Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1599

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1599
---
     |                                        |   8,432 |   |     |      |        — |   |
| Net loss attributable to common shareholders                                                                                      |     | $                                        | (10,037 | ) |     | $    | (69,113 | ) |     | $                                      | (42,523 | ) |     | $    | (104,811 | ) |
| Weighted average common shares outstanding - basic                                                                                |     |                                          |  40,786 |   |     |      |  37,187 |   |     |                                        |  39,662 |   |     |      |   37,177 |   |
| Weighted average common shares outstanding - diluted                                                                              |     |                                          |  40,786 |   |     |      |  37,187 |   |     |                                        |  39,662 |   |     |      |   37,177 |   |
| Loss per share - basic                                                                                                            |     | $                                        |   (0.25 | ) |     | $    |   (1.86 | ) |     | $                                      |   (1.07 | ) |     | $    |    (2.82 | ) |
| Loss per share - diluted                                                                                                          |     | $                                        |   (0.25 | ) |     | $    |   (1.86 | ) |     | $                                      |   (1.07 | ) |     | $    |    (2.82 | ) |

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

2

I-1276

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’EQUITY

(in thousands, except share and per share amounts)

(Unaudited)</div>

| Three Months Ended                                      
 September 30, 2024                                      
 Balances, June 30, 2024                                 |     | Preferred Shares 
 Number of        
 Shares           | 3,359,593 |     | Amount | 3 |     | Common Shares 
 Number of     
 Shares        | 40,650,118 |     | Amount | 41 |     | Additional 
 Paid-in    
 Capital    | 1,025,144 |     | Accumulated     
 Earnings (Loss) | (171,101 | ) |     | (Noncontrolling Interests) | 4