Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 81

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1A
Chunk 81
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30, 2025 and 2024.

Revenues

Rental Income. Rental income was $0.4 million for the three months ended June 30, 2025, compared to $0.4 million for the three months ended June 30, 2024. 

Expenses

Property operating expenses. Property operating expenses were $58.0 thousand for the three months ended June 30, 2025, compared to $39.0 thousand for the three months ended June 30, 2024, which was an increase of approximately $19.0 thousand or 48.7%. The majority of the increase between the three months ended June 30, 2025 and the three months ended June 30, 2024 is related to an increase in repair and maintenance fees.

Real estate taxes and insurance. Real estate taxes and insurance costs were $74.0 thousand for the three months ended June 30, 2025, compared to $66.1 thousand for the three months ended June 30, 2024, which was a decrease of approximately $7.9 thousand or 12.1%. The majority of the decrease between the three months ended June 30, 2025 and the three months ended June 30, 2024 is related to a decrease in the property tax budget.

Property management fees. Property management fees were $22.0 thousand for the three months ended June 30, 2025, compared to $20.5 thousand for the three months ended June 30, 2024, which was an increase of approximately $1.5 thousand, or 4.8%. The increase between the three months ended June 30, 2025 and the three months ended June 30, 2024 is related to an increase in rental revenue, which the management fee is calculated off of. 

Property general and administrative expenses. Property general and administrative expenses were $4.0 thousand for the three months ended June 30, 2025, compared to $13.5 thousand for the three months ended June 30, 2024, which was a decrease of approximately $9.5 thousand. The decrease between the three months ended June 30, 2025 and the three months ended June 30, 2024 is related to a decrease in professional fees.

58

Consolidated NOI for Our Same Store and Non-Same Store Properties for the Six Months Ended June 30, 2025 and 2024