Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 295

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 295
---
531 18,839 (4,308)-22.9 %Other income1,162 308 854 N/M(1)Rooms24,902 — 24,902 — %Food and beverage2,200 — 2,200 — %Non-Same Store revenues42,795 19,147 23,648 123.5 %(1)Total revenues43,942 20,618 23,324 113.1 %(1)Operating expensesSame StoreProperty operating expenses223 127 96 75.6 %Real estate taxes and insurance293 264 29 11.0 %Property management fees75 74 1 1.4 %Property general and administrative expenses48 68 (20)-29.4 %Same Store operating expenses639 533 106 19.9 %Non-Same StoreProperty operating expenses22,033 7,361 14,672 N/M(1)Real estate taxes and insurance6,252 4,113 2,139 52.0 %(1)Property management fees1,415 653 762 N/M(1)Property general and administrative expenses7,357 4,183 3,174 75.9 %(1)Non-Same Store operating expenses37,057 16,310 20,747 127.2 %(1)Total operating expenses37,696 16,843 20,853 123.8 %(1)NOISame Store508 938 (430)-45.8 %Non-Same Store5,738 2,837 2,901 102.2 %(1)Total NOI$6,246 $3,775 $2,471 65.4 %(1)

(1)Denotes that the significant percentage change in the current period comparison is primarily attributed to the consolidation of NHT.

See reconciliation of net income (loss) to NOI above under “NOI and Same Store NOI for the Year Ended December 31, 2024 and 2023.”

81

Consolidated Same Store Results of Operations for the Years Ended December 31, 2024 and 2023

As of December 31, 2024, our Same Store properties were approximately 52.1% leased with a weighted average monthly effective occupied rent per square foot of $1.10, compared to