Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 151

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 6
Chunk 151
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 be indicative of cash available to fund our future cash requirements. Further, our computation of FFO and AFFO may not be comparable to FFO and AFFO reported by other REITs that do not define FFO in accordance with the current NAREIT definition or that interpret the current NAREIT definition or define AFFO differently than we do.

The following table reconciles our calculations of FFO and AFFO to net income (loss), the most directly comparable GAAP financial measure, for the three months ended March 31, 2025 and 2024 (in thousands, except per share amounts):

53

For the Three Months Ended March 31For the Three Months Ended March 3120252024% Change  (1)Net income (loss)$(35,106)$(21,548)N/MDepreciation and amortization3,909 2,796 39.8 %Realized (gains) losses(1,519)21,872 N/MImpairment loss1,752 — — %Adjustment for noncontrolling interests615 — — %FFO(30,349)3,120 N/MDistributions to Series A preferred shareholders(1,155)(1,155)— %Distributions to Series B preferred shareholders(2)— — %FFO attributable to common shareholders(31,506)1,965 N/MFFO per share - basic$(0.73)$0.05 N/MFFO per share - diluted$(0.73)$0.05 N/MEquity-based compensation expense 804 547 47.0 %Amortization of deferred financing costs - long term debt143 271 -47.2 %Change in unrealized (gains) losses33,322 (6,290)N/MAFFO attributable to common shareholders2,763 (3,507)N/MAFFO per share - basic$0.06 $(0.09)N/MAFFO per share - diluted$0.06 $(0.09)N/MWeighted average common shares outstanding - basic42,899 38,572 11.2 %Weighted average common shares outstanding - diluted(2)44,297 39,321 12.7 %Distributions declared per common share$0.15 $0.15 — %Net income (loss) coverage(