Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 69

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1A
Chunk 69
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GI PropertyUpscaleSelect-Service1995/2016240HyattPark City, UtahPark CityUpscaleFull-Service2016122Hampton Inn & SuitesBradenton, FloridaBradentonUpscaleSelect-Service1926/2016119MarriottSt. Petersburg, FloridaSt. Pete PropertyUpper UpscaleFull-Service2001/2021209Total Rooms:690

(1)Average effective monthly occupied rent per square foot is equal to the average of the contractual rent for commenced leases as of September 30, 2025, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of September 30, 2025.

(2)Percent occupied is calculated as the rentable square footage occupied as of September 30, 2025, divided by the total rentable square footage, expressed as a percentage.

(3)Cityplace is currently under development and the Company is converting part of the property into a hotel, which was still under construction as of September 30, 2025.

(4)The property's tenant vacated in the fourth quarter of 2023. The Company is currently looking into leasing out the property.

Consolidated Results of Operations for the Three and Nine Months Ended September 30, 2025 and 2024 

55

The three months ended September 30, 2025 as compared to the three months ended September 30, 2024

The following tables set forth a summary of our operating results for the three months ended September 30, 2025 and 2024 (in thousands):

For the Three Months Ended September 30,20252024$ ChangeTotal revenues$17,459 $22,216 $(4,757)Total expenses(20,788)(28,162)7,374Operating income(3,329)(5,946)2,617Interest expense(6,903)(8,288)1,385Equity in income (losses) of unconsolidated ventures(581)400(981)Income tax (expense) benefit995(700)1,695Change in unrealized gains (losses)(2,505)(885)(1,620)Realized gains (losses)6(1)7Gains on sales of real estate———Net income (loss)(12,317)(15,420)3,103Net (income) attributable to Series A preferred shareholders(1,155)(1,155)—