Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 286

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 286
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Cityplace1,365,711 Office, Multifamily & Hospitality(3)8/15/2018$2.16 46.4 %1,478,644 

NHT Segment:

BrandLocationNameChain ScaleService ScaleYear Built/Last RenovationRoomsHilton Garden InnDallas, TexasHGI PropertyUpscaleSelect-Service1995/2016240HyattPark City, UtahPark CityUpscaleFull-Service2016122Hampton Inn & SuitesBradenton, FloridaBradentonUpscaleSelect-Service1926/2016119Homewood SuitesPlano, TexasHWS PlanoUpscaleExtended Stay1996/201899N/AAddison, TexasAddison PropertyUpscaleExtended Stay1990/2018120Homewood SuitesIrving, TexasHWS Las ColinasUpscaleExtended Stay1990/2018136MarriottSt. Petersburg, FloridaSt. Pete PropertyUpper UpscaleFull-Service2001/2021209Total Rooms:1,045

(1)Average effective monthly occupied rent per square foot is equal to the average of the contractual rent for commenced leases as of December 31, 2024, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of December 31, 2024.

(2)Percent occupied is calculated as the rentable square footage occupied as of December 31, 2024, divided by the total rentable square footage, expressed as a percentage.

(3)Cityplace is currently under development and the Company is converting part of the property into a hotel, which was still under construction as of December 31, 2024.

(4)The property's tenant vacated in the fourth quarter of 2023. The Company is currently looking into leasing out the property.

Consolidated Results of Operations for the Years Ended December 31, 2024 and 2023 

75

The following table sets forth a summary of our operating results for the year ended December 31, 2024 as compared to the year ended December 31, 2023 (in thousands):  

For the Year Ended December 31,20242023$ ChangeTotal revenues$83,222 $63,284 $19,938 Total expenses(87,373)(51,703)(35,670)Operating income(4,151)11,581(15,732)Interest expense(28,352)(15,902)(12