Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 212

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 212
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 including but not limited to equity, mortgage debt, mezzanine debt and preferred equity. The majority of NXDT’s revenue is comprised of Rental income, Dividend income, and Interest income. The Hospitality segment is focused on operating and renovating its U.S. located hospitality assets that meet its investment objective and criteria. The majority of NHT’s revenue is comprised of revenue from renting rooms and selling food and beverages (“F&B”). Therefore, the Company has identified Diversified and Hospitality as the two operating segments and the two reportable segments. The Company’s chief operating decision maker is the president of the Company.The following table presents measures of the reportable segment measures of profitability, along with significant segment expenses (in thousands):

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For the Nine Months Ended September 30, 2025For the Nine Months Ended September 30, 2024DiversifiedHospitalityTotalDiversifiedHospitalityTotalTotal Revenues$42,947 $24,620 $67,567 $39,171 $18,124 $57,295 Less:Property operating expense4,99613,07718,0734,9289,74414,672Real estate taxes and insurance3,2221,5064,7283,4791,1744,653Advisory and administrative fees9,9823,89813,88010,14052510,665Property general and administrative expenses1,7033,2124,9152,0462,9034,949Corporate general and administrative expenses8,4227239,1456,6822,1918,873Depreciation and amortization8,5073,28811,7958,6942,71411,408Impairment loss—1,7521,752—6,1346,134Interest expense11,2269,59020,81613,3127,35820,670Equity in (income) losses of unconsolidated equity method ventures748—748558—558Change in unrealized (gains) losses from non-real estate investments77,464—77,464(2,251)—(2,251)Realized (gains) losses from non-real estate investments(4,987)—(4,987)21,876—21,876Gain on sales of real estate—(37)(37)———Income tax expense (benefit)331(754)(423)1,583(30)1,553Other segment items (