NexPoint Diversified Real Estate Trust (NXDT) Registration filing summary

Company overview and business model

• Operates as a Delaware statutory trust, externally managed, and has elected REIT status.

• Focuses on diversified commercial real estate investments across property types and capital structure, including equity, mortgage debt, mezzanine debt, and preferred equity.

• Primary investment objective is to provide current income and capital appreciation.

• Business is conducted through an operating partnership and wholly owned subsidiaries.

• Transitioned from an investment company to a diversified REIT in 2022.

Financial performance and metrics

• Common shares are listed on NYSE under “NXDT”; Series A Preferred Shares under “NXDT-PA”.

• As of July 19, 2024, common shares traded at $6.22 and Series A Preferred Shares at $14.38.

• As of June 30, 2024, 40,650,119 common shares and 3,359,593 Series A Preferred Shares were outstanding.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in the applicable prospectus supplement.