NexPoint Diversified Real Estate Trust
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
NXDT · Price history
Price at last available close
$5.21
−$0.02 (-0.38%) 1M
2026-10-27
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Company & revenue
About NexPoint Diversified Real Estate Trust
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
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.
How they make money
NexPoint Diversified Real Estate Trust is an externally advised REIT that generates revenue primarily through the ownership, operation, and management of a diversified portfolio of commercial real estate properties. It also earns income by investing across the capital structure, including mortgage debt, mezzanine debt, and preferred equity investments in various real estate property types.
Products & services
The company provides real estate investment opportunities across sectors including industrial, hospitality, net lease, retail, office, storage, and healthcare, as well as multifamily and single-family rentals.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Property management service providers — The company utilizes third-party property managers to oversee the day-to-day operations of its real estate portfolio; specific supplier names are unnamed.Source
Business relationships & partnerships
- NexPoint Real Estate Advisors X, L.P. — The company is externally managed by this entity, which provides asset management and advisory services under an advisory agreement.Source
Strengths
- Diversified portfolio across multiple commercial real estate property types and capital structuresSource
Company-specific research
Questions worth answering for NXDT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving NXDT's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is NXDT's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is NXDT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for NXDT to reach sustainable profitability?
- •What future growth or profitability would be needed to justify NXDT's current valuation?
Essential Investment Snapshot
Market Cap
$276.7M
P/E Ratio
-3.4
EPS
$-1.51
52-Week High
$5.95
52-Week Low
$2.55
Beta
0.90
Shares Outstanding
46.3M
Total Debt
$280.1M
Dividend Yield (TTM)
9.21%
Liquidation Value / Share
$15.46
Dividend / Share (TTM)
$0.48
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NXDT
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on NXDT.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Diversified portfolio across multiple commercial real estate property types and capital structures.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
- −Relative illiquidity of real estate investments.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$5.21
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +143.5%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164.9M | $92.0M | $37.8M | -$59.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $104.8M | $84.2M | $28.4M | $15.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $60.0M | $7.8M | $9.4M | -$75.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $25.4M | $23.8M | $20.2M | $13.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $84.3M | $104.8M | $64.6M | $39.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$44.4M | -$109.4M | -$39.6M | -$100.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$24.2M | -$97.0M | -$55.2M | -$114.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $23.7M | $26.6M | $28.4M | $15.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$66.5M | -$127.1M | -$55.2M | -$114.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $600K | -$111K | $1.4M | $2.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$67.0M | -$125.1M | -$46.7M | -$117.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.48 | $-2.81 | $-1.28 | $-3.26 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 51.75M | 46.25M | 40.23M | 37.33M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 60.44M | 46.25M | 40.23M | 37.33M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$19.5M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.00
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-12.4%
Cash Change
+146.6%
Margin Change
-170.6 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included cash levels, debt levels. Pressure indicators included revenue growth, EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 180.1%. EPS declined 100.1%. Cash increased 146.6%. Total debt declined 12.4%. Net income margin declined by 170.6 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
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5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
REIT - DiversifiedNews
NexPoint Diversified Real Estate Trust (NXDT) Discusses Real Estate Market Trends, Portfolio Updates, and Strategies to Narrow NAV Discount Prepared Remarks Transcript
NexPoint Diversified Real Estate Trust Announces Investor Update Call
NexPoint Diversified Real Estate Trust Announces Preferred Share Distribution
Rumor Mill · NXDT
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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