Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 416

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 416
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 |                                  0.47 |   |
| Weighted average common shares outstanding - basic        |     |    |   |     | $    |                          37,334 |   |     | $    |                                37,172 |   |
| Weighted average common shares outstanding - diluted      |     | (1 | ) |     |      |                          37,773 |   |     |      |                                37,172 |   |
| Dividends declared per common share                       |     |    |   |     | $    |                            0.60 |   |     | $    |                                  0.30 |   |
| FFO Coverage - diluted                                    |     | (2 | ) |     |      |                          -4.75x |   |     |      |                                -6.67x |   |
| AFFO Coverage - diluted                                   |     | (2 | ) |     |      |                           0.11x |   |     |      |                                 1.58x |   |
| Net income (loss) coverage                                |     | (2 | ) |     |      |                          -5.23x |   |     |      |                                -7.31x |   |

(1) The Company uses actual diluted weighted average common shares outstanding when in a dilutive position for FFO and AFFO.

(2) Indicates coverage ratio of FFO/AFFO/net income (loss) per common share (diluted) over dividends declared per common share during the period.

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The year ended December 31, 2023 and the six months ended December 31, 2022

FFO was $(101.7) million for the year ended December 31, 2023 and $(72.1) million for the six months ended December 31, 2022.

AFFO was $2.5 million for the year ended December 31, 2023 and $17.8 million for the six months ended December 31, 2022.

Liquidity and Capital Resources

Our short-term liquidity requirements consist primarily of funds necessary to pay for debt maturities, operating expenses and other expenditures including:

| • | capital expenditures to continue the ongoing development of Cityplace Tower; |

| • | interest expense and scheduled principal payments on outstanding indebtedness (see “—Obligations and Commitments” below); |

|