Nexpoint Diversified Real Estate Trust

$NXDT Market Cap: $228.9 Million

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Financial Snapshot

Revenue

$79.47M

TTM

Gross Margin

80.68%

TTM

Net Earnings

-$58.42M

TTM

Current Assets

$34.72M

Q3 2024

Current Liabilities

$35.65M

Q3 2024

Current Ratio

97.42%

Q3 2024

Total Assets

$1.241B

Q3 2024

Total Liabilities

$397.8M

Q3 2024

Book Value

$842.9M

Q3 2024

Cash

$8.519M

Q3 2024

P/E

-3.919

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$63.28M	$134.3M	$95.14M	$38.46M	$55.15M	$39.96M	$31.45M	$77.02M	$159.6M	$72.90M	$55.50M
YoY Change	-52.89%	41.19%	147.39%	-30.27%	38.01%	27.06%	-59.17%	-51.74%	118.93%	31.35%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$63.28M	$134.3M	$95.14M	$38.46M	$55.15M	$39.96M	$31.45M	$77.02M	$159.6M	$72.90M	$55.50M
Cost Of Revenue	$13.67M	$18.57M	$18.65M	$19.89M	$28.17M	$18.09M	$12.09M	$11.39M	$18.30M	$19.90M	$15.70M
Gross Profit	$49.62M	$115.8M	$76.49M	$18.56M	$26.98M	$21.87M	$19.36M	$65.63M	$141.3M	$53.00M	$39.80M
Gross Profit Margin	78.4%	86.17%	80.4%	48.27%	48.93%	54.72%	61.55%	85.21%	88.53%	72.7%	71.71%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Selling, General & Admin	$16.61M	$6.261M	$144.9K	$193.9K	$108.3K	$62.35K	$68.98K	$63.80K	$100.0K	$100.0K	$100.0K
YoY Change	165.26%	4220.02%	-25.26%	79.08%	73.66%	-9.61%	8.12%	-36.2%	0.0%	0.0%
% of Gross Profit	33.47%	5.41%	0.19%	1.04%	0.4%	0.29%	0.36%	0.1%	0.07%	0.19%	0.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.94M	$7.175M
YoY Change	94.24%
% of Gross Profit	28.09%	6.2%
Operating Expenses	$38.03M	$17.58M	$1.381M	$782.9K	$843.2K	$575.5K	$854.7K	$344.4K	$1.500M	$300.0K	$300.0K
YoY Change	116.4%	1172.42%	76.43%	-7.15%	46.51%	-32.66%	148.15%	-77.04%	400.0%	0.0%
Operating Profit	$11.58M	$98.18M	$75.11M	$17.78M	$26.14M	$21.29M	$18.50M	$65.28M	$139.8M	$52.70M	$39.50M
YoY Change	-88.2%	30.72%	322.47%	-31.98%	22.76%	15.08%	-71.66%	-53.3%	165.28%	33.42%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$15.90M	-$40.63M	$174.9M	-$138.5M	$39.66M	$18.54M	$65.63M	$27.12M	-$256.6M	$128.1M	$243.7M
YoY Change	-139.14%	-123.23%	-226.24%	-449.29%	113.97%	-71.75%	142.02%	-110.57%	-300.31%	-47.44%
% of Operating Profit	137.31%	-41.38%	232.87%	-779.31%	151.75%	87.06%	354.7%	41.54%	-183.55%	243.07%	616.96%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Pretax Income	-$114.5M	$57.55M	$250.0M	-$120.8M	$65.80M	$39.83M	$84.13M	$92.40M	-$116.7M	$180.8M	$283.3M
YoY Change	-298.99%	-76.98%	-307.02%	-283.53%	65.21%	-52.66%	-8.95%	-179.17%	-164.55%	-36.18%
Income Tax	$2.731M	$12.00M			$21.60K	$8.960K
% Of Pretax Income		20.85%			0.03%	0.02%
Net Earnings	-$117.2M	$42.95M	$250.0M	-$120.8M	$65.78M	$39.82M	$84.13M	$92.40M	-$116.7M	$180.8M	$283.3M
YoY Change	-372.96%	-82.82%	-307.02%	-283.59%	65.2%	-52.67%	-8.95%	-179.17%	-164.55%	-36.18%
Net Earnings / Revenue	-185.26%	31.98%	262.79%	-314.04%	119.28%	99.65%	267.5%	119.97%	-73.12%	248.01%	510.45%
Basic Earnings Per Share	-$3.26
Diluted Earnings Per Share	-$3.26	$1.16	$6.742M	-$2.644M	$1.435M	$1.231M	$3.695M	$5.767M	-$7.31	$11.32	$17.70

