Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 704

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 704
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60 per share)—— 1,072,1731 8,993 (22,667)(13,673)Series A preferred shares distributions declared ($1.3750 per share)—— —— — (4,619)(4,619)Balances, December 31, 20233,359,593$3 38,389,600$38 $1,011,613 $(126,580)$885,074 

See Notes to Consolidated Financial Statements

102

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

For the Year Ended December 31, 20242023Cash flows from operating activitiesNet loss$(56,573)$(117,241)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization15,600 13,937 Amortization of intangible lease assets and liabilities(1,018)(1,217)Amortization of deferred financing costs696 776 Amortization of fair value adjustment of assumed debt1,140 — Paid-in-kind interest ($(5,845) and $(1,893) with related parties, respectively)(10,089)(5,952)Proceeds from paid-in-kind interest2,517 3,730 Net cash received on derivative settlements932 — Realized loss21,479 1,634 Net change in unrealized (gain) loss on investments held at fair value ($18,829 and $112,717 with related parties, respectively)1,348 108,249 Unrealized (gain) loss on interest rate derivatives(27)— Impairment loss7,110 — Equity in (income) losses of unconsolidated ventures ($(649) and $624 with related parties, respectively)(129)306 Distributions of earnings from unconsolidated ventures ($761 and $817 with related parties, respectively)5,403 4,087 Stock-based compensation expense3,010 1,344 Cash paid for life settlement premiums— (3,355)Equity security dividends reinvested ($(5,459) and $(5,529) with related parties, respectively)(5,476)(5,529)Deferred tax (benefit) expense278 (648)Changes in operating assets and liabilities, net of effects of acquisitions:Income