← NexPoint Real Estate Finance, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net income | $34.2m |
$83.5m
+144.28%
|
$14.2m
-82.97%
|
$18.7m
+31.84%
|
$36.0m
+91.90%
|
$123.1m
+242.43%
|
$119.8m
-2.70%
|
|
| Amortization of premiums | — | $15.8m | $20.8m | $15.3m | $36.5m | $11.2m | — | |
| Depreciation and amortization of real estate investments | $0 | $0 | $2.9m | $2.5m | $5.6m | $2.9m | $3.3m | |
| Amortization of deferred financing costs | $8.3m | $15.8m | $48k | ($45k) | $47k | $161k | — | |
| Stock-based compensation expense | $548k | $2.0m | $3.3m | $4.4m | $6.1m | $6.0m | $6.1m | |
| Payments for taxes related to net share settlement of stock-based compensation | $0 | ($323k) | ($495k) | ($797k) | ($1.2m) | ($1.6m) | — | |
| Equity in (income) losses of unconsolidated equity method ventures | — | $0 | $0 | $2.6m | $4.0m | $898k | — | |
| Purchases of equity method investments | — | $0 | $0 | ($2.6m) | ($10.9m) | ($2.0m) | — | |
| Sale of equity method investments | — | — | $0 | $0 | $5.4m | $392k | — | |
| Earnings (Loss)es From Equity Investments | — | — | $0 | $2.6m | $4.0m | $898k | $897k | |
| Change In Working Capital | — | — | ($7.5m) | ($6.5m) | ($11.7m) | ($18.5m) | ($11.7m) | |
| Accounts receivable and other assets | ($745k) | $352k | ($433k) | ($354k) | $4.6m | ($635k) | ($16.2m) | |
| Adjustment to accounts receivable and other assets on deconsolidation of real estate | — | $0 | $0 | ($799k) | $0 | — | — | |
| Adjustment to accounts receivable and other assets on consolidation of real estate | — | $0 | $0 | $445k | $0 | $190k | — | |
| Change In Receivables | — | — | ($10.7m) | ($4.7m) | ($14.5m) | ($21.6m) | ($16.2m) | |
| Changes In Account Receivables | — | — | ($10.7m) | ($4.7m) | ($14.5m) | ($21.6m) | ($16.2m) | |
| Accounts payable, accrued expenses and other liabilities | $667k | $1.6m | $310k | ($2.2m) | $1.1m | ($689k) | $4.5m | |
| Adjustment to accounts payable and accrued liabilities on deconsolidation of real estate | — | $0 | $0 | $705k | $0 | — | — | |
| Adjustment to accounts payable and accrued liabilities on consolidation of real estate | — | $0 | $0 | ($2.4m) | $0 | ($1.0m) | — | |
| Accrued interest and dividends receivable | ($6.0m) | ($3.2m) | ($10.2m) | ($4.3m) | ($19.2m) | ($20.9m) | — | |
| Accrued interest payable | $2.3m | $1.7m | $2.9m | $338k | $1.8m | $3.8m | — | |
| Adjustment to accrued interest and dividends on deconsolidation of real estate | — | $0 | $0 | $2.0m | $0 | — | — | |
| Adjustment to accrued interest payable on deconsolidation of real estate | — | $0 | $0 | $1.1m | $0 | — | — | |
| Adjustment to accrued interest payable on consolidation of real estate | — | $0 | $0 | ($972k) | $0 | ($228k) | — | |
| Change in fair value on interest rate caps included in other assets | — | $0 | $0 | ($1.7m) | ($2.5m) | — | — | |
| Net cash provided by operating activities | $32.9m |
$49.3m
+49.83%
|
$65.8m
+33.48%
|
$31.6m
-52.04%
|
$29.3m
-7.20%
|
$22.9m
-21.75%
|
$16.3m
-28.97%
|
|
| Net change in unrealized (gain) loss on investments held at fair value | ($4.0m) | ($43.5m) | $44.8m | $16.8m | $7.9m | ($97.3m) | — | |
| Additions to real estate investments | $0 | ($29.8m) | ($117k) | ($526k) | ($902k) | ($1.4m) | — | |
| Net proceeds from dispositions of real estate investments | — | — | — | — | — | $56.3m | — | |
