NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NHF) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Sep-30-22	Jun-30-22
	10-Q	10-Q	10-Q	10-Q
Revenues [+]			349.3	295.4
Net interest income				166.5
Net investment income			179.7	143.8
Other income			0.0
Cost of goods sold			51.4	48.4
Gross profit			297.9	247.1
Gross margin			85.3%	83.6%
Selling, general and administrative [+]			3.7	2.6
Sales and marketing				1.5
General and administrative			2.7
Equity in earnings			-1.6
Other operating expenses				-64.0
EBITDA			288.9
EBITDA margin			82.7%	104.4%
Depreciation and amortization			3.6
EBIT			285.3	308.4
EBIT margin			81.7%	104.4%
Non-recurring items				2.5
Interest expense			3.5	1.5
Interest expense			3.5	1.5
Other income (expense), net			-206.8	-116.4
Pre-tax income			72.8	187.9
Income taxes			-9.5	-2.0
Tax rate			-13.1%	-1.1%
Net income			79.2	187.9
Net margin			22.7%	63.6%

Basic EPS			$8.52
Diluted EPS			$8.52


Shares outstanding (basic)			9.3
Shares outstanding (diluted)			9.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.