Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 147

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 6
Chunk 147
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) losses from non-real estate investments(1,530)—(1,530)21,872Change in unrealized (gains) losses from non-real estate investments33,322—33,322(6,290)Equity in (income) losses of unconsolidated equity method ventures357—3571,154Impairment loss—1,7521,752—NOI$783 $3,043 $3,827 $415 Less Non-Same StoreRevenues$(3,538)$(11,239)$(14,777)$(3,752)Operating expenses3,3767,77811,1543,507Same Store NOI$622 $(418)$204 $170 

(1)As of March 31, 2024, there was only one reporting segment.

(2)Non-operating property investment revenue is defined as revenue included in the consolidated financial statements that are from non-operating properties such as dividend income and interest income.

50

Consolidated NOI for Our Same Store and Non-Same Store Properties for the Three Months Ended March 31, 2025 and 2024

The following table reflects the revenues, property operating expenses and NOI for the three months ended March 31, 2025 and 2024 for our Same Store and Non-Same Store properties (dollars in thousands):

For the Three Months Ended March 3120252024$ Change% ChangeRevenuesSame StoreRental income$359 $322 $37 11.5 %Same Store revenues359 322 37 11.5 %Non-Same StoreRental income3,286 3,725 (439)-11.8 %Other income252 27 225 N/M(1)Rooms10,350 — 10,350 — %Food and beverage889 — 889 — %Non-Same Store revenues14,777 3,752 11,025 N/M(1)Total revenues15,136 4,074 11,062 N/M(1)Operating expensesSame StoreProperty operating expenses64 49 15 30.6 %Real estate taxes and insurance66 80 (14)-17.5 %Property management fees19 17 2 11.8 %Property general and administrative expenses6 6 — — %Same Store operating expenses155 152 3 2.