Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 194

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 194
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 September 30,2025202420252024Numerator for loss per share:Net income (loss) attributable to common shareholders$(13,687)$(10,037)$(93,256)$(42,523)Denominator for loss per share:Weighted average common shares outstanding47,43640,78645,32439,662Denominator for basic loss per share47,43640,78645,32439,662Weighted average unvested restricted share units2,4641,4351,9501,210Weighted average number of common shares from assumed conversion of Series B Preferred Shares1,480—129—Denominator for diluted loss per share(1)47,43640,78645,32439,662Loss per weighted average common share:Basic$(0.29)$(0.25)$(2.06)$(1.07)Diluted$(0.29)$(0.25)$(2.06)$(1.07)(1)    If the Company sustains a net loss for the period presented, unvested restricted share units and convertible Series B Preferred Shares are not included in the diluted earnings per share calculation.

13. Related Party Transactions

Advisory and Administrative Fees, NXDTPursuant to the Advisory Agreement, subject to the overall supervision of our Board, the Adviser manages the day-to-day operations of the Company and provides investment management services.As of September 30, 2025 and 2024, as consideration for the Adviser’s services under the Advisory Agreement, we pay our Adviser an annual fee (the "Advisory Fee") of 1.00% of Managed Assets (defined below) and an annual fee (the "Administrative Fee" and, together with the Advisory Fee, the "Fees") of 0.20% of the Company’s Managed Assets.On July 22, 2024, we entered into an amendment to the Advisory Agreement whereby the monthly installment of the Administrative Fee shall be paid in cash and the monthly installment of the Advisory Fee shall be paid in one-half in cash and one-half in common shares of the Company, subject to certain restrictions including that in no event shall the common shares issued to the Adviser under the Advisory Agreement exceed five percent of the number of common shares or five percent of the voting power of the Company outstanding prior to the first such issuance (the “Share Cap”) and that in no event shall the common shares issued to the Adviser under