Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 57

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 4
Chunk 57
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es)(41,637)(3,154)(38,483)Realized gains (losses)3,462(3)3,465Gains on sales of real estate26—26Net income (loss)(44,088)(10,522)(33,566)Net (income) attributable to Series A preferred shareholders(1,155)(1,155)—Net (income) attributable to Series B preferred shareholders(28)— (28)Net loss attributable to noncontrolling interests— 1,894 (1,894)Net loss attributable to redeemable noncontrolling interests in the OP20 — 20 Net income (loss) attributable to common shareholders$(45,251)$(9,783)$(35,460)

The net loss for the three months ended June 30, 2025 increased by $33.6 million as compared to the three months ended June 30, 2024. The increase between periods primarily relates to mark-to-market losses on our investments accounted for at fair value.

Revenues

Rental income. Rental income was $3.7 million for the three months ended June 30, 2025, compared to $4.0 million for the three months ended June 30, 2024, which was a decrease of approximately $0.3 million. Rental income decreased between the periods due to a decrease in occupancy at Cityplace Tower.

Rooms. Rooms revenue was $6.3 million for the three months ended June 30, 2025, compared to $8.2 million for the three months ended June 30, 2024, which was a decrease of approximately $1.9 million. Rooms revenue decreased between the periods due to the disposition of Hospitality properties in 2025.

Food and beverage. F&B revenue was $0.8 million for the three months ended June 30, 2025, compared to $0.8 million for the three months ended June 30, 2024, which was flat.

Interest and dividends. Interest and dividends totaled $10.0 million for the three months ended June 30, 2025, compared to $8.9 million for the three months ended June 30, 2024, which was an increase of approximately $1.1 million. The increase between the periods was primarily due to an increase in dividend income.

Other income. Other income was approximately $313.0 thousand for