Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 146

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 6
Chunk 146
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 income (loss), the most directly comparable GAAP financial measure (in thousands):

For the Three Months Ended March 3120252024Net loss$(35,106)$(21,548)Adjustments to reconcile net loss to NOI:Advisory and administrative fees3,642 3,246 Corporate general and administrative expenses2,927 2,835 Income tax expense1,213 550 Depreciation and amortization3,909 2,796 Interest expense7,276 4,531 Non-operating property investment revenue¹(13,935)(8,731)Realized (gains) losses from non-real estate investments(1,530)21,872 Change in unrealized (gains) losses from non-real estate investments33,322 (6,290)Equity in (income) losses of unconsolidated equity method ventures357 1,154 Impairment loss1,752 — NOI$3,827 $415 Less Non-Same StoreRevenues$(14,777)$(3,752)Operating expenses11,154 3,507 Same Store NOI$204 $170 

(1)Non-operating property investment revenue is defined as revenue included in the consolidated financial statements that are from non-operating properties such as dividend income and interest income.

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Table of Contents

 The following table, which has not been adjusted for the effects of NCI, reconciles our NOI for each of our segments for the three months ended March 31, 2025 to net income (loss), the most directly comparable GAAP financial measure by reportable segment (in thousands):

For the Three Months Ended March 31,20252024NexPoint Diversified Real Estate TrustNexPoint Hospitality TrustTotalNexPoint Diversified Real Estate Trust¹Net loss$(30,910)$(4,196)$(35,106)$(21,548)Adjustments to reconcile net loss to NOI:Advisory and administrative fees3,3413013,6423,246Corporate general and administrative expenses2,3555722,9272,835Income tax expense9612521,213550Depreciation and amortization2,7921,1173,9092,796Interest expense3,7263,5507,2764,531Non-operating property investment revenue²(13,630)(305)(13,935)(8,731)Realized (gains