NexPoint Diversified Real Estate Trust (NXDT) SEC Filings & Earnings Calls
EquiReason read 10 NexPoint Diversified Real Estate Trust SEC filings in the last 12 months. Latest: 10-Q on 2026-08-14 — NexPoint Diversified Real Estate Trust reported Q2 2026 results with revenue decline but improved net loss..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 259.7M
- P/E TTM
- —
- Dividend yield
- 12.3%
- 52-week
- —
- Next earnings
- 11 Nov, in 18 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
14 Aug 202610-QNexPoint Diversified Real Estate Trust reported Q2 2026 results with revenue decline but improved net loss.earningsopen
Figures in the filing · each found in the filing text
| Total Revenues · H1-2026 | $42M | -16% y/y |
| Net Loss · H1-2026 | $-19M | +76% y/y |
| Total Assets · 2026-06-30 | $1.04B | |
| Interest Expense · H1-2026 | $11M | -21% y/y |
Risks flagged
Level 3 asset concentration
“Approximately 42.9% of total assets are Level 3 investments.”
Related-party investment exposure
“The Company has significant investments in entities managed by affiliates of the Adviser.”
15 May 202610-QTotal Revenues $23M (-21% y/y); Net loss $-21M; Total assets $1.03Bopen
Figures in the filing · each found in the filing text
| Total Revenues · Q1-2026 | $23M | -21% y/y |
| Net loss · Q1-2026 | $-21M | |
| Total assets · 2026-03-31 | $1.03B | |
| Interest expense · Q1-2026 | $6M | -22% y/y |
| Change in unrealized losses from non-real estate investments · Q1-2026 | $15M | -54% y/y |
| Loss on sales of real estate · Q1-2026 | $3M | |
| Redeemable Series B Preferred Shares · 2026-03-31 | $28M | |
| Unfunded commitments · 2026-03-31 | $2M | |
| Quarterly distribution per common share · Q2-2026 | $0.15 | |
| Level 3 investments as % of total assets · 2026-03-31 | 43.6% |
Risks flagged
High proportion of Level 3 assets
“approximately 43.6% of the total assets owned by the Company are comprised of Level 3 investments.” · word for word
Significant unrealized losses on investments
“Change in unrealized losses from non-real estate investments 15,331” · word for word
Debt maturity extension risk
“the lender agreed to defer the maturity of the Cityplace debt to July 8, 2026.” · word for word
Related party concentration
“Total related party investments $441,311 (in thousands) as of March 31, 2026”
Negative net income and operating losses
“Net loss $ (21,270) (in thousands) for three months ended March 31, 2026”
20 Apr 2026DEF 14AProxy filing reveals a shareholder proposal for liquidation, highlighting massive value destruction, deep NAV discount, and governance conflicts in an externally managed REIT.open
Figures in the filing · each found in the filing text
| Net Income · FY2025 | $-127M | |
| Total Shareholder Return (3-year) · FY2025 | $47.13 | |
| Advisory Fees Paid · FY2025 | $13M | |
| Burn Rate · FY2025 | 3.3% | |
| Overhang Rate (pro forma) · 2026-03-27 | 8.6% | |
| NAV per Common Share · 2025-09-30 | $12.17 | |
| Stock Price (low) · 2025 | $2.55 | |
| Series A Preferred Stock Price (low) · 2025 | $13.19 |
Risks flagged
Liquidation Risk / Forced Asset Sale at Discount
“The non-binding shareholder proposal ... urges the Board of Trustees to evaluate and pursue an orderly liquidation of the Company’s assets and distribute the net proceeds to shareholders.”
Governance / Conflict of Interest (External Advisor)
“This externally advised structure creates a perverse incentive to maintain assets under management for the sake of fee generation, rather than maximizing the value of the assets for the true owners—the shareholders.” · word for word
Persistent Net Losses
“Net income (in thousands): 2025 $(127,037), 2024 $(56,573), 2023 $(117,241).”
Deep Discount to NAV / Market Disconnect
“At a market low of $2.55, the stock trades at a 79% discount to its reported NAV.” · word for word
Shareholder Activism / Proxy Fight
“The Board unanimously recommends that shareholders vote AGAINST the Shareholder Proposal.” · word for word
3 Apr 20268-K · 1.01NexPoint Diversified Real Estate Trust OP purchased a $962k participation interest in a $40M secured promissory note (NSP Note) with 14% PIK interest, maturing 2031. The filing details a participation agreement side letter among related paropen
Risks flagged
Related-party transaction with potential conflicts of interest; note is interest-only with PIK, increasing credit risk.
“Accounts advised by Sponsor and affiliates beneficially own substantially all equity of NSP; OSL may be deemed affiliate of Adviser.”
30 Mar 20268-K · 1.01Sale of Bradenton Hampton Inn & Suites for $26.3M to an affiliate of the adviser; proceeds used for short-term liquidity needs, indicating potential distress or portfolio rationalization.open
Figures in the filing · each found in the filing text
| total consideration · Q1-2026 | $26M |
Risks flagged
Related-party transaction risk; buyer is affiliate of adviser.
“Buyer may be deemed an affiliate of the Company’s adviser, NexPoint Real Estate Advisors X, L.P., through common beneficial ownership.” · word for word
13 Nov 202510-QNXDT reported a significantly wider net loss for the nine months ended September 30, 2025, driven by large unrealized losses on related-party investments, with total assets declining and a high concentration in Level 3 assets.earningsopen
Figures in the filing · each found in the filing text
| Total assets · Q3-2025 | $1.11B | |
| Net loss · 9M-2025 | $-92M | |
| Impairment loss · Hospitality · 9M-2025 | $2M | |
| Interest expense · 9M-2025 | $21M |
Risks flagged
Level 3 asset valuation risk
“As of September 30, 2025, approximately 43.3% of the total assets owned by the Company are comprised of fair valued level 3 investments. For the nine months ended September 30, 2025, the unrealized gains (loss) related to the change in fair value of level 3 investments is $(62.4) million.” · word for word
Related-party concentration risk
“The Company, from time to time, may invest in entities managed by affiliates of the Adviser. For the nine months ended September 30, 2025, the Company had the following investments in entities managed or advised by... Total $472,906 (in thousands).” · word for word
Guarantee exposure
“The Company is a limited guarantor and an indemnitor on one of the subsidiaries of the Company’s loans with an aggregate principal amount of $41.6 million outstanding, as of September 30, 2025.” · word for word
NexPoint Diversified Real Estate Trust — questions
- What did NexPoint Diversified Real Estate Trust file recently?
- 10 SEC filings in the last 12 months. Latest: 10-Q on 2026-08-14 — NexPoint Diversified Real Estate Trust reported Q2 2026 results with revenue decline but improved net loss.
Every figure on this page comes from NexPoint Diversified Real Estate Trust's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.