1,457 | 4,312 |
| TOTAL ASSETS | $5,416,073 | $7,018,353 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Liabilities: | ||
| Secured financing agreements, net ($9,869 and $0 with related parties, respectively) | $235,769 | $649,558 |
| Master repurchase agreements | 243,454 | 303,514 |
| Unsecured notes, net ($6,500 and $6,500 with related parties, respectively) | 221,001 | 219,483 |
| Mortgages payable, net | 95,464 | 95,657 |
| Accounts payable and other accrued liabilities | 9,458 | 6,428 |
| Accrued interest payable | 10,020 | 8,209 |
| Bonds payable held in variable interest entities, at fair value | 4,029,214 | 5,289,997 |
| Total Liabilities | 4,844,380 | 6,572,846 |
| Redeemable Series B Preferred stock, $0.01 par value: 16,000,000 shares authorized; 6,695,715 and 427,218 shares issued and outstanding, respectively | 149,045 | 8,599 |
| Redeemable noncontrolling interests in the OP | 86,164 | 89,471 |
| Stockholders' Equity: | ||
| Noncontrolling interest in CMBS variable interest entities | 3,255 | — |
| Noncontrolling interest in subsidiary | 95 | 95 |
| Series A Preferred stock, $0.01 par value: 100,000,000 shares authorized; 1,645,000 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; 17,461,129 and 17,518,900 shares issued and 17,461,129 and 17,231,913 shares outstanding, respectively | 174 | 172 |
| Additional paid-in capital | 387,892 | 395,737 |
| Retained earnings (accumulated deficit) | (54,948) | (35,821) |
| Series A Preferred stock held in treasury at cost; 0 shares and 355,000, respectively | — | (8,567) |
| Common stock held in treasury at cost; 0 shares and 286,987 shares, respectively | — | (4,195) |
| Total Stockholders' Equity | 336,484 | 347,437 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $5,416,073 | $7,018,353 |
(1) Includes credit allowance of $0.8 million and $1.8 million in 2024 and 2023, respectively
(2) Includes credit allowance of $0.6 million and $0.3 million in 2024 and 2023, respectively
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