Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 97

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1A
Chunk 97
---
 which may be extended by the Board in its sole discretion. The Board may elect to terminate this offering at any time. As of September 30, 2025, the Company has sold 485,608 shares of the Series B Preferred Shares for total gross proceeds of $12.1 million.

Cash Flows

The following table presents selected data from our consolidated statements of cash flows for the nine months ended September 30, 2025 and 2024 (in thousands):

For the Nine Months Ended September 3020252024Net cash provided by (used in) operating activities$7,986$(7,550)Net cash provided by investing activities34,617 18,460 Net cash used in financing activities(41,344)(10,839)Net decrease in cash, cash equivalents and restricted cash1,259 71 Cash, cash equivalents and restricted cash, beginning of period48,901 53,169 Cash, cash equivalents and restricted cash, end of period$50,160$53,240

Cash flows from operating activities. During the nine months ended September 30, 2025, net cash provided by (used in) operating activities was $8.0 million, compared to net cash provided by (used in) operating activities of $(7.6) million for the nine months ended September 30, 2024. The change in cash flows from operating activities was mainly due to an increase in dividend income from equity securities and rooms revenue.

Cash flows from investing activities. During the nine months ended September 30, 2025, net cash provided by investing activities was $34.6 million, compared to net cash provided by investing activities of $18.5 million for the nine months ended September 30, 2024. The change in cash flows from investing activities was attributed to proceeds of properties sold of $8.3 million and a return of capital from the Marriott Uptown equity method investment of $15.1 million.

Cash flows from financing activities. During the nine months ended September 30, 2025, net cash used in financing activities was $41.3 million, compared to net cash used in financing activities of $10.8 million for the nine months ended September 30, 2024. The change in cash flows from financing activities was due to paydowns on the mortgage debt with proceeds from the properties sold.

Debt

Mortgage Debt

As of September 30, 2025, our consolidated subsidiaries had aggregate