Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 99

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1A
Chunk 99
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— $30 $60 $60 $60 N/A(2)Credit FacilityPrincipal payments$77,590 $18,829 $— $21,275 $— $— $37,486 Interest expense25,893 1,836 2,597 1,591 1,413 1,413 17,043 Total$103,483 $20,665 $2,597 $22,866 $1,413 $1,413 $54,529 Total contractual obligations and commitments$381,121 $83,733 $185,489 $28,759 $7,306 $16,895 $58,939 

(1)Assumes no additional borrowings or repayments. The Prime Brokerage (as defined below) balance has no stated maturity date.

(2)The Series A & B Preferred Shares are perpetual.

NXDT Advisory Agreement

As consideration for the Adviser’s services under the Advisory Agreement, we pay our Adviser the Fees, which includes the Advisory Fee equal to 1.00% of Managed Assets and the Administrative Fee equal to 0.20% of the Company’s Managed Assets. The Advisory Agreement provides that the Administrative Fees shall be paid in cash and the monthly installment of the Advisory Fees shall be paid one-half in cash and one-half in common shares of the Company, subject to certain restrictions. For additional information, see Note 13 to our consolidated financial statements. 

We also generally reimburse our Adviser for operating or offering expenses it incurs on our behalf or in connection with the services it performs for us. The Adviser may, at its discretion and at any time, waive its right to reimbursement for 

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eligible out-of-pocket expenses paid on the Company’s behalf. Once waived, those expenses are considered permanently waived and became non-recoupable. 

For the three and six months ended June 30, 2025, the Company expensed $3.4 million and $6.8 million, respectively, related to the Fees. Of this $3.4 million, $1.4 million is related to shares that were, or are expected to be issued in lieu of cash. Of this $6.8 million, $2.6 million is related to shares that were, or are expected to be issued in lieu of cash.

NHT Advisory Agreement

Prior to the closing of the NHT Mer