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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments75,35371,68696,829115,82898,312105,719
Cash and cash equivalents13,82410,97719,65738,83020,04822,100
Short-term investments61,52960,70977,17276,99878,26483,619
Receivables(2,100)(8,540)    
Total current assets:73,25363,14696,829115,82898,312105,719
Noncurrent Assets
Long-term investments and receivables   1111,000  
Long-term investments   1111,000  
Total noncurrent assets:   1111,000  
Other undisclosed assets6,945,1006,823,2077,506,2957,925,7388,055,8248,170,203
TOTAL ASSETS:7,018,3536,886,3537,603,2358,042,5668,154,1368,275,922
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt303,514298,009333,233 331,020351,037
Total current liabilities:303,514298,009333,233 331,020351,037
Noncurrent Liabilities
Other undisclosed liabilities6,269,3326,154,1816,803,8147,569,5907,278,1027,429,814
Total liabilities:6,572,8466,452,1907,137,0477,569,5907,609,1227,780,851
Temporary equity, carrying amount98,07089,14894,54595,71296,501143,162
Equity
Equity, attributable to parent347,154344,732371,360376,981383,797351,814
Preferred stock      16
Common stock      150
Treasury stock, value(12,762)(12,762)(12,762)(12,762)(12,762)(12,762)
Additional paid in capital395,737394,720393,435392,440392,124349,219
Retained earnings (accumulated deficit)(35,821)(37,226)(9,313)(2,697)4,43515,191
Other undisclosed equity28328328328364,71695
Total equity:347,437345,015371,643377,264448,513351,909
TOTAL LIABILITIES AND EQUITY:7,018,3536,886,3537,603,2358,042,5668,154,1368,275,922

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues 16,88418,01417,29916,16111,96715,343
Net investment income 16,88418,01417,29916,16111,96716,427
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 1,937(6,276)    
Other undisclosed gross profit     (169) 
Gross profit: 18,82111,73817,29916,16111,79815,343
Operating expenses(6,400)(6,332)(5,098)(4,023)(15,209)(3,611)
Operating income (loss):12,4215,40612,20112,138(3,411)11,732
Nonoperating income (expense)20,508(15,535)9,37010,94910,608(10,828)
Interest and debt expense(13,057)(13,197)(13,094)(12,212)(40,272)(10,682)
Income (loss) from continuing operations:19,872(23,326)8,47710,875(33,075)(9,778)
Loss before gain (loss) on sale of properties:(9,778)
Other undisclosed net income (loss)(1,937)6,276 (1,497)28,7931,084
Net income (loss):17,935(17,050)8,4779,378(4,282)(8,694)
Net income (loss) attributable to noncontrolling interest(3,346)2,374(1,856)(1,937)8,4811,509
Net income (loss) attributable to parent:14,589(14,676)6,6217,4414,199(7,185)
Preferred stock dividends and other adjustments     2,630(874)
Other undisclosed net loss available to common stockholders, basic(954)(874)(874)(874)(13,479) 
Net income (loss) available to common stockholders, basic:13,635(15,550)5,7476,567(6,650)(8,059)
Other undisclosed net income (loss) available to common stockholders, diluted3,346(2,374)1,8561,937(1,013)(1,509)
Net income (loss) available to common stockholders, diluted:16,981(17,924)7,6038,504(7,663)(9,568)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):17,935(17,050)8,4779,378(4,282)(8,694)
Comprehensive income (loss):17,935(17,050)8,4779,378(4,282)(8,694)
Other undisclosed comprehensive income, net of tax, attributable to parent     2,499 
Comprehensive income (loss), net of tax, attributable to parent:17,935(17,050)8,4779,378(1,783)(8,694)

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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