NexPoint Diversified Real Estate Trust (N:NXDT)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 300 CRESCENT COURT, SUITE 700
DALLAS TX 75201
Tel: N/A
Website: https://www.nexpoint.com
IR: See website
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Key People
James David Dondero
Chairman of the Board of Trustee, President, Chief Executive Officer
Brian D. Mitts
Chief Financial Officer, Executive Vice President - Finance, Treasurer, Assistant Secretary, Trustee
Matthew Ryan Mcgraner
Executive Vice President, Chief Investment Officer, Company Secretary
Dustin David Norris
Executive Vice President
D. C. Sauter
General Counsel
Rahim Ibrahim
Assistant Secretary
Business Overview
NexPoint Diversified Real Estate Trust is a non-diversified, closed-end management investment company. The Company's objective is to increase the cash flow and value of its properties, acquire properties with cash flow growth potential and achieve capital appreciation for shareholders through a value-add program. It is focused on achieving its objective by investing among various commercial real estate property types and across the capital structure, including equity, mortgage debt, mezzanine debt and preferred equity. The Company will focus on opportunistic investments in real estate properties with a value-add component and real estate credit. Its real estate portfolio consists of multifamily, single-family rentals, office, self-storage, life sciences, and hospitality, among other areas. Its real estate investment capabilities include debt, equity, agency mortgage-backed securities, direct origination, structured credit/preferred, and opportunistic and tax-advantaged transactions.
Financial Overview
For the fiscal year ended 31 December 2022, NexPoint Diversified Real Estate Trust revenues increased 41% to $134.3M. Net income applicable to common stockholders decreased 83% to $43M. Revenues reflect Interest from affiliated issuers increase of 6% to $3M. Net income was offset by Investments from unaffiliated issuers decrease from $175.5M (income) to $43.8M (expense), Property operating expenses increase from $884K to $3.7M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $550.51M as of Mar 31, 2023
Annual revenue (TTM): $134.33M as of Mar 31, 2023
EBITDA (TTM): $105.35M as of Mar 31, 2023
Net annual income (TTM): $42.95M as of Mar 31, 2023
Free cash flow (TTM): $44.59M as of Mar 31, 2023
Net Debt Last Fiscal Year: $158.34M as of Mar 31, 2023
Shares outstanding: 37,171,807 as of Apr 3, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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