Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1685

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1685
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 474 |   |     |          | 277.2 | % (1) |
| Property general and administrative expenses |     |                                         |  2,019 |     |      |   803 |     |          | 1,216 |   |     |          | 151.2 | % (1) |
| Non-Same Store operating expenses            |     |                                         | 10,537 |     |      | 3,749 |     |          | 6,788 |   |     |          | 181.1 | % (1) |
| Total operating expenses                     |     |                                         | 10,700 |     |      | 3,911 |     |          | 6,787 |   |     |          | 173.6 | % (1) |
| NOI                                          |     |                                         |        |     |      |       |     |          |       |   |     |          |       |       |
| Same Store                                   |     |                                         |    203 |     |      |   243 |     |          |   (41 | ) |     |          | -16.9 | %     |
| Non-Same Store                               |     |                                         |  2,264 |     |      | 1,349 |     |          |   916 |   |     |          |  67.9 | % (1) |
| Total NOI                                    |     | $                                       |  2,467 |     | $    | 1,590 |     | $        |   877 |   |     |          |  55.2 | % (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 September 30, 2024 and 2023

As of September 30, 2024, our Same Store properties were approximately 55.2% leased with a weighted average monthly effective occupied rent per square foot of $1.16, compared to 75.7% leased with a weighted average monthly

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effective rent per square foot of $1.21 as of September 30, 2023. For our Same Store properties, we recorded the following operating results for the three months ended September 30, 2024