Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1792

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1792
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      |     | Operating Leases |        |
|:-----------|:----|:-----------------|-------:|
| 2024       |     | $                |  4,490 |
| 2025       |     |                  |  8,955 |
| 2026       |     |                  |  8,178 |
| 2027       |     |                  |  7,267 |
| 2028       |     |                  |  5,080 |
| Thereafter |     |                  | 28,316 |
| Total      |     | $                | 62,286 |

The following table lists the tenants where the rental revenue from the tenants represented 10% or more of total rental income in the Company’s Consolidated Statements of Operations and Comprehensive Income (in thousands) for the six months ended June 30, 2024:

|                          |     | For the Six Months Ended June 30, 2024 |     |
|:-------------------------|:----|:---------------------------------------|----:|
| Tenant                   |     | Rental Income                          |     |
| Neiman Marcus Group, LLC |     | $                                      | 979 |
| Saputo Dairy Foods       |     | $                                      | 924 |

The following table lists the tenants where the rental revenue from the tenants represented 10% or more of total rental income in the Company’s Consolidated Statements of Operations and Comprehensive Income (in thousands) for the six months ended June 30, 2023:

|                      |     | For the Six Months Ended June 30, 2023 |       |
|:---------------------|:----|:---------------------------------------|------:|
| Tenant               |     | Rental Income                          |       |
| Hudson Advisors, LLC |     | $                                      | 1,424 |

16. Segment Information

Reportable Segments

Following the consolidation of NHT, the Company has two reportable segments. For the three and six months ended June 30, 2024, the majority of the Company’s operations are included within the Company’s primary reportable segment, NXDT, as the NHT reportable segment was acquired on April 19, 2024. For the three and six months ended June 30, 2023,

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the Company had one reportable segment, NXDT. The following presents select operational results for the reportable segments (in thousands):

|