Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1676

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1676
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 nine months ended September 30, 2023, which was a decrease of approximately $3.1 million. Rental income decreased between the periods due to a decrease in occupancy at Cityplace Tower.

Rooms revenue. Rooms revenuewas$15.5 million for the nine months ended September 30, 2024. All rooms revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Food and beverage revenue.F&B revenue was $1.3 million for the nine months ended September 30, 2024. All F&B revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Interest and dividends. Interest and dividends totaled $26.7 million for the nine months ended September 30, 2024, compared to $25.4 million for the nine months ended September 30, 2023, which was an increase of approximately $1.2 million. The increase between the periods was attributed to an increase in dividends from equity investments.

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Other income. Other income was approximately $1.3 million for the nine months ended September 30, 2024, compared to $0.1 million for the nine months ended September 30, 2023, which was an increase of approximately $1.2 million. The increase between the periods was attributed to the NHT consolidation.

Expenses

Property operating expenses. Property operating expenses were $14.7 million for the nine months ended September 30, 2024, compared to $5.6 million for the nine months ended September 30, 2023, which was an increase of approximately $9.1 million. The increase between the periods was primarily due to the NHT consolidation.

Property management fees.Property management fees were $1.0 million for the nine months ended September 30, 2024, compared to $0.6 million for the nine months ended September 30, 2023, which was an increase of approximately $0.4 million. The increase between the periods was primarily due to the NHT consolidation.

Real estate taxes and insurance. Real estate taxes and insurance costs were $4.7 million for the nine months ended September 30, 2024, compared to $4.1 million for the nine months ended September 30, 2023, which was an increase of approximately $0.6 million. Real estate taxes and