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NexPoint Diversified Real Estate Trust

NXDT

NYSEReal EstateREIT - Diversified

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Latest quote

$5.52

−$0.03 · -0.54%

Aug 24, 10:34 AM ET

NXDT company overview

Regular session · ET · Market data may be delayed.

Company profile

Company website

NexPoint Diversified Real Estate Trust (NXDT) functions as an externally managed, diversified real estate investment trust (REIT). Both its common stock and its 5.50% Series A Cumulative Preferred Shares (Series A Preferred) are publicly traded on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. The Trust's core financial aim is to deliver both consistent income streams and capital growth to its shareholders. It pursues this by strategically allocating capital across a broad spectrum of commercial real estate property types. Furthermore, NXDT invests across different tiers of the capital structure, encompassing instruments such as mortgage debt, mezzanine debt, and both common and preferred equity. Key property segments targeted for investment primarily include industrial, hospitality, net lease, retail, office, storage, and healthcare. The portfolio may also encompass multifamily and single-family rental properties that are currently held. On occasion, and to a restricted degree, NXDT may also hold, acquire, or trade in certain non-real estate securities.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
US
CEO
James David Dondero
Listed since
Jun 26, 2006

Market position

Volume
27.66K
0.17× average
Average volume
165.89K
Average daily volume
Market cap
285.52M USD
Beta
0.88
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
478.61M USD
P/E (TTM)
-3.66×
P/B (TTM)
0.4×
P/S (TTM)
3.79×
EV / EBITDA
-4.37×
Earnings yield
-70.59%
Free cash flow yield
5.17%
Dividend yield
10.87%

Profitability & efficiency

Gross margin
91.49%
Operating margin
-53.11%
Net margin
-88.93%
Return on equity
-17.36%
Return on assets
-11.64%
Return on invested capital
-399.73%

Financial health

Debt / equity
0.39×
Current ratio
40.42×
Altman Z-score
-0.28
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends232%94%-43%-181%Gross margin, FY2021: 99.06%Gross margin, FY2022: 92.90%Gross margin, FY2023: 126.78%Gross margin, FY2024: 24.91%Gross margin, FY2025: 8.49%Operating margin, FY2021: 96.55%Operating margin, FY2022: 64.73%Operating margin, FY2023: 192.87%Operating margin, FY2024: -146.20%Operating margin, FY2025: -105.44%Net margin, FY2021: 96.55%Net margin, FY2022: 53.77%Net margin, FY2023: 197.47%Net margin, FY2024: -123.76%Net margin, FY2025: -135.99%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 99.06%. Gross margin FY2022 92.90%. Gross margin FY2023 126.78%. Gross margin FY2024 24.91%. Gross margin FY2025 8.49%. Operating margin FY2021 96.55%. Operating margin FY2022 64.73%. Operating margin FY2023 192.87%. Operating margin FY2024 -146.20%. Operating margin FY2025 -105.44%. Net margin FY2021 96.55%. Net margin FY2022 53.77%. Net margin FY2023 197.47%. Net margin FY2024 -123.76%. Net margin FY2025 -135.99%.

Income trends

Revenue

91.96M USD+143.55%

Operating income

−96.96M USD-75.66%

Net income

−125.05M USD-167.60%
Income trends across reported periods297.34M USD143.75M USD−9.85M USD−163.45M USDRevenue, FY2021: 258.95M USDRevenue, FY2022: 90.95M USDRevenue, FY2023: −59.37M USDRevenue, FY2024: 37.76M USDRevenue, FY2025: 91.96M USDOperating income, FY2021: 250.01M USDOperating income, FY2022: 58.88M USDOperating income, FY2023: −114.51M USDOperating income, FY2024: −55.2M USDOperating income, FY2025: −96.96M USDNet income, FY2021: 250.01M USDNet income, FY2022: 48.9M USDNet income, FY2023: −117.24M USDNet income, FY2024: −46.73M USDNet income, FY2025: −125.05M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 258.95M USD. Revenue FY2022 90.95M USD. Revenue FY2023 −59.37M USD. Revenue FY2024 37.76M USD. Revenue FY2025 91.96M USD. Operating income FY2021 250.01M USD. Operating income FY2022 58.88M USD. Operating income FY2023 −114.51M USD. Operating income FY2024 −55.2M USD. Operating income FY2025 −96.96M USD. Net income FY2021 250.01M USD. Net income FY2022 48.9M USD. Net income FY2023 −117.24M USD. Net income FY2024 −46.73M USD. Net income FY2025 −125.05M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue91.96M USD37.76M USD−59.37M USD90.95M USD258.95M USD
Cost of goods sold84.15M USD28.35M USD15.9M USD6.46M USD2.43M USD
Gross profit7.81M USD9.41M USD−75.27M USD84.5M USD256.51M USD
Selling, general, and administrative23.78M USD20.21M USD13.43M USD20.86M USD6.39M USD
Operating expenses104.77M USD64.61M USD39.24M USD25.62M USD6.5M USD
Interest income9.38M USD7.22M USD7.03M USD8.42M USD7.58M USD
Interest expense26.6M USD28.35M USD15.9M USD6.46M USD2.43M USD
Depreciation and amortization17.74M USD15.6M USD13.94M USD7.18M USD—
Operating income−96.96M USD−55.2M USD−114.51M USD58.88M USD250.01M USD
Net income−125.05M USD−46.73M USD−117.24M USD48.9M USD250.01M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.08-0.29-0.67-1.04Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual -0.218, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.191, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual -0.8, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual -0.965, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual -0.289, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual -0.76, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual -0.46, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 14, 2026: actual 0.001, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates35M13.76M-7.48M-28.73MQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 22.22M USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 18.47M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 30.6M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual -24.33M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 17.46M USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual 19.37M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 20.09M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 14, 2026: actual 18.47M USD, estimate —, surprise —, Comparison unavailable.

NXDT news

prnewswire.com

NexPoint Diversified Real Estate Trust Announces Preferred Share Distribution

DALLAS, July 29, 2026 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) ("NXDT" or the "Company") today announced a distribution for its 5.50% Series A Cumulative Preferred Shares (NYSE: NXDT PR A) of…

Read source
prnewswire.com

NexPoint Diversified Real Estate Trust Announces Quarterly Distribution

Company Maintains Cash Distribution at Same Level but Discontinues Share Distribution DALLAS, July 28, 2026 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE: NXDT) announced today that its board of…

Read source
seekingalpha.com

NexPoint Diversified Real Estate Trust (NXDT) Q1 2026 Earnings Call Prepared Remarks Transcript

NexPoint Diversified Real Estate Trust (NXDT) Q1 2026 Earnings Call Prepared Remarks Transcript

Read source
prnewswire.com

NexPoint Diversified Real Estate Trust Announces Investor Update Call

DALLAS, June 15, 2026 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE: NXDT) announced today that the Company is scheduled to host a conference call on Wednesday, June 24, 2026, at 11:00 a.m. ET…

Read source

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ETFs holding NXDT

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
5.37M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$298.94-0.34%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
5.14M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$377.34-0.24%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
2.26M
Weight
0.02%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.98+0.08%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
2.12M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$244.21-0.54%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
1.14M
Weight
0.00%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.495-0.98%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
932.74K
Weight
0.01%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$120.86-0.33%
iShares Core U.S. REIT ETF logoiShares Core U.S. REIT ETFUSRT
Market value
817.6K
Weight
0.02%
AUM
4.66B USD
Expense ratio
0.08%
Price / 1D
$67.235+0.17%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
708.59K
Weight
0.05%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$197.74-0.20%

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