Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 18

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 18
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venues$(5,491)$(11,497)$(32,145)$(29,540)Operating expenses7,357 9,540 28,435 24,849 Operating income— — (37)— Same Store NOI$645 $510 $803 $620 

(1)Non-operating property investment revenue is defined as revenue included in the consolidated financial statements that are from non-operating properties such as dividend income and interest income.

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The following table, which has not been adjusted for the effects of NCI, reconciles our NOI for each of our segments for the three and nine months ended September 30, 2025 to net income (loss), the most directly comparable GAAP financial measure by reportable segment (in thousands):

For the Three Months Ended September 30,For the Nine Months Ended September 30,20252025DiversifiedHospitalityTotalDiversifiedHospitalityTotalNet loss$(7,173)$(5,144)$(12,317)$(78,569)$(12,942)$(91,511)Adjustments to reconcile net loss to NOI:Non-operating property investment revenue (1)(9,772)(394)(10,166)(33,089)(1,040)(34,129)Advisory and administrative fees3,218—3,2189,9823,89813,880Corporate general and administrative expenses2,8452,3535,1988,4227239,145Depreciation and amortization2,7861,0723,8588,5073,28811,795Impairment loss————1,7521,752Interest expense3,7133,1906,90311,2269,59020,816Equity in (income) losses of unconsolidated equity method ventures581—581748—748Change in unrealized (gains) losses from non-real estate investments2,505—2,50577,464—77,464Realized (gains) losses from non-real estate investments(6)—(6)(4,987)—(4,987)Income tax expense(153)(842)(995)331(754)(423)NOI$(1,456)$235 $(1,221)$35 $4,515 $4,550 Less Non-Same StoreRevenues$(516)$(4,975)$(5,491)$(8,564)$(23,581