Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 186

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 186
---
 the LTIP.Diluted earnings (loss) per share is computed by adjusting basic earnings per share for the dilutive effect of the assumed vesting of restricted share units. During periods of net loss, the assumed vesting of restricted share units is anti-dilutive and is not included in the calculation of earnings (loss) per share.The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Numerator for loss per share:Net income (loss) attributable to common shareholders$(45,251)$(9,783)$(79,569)$(32,486)Denominator for loss per share:Weighted average common shares outstanding45,68739,61644,30339,094Denominator for basic loss per share45,68739,61644,30339,094Weighted average unvested restricted share units2,0161,4351,6941,210Weighted average number of common shares from assumed conversion of Series B Preferred Stock184—14—Denominator for diluted loss per share(1)45,68739,61644,30339,094Loss per weighted average common share:Basic$(0.99)$(0.24)$(1.80)$(0.83)Diluted$(0.99)$(0.24)$(1.80)$(0.83)(1)    If the Company sustains a net loss for the period presented, unvested restricted share units and convertible Series B Preferred Shares are not included in the diluted earnings per share calculation.

13. Related Party Transactions

Advisory and Administrative Fees, NXDTPursuant to the Advisory Agreement, subject to the overall supervision of our Board, the Adviser manages the day-to-day operations of the Company and provides investment management services.As of June 30, 2025 and 2024, as consideration for the Adviser’s services under the Advisory Agreement, we pay our Adviser an annual fee (the "Advisory Fee") of 1.00% of Managed Assets (defined below) and an annual fee (the "Administrative Fee" and, together with the Advisory Fee, the "Fees") of 0.20% of the Company’s Managed Assets.On July 22, 2024, we entered into an amendment to the Advisory Agreement whereby the monthly installment of the