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NexPoint Diversified Real Estate Trust (N:NXDT)

Business Focus: N/A

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
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
Matthew Keith Goetz
Senior Vice President - Investments and Asset Management
Dennis Charles Sauter
General Counsel
Business Overview
NexPoint Diversified Real Estate Trust is an externally advised real estate investment trust (REIT). The Company is focused on the acquisition, asset management, development, and disposition of opportunistic, value-add investments in real estate properties throughout the United States. The Company focuses primarily on investing in various commercial real estate property types and across the capital structure, including equity, mortgage debt, mezzanine debt and preferred equity. The Company focuses on opportunistic investments in real estate properties with a value-add component and real estate credit with an objective 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. The Company is externally managed by NexPoint Real Estate Advisors X, L.P. (the Adviser).
Financial Overview
For the fiscal year ended 31 December 2023, NexPoint Diversified Real Estate Trust revenues decreased 53% to $63.3M. Net loss applicable to common stockholders totaled $121.9M vs. income of $43M. Revenues reflect Dividend income ($10,881 with related pa decrease of 12% to $35.6M. Net loss reflects Change in unrealized gain (losses) increase of 18% to $108.2M (expense), Interest Expense increase from $5.8M to $15.9M (expense).