Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 140

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 5
Chunk 140
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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.

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Table of Contents

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 NHT.

Advisory and administrative fees. For the three months ended March 31, 2025, the Company incurred administrative fees and advisory fees of $3.6 million. For the three months ended March 31, 2024, the Company incurred administrative fees and advisory fees of $3.2 million. The increase between the three months ended March 31, 2025 and the three months ended March 31, 2024, is primarily due to