NexPoint Diversified Real Estate Trust (NXDT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NXDT SEC filings page.
NexPoint Diversified Real Estate Trust (NXDT) reported $78.1M in revenue over the twelve months to Jun 30, 2026, down 20.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The trust's asset base contracted in FY2025 while its reported net loss widened, despite slightly higher revenue.
From FY2024 to FY2025, total assets fell12.3% while total liabilities fell9.6% ; liabilities therefore shrank more slowly than the asset base. That mix left equity down16.3% and debt-to-equity higher at 0.5x, indicating a more leveraged structure even as the trust became smaller.
Revenue increased
Reported operating cash flow moved from
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of NexPoint Diversified Real Estate Trust's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. NexPoint Diversified Real Estate Trust scores 4/100 on it among other REITs.
Not available for NexPoint Diversified Real Estate Trust, and counted as zero in the overall score.
Not available for NexPoint Diversified Real Estate Trust, and counted as zero in the overall score.
NexPoint Diversified Real Estate Trust reported an operating loss of $1.4M in fiscal year 2025 against interest expense of $26.6M, so there is no cover to state. The interest coverage axis ranks REITs on operating income against interest owed, and NexPoint Diversified Real Estate Trust scores 19/100 among other REITs.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. NexPoint Diversified Real Estate Trust scores 6/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. NexPoint Diversified Real Estate Trust scores 3/100 on it among other REITs.
NexPoint Diversified Real Estate Trust passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
NexPoint Diversified Real Estate Trust reported a net loss of $127.0M while generating $9.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
NexPoint Diversified Real Estate Trust reported an operating loss of $1.4M against $26.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
NexPoint Diversified Real Estate Trust generated $19.3M in revenue in Q2 2026. This represents a decrease of 8.1% from the same quarter a year earlier. Against the prior quarter it is down 15.5%.
NexPoint Diversified Real Estate Trust's EBITDA was $5.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.6% from the same quarter a year earlier. Against the prior quarter it is down 23.0%.
NexPoint Diversified Real Estate Trust reported $61K in net income in Q2 2026. This represents an increase of 100.1% from the same quarter a year earlier. Against the prior quarter it is up 100.3%.
NexPoint Diversified Real Estate Trust earned $0.00 per diluted share (EPS) in Q2 2026. This represents an increase of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.
Cash & Balance Sheet
NexPoint Diversified Real Estate Trust held $11.7M in cash as of Q2 2026; long-term debt is not reported for that period.
NexPoint Diversified Real Estate Trust paid $0.15 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
NexPoint Diversified Real Estate Trust's operating margin was 10.9% in Q2 2026, reflecting core business profitability. This is up 11.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.2 percentage points.
NexPoint Diversified Real Estate Trust's net profit margin was 0.3% in Q2 2026, showing the share of revenue converted to profit. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
NexPoint Diversified Real Estate Trust's ROE was 0.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 6.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.4 percentage points.
Not reported for Q2 2026.
Capital Allocation
NexPoint Diversified Real Estate Trust spent $515K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 77.1%.
Not reported for Q2 2026.
Not reported for Q2 2026.
