Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 84

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1A
Chunk 84
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 2024 is related to a lower ADR and RevPAR.

Food and Beverage. Food and Beverage income was $111.5 thousand for the three months ended September 30, 2025, compared to $98.1 thousand for the three months ended September 30, 2024, which was an increase of approximately $14.0 thousand or 13.8%. The majority of the increase between the three months ended September 30, 2025 and the three months ended September 30, 2024 is related to an increase in occupancy at Park City.

Other Income. Other income was $168.2 thousand for the three months ended September 30, 2025, compared to $172.2 thousand for the three months ended September 30, 2024, which was a decrease of approximately $4.0 thousand or 2.2%. The majority of the decrease between the three months ended September 30, 2025 and the three months ended September 30, 2024 is related to a decrease in room damage revenue.

Expenses

Property operating expenses. Property operating expenses were $766.0 thousand for the three months ended September 30, 2025, compared to $747.6 thousand for the three months ended September 30, 2024, which was an increase of approximately $18.0 thousand or 2.4%. The majority of the increase between the three months ended September 30, 2025 and the three months ended September 30, 2024 is related to an increase in repair and maintenance fees.

Real estate taxes and insurance. Real estate taxes and insurance costs were $131.0 thousand for the three months ended September 30, 2025, compared to $118.7 thousand for the three months ended September 30, 2024, which was an increase of approximately $12.0 thousand or 10.1%. The majority of the increase between the three months ended September 30, 2025 and the three months ended September 30, 2024 is related to an increase in the property tax budget.

Property management fees. Property management fees were $56.0 thousand for the three months ended September 30, 2025, compared to $52.3 thousand for the three months ended September 30, 2024, which was an increase of approximately $4.0 thousand, or 7.7%. The increase between the three months ended September 30, 2025 and the