Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 83

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 83
---
 based on 
         Total 
   Shareholder 
        Return |    |     |   | Net income 
        (in 
 thousands) |    |
|:-----|:-----|:--|----------------:|:----|:--|--------------:|:----|:--|----------------:|:----|:--|--------------:|:----|:--|--------------:|---:|:----|:--|-----------:|---:|
| 2024 |      | $ |       1,784,250 |     | $ |     1,434,730 |     | $ |       1,109,984 |     | $ |       895,564 |     | $ |            74 |    |     | $ |    (50,699 |  ) |
| 2023 |      | $ |       1,961,068 |     | $ |     1,491,913 |     | $ |       1,203,051 |     | $ |       915,240 |     | $ |            87 |    |     | $ |   (117,241 |  ) |
| 2022 |      |   |               - |     |   |             - |     |   |               - |     |   |             - |     | $ |           116 | -3 |     | $ |     47,571 | -4 |

(1) Mr. Dondero was our PEO for all three reporting years. As described elsewhere in this proxy statement/prospectus, we did not pay any compensation to Mr. Dondero during the reporting year ended December 31, 2022. The following are the adjustments made during the years ended December 31, 2024 and 2023 to arrive at the compensation actually paid to our PEO during the years ended December 31, 2024 and 2023:

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|                                                                                                                                                | Adjustments |   |       2024 |   |     |   |       2023 |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------|:------------|:--|-----------:|:--|:----|:--|-----------:|:--|
| Amounts reported under “Share Awards” in Summary Compensation Table                                                                            |             | $ | (1,784,250 | ) |     | $ | (1,961,068 | ) |
| Fair Value