Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 18

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 18
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$(7,799)$(79,194)Adjustments to reconcile net loss to NOI:Advisory and administrative fees3,4223,5987,0206,7643,89810,662Corporate general and administrative expenses3,222(2,202)1,0205,577(1,630)3,947Income tax expense(478)(163)(641)48488572Depreciation and amortization2,9291,0994,0285,7212,2167,937Interest expense3,7872,8506,6377,5136,40013,913Non-operating property investment revenue¹(9,635)(342)(9,977)(23,293)(646)(23,939)Realized (gains) losses from non-real estate investments(3,462)—(3,462)(4,981)—(4,981)Change in unrealized (gains) losses from non-real estate investments41,637—41,63774,959—74,959Equity in (income) losses of unconsolidated equity method ventures(190)—(190)167—167Impairment loss————1,7521,752NOI$747 $1,237 $1,984 $1,516 $4,279 $5,795 Less Non-Same StoreRevenues$(14,791)$4,209 $(10,582)$(18,330)$(7,031)$(25,361)Operating expenses3,2825,6598,9416,66113,43620,097Operating income—(26)(26)—(37)(37)Same Store NOI$(10,762)$11,079 $317 $(10,153)$10,648 $495 

(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.

55

Consolidated NOI for Our Same Store and Non-Same Store Properties for the Three Months Ended June 30, 2025 and 2024

There are two properties, White Rock Center and 5916 W Loop 289, in our same store pool for the three months ended June 30, 2025, and 2024 (our "Same Store" properties). Our Same Store properties exclude Cityplace Tower as of June 30, 2025 and 2024,