NexPoint Diversified Real Estate Trust (NXDT) Key Metrics
NXDT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $260.2M
- Enterprise value
- $570.8M
- P/E (TTM)
- — 10-yr median 7.7
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 3.4 10-yr median 6.6
- Price / book
- 0.4 10-yr median 0.6
- EV / EBITDA
- — 10-yr median 7.9
- Dividend yield
- 9.80% $0.48 a year
- Beta
- 0.90
NXDT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNXDT valuation Price multiples at each fiscal year-end price.
NXDT returns How much profit the business earns on the capital it uses.
NXDT per-share figures Results divided by the shares outstanding at year-end.
NXDT financial health Debt, liquidity and how easily interest is covered.
NXDT efficiency & capital use Working capital cycle and where the cash goes.
NXDT valuation history
NXDT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NXDT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NXDT cash returned to shareholders
NXDT price vs earnings per share
NXDT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $177.1M | $245.4M | $296.8M | $416.7M | $506.6M | $480.4M | $719.1M | $644.6M | $584.4M | $441.2M |
| Enterprise value | $478.6M | $594.5M | $477.7M | $580.7M | $546.8M | $523.5M | $1.05B | $884.1M | $615.8M | $419.7M |
| P/E ratio | — | — | — | 8.5 | 2.0 | — | 10.9 | 16.2 | 6.9 | 4.8 |
| Price / sales | 1.9 | 6.5 | — | 4.6 | 2.0 | — | 10.0 | 14.8 | 6.7 | 18.6 |
| Price / book | 0.2 | 0.3 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 1.0 | 0.8 |
| Price / free cash flow | 19.3 | — | — | 5.9 | 13.3 | 1.4 | — | — | 90.4 | 4.5 |
| Price / operating cash flow | 19.3 | — | — | 5.9 | 13.3 | 1.4 | — | — | 90.4 | 4.5 |
| EV / sales | 5.2 | 15.7 | — | 6.4 | 2.1 | — | 14.5 | 20.3 | 7.0 | 17.6 |
| EV / EBITDA | — | — | — | 8.8 | 2.2 | — | 15.9 | 19.1 | 7.0 | 4.5 |
| EV / free cash flow | 52.2 | — | — | 8.3 | 14.4 | 1.5 | — | — | 95.2 | 4.3 |
| Earnings yield | −70.6% | −19.0% | −39.5% | 11.7% | 49.4% | −25.1% | 9.1% | 6.2% | 14.4% | 20.9% |
| Free cash flow yield | 5.2% | −4.8% | −8.2% | 16.8% | 7.5% | 71.2% | −29.3% | −54.9% | 1.1% | 22.3% |
| Dividend yield | 6.0% | 3.9% | 6.1% | 5.6% | 4.0% | 11.1% | 12.8% | 10.3% | 8.0% | 9.9% |
| Shareholder yield (dividends + buybacks) | 7.4% | 4.0% | 6.1% | 7.5% | 24.7% | 12.9% | 13.5% | 10.3% | 8.0% | 9.9% |
| Share price at fiscal year-end | $3.83 | $6.10 | $7.95 | $11.21 | $13.58 | $10.52 | $17.71 | $19.93 | $25.29 | $22.77 |
| Per share | ||||||||||
| Revenue per share | $1.99 | $0.94 | $0.00 | $2.45 | $6.88 | $0.00 | $1.78 | $1.35 | $3.80 | $1.23 |
| Earnings per share | −$2.70 | −$1.16 | −$3.14 | $1.32 | $6.70 | −$2.64 | $1.62 | $1.23 | $3.64 | $4.77 |
| Operating cash flow per share | $0.20 | −$0.29 | −$0.65 | $1.88 | $1.02 | $7.49 | −$5.20 | −$10.94 | $0.28 | $5.07 |
| Free cash flow per share | $0.20 | −$0.29 | −$0.65 | $1.88 | $1.02 | $7.49 | −$5.20 | −$10.94 | $0.28 | $5.07 |
| Cash per share | $0.18 | $0.22 | $0.55 | $0.36 | $0.06 | $0.04 | $0.01 | — | $0.03 | $1.15 |
| Book value per share | $15.58 | $20.79 | $23.71 | $27.38 | $26.66 | $17.32 | $23.98 | $23.74 | $25.63 | $29.04 |
| Tangible book value per share | $15.34 | $20.52 | $23.52 | $27.09 | $26.66 | $17.32 | $23.98 | $23.74 | $25.63 | $29.04 |
| Dividends per share | $0.23 | $0.24 | $0.48 | $0.62 | $0.54 | $1.17 | $2.26 | $2.05 | $2.01 | $2.25 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $6.69 | $8.90 | $5.40 | $4.77 | $1.14 | $0.99 | $8.09 | $7.41 | $1.38 | $0.04 |
