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NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust. It focuses on the acquisition, development, and management of opportunistic and value-add investments throughout the United States across multiple sectors where NexPoint and its affiliates have operational expertise. NXDT is externally advised by NexPoint Real Estate Advisors X, L.P. NexPoint Diversified Real Estate Trust was incorporated in June 1st, 2006, in Delaware, USA.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $-61M | - | $-125M | $9M | -17.3% | -745.9% | - |
| 2024 | $9M | - | $-47M | $-12M | -5.6% | - | - |
| 2023 | $-75M | - | $-117M | $-24M | -13.2% | -189.1% | -339.7% |
| 2022 | $84M | - | $49M | $70M | 4.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 84.50 | -75.27 | 9.41 | -60.75 |
| Operating Expense | 25.62 | 39.24 | 64.61 | 66.40 |
| Pretax Income | 58.88 | -114.51 | -55.20 | -127.15 |
| Tax Provision | 0 | 2.73 | 1.37 | -0.11 |
| Net Income | 48.90 | -117.24 | -46.73 | -125.05 |
| Net Income Common Stockholders | 44.28 | -121.86 | -51.35 | -130.19 |
| Interest Expense | 6.46 | 15.90 | 28.35 | 26.60 |
| Interest Income | 8.42 | 7.03 | 7.22 | 9.38 |
| Selling General And Administration | 20.86 | 13.43 | 20.21 | 18.61 |
| Normalized Income | 48.90 | -117.24 | -46.73 | -125.09 |
| Basic EPS | 0 | -3.26 | -1.28 | 0 |
| Diluted EPS | 0 | -3.26 | -1.28 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.40 | 0.21 | 0.21 | 0 |
| Total Unusual Items | 0 | 0 | 0 | 0.04 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0.04 |
| Net Income From Continuing Operation Net Minority Interest | 48.90 | -117.24 | -46.73 | -125.05 |
| Reconciled Depreciation | 0 | 13.94 | 15.60 | 17.74 |
| Net Interest Income | 1.97 | -8.87 | -21.14 | -17.22 |
| Net Income From Continuing And Discontinued Operation | 48.90 | -117.24 | -46.73 | -125.05 |
| Diluted Average Shares | 0 | 37.33 | 40.23 | 0 |
| Basic Average Shares | 0 | 37.33 | 40.23 | 0 |
| Diluted NI Availto Com Stockholders | 44.28 | -121.86 | -51.35 | -130.19 |
| Preferred Stock Dividends | 4.62 | 4.62 | 4.62 | 5.14 |
| Minority Interests | 0 | 0 | 9.84 | 1.99 |
| Net Income Including Noncontrolling Interests | 48.90 | -117.24 | -56.57 | -127.04 |
| Net Income Continuous Operations | 48.90 | -117.24 | -56.57 | -127.04 |
| Gain On Sale Of Security | 26.82 | -1.63 | -21.48 | 5.99 |
| Other Operating Expenses | 4.77 | 11.87 | 28.80 | 30.05 |
| Depreciation And Amortization In Income Statement | 0 | 13.94 | 15.60 | 17.74 |
| Depreciation Income Statement | 0 | 13.94 | 15.60 | 17.74 |
| General And Administrative Expense | 20.86 | 13.43 | 20.21 | 18.61 |
| Operating Revenue | 84.50 | -75.27 | 9.41 | -60.75 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NexPoint Diversified Real Estate Trustthis co. | NXDT | $254M | - | 0.36 | -17.3% | 37.13 |
| Ares Commercial Real Estate Corporation | ACRE | $287M | - | 0.56 | -0.2% | - |
| SITE Centers Corp. | SITC | $287M | 1.63 | 0.86 | 53.1% | 4.74 |
| Seaport Entertainment Group Inc. | SEG | $286M | - | 0.62 | -25.0% | -5.37 |
| BRT Apartments Corp. |
| BRT |
| $268M |
| - |
| 1.51 |
| -6.7% |
| 14.41 |
| TPG Mortgage Investment Trust, Inc. | MITT | $244M | 18.31 | 0.72 | 8.7% | - |
| Stratus Properties Inc. | STRS | $241M | 20.30 | 1.18 | 3.5% | -38.77 |
| Angel Oak Mortgage REIT, Inc. | AOMR | $225M | 5.02 | 0.84 | 16.5% | - |
| American Realty Investors, Inc. | ARL | $222M | 14.18 | 0.36 | - | 99.05 |
| Peer Median | - | 14.18 | 0.78 | 3.5% | 4.74 | |