Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1672

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1672
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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 $4.4 million for the three months ended September 30, 2024, compared to $5.4 million for the three months ended September 30, 2023, which was a decrease of approximately $1.0 million. Rental income decreased between the periods due to a decrease in occupancy at Cityplace Tower.

Rooms. Rooms revenuewas$7.3 million for the three months ended September 30, 2024. All rooms revenue is derived from the NHT segment, which was not consolidated prior to April 19, 2024.

Food and beverage.F&B revenue was $0.5 million for the three months ended September 30, 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 $9.1 million for the three months ended September 30, 2024, compared to $6.9 million for the three months ended September 30, 2023, which was an increase of approximately $2.2 million. The increase between the periods was primarily due to an increase in dividend income.

Other income. Other income was approximately $906.0 thousand for the three months ended September 30, 2024, compared to $97.0 thousand for the three months ended September 30, 2023, which was an increase of approximately $809.0 thousand. The increase between the periods was primarily due to the consolidation of NHT.

Expenses

Property operating expenses. Property operating expenses were $6.3 million for the three months ended September 30, 2024, compared to $1.5 million for the three months ended September 30, 2023, which was an increase of approximately $4.8 million. The increase between the periods was primarily due to the consolidation of NHT.

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Property management fees.Property management fees were $0.7 million for the three months ended September 30, 2024, compared to $0.2 million for the three months ended September 30, 2023, which was an increase of approximately $0.5 million. The increase between the periods was primarily due to the consolidation of NHT.

Real estate taxes and