Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1793

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1793
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 to net loss, the most directly comparable GAAP financial measure by reportable segment (in thousands):

<div align='center'>44

I-1410</div>

|                                                                      |     | For the Three Months Ended June 30, 2024 |        |   |     |                            |        |   |     |       |         |   |     | For the Six Months Ended June 30, 2024 |         |   |     |                            |        |   |     |       |         |   |
|:---------------------------------------------------------------------|:----|:-----------------------------------------|-------:|:--|:----|:---------------------------|-------:|:--|:----|:------|--------:|:--|:----|:---------------------------------------|--------:|:--|:----|:---------------------------|-------:|:--|:----|:------|--------:|:--|
|                                                                      |     | NexPoint Diversified Real Estate Trust   |        |   |     | NexPoint Hospitality Trust |        |   |     | Total |         |   |     | NexPoint Diversified Real Estate Trust |         |   |     | NexPoint Hospitality Trust |        |   |     | Total |         |   |
| Net loss                                                             |     | $                                        | (6,435 | ) |     | $                          | (4,087 | ) |     | $     | (10,522 | ) |     | $                                      | (27,983 | ) |     | $                          | (4,087 | ) |     | $     | (32,070 | ) |
| Adjustments to reconcile net loss to NOI:                            |     |                                          |        |   |     |                            |        |   |     |       |         |   |     |                                        |         |   |     |                            |        |   |     |       |         |   |
| Advisory and administrative fees                                     |     |                                          |  3,174 |   |     |                            |    269 |   |     |       |   3,443 |   |     |                                        |   6,420 |   |     |                            |    269 |   |     |       |   6,689 |   |
| Corporate general and administrative expenses                        |     |                                          |  2,625 |   |     |                            |    570 |   |     |       |   3,195 |