Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 324

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 324
---
,359,593 shares issued and outstanding3 3 Common shares, $0.001 par value: unlimited shares authorized; 42,679,569 and 38,389,600 shares issued and outstanding, respectively43 38 Additional paid-in capital1,039,280 1,011,613 Accumulated earnings (loss)(202,818)(126,580)Total Shareholders' Equity836,508 885,074 Noncontrolling interests(2,970)— Total Equity833,538 885,074 TOTAL LIABILITIES AND EQUITY$1,224,839 $1,098,336 

See Notes to Consolidated Financial Statements 

99

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS 

AND COMPREHENSIVE INCOME (LOSS) 

(in thousands, except per share amounts)

For the Year Ended December 3120242023Revenues Rental income ($271 and $222, with related parties, respectively)$15,678 $20,309 Rooms24,902 — Food and beverage2,200 — Interest income  ($2,600 and $2,514 with related parties, respectively)7,216 7,029 Dividend income ($28,528 and $26,103 with related parties, respectively)29,430 35,638 Other income3,796 308 Total revenues83,222 63,284 Expenses Property operating expenses ($260 and $0 with related parties, respectively)22,255 7,489 Property management fees ($734 and $726 with related parties, respectively)1,491 726 Real estate taxes and insurance6,544 4,377 Advisory and administrative fees14,165 11,740 Property general and administrative expenses ($271 and $222 with related parties, respectively)7,405 4,250 Corporate general and administrative expenses12,803 7,981 Conversion expenses— 1,203 Depreciation and amortization15,600 13,937 Impairment loss7,110 — Total expenses87,373 51,703 Operating income (loss)(4,151)11,581 Interest expense(28,352)(15,902)Equity in income (losses) of unconsolidated equity method ventures ($649 and $624