Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 133

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 6
Chunk 133
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 our future cash requirements. Further, our computation of FFO and AFFO may not be comparable to FFO and AFFO reported by other REITs that do not define FFO in accordance with the current NAREIT definition or that interpret the current NAREIT definition or define AFFO differently than we do.

The following table reconciles our calculations of FFO and AFFO to net income (loss), the most directly comparable GAAP financial measure, for the nine months ended September 30, 2025 and 2024 (in thousands, except per share amounts):

68

For the Three Months Ended September 30,For the Three Months Ended September 30,For the Nine Months Ended September 30For the Nine Months Ended September 302025202420252024% Change  (1)Net income (loss)$(12,317)$(15,420)$(91,511)$(47,490)N/MDepreciation and amortization3,858 4,510 11,795 11,408 3.4 %Realized (gains) losses(6)1 (4,987)21,876 N/MGain on sales of real estate— — (37)— — %Impairment loss— 6,134 1,752 6,134 N/MAdjustment for noncontrolling interests— 3,065 615 4,331 N/MAdjustment for redeemable noncontrolling interests in the OP5 — 25 — — %FFO(8,460)(1,710)(82,348)(3,741)N/MDistributions to Series A preferred shareholders(1,155)(1,155)(3,465)(3,465)— %Distributions to Series B preferred shareholders(220)— (250)— — %FFO attributable to common shareholders(9,835)(2,865)(86,063)(7,206)N/MFFO per share - basic$(0.21)$(0.07)$(1.90)$(0.18)N/MFFO per share - diluted$(0.21)$(0.07)$(1.90)$(0.18)N/MEquity-based compensation expense 1,138 414 3,605 2,193 N/MAmortization of deferred financing costs - long term debt575 (133)914 (580)