Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 396

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 396
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 operate its portfolio of income-producing hotel properties. The majority of NHT’s revenue is 

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comprised of revenue from renting rooms and selling food and beverages (“F&B”). Therefore, the Company has identified NXDT and NHT as the two operating segments and the two reportable segments. The Company’s chief operating decision maker is the president of the Company.The following table presents measures of the reportable segment measures of profitability, along with significant segment expenses (in thousands):For the Year Ended December 31, 2024For the Year Ended December 31, 2023NexPoint Diversified Real Estate TrustNexPoint Hospitality TrustTotalNexPoint Diversified Real Estate Trust (1)Total Revenues$52,990 $30,232 $83,222 $63,284 Less:Advisory and administrative fees13,28687914,16511,740Corporate general and administrative expenses9,9472,85612,8037,981Real estate taxes and insurance4,8361,7086,5444,377Property operating expense6,51715,73822,2557,489Interest expense17,44310,90928,35215,902Realized (gains) losses from non-real estate investments21,479—21,4791,634Change in unrealized (gains) losses from non-real estate investments1,348—1,348108,249Property general and administrative expenses2,8784,5277,4054,250Impairment loss—7,1107,110—Income tax expense (benefit)1,441(69)1,3722,731Depreciation and amortization11,6983,90215,60013,937Equity in (income) losses of unconsolidated equity method ventures(129)—(129)306Other segment items (2)7347571,4911,929Net loss$(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