Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1686

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1686
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 and 2023.

Revenues

Rental Income. Rental income was $0.4 million for the three months ended September 30, 2024, compared to $0.4 million for the three months ended September 30, 2023.

Expenses

Property operating expenses. Property operating expenses were $38.2 thousand for the three months ended September 30, 2024, compared to $34.5 thousand for the three months ended September 30, 2023, which was an increase of approximately $3.7 thousand or 10.7%. The majority of the increase between the three months ended September 30, 2024 and the three months ended September 30, 2023 is related to an increase in repair and maintenance fees.

Real estate taxes and insurance. Real estate taxes and insurance costs were $65.4 thousand for the three months ended September 30, 2024, compared to $78.5 thousand for the three months ended September 30, 2023, which was a decrease of approximately $13.1 thousand or 16.7%. The majority of the decrease between the three months ended September 30, 2024 and the three months ended September 30, 2023 is related to a decrease in the property tax budget.

Property management fees. Property management fees were $20.3 thousand for the three months ended September 30, 2024, compared to $19.6 thousand for the three months ended September 30, 2023, which was an increase of approximately $0.7 thousand, or 3.4%. The increase between the three months ended September 30, 2024 and the three months ended September 30, 2023 is related to an increase in rental revenue, which the management fee is calculated off of.

Property general and administrative expenses. Property general and administrative expenses were $39.3 thousand for the three months ended September 30, 2024, compared to $29.6 thousand for the three months ended September 30, 2023, which was an increase of approximately $9.7 thousand or 32.7%. The decrease between the three months ended September 30, 2024 and the three months ended September 30, 2023 is related to an increase in professional fees.

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I-1335</div>

Consolidated NOI for Our Same Store and Non-Same Store Properties for the Nine Months Ended September