Financial Statements — NREF
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.03 | 0.00 | 0.01 | 0.01 | 0.02 | 0.04 | 0.02 | 0.05 | 0.04 | 0.02 | 0.03 | 0.01 |
| Total Assets | 5.37 | 5.23 | 5.28 | 5.40 | 5.40 | 5.69 | 6.57 | 7.09 | 6.89 | 7.60 | 8.04 | 8.28 | 7.86 | 8.02 | 8.30 | 8.54 | 5.96 |
| Long-term Debt | -- | -- | 0.72 | 0.82 | 0.83 | 0.82 | 0.86 | 0.84 | 1.22 | 1.25 | 1.28 | 1.27 | 1.24 | 1.24 | 1.14 | 1.11 | 1.04 |
| Total Liabilities | 4.51 | 4.39 | 4.50 | 4.72 | 4.78 | 5.15 | 6.09 | 6.64 | 6.45 | 7.14 | 7.57 | 7.78 | 7.35 | 7.51 | 7.80 | 8.10 | 5.54 |
| Retained Earnings | (0.02) | (0.02) | (0.02) | (0.04) | (0.05) | (0.05) | (0.06) | (0.06) | (0.04) | (0.01) | -0.00 | 0.02 | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 |
| Total Stockholder Equity* | 0.86 | 0.85 | 0.77 | 0.68 | 0.62 | 0.53 | 0.48 | 0.45 | 0.43 | 0.47 | 0.47 | 0.50 | 0.51 | 0.51 | 0.50 | 0.44 | 0.13 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Operating Expenses | 10.04 | 10.00 | 7.78 | 8.35 | 9.27 | 8.28 | 8.98 | 7.84 | 8.79 | 11.03 | 6.40 | 6.33 | 5.10 | -- | 15.21 | 3.61 | 3.73 | 3.63 | 3.51 | 3.35 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 11.24 | 13.06 | 13.20 | 13.09 | 12.21 | 11.65 | 10.68 | 9.11 | 8.82 | 7.90 | 7.79 |
| Net Income | 17.30 | 22.63 | 24.05 | 50.86 | 22.27 | 25.96 | 15.16 | 23.33 | 12.11 | (14.64) | 17.93 | (17.05) | 8.48 | 9.38 | (4.28) | (8.69) | 8.45 | 18.74 | 20.96 | 25.19 |
| Diluted EPS | 0.29 | 0.42 | 0.47 | 1.14 | 0.54 | 0.70 | 0.71 | 0.74 | 0.40 | (0.83) | 0.80 | (0.90) | 0.33 | 0.37 | (0.39) | (0.54) | 0.34 | 0.81 | 0.92 | 1.17 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (6.04) | 9.40 | (4.54) | 8.10 | 3.32 | 16.04 | 4.36 | 14.72 | (7.50) | 17.71 | 3.13 | 5.95 | 7.53 | 14.95 | 3.20 | 11.23 | 12.87 | 38.51 | 12.07 | 14.39 |
| Investing Cash Flow | 24.16 | 84.69 | 41.88 | 190.08 | 18.30 | 71.28 | 220.60 | 138.93 | 51.60 | 545.41 | 101.86 | 208.11 | 364.65 | 66.73 | 99.66 | 141.61 | 498.20 | 211.11 | 321.34 | 151.47 |
| Financing Cash Flow | 94.87 | (103.20) | (24.55) | (190.35) | (31.37) | (70.89) | (256.61) | (122.25) | (56.06) | (560.48) | (101.25) | (222.72) | (390.92) | (61.70) | (108.99) | (180.30) | (492.55) | (247.42) | (324.75) | (171.96) |
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Dividends Per Share | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.69 | 0.69 | 0.69 | 0.69 | 0.50 | 0.50 | 0.50 | 0.50 | 0.48 | 0.48 |
