Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 63

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 63
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 31, 2025 and 2024

The following table reflects the revenues, property operating expenses and NOI for the three months ended March 31, 2025 and 2024 for our Same Store and Non-Same Store properties (dollars in thousands):

For the Three Months Ended March 3120252024$ Change% ChangeRevenuesSame StoreRental income$359 $322 $37 11.5 %Same Store revenues359 322 37 11.5 %Non-Same StoreRental income3,286 3,725 (439)-11.8 %Other income252 27 225 N/M(1)Rooms10,350 — 10,350 — %Food and beverage889 — 889 — %Non-Same Store revenues14,777 3,752 11,025 N/M(1)Total revenues15,136 4,074 11,062 N/M(1)Operating expensesSame StoreProperty operating expenses64 49 15 30.6 %Real estate taxes and insurance66 80 (14)-17.5 %Property management fees19 17 2 11.8 %Property general and administrative expenses6 6 — — %Same Store operating expenses155 152 3 2.0 %Non-Same StoreProperty operating expenses6,895 1,528 5,367 N/M(1)Real estate taxes and insurance1,775 1,159 616 N/M(1)Property management fees500 159 341 N/M(1)Property general and administrative expenses1,984 661 1,323 N/M(1)Non-Same Store operating expenses11,154 3,507 7,647 N/M(1)Total operating expenses11,309 3,659 7,650 N/M(1)NOISame Store204 170 34 20.0 %Non-Same Store3,623 245 3,378 N/M(1)Total NOI$3,827 $415 $3,412 N/M(1)

(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 Three Months Ended