NexPoint Diversified Real Estate Trust (NXDT) Balance Sheet
NXDT balance sheet, 2025
December 31, 2025 · U.S. dollars$1.07B assets = $353.9M liabilities + $720.8M equity
Both columns are drawn to the same scale: what NXDT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NXDT financial health
Descriptive bands, not a rating. Fiscal 2025.
NXDT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $562.7M2016 | $1.07B2025 | +7.5%/yr | |
| Total liabilities | $16,0222016 | $353.9M2025 | +203.9%/yr | |
| Shareholders’ equity | $562.7M2016 | $720.5M2025 | +2.8%/yr | |
| Cash & short-term investments | $22.2M2016 | $8.2M2025 | −10.5%/yr | |
| Total debt | $694,5282016 | $309.6M2025 | +96.9%/yr | |
| Net cash (debt) | $21.5M2016 | −$301.5M2025 | −$323.0M | |
| Working capital | −$13.7M2016 | $10.8M2025 | +$24.5M | |
| Book value per share | $29.042016 | $15.582025 | −6.7%/yr | |
| Debt / equity | 0.002016 | 0.432025 | +0.43 | |
| Shares outstanding | 19.4M2016 | 46.3M2025 | +10.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NXDT assets
NXDT liabilities and equity
NXDT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NXDT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $8.2M | $8.8M | $20.6M | $13.4M | $2.2M | $2.0M | $329,810 | — | $598,693 | $22.2M |
| Cash & equivalents | $8.2M | $8.8M | $20.6M | $13.4M | $2.2M | $2.0M | $329,810 | — | $598,693 | $22.2M |
| Receivables | $2.9M | $10.0M | $10.4M | $1.9M | $1.3M | $1.3M | $26.8M | $3.2M | $5.6M | $7.8M |
| Inventory | $0 | $0 | $0 | −$46.0M | $1 | $10.3M | $47.1M | $0 | −$691.9M | −$584.2M |
| Other current assets | $0 | $0 | $0 | $92.1M | $509,797 | $0 | $0 | $53,201 | $692.0M | $562.7M |
| Total current assets | $11.0M | $18.7M | $31.0M | $61.3M | $4.1M | $3.2M | $27.1M | $3.3M | $6.3M | $8.5M |
| Property, plant & equipment (net) | $2.0M | $384.8M | $259.7M | $266.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $11.0M | $11.0M | $7.1M | $11.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $636.0M | $728.6M | $757.5M | $893.3M | $1.04B | $842.3M | $1.31B | $1.04B | $679.6M | $0 |
| Other non-current assets | $414.6M | $81.8M | $43.0M | $0 | $2.0M | $8.6M | $20.2M | $3.4M | $6.1M | $554.2M |
| Total assets | $1.07B | $1.22B | $1.10B | $1.22B | $1.05B | $854.1M | $1.35B | $1.05B | $691.9M | $562.7M |
| Liabilities | ||||||||||
| Accounts payable | $39.4M | $31.5M | $10.0M | $13.9M | $63,222 | $3,112 | $6.6M | $9.4M | $4.1M | $1.1M |
| Short-term debt | — | — | $171.2M | $144.4M | $26 | $45.0M | $147.9M | — | — | — |
| Deferred revenue | — | — | −$10.0M | −$129.4M | −$46,815 | −$45.0M | −$141.3M | −$136.1M | −$10.9M | −$251.7M |
| Total current liabilities | $273,000 | $31.5M | $10.0M | $170.4M | $63,222 | $3,112 | $6.6M | $9.4M | $4.1M | $22.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $310.5M | $359.8M | $203.2M | $34.7M | $53.5M | $45.0M | $328.4M | $268.5M | $95.5M | $125.6M |
| Total liabilities | $353.9M | $391.3M | $213.3M | $205.1M | $53.6M | $63.3M | $379.4M | $277.9M | $99.6M | $16,022 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $50,000 | $43,000 | $38,000 | $37,000 | $913.9M | $1.18B | $1.23B | $32,342 | $22,766 | — |
| Retained earnings (deficit) | −$362.1M | −$202.8M | −$126.6M | $17.9M | −$2.7M | −$391.6M | −$255.3M | −$312.6M | −$2.0M | $414.8M |
| Accumulated other comprehensive income | — | — | $0 | $0 | −$2.7M | −$391.6M | −$255.3M | $767.7M | $592.3M | $414.8M |
| Minority interest | $309,000 | −$3.0M | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $720.5M | $836.5M | $885.1M | $1.02B | $994.5M | $790.8M | $973.6M | $767.7M | $592.3M | $562.7M |
