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

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 25
---
 cash requirements. Further, our computation of FFO and AFFO may not be comparable to FFO and AFFO reported by other REITs that do not define FFO in accordance with the current NAREIT definition or that interpret the current NAREIT definition or define AFFO differently than we do.

The following table reconciles our calculations of FFO and AFFO to net income (loss), the most directly comparable GAAP financial measure, for the six months ended June 30, 2025 and 2024 (in thousands, except per share amounts):

61

For the Three Months Ended June 30,For the Three Months Ended June 30,For the Six Months Ended June 30For the Six Months Ended June 302025202420252024% Change  (1)Net income (loss)$(44,088)$(10,522)$(79,194)$(32,070)N/MDepreciation and amortization4,028 4,102 7,937 6,898 15.1 %Realized (gains) losses(3,498)3 (5,018)21,875 N/MImpairment loss— — 1,752 — — %Adjustment for noncontrolling interests— 1,266 615 1,266 N/MAdjustment for redeemable noncontrolling interests in the OP20 — 20 — — %FFO(43,538)(5,151)(73,888)(2,031)N/MDistributions to Series A preferred shareholders(1,155)(1,155)(2,310)(2,310)— %Distributions to Series B preferred shareholders(28)— (30)— — %FFO attributable to common shareholders(44,721)(6,306)(76,228)(4,341)N/MFFO per share - basic$(0.99)$(0.16)$(1.72)$(0.11)N/MFFO per share - diluted$(0.99)$(0.16)$(1.72)$(0.11)N/MEquity-based compensation expense 1,663 1,232 2,467 1,779 38.7 %Amortization of deferred financing costs - long term debt196 (176)339 (447)N/MChange in unrealized (gains) losses41,637