Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 1335

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1335
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 items (2)7347571,4911,929Net loss$(38,488)$(18,085)$(56,573)$(117,241)The following table presents total assets for the reportable segments (in thousands):As of December 31, 2024As of December 31, 2023NexPoint Diversified Real Estate TrustNexPoint Hospitality TrustTotalNexPoint Diversified Real Estate Trust (1)Total assets$1,039,392 $185,447 $1,224,839 $1,098,336 (1)For the year ended December 31, 2023, the Company only had 1 reportable segment, NXDT.(2)Other segment items includes: Property management fees and conversion expenses.

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18. Subsequent Events

Distributions DeclaredOn February 18, 2025, the Board approved a quarterly distribution of $0.15 per common share, payable on March 31, 2025 to shareholders of record on March 14, 2025. The distribution on the Company’s common shares consists of a combination of cash and shares, with the cash component of the distribution (other than cash paid in lieu of fractional shares) not to exceed 20% in the aggregate, with the balance being paid in the Company’s common shares. Also on February 18, 2025, the Board approved a quarterly distribution of $0.34375 per Series A Preferred Share, payable on March 31, 2025 to shareholders of record on March 24, 2025.  On February 18, the Board approved monthly distributions of $0.1875 per 9.00% Series B Cumulative Redeemable Preferred Share each, payable on March 5, 2025 and April 7, 2025 to shareholders of record on February 25, 2025 and March 25, 2025, respectively.NXHT Promissory Note InterestOn January 2, 2025, NXHT repaid $3.0 million of outstanding interest on a promissory note with a subsidiary of the Company.Semiconductor DSTOn January 2, 2025, the Company, through a subsidiary, contributed $3.0 million to Semiconductor DST, in exchange for LLC interests. Held for Sale, Plano Homewood SuitesThe Company sold its held for sale property, Plano Homewood Suites, on January 24, 202