| Key figures | ||||||||||
| Total debt | $309.6M | $357.9M | $201.5M | $177.3M | $42.5M | $45.0M | $328.4M | $239.5M | $31.9M | $694,528 |
| Net cash (debt) | −$301.5M | −$349.1M | −$180.8M | −$164.0M | −$40.3M | −$43.0M | −$328.0M | −$239.5M | −$31.3M | $21.5M |
| Working capital | $10.8M | −$12.7M | $21.0M | −$109.1M | $4.0M | $3.2M | $20.5M | −$6.2M | $2.1M | −$13.7M |
| Tangible book value | $709.5M | $825.5M | $878.0M | $1.01B | $994.5M | $790.8M | $973.6M | $767.7M | $592.3M | $562.7M |
| Book value per share | $15.58 | $20.79 | $23.71 | $27.38 | $26.66 | $17.32 | $23.98 | $23.74 | $25.63 | $29.04 |
| Shares outstanding | 46.3M | 40.2M | 37.3M | 37.2M | 37.3M | 45.7M | 40.6M | 32.3M | 23.1M | 19.4M |
| Current ratio | 40.42 | 0.60 | 3.09 | 0.36 | 64.25 | 1,034.38 | 4.10 | 0.35 | 1.52 | 0.38 |
| Quick ratio | 40.42 | 0.60 | 3.09 | 0.09 | 56.19 | 1,034.38 | 4.10 | 0.34 | 1.49 | 1.35 |
| Debt / equity | 0.43 | 0.43 | 0.23 | 0.17 | 0.04 | 0.06 | 0.34 | 0.31 | 0.05 | 0.00 |
| Equity / assets | 67.0% | 68.3% | 80.6% | 83.2% | 94.9% | 92.6% | 72.0% | 73.4% | 85.6% | 100.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $11.7M | $9.4M | $8.2M | $5.3M | $4.7M | $9.5M | $8.8M | $8.5M | $28.4M | $20.2M | $20.6M | $3.7M |
| Cash & equivalents | $11.7M | $9.4M | $8.2M | $5.3M | $4.7M | $9.5M | $8.8M | $8.5M | $28.4M | $20.2M | $20.6M | $3.7M |
| Short-term investments | — | — | — | — | — | — | — | $397,000 | $470.9M | — | — | −$499.6M |
| Receivables | $2.4M | $2.3M | $2.9M | $3.2M | $7.9M | $9.1M | $10.0M | $9.0M | $8.6M | $9.9M | $10.4M | $6.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $39.7M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $14.1M | $11.7M | $11.0M | $8.5M | $12.6M | $18.6M | $18.7M | $17.5M | $36.9M | $30.1M | $31.0M | $10.3M |
| Property, plant & equipment (net) | $442,000 | $488,000 | $2.0M | $2.0M | $369.9M | $382.0M | $384.8M | $409.4M | $427.4M | $258.6M | $259.7M | $259.7M |
| Goodwill & intangible assets | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $2.4M | $2.6M | $11.0M | $3.6M | $3.9M | $4.2M | $4.8M |
| Long-term investments | $632.6M | $623.0M | $636.0M | $661.5M | $660.3M | $695.8M | $728.6M | $737.9M | $720.0M | $733.1M | $757.5M | $781.8M |
| Other non-current assets | $381.1M | $380.5M | $414.6M | $423.6M | $57.2M | $80.7M | $90.1M | $65.0M | $61.8M | $49.0M | $45.9M | $44.5M |
| Total assets | $1.04B | $1.03B | $1.07B | $1.11B | $1.11B | $1.18B | $1.22B | $1.24B | $1.25B | $1.07B | $1.10B | $1.10B |
| Liabilities | ||||||||||||
| Accounts payable | $28.3M | $40.8M | $39.4M | $34.6M | $31.5M | $32.0M | $31.5M | $30.3M | $27.9M | $8.5M | $10.0M | $10.4M |
| Short-term debt | $145.3M | $161.2M | — | $41.6M | $54.8M | $79.5M | $265.6M | $265.7M | $266.1M | $155.0M | $171.3M | $144.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$27.9M | −$15.0M | $161.3M | −$144.9M |
| Total current liabilities | $145.2M | $161.2M | $273,000 | $41.6M | $31.5M | $32.0M | $31.5M | $30.3M | $27.9M | $8.5M | $10.0M | $10.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $135.6M | $162.4M | $310.5M | $315.0M | $323.3M | $349.5M | $359.8M | $367.5M | $362.8M | $203.1M | $203.2M | $189.0M |
| Total liabilities | $324.1M | $323.6M | $353.9M | $356.5M | $354.8M | $381.6M | $391.3M | $397.8M | $390.7M | $211.5M | $213.3M | $199.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $53,000 | $52,000 | $50,000 | $49,000 | $47,000 | $45,000 | $43,000 | $42,000 | $41,000 | $39,000 | $38,000 | $38,000 |
