Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 56

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 56
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controlling interests1,945 — 1,945 Net income (loss) attributable to common shareholders$(34,329)$(22,703)$(11,626)

The net loss for the three months ended March 31, 2025 and 2024 primarily relates to mark-to-market losses on our investments accounted for at fair value partially offset by interest and dividends.

Revenues

Rental income. Rental income was $3.6 million for the three months ended March 31, 2025, compared to $4.0 million for the three months ended March 31, 2024, which was a decrease of approximately $0.4 million. The decrease between the periods was primarily due to a decrease in occupancy at Cityplace.

Rooms revenue. Rooms revenue was $10.4 million for the three months ended March 31, 2025. All rooms revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Food and beverage revenue. F&B revenue was $0.9 million for the three months ended March 31, 2025. All F&B revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Interest and dividends. Interest and dividends totaled $13.9 million for the three months ended March 31, 2025, compared to $8.7 million for the three months ended March 31, 2024, which was an increase of approximately $5.2 million. The increase between the periods was attributed to an increase in dividends from equity investments. 

Other income. Other income was approximately $278.0 thousand for the three months ended March 31, 2025, compared to $27.0 thousand for the three months ended March 31, 2024, which was an increase of approximately $251.0 thousand. The increase between the periods was primarily due to the NHT consolidation.

Expenses

Property operating expenses. Property operating expenses were $7.0 million for the three months ended March 31, 2025, compared to $1.6 million for the three months ended March 31, 2024, which was an increase of approximately $5.4 million. The increase between the periods was primarily due to the NHT consolidation.

Property management fees. Property management fees were $0.5 million for the three