NexPoint Real Estate Finance Inc. (NREF) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 CRESCENT COURT
DALLAS, TX 75201
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments75,35398,312154,73530,241
Cash and cash equivalents13,82420,04826,45930,241
Short-term investments61,52978,264128,276 
Receivables(2,100)   
Asset, held-for-sale, not part of disposal group    127,777
Total current assets:73,25398,312154,735158,018
Noncurrent Assets
Other undisclosed assets6,945,1008,055,8248,359,1826,018,292
TOTAL ASSETS:7,018,3538,154,1368,513,9176,176,310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt303,514331,020286,324 
Total current liabilities:303,514331,020286,324 
Noncurrent Liabilities
Other undisclosed liabilities6,269,3327,278,1027,720,8875,772,397
Total liabilities:6,572,8467,609,1228,007,2115,772,397
Temporary equity, carrying amount98,07096,501261,423275,670
Equity
Equity, attributable to parent347,154383,797238,013128,243
Preferred stock   1616
Common stock   9250
Treasury stock, value(12,762)(12,762)(12,762)(13,351)
Additional paid in capital395,737392,124222,300138,043
Retained earnings (accumulated deficit)(35,821)4,43528,3673,485
Other undisclosed equity28364,7167,270 
Total equity:347,437448,513245,283128,243
TOTAL LIABILITIES AND EQUITY:7,018,3538,154,1368,513,9176,176,310

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues68,35877,98855,57038,858
Net investment income68,35877,98855,82738,978
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(4,299)(169)(189)(320)
Gross profit:64,05977,81955,38138,538
Operating expenses(23,350)(26,180)(13,846)(9,248)
Operating income:40,70951,63941,53529,290
Nonoperating income25,2922,66171,26325,752
Investment income, nonoperating193  6,309
Interest and debt expense(51,560)(40,255)(29,772)(21,312)
Income (loss) from continuing operations:14,44114,04583,02633,730
Income before gain (loss) on sale of properties:83,02633,730
Other undisclosed net income4,299169446440
Net income (loss):18,74014,21483,47234,170
Net income (loss) attributable to noncontrolling interest(4,765)2,499(40,387)(21,323)
Net income (loss) attributable to parent:13,97516,71343,08512,847
Preferred stock dividends and other adjustments   (3,508)(1,748)
Other undisclosed net loss available to common stockholders, basic(3,576)(13,479)  
Net income (loss) available to common stockholders, basic:10,3993,23439,57711,099
Other undisclosed net income available to common stockholders, diluted4,7654,96940,38721,323
Net income (loss) available to common stockholders, diluted:15,1648,20379,96432,422

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):18,74014,21483,47234,170
Comprehensive income (loss):18,74014,21483,47234,170
Comprehensive income, net of tax, attributable to noncontrolling interest  2,499  
Comprehensive income (loss), net of tax, attributable to parent:18,74016,71383,47234,170

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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