Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 1186

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1186
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 cash provided by investing activities25,974 21,990 Net cash provided by (used in) financing activities(18,577)6,796 Net decrease in cash, cash equivalents and restricted cash(4,268)4,520 Cash, cash equivalents and restricted cash, beginning of period53,169 48,649 Cash, cash equivalents and restricted cash, end of period$48,901$53,169

Cash flows from operating activities. During the year ended December 31, 2024, net cash provided by (used in) operating activities was $(11.7) million, compared to net cash provided by operating activities of $(24.3) million for the year ended December 31, 2023. The change in cash flows from operating activities was mainly attributable to a decrease in income taxes payable, life settlement premiums and accounts payable.

Cash flows from investing activities. During the year ended December 31, 2024, net cash provided by investing activities was $26.0 million, compared to net cash provided by investing activities of $22.0 million for the year ended December 31, 2023. The change in cash flows from investing activities was mainly due to the net cash acquired from the consolidation of NHT during the period.

Cash flows from financing activities. During the year ended December 31, 2024, net cash used in financing activities was $(18.6) million, compared to net cash used in financing activities of $6.8 million for the year ended December 31, 2023. The change in cash flows from financing activities was due to a decrease in proceeds received from credit facilities, which was partially offset by a decrease in cash payments for distributions to common shareholders.

Debt

Mortgage Debt

As of December 31, 2024, our consolidated subsidiaries had aggregate mortgage debt outstanding to third parties of approximately $252.2 million at a weighted average interest rate of 7.54%. See Note 6 to our consolidated financial statements for additional information.

We intend to invest in additional real estate investments as suitable opportunities arise and adequate sources of equity and debt financing are available. We expect that future investments in properties, including any improvements or renovations of current or newly acquired properties, will depend on and will be financed by, in whole or in part, our existing cash, future borrowings and the proceeds from additional issuances of common shares or other securities or investment and property dispositions.

Although we expect to be subject to restrictions on