Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 81

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1A
Chunk 81
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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)$(32,145)Operating expenses2,2825,0757,3579,33219,10328,435Operating income————(37)(37)Same Store NOI$310 $335 $645 $803 $— $803 

(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.

63

Consolidated NOI for Our Same Store and Non-Same Store Properties for the Three Months Ended September 30, 2025 and 2024

The following table reflects the revenues, property operating expenses and NOI for the three months ended September 30, 2025 and 2024 for our Same Store and Non-Same