Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1814

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1814
---
 |      |   173 |     |          |     (7 | ) |     |          |   -4.0 | %      |
| Property general and administrative expenses |     |                                    |  2,214 |     |      | 1,012 |     |          |  1,202 |   |     |          |  118.8 | %  (1) |
| Non-Same Store operating expenses            |     |                                    | 10,805 |     |      | 4,955 |     |          |  5,850 |   |     |          |  118.0 | %  (1) |
| Total operating expenses                     |     |                                    | 10,944 |     |      | 5,076 |     |          |  5,869 |   |     |          |  115.6 | %  (1) |
| NOI                                          |     |                                    |        |     |      |       |     |          |        |   |     |          |        |        |
| Same Store                                   |     |                                    |    247 |     |      |   254 |     |          |     (8 | ) |     |          |   -3.1 | %      |
| Non-Same Store                               |     |                                    |  2,182 |     |      |   109 |     |          |  2,073 |   |     |          | 1898.2 | %  (1) |
| Total NOI                                    |     | $                                  |  2,428 |     | $    |   363 |     | $        |  2,065 |   |     |          |  569.4 | %  (1) |

(1) Denotes that the significant percentage change in the current period comparison is primarily attributed to the consolidation of NHT.

Consolidated Same Store Results of Operations for the Three Months Ended June 30, 2024 and 2023

As of June 30, 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

<div align='center'>58

I-1424</div>

per square foot of $1.21 as of June 30, 2023. For