NexPoint Real Estate Finance, Inc. (NREF) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20
	10-K	10-K
Total interest income	55.8	39.0
Total interest expense	-29.8	-21.3
Net interest income	26.1	17.7
Provision for loan losses	-0.2	-0.3
Net interest income after provision for loan losses	26.2	18.0
Gain on sale of investments, net	-0.3	-0.5
Total non-interest income	-0.3	-0.5
Pre-tax income	83.5	34.2
Income taxes	0.0	0.0
Tax rate	0.0%	0.0%
Net income	39.6	11.1
Net margin	152.3%	63.4%

Basic EPS	$6.00	$2.13
Diluted EPS	$3.89	$0.60

Shares outstanding (basic)	6.6	5.2
Shares outstanding (diluted)	10.2	18.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.