Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 804

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 804
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 (in thousands, except per share amounts):

83

For the Year Ended December 31For the Year Ended December 3120242023% Change  (1)Net income (loss)$(56,573)$(117,241)N/MDepreciation and amortization15,600 13,937 11.9 %Realized (gains) losses21,479 1,634 N/MImpairment loss7,110 — — %Adjustment for noncontrolling interests4,739 — — %FFO(7,645)(101,670)N/MDistributions to preferred shareholders(4,619)(4,619)— %FFO attributable to common shareholders(12,264)(106,289)N/MFFO per share - basic$(0.30)$(2.85)N/MFFO per share - diluted$(0.30)$(2.85)N/MEquity-based compensation expense 3,010 1,344 N/MAmortization of deferred financing costs - long term debt(696)(776)-10.3 %Change in unrealized (gains) losses1,348 108,249 N/MAFFO attributable to common shareholders(8,602)2,528 N/MAFFO per share - basic$(0.21)$0.07 N/MAFFO per share - diluted$(0.21)$0.07 N/MWeighted average common shares outstanding - basic40,229 37,334 7.8 %Weighted average common shares outstanding - diluted(2)41,498 37,773 9.9 %Distributions declared per common share$0.60 $0.60 — %Net income (loss) coverage(3)-2.34x-5.23xN/MFFO Coverage - diluted(3)-0.5x-4.75xN/MAFFO Coverage - diluted(3)-0.35x0.11xN/M

(1)Represents the percentage change for the year ended December 31, 2024 compared to the year ended December 31, 2023.

(2)The Company uses actual diluted weighted average common shares outstanding when in a dilutive position for FFO and AFFO.

(3)Indicates coverage ratio of net income (loss)/FFO/AFFO per common share