Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 193

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 193
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Total2025— — — — — 2026— 234,527 397,608 164,797 796,932 2027355,614 234,527 130,974 — 721,115 2028355,614 234,527 — — 590,141 2029355,614 — — — 355,614 Total1,066,842 703,581 528,582 164,797 2,463,802 

For the three months ended September 30, 2025 and 2024, the Company recognized approximately $1.1 million and $0.8 million, respectively of equity-based compensation expense related to grants of restricted share units.  For the nine months ended September 30, 2025 and 2024, the Company recognized approximately $2.9 million and $2.2 million, respectively, of equity-based compensation expense related to grants of restricted share units. As of September 30, 2025, the Company had recognized a liability of approximately $1.4 million related to distributions earned on restricted share units that are payable in cash upon vesting. As of September 30, 2025, total unrecognized compensation expense on restricted share units was approximately $10.5 million, and the expense is expected to be recognized over a weighted average vesting period of 1.7 years. As of December 31, 2024, total unrecognized compensation expense on restricted share units was approximately $8.0 million, and the expense is expected to be recognized over a weighted average vesting period of 1.5 years. 

12. Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common shareholders by the weighted average number of the Company’s common shares outstanding and excludes any unvested restricted share units issued pursuant to the LTIP.Diluted earnings (loss) per share is computed by adjusting basic earnings per share for the dilutive effect of the assumed vesting of restricted share units. During periods of net loss, the assumed vesting of restricted share units is anti-dilutive and is not included in the calculation of earnings (loss) per share.

36

The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):Three Months Ended September 30,Nine Months Ended