Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 121

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 6
Chunk 121
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HospitalityTotalNet loss$(40,485)$(3,603)$(44,088)$(71,395)$(7,799)$(79,194)Adjustments to reconcile net loss to NOI:Advisory and administrative fees3,4223,5987,0206,7643,89810,662Corporate general and administrative expenses3,222(2,202)1,0205,577(1,630)3,947Income tax expense(478)(163)(641)48488572Depreciation and amortization2,9291,0994,0285,7212,2167,937Interest expense3,7872,8506,6377,5136,40013,913Non-operating property investment revenue¹(9,635)(342)(9,977)(23,293)(646)(23,939)Realized (gains) 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.

55

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