Short answer
NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT) filed its Q3 2025 10-Q quarterly report on Nov 13, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $17M (down 21.4% year over year) with net income of −$14M.
Q3 2025 key financials · XBRL
- Revenue
- $17M
- −21.4% YoY · −17.0% QoQ
- Net income
- −$14M
- −36.4% YoY · +69.8% QoQ
- Operating margin
- -19.1%
- EPS (diluted)
- −$0.26
- −8.3% YoY · +74.0% QoQ
Source: XBRL data from the NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT) Q3 2025 10-Q on SEC EDGAR. USD.
NEXPOINT DIVERSIFIED REAL ESTATE TRUST Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $17.459M, down $4.757M YoY from $22.216M
- Q3 operating margin -19.1% vs -26.8% YoY; net loss $12.317M vs $15.420M
- Hospitality rooms revenue $4.8M, down $2.5M YoY; interest and dividends $10.2M, up $1.1M
- Q3 operating cash flow, cash position and capital deployment not provided
- Headwinds: high interest rates, constrained credit, inflation and potential tariffs; no updated guidance disclosed
Risk Factors
- No material risk-factor changes from the March 31, 2025 Form 10-K
- Carried-forward risks remain the filing’s primary disclosed risk exposure
- Share repurchase authorization up to $20.0 million through October 28, 2026
- 185,477 common shares repurchased for approximately $0.8 million through September 30, 2025
- Advisory-fee dilution risk from issuing 380,590.54 common shares to the Adviser on September 2, 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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