Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2268

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2268
---
 
 ) 
 ) 
 ) 
 ) 
 ) |
|:----------------------------------------------------------------------------------------------------|:----|:--|-------:|:--|:----|:--|--------:|:--|
| Interest paid                                                                                       |     | $ |  4,555 |   |     | $ |   2,504 |   |
| Income tax paid                                                                                     |     | $ |      — |   |     | $ |   1,501 |   |
| Supplemental Disclosure of Noncash Activities                                                       |     |   |        |   |     |   |         |   |
| Change in capitalized construction costs included in accounts payable and other accrued liabilities |     | $ |    (29 | ) |     | $ |     322 |   |
| Change in capitalized investment costs included in accounts payable and other accrued liabilities   |     | $ |    121 |   |     | $ |       — |   |
| Non-cash dividend payment                                                                           |     | $ |  4,626 |   |     | $ |       — |   |
| Non-cash advisory fee payment                                                                       |     | $ |  1,351 |   |     | $ |       — |   |
| Increase in dividends payable upon vesting of restricted stock units                                |     | $ |     89 |   |     | $ |       — |   |

<div align='center'>See Notes to Consolidated Financial Statements

7

I-1817

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

1. Organization and Description of Business

NexPoint Diversified Real Estate Trust (the "Company", "we", "us", or "our") was formed in Delaware and has elected to be taxed as a real estate investment trust (a “REIT”). Substantially all of the Company’s business is conducted through NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (the "OP"), the Company’s operating partnership. The Company conducts its business (the "Portfolio") through the OP and its wholly owned taxable REIT subsidiaries ("TRSs"). The Company's wholly owned subsidiary, NexPoint Diversified Real Estate Trust OP GP, LLC (the "OP GP"), is the sole general partner of the OP. As of March 31, 2024, there were 2,000 partnership units of the OP (the “