Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 23

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 23
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 8.8 %(1)Total revenues33,437 30,611 2,826 9.2 %(1)Operating expensesSame StoreProperty operating expenses189 126 63 50.0 %Real estate taxes and insurance216 211 5 2.4 %Property management fees65 58 7 12.1 %Property general and administrative expenses19 55 (36)N/MSame Store operating expenses489 450 39 8.7 %Non-Same StoreProperty operating expenses17,884 14,546 3,338 22.9 %(1)Real estate taxes and insurance4,512 4,441 71 1.6 %(1)Property management fees1,143 969 174 18.0 %(1)Property general and administrative expenses4,896 4,893 3 0.1 %(1)Non-Same Store operating expenses28,435 24,849 3,586 14.4 %(1)Total operating expenses28,924 25,300 3,625 14.3 %(1)Operating incomeNon-Same StoreRealized gains (losses)37 — 37 — %Total operating income37 — 37 — %NOISame Store803 621 182 29.3 %Non-Same Store3,747 4,691 (944)-20.1 %(1)Total NOI$4,550 $5,311 $(762)-14.3 %(1)

66

(1)Denotes that the significant percentage change in the current period comparison is primarily attributed to the consolidation of NHT.

See reconciliation of net income (loss) to NOI above under “Consolidated NOI and Same Store NOI for the Nine Months Ended September 30, 2025 and 2024.”

Consolidated Same Store Results of Operations for the Nine Months Ended September 30, 2025 and 2024

As of September 30, 2025, the properties in our Same Store pool for the nine months ended September 30, 2025 and 2024 were approximately 59.7% leased with a weighted average monthly effective occupied rent per square foot of $1.18, compared to 55.2% leased with a weighted average monthly effective occupied rent per square foot of $1.16 as of September 30