Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 110

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1A
Chunk 110
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 — 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 March 31, 2025 and 2024.”

51

Consolidated Same Store Results of Operations for the Three Months Ended March 31, 2025 and 2024

As of March 31, 2025, our Same Store properties were approximately 52.1% leased with a weighted average monthly effective occupied rent per square foot of $1.10, compared to 51.5% leased with a weighted average monthly effective occupied rent per square foot of $1.21 as of March 31, 2024. For our Same Store properties, we recorded the following operating results for the three months ended March 31, 2025 and 2024.

Revenues

Rental Income. Rental income was $358.8 thousand for the three