Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 125

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 6
Chunk 125
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 %(1)Property management fees865 324 541 N/M(1)Property general and administrative expenses3,597 2,875 722 25.1 %(1)Non-Same Store operating expenses20,098 14,312 5,786 40.4 %(1)Total operating expenses20,411 14,601 5,810 39.8 %(1)Operating incomeNon-Same StoreRealized gains (losses)37 — 37 — %Total operating income37 — 37 — %NOISame Store495 419 76 18.1 %Non-Same Store5,300 2,426 2,874 N/M(1)Total NOI$5,795 $2,845 $2,950 N/M(1)

59

(1)Denotes that the significant percentage change in the current period comparison is primarily attributed to the consolidation of NHT.

See reconciliation of net income (loss) to NOI above under “Consolidated NOI and Same Store NOI for the Six Months Ended June 30, 2025 and 2024.”

Consolidated Same Store Results of Operations for the Six Months Ended June 30, 2025 and 2024

As of June 30, 2025, our Same Store properties were approximately 59.7% leased with a weighted average monthly effective occupied rent per square foot of $1.18, compared to 51.5% leased with a weighted average monthly effective occupied rent per square foot of $1.14 as of June 30, 2024. For our Same Store properties, we recorded the following operating results for the six months ended June 30, 2025 and 2024.

Revenues

Rental Income. Rental income was $808.0 thousand for the six months ended June 30, 2025, compared to $707.4 thousand for the six months ended June 30, 2024, which is an increase of approximately $100.6 thousand or 14.3%. The majority of the increase between the six months ended June 30, 2025 and the six months ended June 30, 2024 is due to an increase in occupancy at White Rock Center.

Expenses

Property operating expenses. Property operating expenses were $122.0 thousand for the six months ended June 30, 2025, compared to $88.0