| Shares outstanding | 46.3M | 40.2M | 37.3M | 37.2M | 37.3M | 45.7M | 40.6M | 32.3M | 23.1M | 19.4M |
| Change in shares outstanding | +15.0% | +7.8% | +0.4% | −0.4% | −18.3% | +12.5% | +25.5% | +40.0% | +19.3% | +21.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −16.1% | −5.4% | −12.3% | 4.9% | 28.0% | −13.7% | 7.6% | 5.9% | 14.6% | 15.5% |
| Return on invested capital (ROIC) | −6.9% | −3.9% | −8.0% | 4.2% | 26.3% | −8.9% | 3.4% | 5.7% | 7.5% | 6.2% |
| Return on assets (ROA) | −10.9% | −4.0% | −10.1% | 4.3% | 26.3% | −10.9% | 5.5% | 4.6% | 13.4% | 15.5% |
| Return on tangible assets | −11.8% | −3.8% | −10.7% | 4.0% | 23.9% | −14.1% | 4.9% | 3.8% | 12.2% | 16.4% |
| Free cash flow margin | 10.0% | −30.9% | — | 77.0% | 14.8% | — | −292.4% | −812.1% | 7.4% | 413.1% |
| Income quality (OCF / net income) | — | — | — | 1.43 | 0.15 | — | −3.21 | −8.88 | 0.08 | 1.06 |
| Financial health | ||||||||||
| Total debt | $309.6M | $357.9M | $201.5M | $177.3M | $42.5M | $45.0M | $328.4M | $239.5M | $31.9M | $694,528 |
| Cash & short-term investments | $8.2M | $8.8M | $20.6M | $13.4M | $2.2M | $2.0M | $329,810 | — | $598,693 | $22.2M |
| Net debt | $301.5M | $349.1M | $180.8M | $164.0M | $40.3M | $43.0M | $328.0M | $239.5M | $31.3M | −$21.5M |
| Debt / equity | 0.43 | 0.43 | 0.23 | 0.17 | 0.04 | 0.06 | 0.34 | 0.31 | 0.05 | 0.00 |
| Debt / assets | 0.29 | 0.29 | 0.18 | 0.14 | 0.04 | 0.05 | 0.24 | 0.23 | 0.05 | 0.00 |
| Net debt / EBITDA | — | — | — | 2.48 | 0.16 | — | 4.99 | 5.19 | 0.36 | −0.23 |
| Current ratio | 40.42 | 0.60 | 3.09 | 0.36 | 64.25 | — | 4.10 | 0.35 | 1.52 | 0.38 |
| Quick ratio | 40.42 | 0.60 | 3.09 | 0.63 | 64.25 | — | −3.03 | 0.35 | 168.85 | 26.62 |
| Interest coverage | -3.6 | -1.9 | -7.2 | 9.1 | 102.7 | -26.0 | 6.0 | 7.3 | 25.2 | — |
| Working capital | $10.8M | −$12.7M | $21.0M | −$109.1M | $4.0M | $3.2M | $20.5M | −$6.2M | $2.1M | −$13.7M |
| Invested capital | $1.02B | $1.19B | $1.07B | $1.18B | $1.03B | $833.9M | $1.30B | $1.01B | $623.6M | $541.2M |
| Tangible asset value | $709.8M | $822.6M | $878.0M | $1.01B | $994.5M | $790.8M | $973.6M | $767.7M | $592.3M | $562.7M |
| Net current asset value | −$342.8M | −$372.6M | −$182.2M | −$143.8M | −$49.5M | −$60.1M | −$352.3M | −$274.7M | −$93.4M | $8.5M |
| Graham number | — | — | — | $28.47 | $63.40 | — | $29.56 | $25.64 | $45.82 | $55.82 |
| Graham net-net per share | −$7.43 | −$9.32 | −$4.95 | −$5.74 | −$1.35 | −$1.21 | −$8.26 | −$8.52 | −$19.08 | −$13.63 |
| Capital allocation | ||||||||||
| Dividends paid | $10.6M | $9.6M | $18.0M | $23.2M | $20.1M | $53.4M | $91.7M | $66.2M | $46.5M | $43.7M |
| Share buybacks (net) | $2.4M | $202,000 | — | $8.0M | $105.1M | $8.6M | $5.4M | $0 | — | — |
| Dividend payout ratio | — | — | — | 47.4% | 8.0% | — | 139.4% | 166.2% | 55.3% | 47.3% |
| Dividends + buybacks / free cash flow | 142.2% | — | — | 44.5% | 328.7% | 18.1% | — | — | 718.8% | 44.5% |
| Capex / revenue | 0.0% | 0.0% | — | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | — | — | 0.0% | 0.0% | 0.0% | — | — | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | — | — | — | — | 0.00 | — | — |
| Stock-based compensation / revenue | — | 8.0% | — | — | — | — | — | — | — | — |
