NexPoint多元化房地产信托系列A优先股2026年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo Cautionary Statement Regarding Forward Looking Statements PART I PART II Cautionary Statement Regarding Forward-Looking Statements This quarterly report (this "Quarterly Report") contains forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995 that are subject to risks and uncertainties. In particular, statements relating to our businessand investment strategies, liquidity and capital resources, our performance and results of operations, and expectations on our abilityto refinance debt as necessary contain forward-looking statements. Furthermore, all of the statements regarding future financialperformance (including market conditions and demographics) are forward-looking statements. We caution investors that anyforward-looking statements presented in this Quarterly Report are based on management’s current beliefs and assumptions madeby, and information currently available to, management. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” Forward-looking statements are subject to risks, uncertainties and assumptions and may be affected by known and unknownrisks, trends, uncertainties and factors that are beyond our control. Should one or more of these risks or uncertainties materialize, orshould underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Some of the risks and uncertainties that may cause our actual results, performance, liquidity or achievements to differmaterially from those expressed or implied by forward-looking statements include, among others, the following: •Unfavorable changes in economic conditions and their effects on the real estate industry generally and our operations andfinancial condition, including inflation, rising or high interest rates, new or increased tariffs, tightening monetary policy •Our loans and investments expose us to risks similar to and associated with real estate investments generally; •Commercial real estate-related investments that are secured, directly or indirectly, by real property are subject todelinquency, foreclosure and loss, which could result in losses to us; •Risks associated with the ownership of real estate, including dependence on tenants and compliance with laws andregulations related to ownership of real property; •Risks associated with our investment in diverse issuers, industries and investment forms and classes, both in real estateand in non-real estate sectors, including common equity, preferred equity, options or other derivatives, short salecontracts, secured loans of securities, reverse repurchase agreements, structured finance securities, below investment •Fluctuations in interest rate and credit spreads could reduce our ability to generate income on our loans and otherinvestments, which could lead to a significant decrease in our results of operations, cash flows and the market value of •The use of leverage to finance our investments; •Risks associated with our loans and investments in debt instruments; •Our loans and investments are concentrated in terms of type of interest, geography, asset types, industry and sponsors andmay continue to be so in the future; •We have a substantial amount of indebtedness which may limit our financial and operating activities and may adverselyaffect our ability to incur additional debt to fund future needs;•We have limited operating history as a standalone company and may not be able to operate our business successfully, findsuitable investments, or generate sufficient revenue to make or sustain distributions to our shareholders;•We may not replicate the historical results achieved by other entities managed or sponsored by affiliates of NexPointAdvisors, L.P. (“NexPoint” or our “Sponsor”), members of the NexPoint Real Estate Advisors X, L.P. (our “Adviser”)management team or their affiliates.•We are dependent upon our Adviser and its affiliates to conduct our day-to-day operations; thus, adverse changes in theirfinancial health or our relationship with them could cause our operations to suffer;•Our Adviser and its affiliates face conflicts of interest, including significant conflicts created