Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 439

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 439
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 — |     |        |  — |     |            |         — |     |                 |   (4,619 | ) |     |       |    (4,619 | ) |
| Balances, December 31, 2023                           |     |                  | 3,359,593 |     | $      | 3 |     |               | 38,389,600 |     | $      | 38 |     | $          | 1,011,613 |     | $               | (126,580 | ) |     | $     |   885,074 |   |

<div align='center'>See Notes to Consolidated Financial Statements

87

I-92

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF SHAREHOLDERS’EQUITY

(in thousands, except share and per share amounts)</div>

| Six Months Ended December 31, 2022                      
 Balances, July 1, 2022                                  |     | Preferred Shares 
 Number of        
 Shares           | 3,359,593 |     | Amount | 3 |     | Common Shares 
 Number of     
 Shares        | 37,171,807 |     | Amount | 37 |     | Additional 
 Paid-in    
 Capital    | 999,845 |     | Accumulated     
 Earnings (Loss) | 112,983 |   |     | Total | 1,112,868 |   |
|:--------------------------------------------------------|:----|:-----------------|----------:|:----|:-------|--:|:----|:--------------|-----------:|:----|:-------|---:|:----|:-----------|--------:|:----|:----------------|--------:|:--|:----|:------|----------:|:--|
| Net loss attributable to common shareholders            |     |                  |         — |     |        | — |     |               |          — |     |        |  — |     |            |       — |     |                 | (83,883 | ) |     |       |   (83,883 | ) |
| Net income attributable to preferred shareholders       |     |                  |         — |     |        | — |     |               |          — |     |        |  — |     |            |       — |     |                 |   2,310 |   |     |       |