Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 124

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 6
Chunk 124
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5 thousand, or 4.8%. The increase between the three months ended June 30, 2025 and the three months ended June 30, 2024 is related to an increase in rental revenue, which the management fee is calculated off of. 

Property general and administrative expenses. Property general and administrative expenses were $4.0 thousand for the three months ended June 30, 2025, compared to $13.5 thousand for the three months ended June 30, 2024, which was a decrease of approximately $9.5 thousand. The decrease between the three months ended June 30, 2025 and the three months ended June 30, 2024 is related to a decrease in professional fees.

58

Consolidated NOI for Our Same Store and Non-Same Store Properties for the Six Months Ended June 30, 2025 and 2024

The following table reflects the revenues, property operating expenses and NOI for the six months ended June 30, 2025 and 2024 for our Same Store and Non-Same Store properties (dollars in thousands):

For the Six Months Ended June 3020252024$ Change% ChangeRevenuesSame StoreRental income$808 $707 $101 14.3 %Same Store revenues808 707 101 14.3 %Non-Same StoreRental income6,550 7,325 (775)-10.6 %Other income541 402 139 34.6 %(1)Rooms16,631 8,200 8,431 N/MFood and beverage1,639 812 827 N/MNon-Same Store revenues25,361 16,739 8,622 N/M(1)Total revenues26,169 17,446 8,723 50.0 %(1)Operating expensesSame StoreProperty operating expenses122 88 34 38.6 %Real estate taxes and insurance140 146 (6)-4.1 %Property management fees41 38 3 7.9 %Property general and administrative expenses10 17 (7)-41.2 %Same Store operating expenses313 288 25 8.7 %Non-Same StoreProperty operating expenses12,362 8,246 4,116 49.9 %(1)Real estate taxes and insurance3,274 2,868 406 14.2