Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 86

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1A
Chunk 86
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,143 969 174 18.0 %(1)Property general and administrative expenses4,896 4,893 3 0.1 %(1)Non-Same Store operating expenses28,435 24,849 3,586 14.4 %(1)Total operating expenses28,924 25,300 3,625 14.3 %(1)Operating incomeNon-Same StoreRealized gains (losses)37 — 37 — %Total operating income37 — 37 — %NOISame Store803 621 182 29.3 %Non-Same Store3,747 4,691 (944)-20.1 %(1)Total NOI$4,550 $5,311 $(762)-14.3 %(1)

66

(1)Denotes that the significant percentage change in the current period comparison is primarily attributed to the consolidation of NHT.

See reconciliation of net income (loss) to NOI above under “Consolidated NOI and Same Store NOI for the Nine Months Ended September 30, 2025 and 2024.”

Consolidated Same Store Results of Operations for the Nine Months Ended September 30, 2025 and 2024

As of September 30, 2025, the properties in our Same Store pool for the nine months ended September 30, 2025 and 2024 were approximately 59.7% leased with a weighted average monthly effective occupied rent per square foot of $1.18, compared to 55.2% leased with a weighted average monthly effective occupied rent per square foot of $1.16 as of September 30, 2024. For the properties in our Same Store pool for the nine months ended September 30, 2025 and 2024, we recorded the following operating results for the nine months ended September 30, 2025 and 2024.

Revenues

Rental Income. Rental income was $1,292.0 thousand for the nine months ended September 30, 2025, compared to $1,071.5 thousand for the nine months ended September 30, 2024, which is an increase of approximately $221.0 thousand or 20.6%. The majority of the increase between the nine months ended September 30, 2025 and the nine months ended September 30, 2024 is due to an increase in occupancy at