Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1801

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1801
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 June 30, 2024, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of June 30, 2024. |

| (2) | Percent occupied is calculated as the rentable square footage occupied as of June 30, 2024, divided by the total rentable square footage, expressed as a percentage. |

| (3) | Cityplace is currently under development and the Company is converting part of the property into a hotel, which was still under construction as of June 30, 2024. |

| (4) | The property's tenant vacated in the fourth quarter of 2023. The Company is currently looking into leasing out the property. |

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Consolidated Results of Operations for the Three and Six Ended June 30, 2024, and 2023

The three months ended June 30, 2024 as compared to the three months ended June 30, 2023

The following tables set forth a summary of our operating results for the three months ended June 30, 2024 and 2023 (in thousands):

|                                                            |     | For the Three Months Ended June 30, |    2024 |   |     |   |    2023 |   |     |   | $ Change |   |
|:-----------------------------------------------------------|:----|:------------------------------------|--------:|:--|:----|:--|--------:|:--|:----|:--|---------:|:--|
| Total revenues                                             |     | $                                   |  22,274 |   |     | $ |  13,880 |   |     | $ |    8,394 |   |
| Total expenses                                             |     |                                     | (21,681 | ) |     |   | (13,853 | ) |     |   |   (7,828 | ) |
| Operating income                                           |     |                                     |     593 |   |     |   |      27 |   |     |   |      566 |   |
| Interest expense                                           |     |                                     |  (7,851 | ) |     |   |  (3,762 | ) |     |   |   (4,089 | ) |
| Equity in income (losses) of unconsolidated ventures       |     |                                     |     196