Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 101

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 101
---
 $15.7 million for the year ended December 31, 2024, compared to $20.3 million for the year ended December 31, 2023, which was a decrease of approximately $4.6 million. The decrease between the periods was primarily due to a decrease in occupancy at Cityplace.

Rooms revenue. Rooms revenue was $24.9 million for the year ended December 31, 2024. All rooms revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Food and beverage revenue. F&B revenue was $2.2 million for the year ended December 31, 2024. All F&B revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Interest and dividends. Interest and dividends totaled $36.6 million for the year ended December 31, 2024, compared to $42.7 million for the year ended December 31, 2023, which was a decrease of approximately $6.1 million. The decrease between the periods was attributed to a decrease in dividends from equity investments. 

Other income. Other income was approximately $3.8 million for the year ended December 31, 2024, compared to $0.3 million for the year ended December 31, 2023, which was an increase of approximately $3.5 million. The increase between the periods was primarily due to the NHT consolidation.

Expenses

Property operating expenses. Property operating expenses were $22.3 million for the year ended December 31, 2024, compared to $7.5 million for the year ended December 31, 2023, which was an increase of approximately $14.8 million. The increase between the periods was primarily due to the NHT consolidation.

Property management fees. Property management fees were $1.5 million for the year ended December 31, 2024, compared to $0.7 million for the year ended December 31, 2023, which was an increase of approximately $0.8 million. The increase between the periods was primarily due to the NHT consolidation.

Real estate taxes and insurance. Real estate taxes and insurance costs were $6.5 million for the year ended December 31, 2024, compared to $4.4 million for the year ended December