Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 185

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 185
---
feited(15,459)7.99 Outstanding June 30, 20252,483,801 $5.79 (1)Certain key employees of the Adviser elected to net the taxes owed upon the vesting against the shares issued resulting in 358,173 shares being issued as shown on the Consolidated Statement of Equity.The following table contains information regarding the vesting of restricted share units under the LTIP as of June 30, 2025:Shares VestingFebruaryMarchAprilJuneTotal2025— — — — — 2026— 234,527 400,535 172,893 807,955 2027358,606 234,527 130,974 — 724,107 2028358,606 234,527 — — 593,133 2029358,606 — — — 358,606 Total1,075,818 703,581 531,509 172,893 2,483,801 

For the three months ended June 30, 2025 and 2024, the company recognized approximately $1.0 million and $0.9 million, respectively of equity-based compensation expense related to grants of restricted share units.  For the six months ended June 30, 2025 and 2024, the Company recognized approximately $1.8 million and $1.4 million, respectively, of equity-based compensation expense related to grants of restricted share units. As of June 30, 2025, the Company had recognized a liability of approximately $1.0 million related to distributions earned on restricted share units that are payable in cash upon vesting. As of June 30, 2025, total unrecognized compensation expense on restricted share units was approximately $11.7 million, and the expense is expected to be recognized over a weighted average vesting period of 1.9 years. As of December 31, 2024, total unrecognized compensation expense on restricted share units was approximately $8.0 million, and the expense is expected to be recognized over a weighted average vesting period of 1.5 years. 

31

12. Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common shareholders by the weighted average number of the Company’s common shares outstanding and excludes any unvested restricted share units issued pursuant to