Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 800

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 800
---
310Same Store NOI$(3,503)$4,011 $508 $938 

(1)As of December 31, 2023, 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.

80

Consolidated NOI for Our Same Store and Non-Same Store Properties for the Years Ended December 31, 2024 and 2023

The following table reflects the revenues, property operating expenses and NOI for the years ended December 31, 2024 and 2023 for our Same Store and Non-Same Store properties (dollars in thousands):

For the Year Ended December 3120242023$ Change% ChangeRevenuesSame StoreRental income$1,147 $1,471 $(324)-22.0 %Same Store revenues1,147 1,471 (324)-22.0 %Non-Same StoreRental income14,531 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