Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 67

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 67
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— — %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(3)-5.46x-3.72x35.59 %FFO Coverage - diluted(3)-4.87x0.33xN/MAFFO Coverage - diluted(3)0.4x-0.69xN/M

(1)Represents the percentage change for the three months ended March 31, 2025 compared to the three months ended March 31, 2024.

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

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

The three months ended March 31, 2025 as compared to the three months ended March 31, 2024

54

FFO was $(30.3) million for the three months ended March 31, 2025, compared to $3.1 million for the three months ended March 31, 2024, which was a decrease of approximately $33