Nexpoint Diversified Real Estate Trust Financials
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).
Near-breakeven operations coexist with deep reported losses, while positive cash generation meets a shrinking equity cushion.
Earnings quality is the central split: FY2025 operating income was-$1M , but net income was-$127M , so reported losses were far larger than the operating result. Meanwhile, operating cash flow improved from-$12M in FY2024 to$9M in FY2025, suggesting that noncash or below-operating-line effects, rather than matching cash use, drove much of the reported loss.
The balance sheet is shrinking while leverage rises: liabilities declined to
Operating margin 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.
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 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 $86.0M in revenue in fiscal year 2025. This represents an increase of 3.3% from the prior year.
Nexpoint Diversified Real Estate Trust's EBITDA was $16.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 42.9% from the prior year.
Nexpoint Diversified Real Estate Trust reported -$127.0M in net income in fiscal year 2025. This represents a decrease of 124.6% from the prior year.
Nexpoint Diversified Real Estate Trust earned -$2.81 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 119.5% from the prior year.
Cash & Balance Sheet
Nexpoint Diversified Real Estate Trust held $8.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Nexpoint Diversified Real Estate Trust paid $0.60 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Nexpoint Diversified Real Estate Trust's operating margin was -1.6% in fiscal year 2025, reflecting core business profitability. This is up 3.4 percentage points from the prior year.
Nexpoint Diversified Real Estate Trust's ROE was -18.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Nexpoint Diversified Real Estate Trust spent $1.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
NXDT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.3M-15.5% | $22.9M+24.3% | $18.4M+5.4% | $17.5M-17.0% | $21.0M-27.7% | $29.1M+12.1% | $25.9M+16.7% | $22.2M |
| SG&A Expenses | N/A | $1.7M | N/A | N/A | N/A | $2.0M | N/A | $2.8M |
| Operating Income | $2.1M-38.7% | $3.5M+200.0% | -$3.5M-3.7% | -$3.3M-2403.0% | -$133K-102.4% | $5.5M+492.9% | $933K+115.7% | -$5.9M |
| Interest Expense | $5.3M-6.6% | $5.7M-1.7% | $5.8M-16.2% | $6.9M+4.0% | $6.6M-8.8% | $7.3M-5.3% | $7.7M-7.3% | $8.3M |
| Income Tax | $374K-58.9% | $909K+191.3% | $312K+131.4% | -$995K-55.2% | -$641K-152.8% | $1.2M+770.2% | -$181K-125.9% | $700K |
| Net Income | $61K+100.3% | -$23.0M+32.0% | -$33.8M-146.8% | -$13.7M+69.8% | -$45.3M-31.9% | -$34.3M-144.3% | -$14.1M-40.0% | -$10.0M |
| EPS (Diluted) | $0.00+100.0% | -$0.46+38.7% | -$0.75-158.6% | -$0.29+70.7% | -$0.99-23.7% | -$0.80 | -$0.21 | -$0.25 |
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.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B+1.2% | $1.0B-4.5% | $1.1B-2.9% | $1.1B-0.4% | $1.1B-5.8% | $1.2B-3.7% | $1.2B-1.3% | $1.2B |
| Cash & Equivalents | $11.7M+23.7% | $9.4M+15.5% | $8.2M+53.8% | $5.3M+12.3% | $4.7M-50.0% | $9.5M+7.7% | $8.8M+3.2% | $8.5M |
| Total Liabilities | $324.1M+0.1% | $323.6M-8.5% | $353.9M-0.7% | $356.5M+0.5% | $354.8M-7.0% | $381.6M-2.5% | $391.3M-1.6% | $397.8M |
| Total Equity | $673.0M-0.2% | $674.6M-3.6% | $700.1M-5.3% | $739.0M-1.8% | $752.7M-6.2% | $802.7M-4.0% | $836.5M-0.8% | $842.9M |
| Retained Earnings | -$401.0M-2.1% | -$393.0M-8.5% | -$362.1M-14.1% | -$317.3M-7.1% | -$296.2M-21.5% | -$243.7M-20.2% | -$202.8M-8.2% | -$187.5M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, 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.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.6M-830.3% | -$498K-142.2% | $1.2M+41.3% | $835K+1013.3% | $75K-98.9% | $7.1M+272.0% | -$4.1M-928.0% | $497K |
| Investing Cash Flow | -$855K-103.3% | $26.2M+1014.4% | $2.4M+1067.5% | -$243K-101.0% | $25.3M+165.9% | $9.5M+26.8% | $7.5M+131.6% | -$23.8M |
| Financing Cash Flow | $7.9M+128.2% | -$28.0M-1124.2% | -$2.3M-427.7% | $697K+102.5% | -$27.5M-88.3% | -$14.6M-88.5% | -$7.7M-452.0% | $2.2M |
| Dividends Paid | $2.1M+14.8% | $1.8M+15.6% | $1.6M+10.5% | $1.4M-7.8% | $1.5M+5.0% | $1.5M+16.9% | $1.3M+2.5% | $1.2M |
| Share Buybacks | $515K-77.1% | $2.3M+107.4% | $1.1M+35.6% | $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.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 10.9%-4.2pp | 15.1%+33.9pp | -18.8%+0.3pp | -19.1%-18.4pp | -0.6%-19.7pp | 19.0%+15.4pp | 3.6%+30.4pp | -26.8% |
| Net Margin | 0.3% | -100.4% | -183.6% | -78.4% | -215.1% | -118.0% | -54.2%-9.0pp | -45.2% |
| Return on Equity | 0.0%+3.4pp | -3.4%+1.4pp | -4.8%-3.0pp | -1.8%+4.2pp | -6.0%-1.7pp | -4.3%-2.6pp | -1.7%-0.5pp | -1.2% |
| Return on Assets | 0.0%+2.3pp | -2.2%+0.9pp | -3.1%-1.9pp | -1.2%+2.8pp | -4.1%-1.2pp | -2.9%-1.8pp | -1.1%-0.3pp | -0.8% |
| Debt-to-Equity | 0.480.0x | 0.480.0x | 0.510.0x | 0.480.0x | 0.470.0x | 0.480.0x | 0.470.0x | 0.47 |
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.
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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 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 6 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.