Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 57

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 57
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 months ended March 31, 2025, compared to $0.2 million for the three months ended March 31, 2024, which was an increase of approximately $0.3 million. The increase between the periods was primarily due to the NHT consolidation.

46

Real estate taxes and insurance. Real estate taxes and insurance costs were $1.8 million for the three months ended March 31, 2025, compared to $1.2 million for the three months ended March 31, 2024, which was an increase of approximately $0.6 million. Real estate taxes and insurance expenses consist primarily of expenses from our investment in Cityplace and our hospitality properties. The increase between the periods was primarily due to the consolidation of NHT.

Advisory and administrative fees. For the three months ended March 31, 2025, the Company incurred administrative fees and advisory fees of $3.6 million. For the three months ended March 31, 2024, the Company incurred administrative fees and advisory fees of $3.2 million. The increase between the three months ended March 31, 2025 and the three months ended March 31, 2024, is primarily due to the addition of fees paid to the NHT Adviser pursuant to the NHT Advisory Agreement from the consolidation of NHT. 

Property general and administrative expenses. Property general and administrative expenses were $2.0 million for the three months ended March 31, 2025, compared to $0.7 million for the three months ended March 31, 2024, which was an increase of approximately $1.3 million. The increase between the periods is primarily attributed to the NHT consolidation.

Corporate general and administrative expenses. Corporate general and administrative expenses were $2.9 million for the three months ended March 31, 2025, compared to $2.8 million for the three months ended March 31, 2024, which was an increase of approximately $0.1 million. The increase between periods was primarily due to an increase in legal and professional fees.

Depreciation and amortization. Depreciation and amortization costs were $3.9 million for the three months ended March 31, 2025, compared to $2.8 million for the three months ended March 31, 2024, which was an increase of approximately $1.1 million.