NXDT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.3M-8.1% | $22.9M-21.3% | $18.4M-29.0% | $17.5M-21.4% | $21.0M-5.6% | $29.1M+127.1% | $25.9M+16.9% | $22.2M+79.7% |
| SG&A Expenses | N/A | $1.7M-16.1% | N/A | N/A | N/A | $2.0M | N/A | $2.8M |
| Operating Income | $2.1M+1691.0% | $3.5M-37.6% | -$3.5M-470.0% | -$3.3M+44.0% | -$133K-122.4% | $5.5M+1956.5% | $933K-90.4% | -$5.9M-1041.3% |
| EBITDA | $5.5M+54.6% | $7.2M-24.1% | $3.0M-45.2% | $371K+122.5% | $3.6M-22.3% | $9.4M+208.0% | $5.4M-63.9% | -$1.6M-172.2% |
| Interest Expense | $5.3M-20.0% | $5.7M-21.8% | $5.8M-24.7% | $6.9M-16.7% | $6.6M-15.5% | $7.3M+60.6% | $7.7M+70.5% | $8.3M+98.6% |
| Income Tax | $374K+158.3% | $909K-25.1% | $312K+272.4% | -$995K-242.1% | -$641K-311.6% | $1.2M+120.5% | -$181K-114.1% | $700K+112.1% |
| Net Income | $61K+100.1% | -$23.0M+33.1% | -$33.8M-140.4% | -$13.7M-36.4% | -$45.3M-362.5% | -$34.3M-51.2% | -$14.1M-3.4% | -$10.0M+85.5% |
| EPS (Basic) | $0.00+100.0% | -$0.46+42.5% | -$0.75-257.1% | -$0.29-16.0% | -$0.99-312.5% | -$0.80-35.6% | -$0.21+52.3% | -$0.25+86.6% |
| EPS (Diluted) | $0.00+100.0% | -$0.46+42.5% | -$0.75-257.1% | -$0.29-16.0% | -$0.99-312.5% | -$0.80-35.6% | -$0.21 | -$0.25+86.6% |
| Diluted Shares (Avg) | 60M+32.3% | 50M+16.7% | N/A | 47M+16.3% | 46M+15.3% | 43M+11.2% | N/A | 41M+9.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
NXDT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B-6.5% | $1.0B-13.0% | $1.1B-12.3% | $1.1B-10.8% | $1.1B-11.1% | $1.2B+9.8% | $1.2B+11.5% | $1.2B+12.7% |
| Cash & Equivalents | $11.7M+146.6% | $9.4M-0.4% | $8.2M-7.1% | $5.3M-37.7% | $4.7M-83.3% | $9.5M-53.1% | $8.8M-57.3% | $8.5M+129.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $324.1M-8.7% | $323.6M-15.2% | $353.9M-9.6% | $356.5M-10.4% | $354.8M-9.2% | $381.6M+80.4% | $391.3M+83.5% | $397.8M+99.5% |
| Total Equity | $673.0M-10.6% | $674.6M-16.0% | $700.1M-16.3% | $739.0M-12.3% | $752.7M-12.4% | $802.7M-7.0% | $836.5M-5.5% | $842.9M-6.5% |
| Retained Earnings | -$401.0M-35.4% | -$393.0M-61.2% | -$362.1M-78.5% | -$317.3M-69.3% | -$296.2M-73.1% | -$243.7M-57.1% | -$202.8M-60.2% | -$187.5M-80.7% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
NXDT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.6M-6277.3% | -$498K-107.0% | $1.2M+128.7% | $835K+68.0% | $75K+101.4% | $7.1M+376.9% | -$4.1M+29.0% | $497K-79.1% |
| Depreciation & Amortization | $3.4M-8.1% | $3.7M-5.0% | $5.9M+41.8% | $3.7M-14.0% | $3.7M-7.5% | $3.9M+39.8% | $4.2M+39.3% | $4.3M+53.6% |
| Stock-Based Compensation | N/A | $1.1M+37.1% | N/A | N/A | N/A | $804K+47.0% | N/A | N/A |
| Investing Cash Flow | -$855K-103.4% | $26.2M+175.0% | $2.4M-68.7% | -$243K+99.0% | $25.3M-27.2% | $9.5M+28.1% | $7.5M+25.3% | -$23.8M-799.4% |
| Financing Cash Flow | $7.9M+128.7% | -$28.0M-91.7% | -$2.3M+70.5% | $697K-68.3% | -$27.5M-216.5% | -$14.6M-234.4% | -$7.7M-151.2% | $2.2M+132.9% |
| Dividends Paid | $2.1M+35.1% | $1.8M+23.5% | $1.6M+25.0% | $1.4M+16.0% | $1.5M+19.0% | $1.5M+27.0% | $1.3M+32.7% | $1.2M+0.7% |
| Share Buybacks | $515K | $2.3M | $1.1M | $800K | $0 | $0 | $0 | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
NXDT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 10.9%+11.6pp | 15.1%-3.9pp | -18.8%-22.4pp | -19.1%+7.7pp | -0.6%-3.3pp | 19.0%+16.9pp | 3.6%-40.4pp | -26.8%-22.6pp |
| Net Margin | 0.3% | -100.4% | -183.6% | -78.4%-33.2pp | -215.1% | -118.0% | -54.2%+7.1pp | -45.2% |
| Return on Equity | 0.0%+6.0pp | -3.4%+0.9pp | -4.8%-3.1pp | -1.8%-0.7pp | -6.0%-4.9pp | -4.3%-1.6pp | -1.7%-0.1pp | -1.2%+6.5pp |
| Return on Assets | 0.0%+4.1pp | -2.2%+0.7pp | -3.1%-2.0pp | -1.2%-0.4pp | -4.1%-3.3pp | -2.9%-0.8pp | -1.1%+0.1pp | -0.8%+5.5pp |
| Debt-to-Equity | 0.480.0x | 0.480.0x | 0.510.0x | 0.480.0x | 0.470.0x | 0.48+0.2x | 0.47+0.2x | 0.47+0.3x |
