NexPoint Diversified Real Estat (NXDT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NexPoint Diversified Real Estat

NYSE•Real Estate•REIT - Diversified

$5.40-0.07(-0.01%)Pre-market

Market Cap

$273.77M

P/S

3.5x

P/B

0.4x

NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust. It focuses on the acquisition, development, and management of opportunistic and value-add investments throughout the United States across multiple sectors where NexPoint and its affiliates have operational expertise. NXDT is externally advised by NexPoint Real Estate Advisors X, L.P. NexPoint Diversified Real Estate Trust was incorporated in June 1st, 2006, and is based in Dallas, Texas.

How this company scores

WeakMetricSide Score: 36/100

Grade capped at D — Interest coverage below 1× (0.4x) — earnings cannot cover interest. Strongest: Balance Sheet & Red Flags (13/25); weakest: Cash & Earnings Quality (3/25).

Profitability12/25

Growth8/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality3/25

Strengths

Low leverageProfit converts from growth

Grade capped at D

Interest coverage below 1× (0.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 3.5x5y range 1.7x – 5.8x

Currently near its 13-quarter median.

P/B · 0.4x5y range 0.2x – 0.5x

Currently above its 16-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $273.77M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $78.07M
Q. Revenue: $19.34M
TTM EBITDA: $15.80M
TTM Op. Income: $-1.21M
Q. Op. Income: $2.12M
TTM Net Income: $-73.53M
Q. Net Income: $61,000
EPS: N/A
Shares Out.: $51.75M

$78.07M in TTM revenue declined 20.5% YoY, reaching $19.34M last quarter. TTM EBITDA of $15.80M and TTM operating income of $-1.21M show growth is flowing through to the bottom line. However, net income is negative at $73.53M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 5 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 29.0%
Op. Margin: 10.9%
Net Margin: 0.3%

Op. margin of 10.9% is up 11.6% YoY — cost efficiency is improving. Net margin at 0.3% Over the past year, operating margin is up 1831% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 3.5x
P/B Ratio: 0.4x

P/S of 3.5x and P/B of 0.4x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.04B
Cash: $11.67M
Long-Term Debt: $278.11M
Book Value: $673.00M
D/E Ratio: 0.4
Debt/EBITDA: 49.5

With $1.04B in assets and $278.11M in long-term debt, D/E is 0.4and book value is $673.00M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 2% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-4.63M
TTM Free Cash Flow: $-7.40M
FCF Margin: -9.5%
FCF / Net Income: 0.1

TTM FCF of $-7.40M on $-4.63M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.