Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2324

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2324
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5 | % |
| Non-Same Store operating expenses            |     |                                     | 3,507 |     |                                        | 3,962 |     |          | (455 | ) |     |          | -11.5 | % |
| Total operating expenses                     |     |                                     | 3,659 |     |                                        | 4,078 |     |          | (419 | ) |     |          | -10.3 | % |
| NOI                                          |     |                                     |       |     |                                        |       |     |          |      |   |     |          |       |   |
| Same Store                                   |     |                                     |   170 |     |                                        |   228 |     |          |  (58 | ) |     |          | -25.4 | % |
| Non-Same Store                               |     |                                     |   245 |     |                                        |   642 |     |          | (397 | ) |     |          |   N/M |   |
| Total NOI                                    |     | $                                   |   415 |     | $                                      |   870 |     | $        | (455 | ) |     |          |   N/M |   |

See reconciliation of net income (loss) to NOI above under “NOI and Same Store NOI for the Three Months Ended March 31, 2024 and 2023 and December 31, 2023.”

Same Store Results of Operations for the Three Months Ended March 31, 2024 and 2023 and December 31, 2023

As of March 31, 2024, our Same Store properties were approximately 51.5% leased with a weighted average monthly effective occupied rent per square foot of $1.14, compared to 75.4% leased with a weighted average monthly effective rent per square foot of $1.21 as of March 31, 2023 and compared to 49.6% leased with a weighted average monthly effective

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occupied rent per square foot of $1.11 as of December 31, 2023. For our Same Store properties, we recorded the following operating results for the three months ended March 31, 2024 and 2023 and December 31, 2023.

Revenues

Rental Income. Rental income was $0.3 million for the three months ended March 31, 202