Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 103

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1A
Chunk 103
---
 revenue. Rooms revenue was $10.4 million for the three months ended March 31, 2025. All rooms revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Food and beverage revenue. F&B revenue was $0.9 million for the three months ended March 31, 2025. 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 $13.9 million for the three months ended March 31, 2025, compared to $8.7 million for the three months ended March 31, 2024, which was an increase of approximately $5.2 million. The increase between the periods was attributed to an increase in dividends from equity investments. 

Other income. Other income was approximately $278.0 thousand for the three months ended March 31, 2025, compared to $27.0 thousand for the three months ended March 31, 2024, which was an increase of approximately $251.0 thousand. The increase between the periods was primarily due to the NHT consolidation.

Expenses

Property operating expenses. Property operating expenses were $7.0 million for the three months ended March 31, 2025, compared to $1.6 million for the three months ended March 31, 2024, which was an increase of approximately $5.4 million. The increase between the periods was primarily due to the NHT consolidation.

Property management fees. Property management fees were $0.5 million for the three months ended March 31, 2025, compared to $0.2 million for the three months ended March 31, 2024, which was an increase of approximately $0.3 million. The increase between the periods was primarily due to the NHT consolidation.

46

Real estate taxes and insurance. Real estate taxes and insurance costs were $1.8 million for the three months ended March 31, 2025, compared to $1.2 million for the three months ended March 31, 2024, which was an increase of approximately $0.6 million. Real estate taxes and insurance expenses consist primarily of expenses from our investment in Cityplace and our hospitality properties. The increase between the periods was primarily due to the consolidation of