Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1736

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1736
---
 diluted                                                                              |     |                                     |  39,616 |   |     |      |  37,172 |   |     |                                  |  39,094 |   |     |      |  37,172 |   |
| Earnings (loss) per share - basic                                                                                                 |     | $                                   |   (0.24 | ) |     | $    |   (0.40 | ) |     | $                                |   (0.83 | ) |     | $    |   (0.96 | ) |
| Earnings (loss) per share - diluted                                                                                               |     | $                                   |   (0.24 | ) |     | $    |   (0.40 | ) |     | $                                |   (0.83 | ) |     | $    |   (0.96 | ) |

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

2

I-1368

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’EQUITY

(in thousands, except share and per share amounts)

(Unaudited)</div>

| Three Months Ended June 30, 2024                        
 Balances, March 31, 2024                                |     | Preferred Shares 
 Number of        
 Shares           | 3,359,593 |     | Amount | 3 |     | Common Shares 
 Number of     
 Shares        | 39,301,419 |     | Amount | 39 |     | Additional 
 Paid-in    
 Capital    | 1,018,136 |     | Accumulated     
 Earnings (Loss) | (155,155 | ) |     | Noncontrolling Interest |      — |   |     | Total | 863,023 |   |
|:--------------------------------------------------------|:----|:-----------------|----------:|:----|:-------|--:|:----|:--------------|-----------:|:----|:-------|---:|:----|:-----------|----------:|:----|:----------------|---------:|:--|:----|:------------------------|-------:|:--|:----|:------|--------:|:--|
| Noncontrolling interests from NHT Acquisition           |     |                  |         — |     |        | — |     |               |          — |     |        |  — |     |            |