Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 967

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 967
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 Total revenues83,222 63,284 Expenses Property operating expenses ($260 and $0 with related parties, respectively)22,255 7,489 Property management fees ($734 and $726 with related parties, respectively)1,491 726 Real estate taxes and insurance6,544 4,377 Advisory and administrative fees14,165 11,740 Property general and administrative expenses ($271 and $222 with related parties, respectively)7,405 4,250 Corporate general and administrative expenses12,803 7,981 Conversion expenses— 1,203 Depreciation and amortization15,600 13,937 Impairment loss7,110 — Total expenses87,373 51,703 Operating income (loss)(4,151)11,581 Interest expense(28,352)(15,902)Equity in income (losses) of unconsolidated equity method ventures ($649 and $624 with related parties, respectively)129 (306)Change in unrealized gains (losses) ($(18,829) and $(112,717) with related parties, respectively)(1,348)(108,249)Realized gains (losses) ($339 and $0 with related parties, respectively)(21,479)(1,634)Net income (loss) before income taxes(55,201)(114,510)Income tax expense(1,372)(2,731)Net loss(56,573)(117,241)Net (income) loss attributable to preferred shareholders(4,619)(4,619)Net (income) loss attributable to noncontrolling interests9,843 — Net loss attributable to common shareholders$(51,349)$(121,860)Weighted average common shares outstanding - basic40,229 37,334 Weighted average common shares outstanding - diluted40,229 37,334 Loss per share - basic$(1.28)$(3.26)Loss per share - diluted$(1.28)$(3.26)

See Notes to Consolidated Financial Statements

100

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EQUITY

(in thousands, except share and per share amounts)

 Series A Preferred SharesCommon SharesAdditionalPaid-inCapitalAccumulatedEarnings (Loss)Noncontrolling InterestsTotalYear Ended December 31, 202