Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1803

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1803
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 June 30, 2024. All F&B revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Interest and dividends. Interest and dividends totaled $8.9 million for the three months ended June 30, 2024, compared to $8.4 million for the three months ended June 30, 2023, which was an increase of approximately $0.5 million. The increase between the periods was primarily due to an increase in dividend income.

Other income. Other income was approximately $373.0 thousand for the three months ended June 30, 2024, compared to $22.0 thousand for the three months ended June 30, 2023, which was an increase of approximately $351.0 thousand. The increase between the periods was primarily due to the consolidation of NHT.

Expenses

Property operating expenses. Property operating expenses were $6.8 million for the three months ended June 30, 2024, compared to $2.5 million for the three months ended June 30, 2023, which was an increase of approximately $4.3 million. The increase between the periods was primarily due to the consolidation of NHT.

Property management fees.Property management fees were $0.2 million for the three months ended June 30, 2024, compared to $0.2 million for the three months ended June 30, 2023.

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Real estate taxes and insurance. Real estate taxes and insurance costs were $1.8 million for the three months ended June 30, 2024, compared to $1.3 million for the three months ended June 30, 2023, which was an increase of approximately $0.5 million. Real estate taxes and insurance expenses consist primarily of expenses from our investment in Cityplace Tower. The increase between the periods was primarily due to the consolidation of NHT.

Advisory and administrative fees. For the three months ended June 30, 2024, the Company incurred administrative fees and advisory fees of $3.4 million. For the three months ended June 30, 2023, the Company incurred administrative fees and advisory fees of $3.6 million, inclusive of $0.4 million in expenses that were waived and cannot be recouped by the Adviser. The Expense Cap expired on June 30, 2023. The decrease between