NEXPOINT DIVERSIFIED REAL ESTATE TRUST financial statements
Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data NEXPOINT DIVERSIFIED REAL ESTATE TRUST files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
Revenue
63.3
83.2
86
General and administrative
7.41
6.71
Operating income
11.6
-4.15
-1.38
Interest expense
2.44
15.9
28.4
26.6
Interest income
7.03
7.22
9.38
Income tax
2.73
1.37
-0.11
Net income to minority interests
0
9.84
1.95
Net income
245
-122
-51.3
-130
EBITDA
25.5
11.4
16.4
EPS, basic
-3.26
-1.28
-2.81
EPS, diluted
-3.26
-1.28
-2.81
Shares, basic (weighted)
37.3
40.2
46.3
Shares, diluted (weighted)
37.3
40.2
46.3
Dividend per share
0.60
0.60
0.60
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
2.24
20.6
8.79
8.17
Lease right-of-use assets
0
2.18
2
Total assets
1,048
1,098
1,225
1,075
Other non-current liabilities
0
Total liabilities
53.6
213
391
354
Paid-in capital
914
1,012
1,039
1,062
Retained earnings
-2.71
-127
-203
-362
Treasury stock
0
Shareholders' equity
911
885
837
700
Minority interests
0
-2.97
0
Total equity
911
885
834
700
Total liabilities and equity
965
1,098
1,225
1,075
Shares outstanding
37.1
38.4
42.7
50.1
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
245
-117
-56.6
-127
Depreciation and amortization
13.9
15.6
17.7
Stock-based compensation
1.34
3.01
4.71
Deferred income tax
1.6
Cash from operations
38.1
-24.3
-11.7
9.17
Sales and maturities of investments
9.17
1.27
0
Cash from investing
22
26
37
Stock issued
47.3
Share buybacks
0
-1.89
Dividends paid
-20.1
-13.4
-4.94
-6.01
Cash from financing
-44.4
6.8
-18.6
-43.6
Net change in cash
-6.33
4.52
-4.27
2.51
Interest paid
2.37
Income taxes paid
13.7
2.64
-0.56
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.21 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-1.6%
Operating income / revenue.
EBITDA margin
19.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-94.2%
Net income / revenue.
Operating cash flow margin
-4.0%
Cash from operations / revenue.
Return on equity (ROE)
-10.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-7.1%
Net income / average total assets.
Return on invested capital (ROIC)
-0.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
6.0%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
21.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
3.3%
Revenue vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
42.9%
EBITDA vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y
0.0%
Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-16.3%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-12.3%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
15.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.29
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.05
Cash from operations / diluted weighted shares.
Book value per share
$12.67
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
3.54x
Market cap / revenue.
P/B
0.41x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.41x
Market cap / tangible book value, when positive.
EV/Sales
3.39x
Enterprise value / revenue.
EV/EBITDA
17.5x
Enterprise value / EBITDA, when both are positive.
Earnings yield
-26.6%
Net income / market cap (the inverse of P/E).
Dividend yield
2.5%
Dividends paid over the period / market cap.
Shareholder yield
4.2%
(Dividends paid + share buybacks) / market cap.
What was NEXPOINT DIVERSIFIED REAL ESTATE TRUST's revenue in fiscal 2025?
NEXPOINT DIVERSIFIED REAL ESTATE TRUST reported revenue of $86.0M for fiscal 2025, 3.3% higher than the year before.
Was NEXPOINT DIVERSIFIED REAL ESTATE TRUST profitable in fiscal 2025?
No. It reported a net loss of $130.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.