NexPoint Real Estate Finance, Inc. (NREF)

NREF Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	114.25	35.96	18.74	14.21	83.47	34.17
Depreciation & Amortization	-6.74	14.92	3.84	10.47	6.57	5.12
Provision for Credit Losses	24.59	-0.72	4.3	0.17	0.19	0.32
Stock-Based Compensation	5.89	6.07	4.41	3.29	2.02	0.55
Other Adjustments	-83.52	-15.26	6.79	45.12	-43.34	-3.49
Changes in Accrued Interest and Accounts Receivable	-25.32	-14.55	-4.67	-10.68	-2.89	-6.75
Changes in Accounts Payable	4.43	1.81	0.34	2.91	1.67	2.31
Changes in Accrued Expenses	0.1	1.06	-2.19	0.31	1.59	0.67
Operating Cash Flow	31.81	29.28	31.56	65.8	49.3	32.9
Operating Cash Flow Growth	13.40%	-7.20%	-52.04%	33.48%	49.83%	-
Net Change in Loans Held-for-Investment	588.6	873.57	722.52	1,292	787.38	122.35
Net Change in Securities and Investments	-161.82	83.87	22.52	-156.63	-239.71	-190.61
Capital Expenditures	-0.83	-0.9	-0.53	-184.67	-29.79	-
Other Investing Activities	-	-	-3.18	-	-	-
Investing Cash Flow	500.26	956.54	741.34	950.58	517.88	-68.26
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	18.6	-60.06	-27.51	44.7	124.86	161.47
Long-Term Debt Issued	23.63	146.41	13.97	185.31	152.81	180.82
Long-Term Debt Repaid	-719.84	-1,165	-707.25	-1,290	-855.74	-382.13
Net Long-Term Debt Issued (Repaid)	-696.21	-1,018	-693.27	-1,105	-702.93	-201.32
Issuance of Common Stock	-	-	-	167.99	83.19	91.49
Repurchase of Common Stock	-1.56	-1.15	-0.8	-156.99	-32.72	-4.79
Net Common Stock Issued (Repurchased)	-1.56	-1.15	-0.8	11	50.47	86.7
Issuance of Preferred Stock	194.87	140.45	8.6	-	0.1	46.08
Repurchase of Preferred Stock	-	-	-	-	-	-8.57
Net Preferred Stock Issued (Repurchased)	194.87	140.45	8.6	-	0.1	37.51
Common Dividends Paid	-35.65	-34.85	-47.95	-29.65	-14.16	-7.38
Preferred Share Dividends Paid	-22.15	-11.5	-3.58	-17.79	-3.51	-0.87
Other Financing Activities	-10.08	-10.08	-12.09	134.51	-22.24	-7.28
Financing Cash Flow	-549.22	-995.42	-776.6	-1,029	-567.42	68.83
Net Cash Flow	-17.15	-9.6	-3.7	-12.89	-0.24	33.47
Free Cash Flow	30.98	28.38	31.03	-118.87	19.51	32.9
Free Cash Flow Growth	9.16%	-8.53%	-	-	-40.71%	-
FCF Margin	24.87%	38.71%	82.11%	-295.51%	20.08%	76.34%
Free Cash Flow Per Share	0.81	0.97	1.35	-5.29	0.96	1.76
Levered Free Cash Flow	-652.35	-998.2	-686.08	-1,281	-686.19	-188.86
Unlevered Free Cash Flow	-28.35	2.33	-3.21	-181.65	-22.84	1.35

Updated Feb 26, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q