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Cash & Short-Term Investments	$20.61M	$13.40M	$2.238M	$1.967M	$329.8K		$598.7K
YoY Change	53.79%	498.72%	13.79%	496.39%
Cash & Equivalents	$20.61M	$13.40M	$2.238M	$1.967M	$329.8K		$563.9K
Short-Term Investments
Other Short-Term Assets	$10.43M	$6.400M	$509.8K	$315.8K	$196.0K	$53.20K	$106.8K	$694.5K	$100.0K
YoY Change	62.98%	1155.39%	61.44%	61.13%	268.38%	-50.18%	-84.62%	594.53%
Inventory
Prepaid Expenses
Receivables	$10.43M	$6.200M	$1.591M	$1.252M	$26.41M	$3.161M	$5.565M	$7.834M	$28.20M	$53.80M	$10.80M
Other Receivables	$0.00	$0.00	$1.250M	$560.00	$560.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$41.46M	$26.00M	$5.589M	$3.535M	$26.93M	$3.214M	$6.270M	$8.529M	$28.30M	$53.80M	$10.80M
YoY Change	59.48%	365.19%	58.09%	-86.87%	737.95%	-48.74%	-26.48%	-69.86%	-47.4%	398.15%
Property, Plant & Equipment	$263.9M	$266.1M
YoY Change	-0.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$757.5M	$825.6M	$1.042B	$842.3M	$1.306B	$1.039B	$679.6M	$554.2M	$599.4M	$1.313B	$1.072B
YoY Change	-8.25%	-20.77%	23.7%	-35.49%	25.67%	52.89%	22.63%	-7.55%	-54.33%	22.49%
Other Assets	$35.46M	$37.50M	$440.5K	$7.037M	$20.02M	$3.398M	$6.101M				$75.40M
YoY Change	-5.45%	8414.02%	-93.74%	-64.86%	489.31%	-44.3%
Total Long-Term Assets	$1.057B	$1.197B	$1.042B	$850.6M	$1.326B	$1.042B	$685.7M	$554.2M	$599.3M	$1.315B	$1.150B
YoY Change	-11.7%	14.82%	22.56%	-35.86%	27.21%	52.03%	23.73%	-7.53%	-54.42%	14.33%
Total Assets	$1.098B	$1.223B	$1.048B	$854.1M	$1.353B	$1.046B	$691.9M	$562.7M	$627.6M	$1.369B	$1.161B
YoY Change
Accounts Payable	$8.633M	$13.90M	$1.005M	$902.0K	$6.451M	$3.168M	$4.637M	$1.582M	$10.80M	$18.20M	$7.900M
YoY Change	-37.89%	1283.48%	11.39%	-86.02%	103.63%	-31.68%	193.15%	-85.35%	-40.66%	130.38%
Accrued Expenses	$1.629M	$1.400M	$249.4K	$196.5K	$1.651M	$1.272M	$816.5K	$698.6K	$1.000M	$800.0K	$700.0K
YoY Change	16.36%	461.46%	26.91%	-88.1%	29.79%	55.79%	16.89%	-30.15%	25.0%	14.29%
Deferred Revenue
YoY Change
Short-Term Debt	$422.0K	$400.0K	$42.93M	$46.84M	$338.9M	$242.2M	$39.13M	$131.9M	$237.3M	$417.4M	$411.2M
YoY Change	5.5%	-99.07%	-8.35%	-86.18%	39.91%	518.98%	-70.34%	-44.4%	-43.15%	1.51%
Long-Term Debt Due	$29.00M	$11.00M
YoY Change	163.64%
Total Short-Term Liabilities	$40.81M	$38.80M	$53.55M	$63.28M	$379.4M	$277.9M	$96.73M	$147.9M	$252.9M	$504.9M	$436.0M
YoY Change	5.18%	-27.55%	-15.37%	-83.32%	36.51%	187.3%	-34.6%	-41.52%	-49.91%	15.8%
Long-Term Debt	$167.9M	$160.3M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	4.73%
Other Long-Term Liabilities	$4.567M	$6.000M				$20.00	$2.898M		$8.700M	$2.700M	$200.0K
YoY Change	-23.88%					-100.0%			222.22%	1250.0%
Total Long-Term Liabilities	$172.5M	$166.3M	$0.00	$0.00	$0.00	$20.00	$2.898M	$0.00	$8.700M	$2.700M	$200.0K
YoY Change	3.7%				-100.0%	-100.0%		-100.0%	222.22%	1250.0%
Total Liabilities	$213.3M	$205.1M	$53.55M	$63.28M	$379.4M	$277.9M	$99.63M	$147.9M	$261.6M	$507.6M	$436.3M
YoY Change	3.98%	282.98%	-15.37%	-83.32%	36.51%	178.94%	-32.64%	-43.46%	-48.46%	16.34%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	37.33M shares
Diluted Shares Outstanding	37.33M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $228.91 Million

About NEXPOINT DIVERSIFIED REAL ESTATE TRUST

NexPoint Diversified Real Estate Trust is a real estate investment trust, which engages in the business of acquisition, asset management, development, and disposition of opportunistic, value-add investments in real estate properties. The company is headquartered in Dallas, Texas. The company went IPO on 2006-06-26. The firm is focused on the acquisition, asset management, development, and disposition of opportunistic, value-add investments in real estate properties throughout the United States. The firm 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 firm 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 firm is externally managed by NexPoint Real Estate Advisors X, L.P. (the Adviser).

Industry: Real Estate Investment Trusts Peers: Alpine Income Property Trust, Inc. Armada Hoffler Properties, Inc. Belpointe PREP, LLC W. P. Carey Inc. CTO Realty Growth, Inc. Empire State Realty Trust, Inc. GLADSTONE COMMERCIAL CORP Safehold Inc. Pacific Oak Strategic Opportunity REIT, Inc. ONE LIBERTY PROPERTIES INC