Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 79

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1A
Chunk 79
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ains) losses from non-real estate investments(3,462)—(3,462)(4,981)—(4,981)Change in unrealized (gains) losses from non-real estate investments41,637—41,63774,959—74,959Equity in (income) losses of unconsolidated equity method ventures(190)—(190)167—167Impairment loss————1,7521,752NOI$747 $1,237 $1,984 $1,516 $4,279 $5,795 Less Non-Same StoreRevenues$(14,791)$4,209 $(10,582)$(18,330)$(7,031)$(25,361)Operating expenses3,2825,6598,9416,66113,43620,097Operating income—(26)(26)—(37)(37)Same Store NOI$(10,762)$11,079 $317 $(10,153)$10,648 $495 

(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.

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

There are two properties, White Rock Center and 5916 W Loop 289, in our same store pool for the three months ended June 30, 2025, and 2024 (our "Same Store" properties). Our Same Store properties exclude Cityplace Tower as of June 30, 2025 and 2024, because it was not yet stabilized, meaning construction or renovation was not completed. Non-Same Store properties include properties not yet stabilized. Our Same Store properties also exclude the Hospitality segment, as the properties in that segment were not held in the full comparable period.

The following table reflects the revenues, property operating expenses and NOI for the three months ended June 30, 2025 and 2024 for our Same Store and Non-Same Store properties (dollars in thousands):

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For the Three Months Ended June 3020252024$ Change% ChangeRevenuesSame StoreRental income$449 $386 $63 16.3 %Same Store revenues449 386 63 16.3 %Non-Same StoreRental income3,264 3