Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 78

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1A
Chunk 78
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,904)(23,939)(17,635)Realized (gains) losses from non-real estate investments(3,462)3 (4,981)21,875 Change in unrealized (gains) losses from non-real estate investments41,637 3,154 74,959 (3,136)Equity in (income) losses of unconsolidated equity method ventures(190)(196)167 958 Impairment loss— — 1,752 — NOI$1,984 $2,429 $5,795 $2,844 Less Non-Same StoreRevenues$(10,582)$(12,986)$(25,361)$(16,739)Operating expenses8,941 10,805 20,098 14,312 Operating income(26)— (37)— Same Store NOI$317 $247 $495 $418 

(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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The following table, which has not been adjusted for the effects of NCI, reconciles our NOI for each of our segments for the three and six months ended June 30, 2025 to net income (loss), the most directly comparable GAAP financial measure by reportable segment (in thousands):

For the Three Months Ended June 30,For the Six Months Ended June 30,20252025DiversifiedHospitalityTotalDiversifiedHospitalityTotalNet 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 (g