NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. As a diversified REIT, NXDT's primary investment objective is to provide both current income and capital appreciation. NXDT seeks to achieve this objective by investing among various commercial real estate property types and across the capital structure, including but not limited to mortgage debt, mezzanine debt and common and preferred equity. Target underlying property types primarily include but are not limited to industrial, hospitality, net lease, retail, office, storage and healthcare and, to the extent currently owned, multifamily and single-family rentals. NXDT also may, to a limited extent, hold, acquire or transact in certain non-real estate securities.
Company profile
Ticker
NXDT, NXDT-PA
Exchange
Website
CEO
Mr. James David Dondero CFA, CPA
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Highland Credit Strategies Fund, NexPoint Credit Strategies Fund, NexPoint Strategic Opportunities Fund, Pyxis Credit Strategies Fund
SEC CIK
Corporate docs
Subsidiaries
Entegra-NHF Holdco, LLC • NexPoint Diversified Real Estate Trust OP GP, LLC • NexPoint Diversified Real Estate Trust Operating Partnership, L.P. • NexPoint Dominion Land, LLC • NexPoint Real Estate Capital, LLC • NexPoint Real Estate Opportunities, LLC • NHF TRS, LLC ...
NXDT stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
4 Oct 24
10-Q
2024 Q2
Quarterly report
9 Aug 24
8-K
Entry into a Material Definitive Agreement
8 Aug 24
EFFECT
Notice of effectiveness
2 Aug 24
EFFECT
Notice of effectiveness
2 Aug 24
S-3
Shelf registration
22 Jul 24
S-3
Shelf registration
22 Jul 24
8-K
Entry into a Material Definitive Agreement
22 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
12 Jun 24
10-Q
2024 Q1
Quarterly report
10 May 24
Latest ownership filings
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
NexPoint Diversified Real Estate Trust | – | 1.18 bn | 62 | Jun 2022 |
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 74.31 mm | 74.31 mm | 74.31 mm | 74.31 mm | 74.31 mm | 74.31 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 1.83 mm | 955.33 k |
Cash used (since last report) | n/a | n/a | n/a | n/a | 6.87 mm | 3.59 mm |
Cash remaining | n/a | n/a | n/a | n/a | 67.43 mm | 70.72 mm |
Runway (months of cash) | n/a | n/a | n/a | n/a | 36.8 | 74.0 |
Institutional ownership, Q2 2024
51.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 110 |
Opened positions | 29 |
Closed positions | 11 |
Increased positions | 56 |
Reduced positions | 23 |
13F shares | Current |
---|---|
Total value | 105.10 bn |
Total shares | 20.83 mm |
Total puts | 4.10 k |
Total calls | 18.70 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 3.49 mm | $19.28 bn |
Highland Capital Management Fund Advisors | 3.36 mm | $18.58 bn |
MS Morgan Stanley | 2.67 mm | $14.75 bn |
BLK BlackRock | 2.43 mm | $13.45 bn |
Geode Capital Management | 864.18 k | $4.78 bn |
Wedbush Securities | 761.40 k | $4.21 mm |
STT State Street | 609.11 k | $3.37 bn |
Cambridge Investment Research Advisors | 559.61 k | $3.10 mm |
Matisse Capital | 504.95 k | $2.79 bn |
GS The Goldman Sachs Group, Inc. | 488.04 k | $2.70 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Aug 24 | Dondero James D | Common Stock | Grant | Acquire A | Yes | No | 0 | 85,996.95 | 0.00 | 1,079,611.29 |
13 Aug 24 | Dondero James D | Common Stock | Grant | Acquire A | Yes | No | 0 | 82,576.52 | 0.00 | 993,614.34 |
13 Aug 24 | Dondero James D | Common Stock | Grant | Acquire A | Yes | No | 0 | 70,660.98 | 0.00 | 911,037.82 |
8 Jul 24 | Matt McGraner | Common Stock | Buy | Acquire P | No | No | 5.3 | 5,000 | 26.50 k | 80,386 |
8 Jul 24 | Matt McGraner | Common Stock | Buy | Acquire P | No | No | 5.41 | 10,000 | 54.10 k | 75,386 |
3 Jul 24 | Arthur B Laffer | Common Stock | Buy | Acquire P | Yes | No | 5.49 | 2,595 | 14.25 k | 93,652 |
28 Jun 24 | Dondero James D | Common Stock | Buy | Acquire P | Yes | No | 5.44 | 9,832 | 53.49 k | 258,025 |
27 Jun 24 | Dondero James D | Common Stock | Buy | Acquire P | Yes | No | 5.19 | 15,544 | 80.67 k | 248,193 |
26 Jun 24 | Dondero James D | Common Stock | Buy | Acquire P | Yes | No | 5.1 | 24,828 | 126.62 k | 232,649 |
Press releases
UDF IV Shareholders Should Not Be Misled by the Company's Latest Attempts to Distract from the Current Board's Failures
11 Oct 24
NexPoint Responds to United Development Funding IV's (UDF IV) Misleading Claims
24 Sep 24
NexPoint Highlights How United Development Funding IV (UDF IV) Financial Statements Reveal Questionable Conduct and Value Erosion Under Board of Trustees
16 Sep 24
NexPoint Alerts United Development Funding IV (UDF IV) Shareholders to Current Board's Red Flags, Including Track Record of Fraud and Value Destruction
3 Sep 24
NexPoint Diversified Real Estate Trust Announces Investor Update Call
26 Aug 24