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NexPoint Diversified Real Estate Trust NXDT

Listed / Traded Diversified NYSE Mgmt:

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.

This overview is background from company filings and may not reflect the latest quarter — the figures above are the current data, and the SEC filings are the primary source.

Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.

Snapshot

Price
$5.45
Market cap
$289.43M
Enterprise value
$550.33M
Dividend yieldi
2.20%
Annual dividendi
$0.12
Frequency
Quarterly
FFO / sharei
Not reported (common for mortgage REITs)
AFFO / sharei
Not reported in latest 8-K
Net debt / EBITDAi
-5.98x · GAAP est.
Op. cash flow / sharei
$0.20
Price / OCFi
27.50
Payout (% of OCF)i
60.55%
Debt / book capitali
28.15%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

$10,000 invested

1834shares (~$5.45 each)
$220est. dividends / year
$18≈ per month
2.20%current yield

Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.

Model NXDT yourself — any amount, shares, per-payment & a multi-year DRIP projection →

Balance sheet (latest FY: 2025)

Total debt
$309.63M
Cash
$8.17M
Net debt / EBITDAi
-5.98x
Debt / book capitali
28.15%
Total assets
$1.07B
Total equity
$720.47M
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Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $91.96M $-125.05M $17.74M $-109.41M $9.17M
2024 $37.76M $-46.73M $15.60M $-39.60M $-11.66M
2023 $-59.37M $-117.24M $13.94M $-100.57M $-24.27M
2022 $90.95M $48.90M $7.17M $58.88M $70.05M
2021 $258.95M $250.01M $0.00 $250.01M $38.07M
2020 $-109.79M $-120.77M $0.00 $-120.77M $341.90M

Dividends

Recent regular dividends per share (special distributions excluded), oldest → newest.

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-09-152026-09-152026-09-30 2026-07-27$0.03Quarterly
2026-05-222026-05-222026-06-30 2026-04-27$0.15Quarterly
2026-02-202026-02-202026-03-31 2026-02-10$0.15Quarterly
2025-11-212025-11-212025-12-31 2025-10-28$0.15Quarterly
2025-08-142025-08-142025-09-30 2025-07-29$0.15Quarterly
2025-05-092025-05-092025-06-30 2025-04-29$0.15Quarterly
2025-02-282025-02-282025-03-31 2025-02-18$0.15Quarterly
2024-11-152024-11-152024-12-31 2024-10-29$0.15Quarterly
2024-08-152024-08-152024-09-30 2024-07-31$0.15Quarterly
2024-05-142024-05-152024-06-28 2024-05-02$0.15Quarterly
2024-02-152024-02-162024-03-28 2024-02-05$0.15Quarterly
2023-11-162023-11-172023-12-29 2023-11-07$0.15Quarterly
2023-08-142023-08-152023-09-29 2023-07-27$0.15Quarterly
2023-06-142023-06-152023-06-30 2023-04-26$0.15Quarterly
2023-03-142023-03-152023-03-31 2023-02-23$0.15Quarterly
2022-12-142022-12-152022-12-30 2022-10-25$0.15Quarterly
2022-09-162022-09-192022-09-30 2022-09-07$0.05Monthly
2022-08-232022-08-242022-08-31 2022-08-01$0.05Monthly
2022-07-212022-07-222022-08-01 2022-07-06$0.05Monthly
2022-06-222022-06-232022-06-30 2022-06-01$0.05Monthly
2022-05-232022-05-242022-05-31 2022-05-02$0.05Monthly
2022-04-212022-04-222022-04-29 2022-04-01$0.05Monthly
2022-03-232022-03-242022-03-31 2022-03-01$0.05Monthly
2022-02-172022-02-182022-02-28 2022-02-01$0.05Monthly

Coverage (payout of operating cash flow): 60.55%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Recent news — NXDT

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Other Diversified REITs

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.

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