NexPoint Diversified Real Estate Trust Announces Preferred Share Distribution

Rhea-AI Summary

NexPoint Diversified Real Estate Trust (NYSE: NXDT) has declared a dividend for its 5.50% Series A Cumulative Preferred Shares (NYSE: NXDT PR A). The dividend amount is set at $0.34375 per share and will be payable on September 30, 2024. Shareholders of record as of the close of business on September 23, 2024, will be eligible to receive this dividend. This announcement demonstrates NXDT's commitment to providing regular returns to its preferred shareholders, which may be viewed positively by investors seeking stable income from real estate investment trusts.

Positive

• Consistent dividend payment to preferred shareholders, indicating financial stability
• Maintenance of 5.50% Series A Cumulative Preferred Shares, suggesting ongoing investor interest

Negative

• None.

News Market Reaction

-2.31%

1 alert

-2.31% News Effect

On the day this news was published, NXDT declined 2.31%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

DALLAS, July 31, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) ("NXDT" or the "Company") today announced a dividend for its 5.50% Series A Cumulative Preferred Shares (NYSE: NXDT PR A) ("Preferred Shares") of $0.34375 per share. The dividend will be payable on September 30, 2024, to Preferred Shareholders of record at the close of business September 23, 2024. 

About NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust (REIT) focused 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. For more information, please visit nxdt.nexpoint.com. 

CONTACTS

Investor Relations
Kristen Thomas
IR@nexpoint.com

Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com

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SOURCE NexPoint Diversified Real Estate Trust

FAQ

What is the dividend amount for NXDT's 5.50% Series A Cumulative Preferred Shares?

The dividend amount for NXDT's 5.50% Series A Cumulative Preferred Shares is $0.34375 per share.

When is the payment date for NXDT's preferred share dividend?

The payment date for NXDT's preferred share dividend is September 30, 2024.

What is the record date for NXDT's preferred share dividend announced on July 31, 2024?

The record date for NXDT's preferred share dividend is September 23, 2024, at the close of business.

What is the stock symbol for NexPoint Diversified Real Estate Trust's preferred shares?

The stock symbol for NexPoint Diversified Real Estate Trust's preferred shares is NXDT PR A.