Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 20

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 20
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/MProperty general and administrative expenses1,129 1,817 (688)-37.9 %Non-Same Store operating expenses7,357 9,541 (2,184)-22.9 %Total operating expenses8,489 10,700 (2,211)-20.7 %NOISame Store645 510 135 26.5 %Non-Same Store(1,866)1,956 (3,822)N/MTotal NOI$(1,221)$2,466 $(3,687)N/M

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

As of September 30, 2025, the properties in our Same Store pool for the three months ended September 30, 2025 and 2024 were approximately 59.7% leased with a weighted average monthly effective occupied rent per square foot of $1.18, compared to 55.2% leased with a weighted average monthly effective occupied rent per square foot of $1.16 as of September 30, 2024. As of September 30, 2025, the properties in our Same Store pool for the three months ended 

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September 30, 2025 and 2024 had an occupancy of 69.4%, compared to 65.3% as of September 30, 2024. As of September 30, 2025, the properties in our Same Store pool for the three months ended September 30, 2025 and 2024 had an Average Daily Rate (“ADR”) of $129.56, compared to $138.53 as of September 30, 2024. As of September 30, 2025, properties in our Same Store pool for the three months ended September 30, 2025 and 2024 had a Revenue per Available Room (“RevPAR”) of $89.87, compared to $90.52 as of September 30, 2024. For the properties in our Same Store pool for the three months ended September 30, 2025 and 2024, we recorded the following operating results for the three months ended September 30, 2025 and 2024.

Revenues

Rental Income. Rental income was $484.0 thousand for the three months ended September 30, 2025, compared to $364.1 thousand for the