Event-Driven Stocks

NEXPOINT DIVERSIFIED REAL ESTATE TRUST

NXDTNYSE

Real Estate · Real Estate Investment Trusts · DE · SEC filings ↗ · Compare ⊕

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Signs● 4 good● 2 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21
Revenue$86.0M$83.2M$63.3M$55.1M—
Operating income−$1.4M−$4.2M$11.6M$30.8M—
Net income−$130.2M−$51.3M−$121.9M$126.8M$245.5M
Total assets$1.07B$1.22B$1.10B$1.31B$1.05B
Total liabilities$353.9M$391.3M$213.3M$193.2M$53.6M
Equity$700.1M$836.5M$885.1M$1.11B$911.2M
EPS (diluted)$-2.81$-1.28$-3.26$-2.26—
Shares out.44.5M38.6M37.2M37.2M37.1M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−1.6%
Net margin
−151.4%
Return on equity
−18.6%
Return on assets
−12.1%
Return on capital (ROCE)
—
Liabilities / assets
32.9%
Debt / equity
0.51×
Book value / share
$15.73
Revenue growth (YoY)
3.3%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Accruals / assets
−13.0%clean
Piotroski F-Score
4/8mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
73
/ 100
Profitability 0Growth 100Catalyst 67Earnings quality 100Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 2 warning● 4 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026788,8055.3-11.5%
Apr 30, 2026891,3307.9-6.9%
Apr 15, 2026957,4207.8-9.0%
Mar 31, 20261.1M6.2-1.2%
Mar 13, 20261.1M8.2+7.6%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.