Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 299

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 299
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/MAmortization of deferred financing costs - long term debt(696)(776)-10.3 %Change in unrealized (gains) losses1,348 108,249 N/MAFFO attributable to common shareholders(8,602)2,528 N/MAFFO per share - basic$(0.21)$0.07 N/MAFFO per share - diluted$(0.21)$0.07 N/MWeighted average common shares outstanding - basic40,229 37,334 7.8 %Weighted average common shares outstanding - diluted(2)41,498 37,773 9.9 %Distributions declared per common share$0.60 $0.60 — %Net income (loss) coverage(3)-2.34x-5.23xN/MFFO Coverage - diluted(3)-0.5x-4.75xN/MAFFO Coverage - diluted(3)-0.35x0.11xN/M

(1)Represents the percentage change for the year ended December 31, 2024 compared to the year ended December 31, 2023.

(2)The Company uses actual diluted weighted average common shares outstanding when in a dilutive position for FFO and AFFO.

(3)Indicates coverage ratio of net income (loss)/FFO/AFFO per common share (diluted) over distributions declared per common share during the period.

The year ended December 31, 2024 as compared to the year ended December 31, 2023

FFO was $(7.6) million for the year ended December 31, 2024, compared to $(101.7) million for the year ended December 31, 2023, which was an increase of approximately $94.1 million. The change in our FFO between the year 

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ended December 31, 2024 and the year ended December 31, 2023 primarily relates to a decrease in unrealized losses, primarily attributed to redemptions of the CLO positions, which reclassified the change in unrealized losses to realized gains of approximately $22.8 million.

AFFO was $(8.6) million for the year ended December 31, 2024, compared to $2.5 million for the year ended December 31, 2023, which was a decrease of approximately $11.1 million