Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1735

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1735
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,600 shares issued and outstanding, respectively |     |   |                        41 |   |     |   |                38 |   |
| Additional paid-in capital                                                                                                          |     |   |                 1,025,144 |   |     |   |         1,011,613 |   |
| Accumulated earnings (loss)                                                                                                         |     |   |                  (171,101 | ) |     |   |          (126,580 | ) |
| Noncontrolling interests                                                                                                            |     |   |                     4,979 |   |     |   |                 — |   |
| Total Shareholders' Equity                                                                                                          |     |   |                   859,066 |   |     |   |           885,074 |   |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                          |     | $ |                 1,249,733 |   |     | $ |         1,098,336 |   |

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

1

I-1367

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME (LOSS)

(in thousands, except per share amounts)

(Unaudited)</div>

| Revenues                                                                                                                          |     | For the Three Months Ended June 30, 
 2024                                |         |   |     | 2023 |         |   |     | For the Six Months Ended June 30 
 2024                             |         |   |     | 2023 |         |   |
|:----------------------------------------------------------------------------------------------------------------------------------|:----|:------------------------------------|--------:|:--|:----|:-----|--------:|:--|:----|:---------------------------------|--------:|:--|:----|:-----|--------:|:--|
| Rental income                                                                                                                     |     | $                                   |   3,985 |   |     | $    |   5,417 |   |     | $                                |   8,032 |   |     | $    |  10,137 |   |
| Rooms                                                                                                                             |     |                                     |   8,200 |   |     |      |       — |   |     |                                  |   8,200 |   |     |      |       — |   |
| Food and beverage