| Adjustment to real estate investments, net on deconsolidation of real estate | — | $0 | $0 | ($185.7m) | $0 | — | — | |
| Adjustment to real estate investments, net on consolidation of real estate | — | $0 | $0 | $69.0m | $0 | $42.9m | — | |
| Net Other Investing Changes | — | — | ($10.4m) | ($3.2m) | — | $796k | $796k | |
| Net cash provided by investing activities | ($68.3m) | $517.9m | $950.6m | $741.3m | $956.5m | $321.5m | $335.0m | |
| Loss on extinguishment of debt | $0 | $0 | ($17k) | $0 | $488k | $458k | — | |
| Borrowings under secured financing agreements | $59.9m | $0 | $89.6m | $0 | $120.0m | $22.7m | — | |
| Principal repayments on borrowings under secured financing agreements | ($8.2m) | ($54.2m) | ($98.3m) | ($38.3m) | ($534.2m) | ($82.4m) | — | |
| Borrowings under master repurchase agreements | $163.5m | $153.8m | $130.6m | $55.2m | $101.2m | $34.6m | — | |
| Principal repayments on borrowings under master repurchase agreements | ($2.0m) | ($29.0m) | ($85.9m) | ($82.7m) | ($161.3m) | ($20.0m) | — | |
| Borrowings under bridge facility | $86.0m | $20.0m | $55.0m | $0 | $19.9m | — | — | |
| Issuance Of Debt | — | — | $185.3m | $13.6m | $146.4m | $65.2m | $61.7m | |
| Long Term Debt Issuance | — | — | $185.3m | $13.6m | $146.4m | $65.2m | $61.7m | |
| Long Term Debt Payments | — | — | ($158.2m) | ($38.3m) | ($560.7m) | ($118.9m) | ($124.8m) | |
| Net Issuance Payments Of Debt | — | — | $27.1m | ($24.8m) | ($414.3m) | ($53.6m) | ($63.2m) | |
| Net Long Term Debt Issuance | — | — | $27.1m | ($24.8m) | ($414.3m) | ($53.6m) | ($63.2m) | |
| Net Short Term Debt Issuance | — | $124.9m | $134.3m | ($27.5m) | — | — | $128.5m | |
| Repayment Of Debt | — | — | ($158.2m) | ($38.3m) | ($560.7m) | ($118.9m) | ($124.8m) | |
| Short Term Debt Issuance | — | $153.8m | $220.3m | $55.2m | — | — | $206.9m | |
| Short Term Debt Payments | — | ($29.0m) | ($85.9m) | ($82.7m) | — | — | ($78.4m) | |
| Dividends paid to common stockholders | ($7.4m) | ($14.2m) | ($29.7m) | ($48.0m) | ($34.8m) | ($35.3m) | ($30.0m) | |
| Common Stock Dividend Paid | — | ($14.2m) | ($29.7m) | ($48.0m) | ($34.8m) | — | ($26.5m) | |
| Common Stock Issuance | — | $83.2m | $168.0m | $0 | $0 | — | $73.7m | |
| Common Stock Payments | — | $0 | $0 | — | — | — | $113.5m | |
| Issuance Of Capital Stock | — | $83.3m | $168.0m | $8.6m | $140.4m | — | $124.5m | |
| Repurchase Of Capital Stock | — | $0 | $0 | — | — | — | $113.5m | |
| Dividends paid to preferred stockholders | ($874k) | ($3.5m) | ($3.5m) | ($3.6m) | ($11.5m) | ($26.4m) | ($30.0m) | |
| Increase in dividends payable upon vesting of restricted stock units | $238k | $531k | $1.2m | $0 | $2.0m | $1.9m | — | |
| Cash Dividends Paid | — | ($17.7m) | ($33.2m) | ($51.5m) | ($46.3m) | — | ($30.0m) | |
| Dividends Received CFI | — | — | $0 | $0 | $5.4m | — | $5.4m | |
| Preferred Stock Dividend Paid | — | ($3.5m) | ($3.5m) | ($3.6m) | ($11.5m) | — | ($3.5m) | |
| Net Other Financing Charges | — | — | ($1.2b) | ($668.9m) | ($603.7m) | ($385.2m) | ($345.4m) | |
| Net cash used in financing activities | $68.8m |
($567.4m)
-924.37%
|
($1.0b)
-81.40%
|
($776.6m)
+24.55%
|
($995.4m)
-28.18%
|
($317.2m)
+68.14%
|
($456.6m)
-43.96%
|
|
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $33.5m | ($239k) | ($12.9m) | ($3.7m) | ($9.6m) | $27.3m | — | |
