Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2315

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2315
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 |  24,941 |   |
| Realized gains (losses)                                  |     |      |                             (21,872 | ) |     |      |                                    (916 | ) |     |          | (20,956 | ) |
| Net income (loss)                                        |     |      |                             (21,548 | ) |     |      |                                 (15,895 | ) |     |          |  (5,653 | ) |
| Net (income) loss attributable to preferred shareholders |     |      |                              (1,155 | ) |     |      |                                  (2,309 | ) |     |          |   1,154 |   |
| Net income (loss) attributable to common shareholders    |     | $    |                             (22,703 | ) |     | $    |                                 (18,204 | ) |     | $        |  (4,499 | ) |

The net loss for the three months ended March 31, 2024, 2023 and December 31, 2023, primarily relates to mark-to-market losses on our investments accounted for at fair value partially offset by interest and dividends.

Revenues

Rental income. Rental income was $4.0 million for the three months ended March 31, 2024, compared to $4.7 million for the three months ended March 31, 2023, which was a decrease of approximately $0.7 million and compared to $4.8 million for the three months ended December 31, 2023, which was a decrease of approximately $0.8 million. Rental income decreased between the periods due to a decrease in occupancy at Cityplace Tower.

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Interest and dividends. Interest and dividends totaled $8.7 million for the three months ended March 31, 2024, compared to $10.1 million for the three months ended March 31, 2023, which was a decrease of approximately $1.4 million and compared to $17.2 million for the three months ended December 31, 2023, which was a decrease of approximately $8.5 million. The decrease between the three months ended March 31, 2024 and the three months ended March 31, 2023, was attributed to a decrease in dividends from CLO equity investments. The decrease between the three months ended March 31, 2024 and