Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 123

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 6
Chunk 123
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26 — 26 — %NOISame Store317 247 70 28.3 %Non-Same Store1,667 2,182 (515)-23.6 %Total NOI$1,984 $2,428 $(444)-18.3 %

Consolidated Same Store Results of Operations for the Three 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 

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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 three months ended June 30, 2025 and 2024.

Revenues

Rental Income. Rental income was $0.4 million for the three months ended June 30, 2025, compared to $0.4 million for the three months ended June 30, 2024. 

Expenses

Property operating expenses. Property operating expenses were $58.0 thousand for the three months ended June 30, 2025, compared to $39.0 thousand for the three months ended June 30, 2024, which was an increase of approximately $19.0 thousand or 48.7%. The majority of the increase between the three months ended June 30, 2025 and the three months ended June 30, 2024 is related to an increase in repair and maintenance fees.

Real estate taxes and insurance. Real estate taxes and insurance costs were $74.0 thousand for the three months ended June 30, 2025, compared to $66.1 thousand for the three months ended June 30, 2024, which was a decrease of approximately $7.9 thousand or 12.1%. The majority of the decrease between the three months ended June 30, 2025 and the three months ended June 30, 2024 is related to a decrease in the property tax budget.

Property management fees. Property management fees were $22.0 thousand for the three months ended June 30, 2025, compared to $20.5 thousand for the three months ended June 30, 2024, which was an increase of approximately $1.