Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1820

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1820
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 June 30, 2024 compared to the six months ended June 30, 2023.

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

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

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I-1429</div>

The three months ended June 30, 2024 as compared to the three months ended June 30, 2023

FFO was $(5.2) million for the three months ended June 30, 2024, compared to $(9.4) million for the three months ended June 30, 2023, which was an increase of approximately $4.2 million. The change in our FFO between the three months ended June 30, 2024 and the three months ended June 30, 2023 primarily relates to the redemptions of the CLO positions, which reclassified the change in unrealized to realized gains (losses) of approximately $22.8 million.

AFFO was $(2.1) million for the three months ended June 30, 2024, compared to $(0.5) million for the three months ended June 30, 2023, which was a decrease of approximately $1.6 million. The change in our AFFO between the three months ended June 30, 2024 and the three months ended June 30, 2023 primarily relates an increase in revenue from the NHT consolidation.

The six months ended June 30, 2024 as compared to the six months ended June 30, 2023

FFO was $(2.0) million for the six months ended June 30, 2024, compared to $(26.5) million for the six months ended June 30, 2023, which was an increase of approximately $24.5 million. The change in our FFO between the six months ended June 30, 2024 and the six months ended June 30, 2023 primarily relates to the redemptions of the CLO positions, which reclassified the change in unrealized to realized gains (losses) of approximately $22.8 million.

AFFO was $(6.1) million for the six months ended June 30, 2024, compared to $(