| Cash, cash equivalents and restricted cash, beginning of period | $33.5m | $33.2m | $20.3m | $16.6m | $7.1m | $34.4m | — | |
| Beginning Cash Position | — | $33.5m | $33.2m | $20.3m | $16.6m | — | $23.5m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Accretion of discounts | ($3.2m) | ($9.2m) | ($13.3m) | ($13.9m) | ($27.2m) | ($11.2m) | — | |
| Net cash received (paid) on interest rate caps | $23.2m | $0 | $0 | ($440k) | $605k | $39.0m | — | |
| Provision for (reversal of) credit losses | $320k | $189k | $169k | $4.3m | ($723k) | $39.0m | — | |
| Net realized (gain) loss | $493k | $257k | $1.1m | $0 | ($11.2m) | ($1.7m) | — | |
| Gain on deconsolidation of variable interest entity | — | $0 | $0 | ($1.5m) | $0 | — | — | |
| Payment in kind income | $0 | ($91k) | ($715k) | ($9.0m) | ($14.5m) | ($32.1m) | — | |
| Proceeds from sale of loans held-for-investment | $22.4m | $63.0m | $179.0m | $815.2m | $1.2b | $520.3m | — | |
| Proceeds from payments received on mortgage backed securities | $0 | $3.9m | $7.5m | — | — | — | — | |
| Originations of mortgage loans, held-for-investment, net | ($108.6m) | ($117.7m) | ($110.5m) | ($92.7m) | ($168.0m) | ($97.8m) | — | |
| Purchases of preferred stock and stock warrants | — | — | — | ($14.5m) | ($30.9m) | ($140.2m) | — | |
| Purchases of CMBS securitizations | ($40.2m) | ($39.1m) | ($48.8m) | — | — | — | — | |
| Purchases of CMBS structured pass through certificates, at fair value | ($40.2m) | — | — | — | — | ($11.6m) | — | |
| Purchases of CMBS securitizations held in variable interest entities, at fair value | ($150.3m) | — | — | — | — | — | — | |
| Sales of CMBS securitizations held in variable interest entities, at fair value | — | — | — | $44.8m | $124.2m | — | — | |
| Sale of MSCR notes, at fair value | — | — | $0 | $0 | $11.1m | — | — | |
| Increase in cash in connection with VIE consolidation | — | $0 | $0 | $1.8m | $0 | $796k | — | |
| Decrease in cash in connection with VIE deconsolidation | — | $0 | $0 | ($5.0m) | $0 | — | — | |
| Distributions to bondholders of variable interest entities | ($192.9m) | ($781.2m) | ($1.1b) | ($668.9m) | ($603.7m) | ($385.2m) | — | |
| Proceeds received from unsecured notes offering | — | — | $40.7m | $13.6m | $0 | — | — | |
| Proceeds received from unsecured promissory note | $34.9m | $132.8m | $40.7m | $13.6m | $6.5m | $42.5m | — | |
| Principal repayment on unsecured promissory note | — | — | ($4.8m) | $0 | $0 | ($36.5m) | — | |
| Bridge facility repayments | ($181.0m) | ($20.0m) | ($55.0m) | $0 | ($20.0m) | — | — | |
| Proceeds from the issuance of preferred stock through public offering, net of offering costs | $46.1m | $95k | $0 | $8.6m | $140.4m | $212.6m | — | |
| Proceeds received from mortgages payable | — | — | — | $416k | $0 | $0 | — | |
| Principal repayments on mortgages payable | — | $0 | $0 | ($22k) | ($240k) | ($32.1m) | — | |
| Distributions to redeemable noncontrolling interests in the OP | ($19.1m) | ($22.2m) | ($14.3m) | ($12.1m) | ($10.1m) | ($10.1m) | — | |
| Interest paid | $23.2m | $27.5m | $35.4m | $51.3m | $42.6m | $39.0m | $32.5m | |
| Adjustment to loans, held for investment, net on deconsolidation of real estate | — | $0 | $0 | $36.0m | $0 | — | — | |
