Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 19

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 19
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)$(32,145)Operating expenses2,2825,0757,3579,33219,10328,435Operating income————(37)(37)Same Store NOI$310 $335 $645 $803 $— $803 

(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.

63

Consolidated NOI for Our Same Store and Non-Same Store Properties for the Three Months Ended September 30, 2025 and 2024

The following table reflects the revenues, property operating expenses and NOI for the three months ended September 30, 2025 and 2024 for our Same Store and Non-Same Store properties (dollars in thousands):

For the Three Months Ended September 3020252024$ Change% ChangeRevenuesSame StoreRental income$484 $364 $120 33.0 %Rooms1,013 1,034 (21)-2.0 %Food and beverage112 98 14 13.8 %Other income168 172 (4)-2.2 %Same Store revenues1,777 1,668 99 6.5 %Non-Same StoreRental income1,132 4,083 (2,951)N/MRooms3,745 6,246 (2,501)-40.0 %Food and beverage441 435 6 1.4 %Other income173 733 (560)N/MNon-Same Store revenues5,491 11,497 (6,006)N/MTotal revenues7,268 13,165 (5,897)-44.8 %Operating expensesSame StoreProperty operating expenses766 748 18 2.4 %Real estate taxes and insurance131 119 12 10.1 %Property management fees56 52 4 7.7 %Property general and administrative expenses179 240 (61)-25.4 %Same Store operating expenses1,132 1,159 (27)-2.3 %Non-Same StoreProperty operating expenses4,799 5,591 (792)-14.2 %Real estate taxes and insurance1,183 1,520 (337)-22.2 %Property management fees246 613 (367)N