| R&D / revenue | — | — | — | — | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 25.9% | 57.1% | — | 22.9% | 2.5% | — | 8.3% | 8.4% | 3.9% | 63.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 25.5 | 98.5 | — | 6.5 | 1.8 | — | 75.8 | 36.7 | 27.9 | 276.3 |
| Days of inventory on hand | — | — | — | -1,301.4 | 99.6 | 786.8 | 1,070.5 | — | -30,511.9 | -31,647.9 |
| Days payables outstanding | 153.8 | 267.1 | 274.2 | 393.8 | 0.6 | 90.7 | 182.0 | 223.1 | 124.0 | 282.4 |
| Cash conversion cycle (days) | -128.3 | -168.6 | — | -1,688.8 | 100.8 | — | 964.3 | -186.4 | -30,608.0 | -31,653.9 |
| Receivables turnover | 14.34 | 3.70 | 0.00 | 56.54 | 199.90 | 0.00 | 4.81 | 9.94 | 13.10 | 1.32 |
| Payables turnover | 2.37 | 1.37 | 1.33 | 0.93 | 566.53 | 4.02 | 2.01 | 1.64 | 2.94 | 1.29 |
| Inventory turnover | — | — | — | — | 3.66 | 0.46 | 0.34 | — | — | — |
| Asset turnover | 0.08 | 0.03 | 0.00 | 0.08 | 0.27 | 0.00 | 0.06 | 0.05 | 0.14 | 0.04 |
| Average receivables | $6.4M | $10.2M | $6.2M | $1.6M | $1.3M | $14.0M | $15.0M | $4.4M | $6.7M | $18.0M |
| Average payables | $35.5M | $20.7M | $11.9M | $7.0M | $33,167 | $3.3M | $8.0M | $6.8M | $2.6M | $5.6M |
| Average inventory | — | — | — | −$23.0M | $5.1M | $28.7M | $47.1M | — | −$638.1M | −$628.7M |
| Intangibles / total assets | 1.0% | 0.9% | 0.6% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from NXDT's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NXDT valuation and financial ratios
NexPoint Diversified Real Estate earned a return on equity of −16.1% and a return on invested capital of −6.9% in fiscal 2025. It ended the year with $309.6 million of debt and $8.2 million in cash and short-term investments, net debt of $301.5 million. It returned $13.0 million to shareholders: $10.6 million in dividends and $2.4 million in share buybacks, 142% of free cash flow. The share count rose 138.7% from 19.4M to 46.3M over 9 years.
See the NXDT income statement, the NXDT chart for price history, or the NXDT stock overview for the latest quote and news.
NXDT key metrics FAQ
What is NexPoint Diversified Real Estate's return on equity?
NexPoint Diversified Real Estate's return on equity (ROE) was −16.1% in fiscal 2025: net income of -$125.1 million on average shareholders' equity of $778.5 million.
What is NexPoint Diversified Real Estate's ROIC?
NexPoint Diversified Real Estate's return on invested capital was −6.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does NexPoint Diversified Real Estate have?
NexPoint Diversified Real Estate had total debt of $309.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.43.
What is NexPoint Diversified Real Estate's dividend yield?
NexPoint Diversified Real Estate's forward dividend yield is 9.80%. NexPoint Diversified Real Estate paid $10.6 million in dividends in fiscal 2025 ($0.23 per share), a payout ratio of —.
Does NexPoint Diversified Real Estate buy back its shares?
Yes. NexPoint Diversified Real Estate spent $2.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +15.0% over the year, to 46.3M..
What is NexPoint Diversified Real Estate's free cash flow yield?
NexPoint Diversified Real Estate generated $9.2 million of free cash flow in fiscal 2025, a free cash flow yield of 5.2% on its market value at year-end ($177.1 million).
What is NexPoint Diversified Real Estate's current ratio?
NexPoint Diversified Real Estate's current ratio was 40.42 at the end of fiscal 2025: current assets were 40.42 times current liabilities.