Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 124

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1A
Chunk 124
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 of issuance. As of March 31, 2025, the net carrying amount of the convertible notes due to affiliates of the NHT Adviser was $50.7 million.

59

Obligations, Commitments and Investment Opportunities

The following table summarizes our contractual obligations and commitments as of March 31, 2025 for the next five calendar years subsequent to March 31, 2025.

Payments Due by Period (in thousands)Total20252026202720282029ThereafterProperty Level DebtPrincipal payments$266,680 $79,454 $177,226 $— $— $10,000 $— Interest expense18,898 13,092 3,217 1,000 1,000 589 — Total$285,578 $92,546 $180,443 $1,000 $1,000 $10,589 $— Prime Brokerage BorrowingPrincipal payments$1,242 $— $— $— $— $— $1,242 (1)Interest expense285 45 60 60 60 60 — (1)Total$1,527 $45 $60 $60 $60 $60 $1,242 Series A Preferred SharesDistribution paymentsN/A(2)$— $1,733 $2,310 $2,310 $2,310 N/A(2)Series B Preferred SharesDistribution paymentsN/A(2)$— $6 $8 $8 $8 N/A(2)Credit FacilityPrincipal payments$82,471 $24,485 $— $20,500 $— $— $37,486 Interest expense26,426 2,442 2,541 1,574 1,413 1,413 17,043 Total$108,897 $26,927 $2,541 $22,074 $1,413 $1,413 $54,529 Total contractual obligations and commitments$396,002 $119,518 $184,783 $25,452 $4,791 $14,380 $55,771 

(1)Assumes no additional borrowings or repayments. The Prime Brokerage (as defined below) balance has no stated maturity