| Adjustment to mortgages payable, net on deconsolidation of real estate | — | $0 | $0 | $89.0m | $0 | — | — | |
| Adjustment to noncontrolling interest in subsidiary on deconsolidation of real estate | — | $0 | $0 | $64.4m | $0 | — | — | |
| Adjustment to retained earnings on deconsolidation of real estate | — | $0 | $0 | $1.5m | $0 | — | — | |
| Adjustment to redeemable noncontrolling interest in the OP on deconsolidation of real estate | — | $0 | $0 | ($297k) | $0 | — | — | |
| Consolidation of mortgage loans and bonds payable held in variable interest entities | $0 | $0 | $25.0m | $0 | $1.3b | — | — | |
| Consolidation of noncontrolling interest in CMBS variable interest entities | $0 | $7.2m | $0 | $0 | $3.3m | ($3.3m) | — | |
| Deconsolidation of mortgage loans and bonds payable held in variable interest entities | $3.2b | $2.9b | $1.2b | ($448.4m) | ($2.3b) | — | — | |
| Adjustment to loans, held for investment, net on consolidation of real estate | — | $0 | $0 | ($9.7m) | $0 | ($9.0m) | — | |
| Adjustment to mortgages payable, net on consolidation of real estate | — | $0 | $0 | ($63.1m) | $0 | ($42.7m) | — | |
| Conversion of paid-in-kind interest into Series E Preferred Stock | $23.2m | $27.5m | $0 | $0 | $10.0m | $39.0m | — | |
| Cash Flow From Continuing Financing Activities | — | — | ($1.0b) | ($721.2m) | ($1.1b) | ($424.3m) | ($456.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | $950.6m | $741.3m | $956.5m | $321.5m | $335.0m | |
| Change In Account Payable | — | — | $3.2m | ($1.9m) | $2.9m | $3.1m | $4.5m | |
| Change In Cash Supplemental As Reported | — | ($239k) | ($12.9m) | ($3.7m) | ($9.6m) | — | — | |
| Change In Payable | — | — | $3.2m | ($1.9m) | $2.9m | $3.1m | $4.5m | |
| Changes In Cash | — | — | ($12.9m) | $51.7m | ($92.2m) | ($79.8m) | ($105.3m) | |
| End Cash Position | — | $33.2m | $20.3m | $16.6m | $7.1m | — | ($81.9m) | |
| Financing Cash Flow | — | — | ($1.0b) |
($721.2m)
+29.93%
|
($1.1b)
-49.49%
|
($424.3m)
+60.65%
|
($456.6m)
-7.62%
|
|
| Free Cash Flow | — | — | $65.8m | $31.6m | $29.3m | $22.9m | $16.3m | |
| Gain Loss On Sale Of Business | — | — | $0 | ($1.5m) | $0 | $0 | $0 | |
| Investing Cash Flow | — | — | $950.6m | $741.3m | $956.5m | $321.5m | $335.0m | |
| Net Investment Properties Purchase And Sale | — | — | ($184.7m) | ($526k) | ($902k) | $54.9m | $54.8m | |
| Net Investment Purchase And Sale | — | — | ($146.3m) | $22.5m | $83.9m | ($156.7m) | ($95.8m) | |
| Net Preferred Stock Issuance | — | $95k | $0 | $8.6m | $140.4m | — | $50.8m | |
| Operating Gains Losses | — | — | ($17k) | ($601k) | $2.0m | $1.4m | $1.3m | |
| Other Non Cash Items | — | — | $417k | ($9.5m) | ($25.1m) | ($33.7m) | — | |
| Preferred Stock Payments | — | $0 | $0 | — | — | — | $0 | |
| Purchase Of Investment | — | — | ($153.7m) | ($22.8m) | ($139.8m) | ($157.1m) | ($96.2m) | |
| Purchase Of Investment Properties | — | — | ($184.7m) | ($526k) | ($902k) | ($1.4m) | ($96.2m) | |
| Sale Of Investment | — | — | $7.5m | $45.3m | $223.6m | $392k | $7.0m | |
| Sale Of Investment Properties | — | — | — | $0 | $0 | $56.3m | $7.0m | |
| Stock Based Compensation | — | — | $3.3m | $4.4m | $6.1m | $6.0m | $6.1m | |
| Unrealized Gain Loss On Investment Securities | — | — | $44.8m | $16.8m | $7.9m | ($97.3m) | ($82.1m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.