Financial Performance - GAAP Net Income was approximately $1 million, or $0.01 per share[8] - Distributable Earnings were $33 million, or $0.03 per share[8] - Adjusted Distributable Earnings were $212 million, or $016 per share[8] - A dividend of $016 per share was declared and paid for Q3'25, representing a 121% yield on the current share price[8] Portfolio Overview - Total At-Share Assets (Undepreciated) amounted to $35 billion[6] - The total loan portfolio was $24 billion, consisting of 85 total loans with an average loan size of $28 million[6] - The W A Unlevered All-in Yield was 77%[6] - 91% of the loans were less than $50 million in size, based on loan count[6] - The loan portfolio had a W A risk ranking of 31[8] - Total CECL reserve was $127 million, or $098 per share[8] Liquidity & Capitalization - Total liquidity was $280 million, including $87 million of unrestricted cash ($067 per share) and a $165 million fully undrawn corporate revolver[6] - Master Repurchase Facilities Availability was $11 billion[6] - The Debt-to-Equity Ratio was 19x[6]

Core Points - NexPoint Real Estate Finance, Inc. is scheduled to host a conference call on October 30, 2025, at 11:00 a.m. ET to discuss its third quarter 2025 financial results [1] - The conference call will be accessible via phone and online, with a replay available for 60 days after the call [2][3] - The company plans to issue a press release with the financial results before the market opens on the same day [3] Company Overview - NexPoint Real Estate Finance, Inc. is a publicly traded REIT listed on the NYSE under the symbols "NREF" and "NREF-PRA" [4] - The company focuses on originating, structuring, and investing in various financial instruments including first-lien mortgage loans, mezzanine loans, preferred equity, and multifamily properties [4]

Financial Performance - GAAP Net Loss was $(231) million, or $(019) per share[7] - Distributable Earnings were $34 million, or $003 per share[7] - Adjusted Distributable Earnings reached $229 million, or $018 per share[7] - A dividend of $016 per share was declared and paid for Q2'25, representing a 130% yield on the current share price[7] Portfolio Overview - Total at-share assets amounted to $35 billion, predominantly in floating-rate senior loans[7,8] - The loan portfolio totaled $24 billion with an average loan size of $30 million and a W A unlevered yield of 78%[7] - Positive net deployment during Q2'25 was $86 million[7] - The company committed $98 million of capital across two new loans and a cross-collateralized preferred equity investment in Q2'25[7] Liquidity and Capitalization - Available liquidity was $325 million, including unrestricted cash, revolver capacity, and approved undrawn borrowings[7] - Total master repurchase facility capacity was $20 billion with $12 billion of availability[7] - The company repurchased 06 million shares of Class A common stock for $29 million at a blended price of $519 per share[7] Loan Portfolio Risk - The W A risk ranking of the loan portfolio improved to 31 from 32 in Q1'25[7] - Watch list loans decreased to 5 loans totaling $202 million, representing 9% of the loan portfolio, a ~50% reduction from Q1'25[7] - Total CECL reserve was $137 million, or $106 per share[7]

Core Points - NexPoint Real Estate Finance, Inc. is scheduled to host a conference call on July 31, 2025, at 11:00 a.m. ET to discuss its second quarter 2025 financial results [1] - The conference call will be accessible via phone and online, with a replay available for 60 days after the call [2][3] - The company is a publicly traded REIT focused on various real estate finance activities, including mortgage loans and equity investments [4]