Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 1007

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 1007
---
011 $1,215 Common stock234,667 — — — (305)— — (58,106)176,256 Convertible notes50,828 — 125 — (8,542)— — (160)42,251 Life settlement67,711 3,355 — — (67,506)— (1,101)(2,459)— LLC interest60,836 334 — — — — — (21,771)39,399 LP interest223,141 5,528 — — — — — (32,771)195,898 Preferred Shares— 68,500 1,768 — (4,000)— — — 66,268 Senior loan43,341 5,500 4,059 — (7,007)— 223 237 46,353 Total$686,936 $83,217 $5,952 $563 $(87,360)$(9,170)$(2,479)$(110,019)$567,640 

127

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the significant unobservable inputs used in the fair valuation of assets categorized within Level 3 of the fair value hierarchy as of December 31, 2024.CategoryValuation TechniqueSignificant Unobservable InputsInput Value(s) (Arithmetic Mean)Fair ValueCommon StockMarket ApproachUnadjusted Price/MHz-PoP$0.10—$0.90$(0.48)$157,828 Discounted Cash FlowDiscount Rate7.00%—14.50%(9.63)%Market Rent (per sqft)$13.00—$42.50$(27.75)NAV ApproachDiscount Rate10.00%NAV per Share$12.75Multiple of EBITDA3.00x—4.25x(3.63)xRecent TransactionImplied Enterprise Value from Transaction Price ($mm)$1,149.00N/A$25.31—$28.00$(26.66)Discount to NAV(30.00)%—(20.00)%(25.00)%Offer Price per Share$4.27Convertible NotesDiscounted Cash FlowDiscount Rate6.08%—8.08