| Retained earnings (deficit) | −$401.0M | −$393.0M | −$362.1M | −$317.3M | −$296.2M | −$243.7M | −$202.8M | −$187.5M | −$171.1M | −$155.2M | −$126.6M | −$103.8M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $166.1M | $0 | −$38,000 | $103.7M |
| Minority interest | $294,000 | $296,000 | $309,000 | $328,000 | $336,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $714.8M | $702.7M | $720.5M | $749.8M | $755.9M | $802.9M | $836.5M | $844.5M | $854.1M | $863.0M | $885.1M | $901.6M |
| Key figures | ||||||||||||
| Total debt | $280.1M | $278.6M | $309.6M | $315.4M | $319.7M | $346.3M | $357.9M | $362.2M | $359.0M | $199.4M | $201.5M | $184.2M |
| Net cash (debt) | −$268.4M | −$269.1M | −$301.5M | −$310.0M | −$315.0M | −$336.9M | −$349.1M | −$353.6M | −$330.6M | −$179.2M | −$180.8M | −$180.5M |
| Working capital | −$131.1M | −$149.5M | $10.8M | −$33.1M | −$18.9M | −$13.4M | −$12.7M | −$12.8M | $9.1M | $21.6M | $21.0M | −$141,000 |
| Tangible book value | $703.8M | $691.7M | $709.5M | $738.8M | $744.9M | $800.5M | $833.9M | $833.5M | $850.5M | $859.2M | $880.9M | $896.8M |
| Book value per share | $11.83 | $14.03 | $15.58 | $15.81 | $16.54 | $18.72 | $20.79 | $20.70 | $21.56 | $22.37 | $23.09 | $24.25 |
| Shares outstanding | 60.4M | 50.1M | 46.3M | 47.4M | 45.7M | 42.9M | 40.2M | 40.8M | 39.6M | 38.6M | 38.3M | 37.2M |
| Current ratio | 0.10 | 0.07 | 40.42 | 0.20 | 0.40 | 0.58 | 0.60 | 0.58 | 1.33 | 3.55 | 3.09 | 0.99 |
| Quick ratio | 0.10 | 0.07 | 40.42 | 0.20 | 0.40 | 0.58 | 0.60 | 0.58 | 1.33 | 3.55 | 3.09 | 0.99 |
| Debt / equity | 0.39 | 0.40 | 0.43 | 0.42 | 0.42 | 0.43 | 0.43 | 0.43 | 0.42 | 0.23 | 0.23 | 0.20 |
| Equity / assets | 68.8% | 68.4% | 67.0% | 67.8% | 68.0% | 68.1% | 68.3% | 68.1% | 68.3% | 80.3% | 80.6% | 81.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
NXDT financial position
At the end of fiscal 2025 (December 31, 2025), NexPoint Diversified Real Estate had total assets of $1.1 billion (down 12.3% from a year earlier), total liabilities of $353.9 million and shareholders' equity of $720.5 million. It held $8.2 million in cash and short-term investments against $309.6 million of debt, net debt of $301.5 million. Its current ratio was 40.42. In the latest quarter (ended June 30, 2026) total assets were $1.0 billion and equity $714.8 million.
Related: NXDT income statement, NXDT cash flow statement, NXDT key metrics. See the NXDT stock overview for the latest quote and news.
NXDT balance sheet FAQ
What are NexPoint Diversified Real Estate's total assets?
NexPoint Diversified Real Estate reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does NexPoint Diversified Real Estate have?
NexPoint Diversified Real Estate had $309.6 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.43.
How much cash does NexPoint Diversified Real Estate have?
NexPoint Diversified Real Estate held $8.2 million in cash and short-term investments at the end of fiscal 2025; with $309.6 million of debt that is net debt of $301.5 million.
What is NexPoint Diversified Real Estate's book value?
NexPoint Diversified Real Estate's shareholders' equity (book value) was $720.5 million at the end of fiscal 2025, or $15.58 per share.
What is NexPoint Diversified Real Estate's current ratio?
NexPoint Diversified Real Estate had current assets of $11.0 million and current liabilities of $0.3 million, a current ratio of 40.42 (it can cover its short-term obligations).
How much goodwill does NexPoint Diversified Real Estate have?
NexPoint Diversified Real Estate carried $11.0 million of goodwill and intangible assets, 1.0% of total assets, at the end of fiscal 2025.