Sculptor Diversified Real Estate Income Trust, Inc.

Item 8.01. Other Events. July 31, 2026 Net Asset Value (“NAV”) per Share On August 17, 2026, Sculptor Diversified Real Estate Income Trust, Inc. (referred to herein as “we,” “us” or “our”) released the NAV per share for each share class of our common stock as of July 31, 2026, which amounts are as follows: NAV per Share Class E $11.8100 Class F $11.4600 Class FF $11.3130 Class AA $11.2155 Class A $11.1067 Class I-S $11.0598 NAV Calculation We calculate NAV per share in accordance with the valuation guidelines that have been approved by our board of directors. Our total NAV presented in the following tables includes the NAV of our Class E, Class F, Class FF, Class AA, Class A and Class I-S common shares, which were reduced by the noncontrolling interests in our consolidated subsidiaries. The following table provides a breakdown of the major components of our NAV as of July 31, 2026 (amounts in thousands, except share/unit data): Components of NAV Investments in real estate, net (including goodwill) $ 804,700 Investments in unconsolidated joint ventures 58,000 Investment in real estate debt 176,671 Cash and cash equivalents 56,406 Restricted cash 15,693 Receivables 4,931 Other assets 2,815 Mortgages, credit facility and financing obligations, net (371,176) Accounts payable and other liabilities (33,521) Management fee payable (422) Accrued performance participation allocation (1,240) Due to related parties, net (24) Noncontrolling interest in the consolidated subsidiaries (32,678) Net Asset Value $ 680,155 Number of outstanding shares/units 59,102,758 The following table provides a breakdown of our total NAV and NAV per share/unit by class as of July 31, 2026 (amounts in thousands, except share/unit and per share/unit data): NAV per share Class E Shares Class F Shares Class FF Shares Class AA Shares Class A Shares Class I-S Shares Operating Partnership Units(1) Total ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── NAV $213,041 $268,967 $70,691 $110,654 $9,696 $707 $6,399 $680,155 Number of outstanding shares/units 18,039,056 23,470,093 6,248,683 9,866,191 873,012 63,925 541,798 59,102,758 NAV Per Share/Unit $11.8100 $11.4600 $11.3130 $11.2155 $11.1067 $11.0598 $11.8100 $11.5080 _____________________________________ (1) Includes the partnership interests of Sculptor Diversified REIT Operating Partnership LP held by Sculptor Diversified REIT Special Limited Partner LP.