Nexpoint Diversified Real Estate Trust SEC Filings

NexPoint Diversified Real Estate Trust has a planned sale of 14,053 shares of its common stock under a Rule 144 notice. The shares are to be sold through broker Charles Schwab & Co. Inc. on the NYSE, with an approximate sale date of 12/12/2025 and an aggregate market value of $42,159.00 for this transaction.

The 14,053 common shares were originally acquired on 02/27/2007 through purchases of issuer securities in a 401(k) plan, with cash payment dated 12/31/2024. The issuer reports 49,020,409 common shares outstanding. The seller represents in the notice that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.

NexPoint Diversified Real Estate Trust director Arthur Laffer reported open-market purchases of the company’s common stock in early December. On December 4, 2025, he bought 5,271.423 shares at a weighted average price of $2.66 per share, bringing his directly held position to 112,906.979 shares. On December 5, 2025, he purchased another 4,885.542 shares at a weighted average price of $2.87, increasing his direct holdings to 117,792.521 shares.

Also on December 5, 2025, 4,895 shares were acquired at a weighted average price of $2.86 per share through a limited liability company that he controls, resulting in 114,606 shares held indirectly. The prices reported reflect weighted averages for multiple trades within narrow price ranges, and detailed trade information is available upon request as described in the footnotes.

NexPoint Diversified Real Estate Trust director Arthur Laffer reported an open-market purchase of the company’s common stock. On 12/01/2025, he bought 5,100.556 common shares at a weighted average price of $2.74 per share, with individual trade prices ranging from $2.73 to $2.74. Following this transaction, he beneficially owns 107,635.556 shares directly and 109,711 shares indirectly through a limited liability company he controls. Some of the reported holdings include shares received through elective stock dividends on the company’s common shares.

NexPoint Diversified Real Estate Trust (NXDT) reported an insider stock transaction by one of its senior executives. On 11/19/2025, the reporting person purchased 5,000 shares of NXDT common stock in an open-market transaction at a price of $2.78 per share, according to the Form 4 filing.

Following this transaction, the executive beneficially owns 119,820.1 shares of NXDT common stock. The filing notes that this total includes shares received through elective stock dividends paid on the company’s common shares. The ownership is reported as held directly.

NexPoint Diversified Real Estate Trust reported Q3 2025 results showing total revenues of $17,459 thousand versus $22,216 thousand a year ago. Operating loss was $(3,329) thousand, and net loss attributable to common shareholders was $(13,687) thousand, or $(0.29) per share.

For the nine months ended September 30, 2025, revenues were $67,567 thousand versus $57,295 thousand last year, with a net loss to common of $(93,256) thousand versus $(42,523) thousand. Results reflect a $(77,464) thousand change in unrealized losses, interest expense of $20,816 thousand, and year‑to‑date impairment loss of $1,752 thousand.

At quarter end, total assets were $1,106,669 thousand, liabilities $356,542 thousand, and shareholders’ equity $738,965 thousand. Mortgages payable were $228,002 thousand and notes payable $80,222 thousand. Common shares outstanding were 49,020,409 as of November 13, 2025. Q3 distributions declared: common $0.15 per share and Series A preferred $0.34375 per share.

Morgan Stanley and Morgan Stanley Smith Barney LLC filed a Schedule 13G/A (Amendment No. 1) reporting their beneficial ownership in NexPoint Diversified Real Estate Trust 5.50% Series A Cumulative Preferred Shares. They report 283,876 shares, representing 8.4% of the class, with a stated event date of 09/30/2025.

The filing lists sole voting power: 0 and sole dispositive power: 0, and shared dispositive power: 283,876 shares. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

The Vanguard Group filed Amendment No. 2 to Schedule 13G reporting beneficial ownership of 3,548,253 shares of NexPoint Diversified Real Estate Trust (NXDT), representing 7.49% of the common stock as of 09/30/2025.

Vanguard reports 0 shares with sole voting power and 234,154 shares with shared voting power. It has 3,300,885 shares with sole dispositive power and 247,368 shares with shared dispositive power. Vanguard is identified as an investment adviser (IA).

Vanguard states its clients (including registered investment companies and other managed accounts) have rights to dividends or sale proceeds related to the reported securities, and that no single other person’s interest exceeds 5%. The filing certifies the holdings were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.

James Dondero, a director, 10% owner and president of NexPoint Diversified Real Estate Trust (NXDT), amended a Form 4 to report receipt of 57,323.76 LTIP Units in the issuer's operating partnership on April 17, 2025. Of those units, 50,157 vested immediately and 7,166.76 remain unvested and will vest on December 13, 2025. Each LTIP Unit can be redeemed for cash or common shares at the issuer's option. The units were issued pursuant to a merger agreement tied to an exchange formula using $0.36 divided by a 10-day VWAP of $3.7228. This filing corrects the number of units that vested as of the grant date.