Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 67

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1A
Chunk 67
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690

(1)Average effective monthly occupied rent per square foot is equal to the average of the contractual rent for commenced leases as of June 30, 2025, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of June 30, 2025.

(2)Percent occupied is calculated as the rentable square footage occupied as of June 30, 2025, divided by the total rentable square footage, expressed as a percentage.

(3)Cityplace is currently under development and the Company is converting part of the property into a hotel, which was still under construction as of June 30, 2025.

(4)The property's tenant vacated in the fourth quarter of 2023. The Company is currently looking into leasing out the property.

Consolidated Results of Operations for the Three and Six Months Ended June 30, 2025 and 2024 

48

The three months ended June 30, 2025 as compared to the three months ended June 30, 2024

The following tables set forth a summary of our operating results for the three months ended June 30, 2025 and 2024 (in thousands):

For the Three Months Ended June 30,20252024$ ChangeTotal revenues$21,034 $22,274 $(1,240)Total expenses(21,167)(21,681)514Operating income(133)593(726)Interest expense(6,637)(7,851)1,214Equity in income (losses) of unconsolidated ventures190196(6)Income tax expense641(303)944Change in unrealized gains (losses)(41,637)(3,154)(38,483)Realized gains (losses)3,462(3)3,465Gains on sales of real estate26—26Net income (loss)(44,088)(10,522)(33,566)Net (income) attributable to Series A preferred shareholders(1,155)(1,155)—Net (income) attributable to Series B preferred shareholders(28)— (28)Net loss attributable to noncontrolling interests— 1,894 (1,894)Net loss attributable to redeemable noncontrolling interests in the OP20 — 20 Net income (loss) attributable to common shareholders$(45,251)$(9,783)$(35,460)

The net loss for