Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 1170

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1170
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ated ventures129(306)435Income tax expense(1,372)(2,731)1,359Change in unrealized gains (losses)(1,348)(108,249)106,901Realized gains (losses)(21,479)(1,634)(19,845)Net income (loss)(56,573)(117,241)60,668Net (income) attributable to preferred shareholders(4,619)(4,619)—Net (income) loss attributable to noncontrolling interests9,843 — 9,843 Net income (loss) attributable to common shareholders$(51,349)$(121,860)$70,511 

The net loss for the years ended December 31, 2024 and 2023 primarily relates to mark-to-market losses on our investments accounted for at fair value partially offset by interest and dividends.

Revenues

Rental income. Rental income was $15.7 million for the year ended December 31, 2024, compared to $20.3 million for the year ended December 31, 2023, which was a decrease of approximately $4.6 million. The decrease between the periods was primarily due to a decrease in occupancy at Cityplace.

Rooms revenue. Rooms revenue was $24.9 million for the year ended December 31, 2024. All rooms revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Food and beverage revenue. F&B revenue was $2.2 million for the year ended December 31, 2024. All F&B revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Interest and dividends. Interest and dividends totaled $36.6 million for the year ended December 31, 2024, compared to $42.7 million for the year ended December 31, 2023, which was a decrease of approximately $6.1 million. The decrease between the periods was attributed to a decrease in dividends from equity investments. 

Other income. Other income was approximately $3.8 million for the year ended December 31, 2024, compared to $0.3 million for the year ended December 31, 2023, which was an increase of approximately $3.5 million. The increase between the periods was primarily due to the NHT consolidation.

Expenses

Property operating