Welcome to our dedicated page for NEXPOINT DIVERSIFIED REAL ESTATE TRUST SEC filings (Ticker: NXDT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NexPoint Diversified Real Estate Trust filings document the formal disclosures of an externally advised diversified REIT. Annual proxy materials cover trustee governance, shareholder voting, executive compensation tables and equity award disclosures, while current reports record material agreements involving the operating partnership, advisory arrangements, guarantees and real estate transactions.
The filings also describe related-party review processes, including Audit Committee approvals under the company's Related Party Transaction Policy, and capital-structure matters involving common shares. Recent 8-K disclosures address advisory fee mechanics, participation interests in real estate-related debt, guaranty obligations tied to storage assets and completed hospitality asset dispositions.
DONDERO JAMES D reported acquisition or exercise transactions in this Form 4 filing.
NexPoint Diversified Real Estate Trust director and officer James D. Dondero received a grant of 112,594 restricted share units (RSUs) on April 2, 2026. Each RSU represents a contingent right to receive one common share of the trust.
The RSUs vest in four equal installments: one-fourth on April 2, 2027, one-fourth on February 15, 2028, one-fourth on February 15, 2029, and one-fourth on February 15, 2030. Settlement generally occurs within 10 days of each vesting date and, at the Compensation Committee’s discretion, may be settled in cash instead of shares.
Constantino Edward N. reported acquisition or exercise transactions in this Form 4 filing.
NexPoint Diversified Real Estate Trust director Edward N. Constantino received a compensation grant of 3,247 restricted share units on April 2, 2026. Each unit represents a contingent right to receive one common share, vesting on April 2, 2027. Settlement is expected within 30 days after vesting and may, at the Compensation Committee’s discretion, be made in cash instead of shares.
NexPoint Diversified Real Estate Trust, through its operating partnership, agreed to a side letter giving it an undivided participation interest in $962,000 principal amount of a secured promissory note to NexPoint Storage Partners Operating Company.
The underlying NSP Note permits total borrowing of up to $40 million, with $22.7 million outstanding as of April 3, 2026, bears 14% per annum interest payable in kind, is interest-only during its term, and matures on January 16, 2031. Borrowings are secured by a first priority lien on certain income streams and related deposit accounts of the co-borrowers.
As of April 3, 2026, the Company owned approximately 53.02% of the outstanding common stock of NexPoint Storage Partners, and various parties to the note and participation arrangements are advised or managed by affiliates of the Company’s external adviser, highlighting a significant related-party financing structure.
NexPoint Diversified Real Estate Trust reports its 2025 annual results and details an opportunistic, diversified real estate strategy focused on income and capital appreciation.
The REIT invests across commercial property types and the capital structure, with its portfolio 77.6% in real estate investments and 22.4% in other assets as of December 31, 2025. It operates two segments: Diversified, centered on value-add real estate and credit, and Hospitality, focused on U.S. hotels.
Key 2025 actions include a $95 million refinancing of the Marriott Uptown loan that generated about $18.2 million of cash distributions, taking NexPoint Hospitality Trust private, and investing $16.3 million of preferred equity into AMS C‑Store JV, LLC at an 18% cumulative return. The company also launched a 9.00% Series B Cumulative Redeemable Preferred Shares offering, issuing about $22.4 million of gross proceeds toward a possible $400 million program, and began a $20.0 million share repurchase program, buying roughly $1.9 million of common shares.
At June 30, 2025, non‑affiliate equity market value was approximately $153.3 million, and as of March 31, 2026, there were 50,219,590 common shares outstanding. Management plans to sell $100 million to $150 million of legacy assets to recycle capital into residential, self‑storage and life sciences, while generally targeting leverage not exceeding 3‑to‑1.
NexPoint Diversified Real Estate Trust entered into a material definitive agreement to sell 100% of the membership interests of NHT Bradenton, LLC, which owns the Bradenton Hampton Inn & Suites property. The sale to OSL Bradenton Downtown, LLC closed for approximately $26.3 million in cash, subject to customary closing adjustments.
The company intends to use the net proceeds for short-term liquidity needs. The buyer may be deemed an affiliate of NexPoint Real Estate Advisors X, L.P., and the related-party transaction was reviewed and approved by the company’s Audit Committee in line with its Related Party Transaction Policy.
NexPoint Diversified Real Estate Trust director Brian Mitts reported compensation-related equity activity. On March 18, 2026, he exercised 5,357 restricted share units into 5,357 common shares at an exercise price of $0.00 per share. The filing shows 804 common shares were returned to the issuer and 1,200 common shares were disposed of to cover tax obligations at $4.41 per share. Following these transactions, he directly holds 16,689 common shares and 10,714 restricted share units.
NexPoint Diversified Real Estate Trust director and 10% owner James D. Dondero exercised 73,125 restricted share units into common shares on March 18, 2026. The RSU exercise, at a stated price of $0.00, converted into 73,125 common shares.
Following the transaction, he directly owned 5,702,698.06 common shares and 146,250 restricted share units. The filing also lists various indirect holdings, including UTMA custodial accounts for his children, an employee benefit plan, and multiple investment entities, for which he generally disclaims beneficial ownership except to the extent of his pecuniary interest.
NexPoint Diversified Real Estate Trust executive Dennis Charles Sauter Jr exercised 2,679 restricted share units into an equal number of common shares. These restricted share units, each representing one common share, were part of a grant made on March 18, 2024 with scheduled vesting through March 18, 2028.
On the same date, 1,522 common shares were withheld at $4.41 per share to cover tax obligations, a non-market disposition coded as a tax-withholding transaction. After these transactions, Sauter directly held 6,630 common shares and 5,358 restricted share units, indicating a routine compensation-related exercise and associated tax withholding rather than an open-market trade.
NexPoint Diversified Real Estate Trust officer Dustin David Norris exercised restricted share units into common stock and had shares withheld to cover taxes. On March 18, 2026, he exercised 17,857 restricted share units at $0.00 per share, receiving the same number of common shares.
To satisfy tax obligations, 6,551 common shares were withheld at $4.41 per share. After these transactions, Norris held 777,320.07 common shares directly and 82,414.16 common shares indirectly through a 401(k) plan. The exercised units are part of a 71,429-unit grant that vests in four annual installments from March 18, 2025 through March 18, 2028.
NexPoint Diversified Real Estate Trust officer Paul Richards reported routine equity compensation activity rather than open‑market trading. On March 18, 2026, he exercised 8,929 restricted share units into the same number of common shares and another 8,989 common shares through derivative exercise transactions at a stated price of $0.00 per share. To cover tax obligations, 5,072 common shares were withheld at $4.41 per share, a non‑market disposition. Following these transactions, Richards directly owns 128,295 common shares and 17,858 restricted share units, each RSU representing a contingent right to one common share. The RSUs derive from a 35,714‑unit grant on March 18, 2024, vesting in four equal annual installments from 2025 through 2028, with settlement generally within 10 days of each vesting date.