Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2283

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2283
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| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                   |     | $    | 7,018,353 |     | $         | 3,453,340 |

The table below presents the unaudited summary statement of operations for the year ended December 31, 2023, for the Company’s significant equity method investments (dollars in thousands).

| Revenues                                           |     | NREF |        |     | VineBrook |          |   |
|:---------------------------------------------------|:----|:-----|-------:|:----|:----------|---------:|:--|
| Rental income                                      |     | $    |  4,962 |     | $         |  345,778 |   |
| Net interest income                                |     |      | 16,798 |     |           |        — |   |
| Other income                                       |     |      |    182 |     |           |    5,330 |   |
| Total revenues                                     |     |      | 21,942 |     |           |  351,108 |   |
| Expenses                                           |     |      |        |     |           |          |   |
| Total expenses                                     |     |      | 23,350 |     |           |  502,850 |   |
| Gain (loss) on sales and impairment of real estate |     |      |      — |     |           |  (72,539 | ) |
| Other income (expense)                             |     |      | 20,148 |     |           |  (55,866 | ) |
| Unrealized gain (loss) on derivatives              |     |      |      — |     |           |  (15,050 | ) |
| Total comprehensive income (loss)                  |     | $    | 18,740 |     | $         | (295,197 | ) |

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The table below presents the unaudited summary balance sheets for the Company’s significant equity method investments as of March 31, 2023 (dollars in thousands). In the prior year, the Company did not present these financials on a quarter lag. This comparison will not be on a quarter lag basis as we are utilizing the previously filed financial information for consistency purposes. NREF, NSP and VineBrook do not prepare standalone financials for their operating companies as all operations and investments are owned