Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 90

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1A
Chunk 90
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21)$(0.07)$(1.90)$(0.18)N/MEquity-based compensation expense 1,138 414 3,605 2,193 N/MAmortization of deferred financing costs - long term debt575 (133)914 (580)N/MChange in unrealized (gains) losses2,505 885 77,464 (2,251)N/MTermination fee expense(2)— — 3,539 — — %AFFO attributable to common shareholders(5,617)(1,699)(541)(7,844)N/MAFFO per share - basic$(0.12)$(0.04)$(0.01)$(0.20)N/MAFFO per share - diluted$(0.11)$(0.04)$(0.01)$(0.19)N/MWeighted average common shares outstanding - basic47,436 40,786 45,324 39,662 14.3 %Weighted average common shares outstanding - diluted(3)48,916 42,221 45,479 40,872 11.3 %Distributions declared per common share$0.15 $0.15 $0.45 $0.45 — %Net income (loss) coverage(4)-1.73x-2.52x-4.49x-2.66xN/MFFO Coverage - diluted(4)-1.4x-0.44x-4.22x-0.40xN/MAFFO Coverage - diluted(4)-0.77x-0.27x-0.02x-0.43xN/M

69

(1)Represents the percentage change for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024.

(2)Represents one-time termination fee paid to the former NHT Adviser in connection with the termination of the NHT Advisory Agreement following the NHT Merger. Management considers this not indicative of ongoing operating performance.

(3)The Company uses actual diluted weighted average common shares outstanding when in a dilutive position for FFO and AFFO.

(4)Indicates coverage ratio of net income (loss)/FFO/AFFO per common share (diluted) over distributions declared per common share during the