NexPoint Diversified Real Estate Trust
NexPoint Diversified Real Estate Trust (NYSE: NXDT) is an externally advised real estate investment trust that acquires, manages, develops and disposes of opportunistic, value-add real estate investments across the United States. It invests primarily in commercial property and across the capital structure through… From the company’s description.
Over the twelve months to Jun 30, 2026, NexPoint Diversified Real Estate Trust reported revenue of $78.07M, down 20.5% from a year earlier, and a net loss of $67.07M. Its operating margin was −1.6%, and operations used $3.12M in cash. In fiscal 2025, it reported revenue of $85.97M, up 3.3% from fiscal 2024, and a net loss of $127.04M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What NexPoint Diversified Real Estate Trust does
In the company’s own words
NexPoint Diversified Real Estate Trust (NYSE: NXDT) is an externally advised real estate investment trust that acquires, manages, develops and disposes of opportunistic, value-add real estate investments across the United States. It invests primarily in commercial property and across the capital structure through property ownership and equity, mortgage debt, mezzanine debt and preferred equity, with target areas including single-family rentals, multifamily, self-storage, life sciences, office, industrial, hospitality and retail. The portfolio also includes a limited amount of non-real-estate securities and other investments. Its two reportable segments are Diversified, focused on varied commercial property types and investment structures, and Hospitality, which operates and renovates U.S. hotel properties. At December 31, 2025, the portfolio included eight operating properties, alongside equity investments, loans, notes and other holdings; based on net equity, 77.6% of the portfolio was in real estate investments and 22.4% in other investments. The trust changed its name from Highland Credit Strategies Fund in 2021 and elected REIT tax treatment beginning that year. Its website is nxdt.nexpoint.com.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- DALLAS, TX
- Fiscal year end
- December
- CIK
- 1356115
- SIC
- 6798
Financial performance, year by year
Fiscal 2023–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns NexPoint Diversified Real Estate Trust — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · NexPoint Diversified Real Estate Trust’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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