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Companies / Real Estate / NEXPOINT DIVERSIFIED REAL ESTATE TRUST
NXDT

NEXPOINT DIVERSIFIED REAL ESTATE TRUST

Real EstateREITs
Ticker NXDTDALLAS, TXFiscal year ends DecemberBook value per share $13.22Diluted shares 50.9M

NexPoint Diversified Real Estate Trust (NYSE: NXDT) operates as an externally advised, publicly traded real estate investment trust focused on acquiring, managing, developing, and disposing of opportunistic, value-add investments in commercial real estate properties throughout the United States. The company's website… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$85.97M
+3.3% year over year
Last 12 mo $78.07M
-1.61%
+3.4 percentage points
Last 12 mo -1.55%
$-127.04M
−124.6% year over year
Last 12 mo $-67.07M
-18.26%
−13 percentage points
Last 12 mo -10.93%
Cash & financing
$9.17M
+178.6% year over year
Last 12 mo $-3.12M
$9.17M
+178.6% year over year
Last 12 mo $-3.12M
0.43
Was 0.42× a year earlier
Last 12 mo 0.40
46.3M
+15.0% year over year
Last 12 mo 50.9M

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) operates as an externally advised, publicly traded real estate investment trust focused on acquiring, managing, developing, and disposing of opportunistic, value-add investments in commercial real estate properties throughout the United States. The company's website is located at nxdt.nexpoint.com.

The trust maintains a diversified investment approach across multiple real estate property types and capital structures, including equity, mortgage debt, mezzanine debt, and preferred equity interests. Target underlying property types include single-family rentals, multifamily apartments, self-storage, life science facilities, office, industrial, hospitality, net lease, retail, and small-bay industrial properties. The company also holds certain non-real estate securities to a limited extent, including common equity, preferred equity, loans, collateralized loan obligations, rights and warrants, convertible notes, bonds, litigation claims, and midband spectrum frequency licenses.

As of December 31, 2025, the company operates through two reportable segments. The Diversified segment represents the primary focus and includes four operating properties, equity method investments in various real estate platforms, and other diversified investments. The Hospitality segment comprises four operating hotel properties. Based on net equity, the overall portfolio consists of 77.6 percent real estate investments and 22.4 percent other investments.

The company's portfolio includes operating properties such as Cityplace in Dallas, the Dallas Hilton Garden Inn, St. Petersburg Marriott, Hyatt Place Park City, and Bradenton Hampton Inn & Suites. Significant equity method investments include positions in VineBrook Homes Operating Partnership focused on single-family rentals, NexPoint Real Estate Finance Operating Partnership and NexPoint Real Estate Finance, Inc. for mortgage investments, and NexPoint Storage Partners for self-storage operations.

NexPoint Diversified Real Estate Trust is externally managed by NexPoint Real Estate Advisors X, L.P., which handles day-to-day operations and investment management decisions. The company has no employees, with all executive officers employed by the adviser or its affiliates. The trust has elected to be taxed as a real estate investment trust for federal income tax purposes and maintains a smaller reporting company status.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
1356115
SIC
6798

Financial performance, year by year

Fiscal 2023–2025 · USD
$-148.34M$-84.44M$-20.54M$43.36M$107.27M202320242025Last 12 moLast 12 monthsLast 12 months

The 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.

Ownership

Who owns NEXPOINT DIVERSIFIED REAL ESTATE TRUST — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

90
funds hold it
0 of 35
superinvestors hold it
$48.11M
held by funds, at market
17.3%
of shares held by funds

Largest fund holders · NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s weight in each

1.27%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Matisse Discounted Closed-End Fund Strategy
MDCEX · Starboard Investment Trust
6.22%of fund net assets
Highland Global Allocation Fund
HGLB · HIGHLAND GLOBAL ALLOCATION FUND
1.24%of fund net assets

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.

Connected research

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