Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 743

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 743
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—26.00%(12.5)%36,777 Market Rent (per sqft)$13.00—$42.50$(27.75)Capitalization Rate5.13%LP InterestDirect Capitalization ApproachCapitalization Rate5.25%—5.50%(5.38)%189,659 Market ApproachDiscount to NAV(7.5)%Recent TransactionPrice per Share$16.41Preferred SharesLiquidation AnalysisPar$1,00069,895 Senior LoanDiscounted Cash FlowDiscount Rate13.30%—26.00%(19.65)%43,693 Total$518,698  

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The following is a summary of the significant unobservable inputs used in the fair valuation of assets categorized within Level 3 of the fair value hierarchy as of December 31, 2023.CategoryValuation TechniqueSignificant Unobservable InputsInput Value(s) (Arithmetic Mean)Fair ValueCLODiscounted Net Asset ValueDiscountN/A$1,215 Common StockMarket ApproachUnadjusted Price/MHz-PoP$0.10—$0.90$(0.48)176,256 Discounted Cash FlowDiscount Rate7.5%—13.90%(9.18)%Market Rent (per sqft)$11.50—$41.00$(26.25)RevPAR$75.00—$145.00$(102.00)Capitalization Rates5.25%—9.5%(7.58)%NAV ApproachDiscount Rate10.00%Multiples AnalysisMultiple of EBITDA3.00x—4.00x(3.50)xMultiple of NAV1.00x—1.25x(1.13)xRecent TransactionImplied Enterprise Value from Transaction Price ($mm)$841.00N/A$25.31—$28.00$(26.66)Discount to NAV(25.00)%—(10.00)%(17.50)%Offer Price per Share$1.10Convertible NotesDiscounted Cash FlowDiscount Rate6.08%—10.25%(8.17)%42,251 Option Pricing ModelVolatility55.00%—65.00%(60.00)%LLC InterestDiscounted Cash FlowDiscount Rate7.50%—30.50%14%39,399 Market Rent (per sqft)$11.5—$41$(26.25)Capitalization Rate5.25%LP InterestDirect Capitalization ApproachCapitalization Rate