| Asset Turnover | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| NexPoint Diversified Real Estate Trust NXDT | FY2025 | $86.0M | -$127.0M | N/A | $260.2M | 5/100 |
| FrontView REIT, Inc. FVR | FY2025 | $67.1M | -$3.8M | -5.7% | $419.4M | 49/100 |
| CTO Realty Growth, Inc. CTO | FY2025 | $149.5M | $2.6M | 1.7% | $770.0M | 55/100 |
| One Liberty Properties, Inc. OLP | FY2025 | N/A | $25.5M | N/A | $484.7M | — |
| Gladstone Commercial Corporation - REIT GOOD | FY2025 | $161.3M | $19.3M | 11.9% | $603.6M | 43/100 |
| Global Net Lease, Inc. GNL | FY2025 | $495.3M | -$225.5M | -45.5% | $1.7B | 13/100 |
Where NexPoint Diversified Real Estate Trust Ranks
Frequently Asked Questions
What is NexPoint Diversified Real Estate Trust's annual revenue?
NexPoint Diversified Real Estate Trust (NXDT) reported $86.0M in total revenue for fiscal year 2025. This represents a 3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NexPoint Diversified Real Estate Trust's revenue growing?
NexPoint Diversified Real Estate Trust (NXDT) revenue grew by 3.3% year-over-year, from $83.2M to $86.0M in fiscal year 2025.
Is NexPoint Diversified Real Estate Trust profitable?
No, NexPoint Diversified Real Estate Trust (NXDT) reported a net income of -$127.0M in fiscal year 2025.
What is NexPoint Diversified Real Estate Trust's EBITDA?
NexPoint Diversified Real Estate Trust (NXDT) had EBITDA of $16.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is NexPoint Diversified Real Estate Trust's operating margin?
NexPoint Diversified Real Estate Trust (NXDT) had an operating margin of -1.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Does NexPoint Diversified Real Estate Trust pay dividends?
Yes, NexPoint Diversified Real Estate Trust (NXDT) paid $0.60 per share in dividends during fiscal year 2025.
What is NexPoint Diversified Real Estate Trust's return on equity (ROE)?
NexPoint Diversified Real Estate Trust (NXDT) has a return on equity of -18.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is NexPoint Diversified Real Estate Trust's operating cash flow?
NexPoint Diversified Real Estate Trust (NXDT) generated $9.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are NexPoint Diversified Real Estate Trust's total assets?
NexPoint Diversified Real Estate Trust (NXDT) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What is NexPoint Diversified Real Estate Trust's debt-to-equity ratio?
NexPoint Diversified Real Estate Trust (NXDT) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NexPoint Diversified Real Estate Trust's return on assets (ROA)?
NexPoint Diversified Real Estate Trust (NXDT) had a return on assets of -11.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is NexPoint Diversified Real Estate Trust's P/E ratio?
NexPoint Diversified Real Estate Trust (NXDT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $260.2M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NexPoint Diversified Real Estate Trust's price-to-sales ratio?
NexPoint Diversified Real Estate Trust (NXDT) trades at 3.3x sales, its market capitalization divided by revenue of $78.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $260.2M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NexPoint Diversified Real Estate Trust's Piotroski F-Score?
NexPoint Diversified Real Estate Trust (NXDT) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NexPoint Diversified Real Estate Trust's earnings high quality?
NexPoint Diversified Real Estate Trust (NXDT) reported a net loss of $127.0M while generating $9.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can NexPoint Diversified Real Estate Trust cover its interest payments?
NexPoint Diversified Real Estate Trust (NXDT) reported an operating loss of $1.4M against $26.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is NexPoint Diversified Real Estate Trust?
NexPoint Diversified Real Estate Trust (NXDT) scores 5 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.