NexPoint Diversified Real Estate Trust Declares Distribution

Rhea-AI Summary

NexPoint Diversified Real Estate Trust (NYSE: NXDT) announced a monthly distribution of $0.05 per share, payable on September 30, 2022, to shareholders of record by September 19, 2022. Starting October 1, 2022, NXDT will shift to declaring dividends on a quarterly basis, aligning with typical practices of publicly traded REITs. This strategic change reflects NXDT's commitment to providing consistent returns to its investors while managing its portfolio of diversified real estate investments across the United States.

Positive

• Monthly dividend of $0.05 per share announced.
• Transition to quarterly dividend declarations starting October 1, 2022.

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• None.

DALLAS, Sept. 7, 2022 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) ("NXDT" or the "Company") today announced a monthly distribution on its common stock of $0.05 per share. The distribution will be payable on September 30, 2022 to shareholders of record at the close of business September 19, 2022. 

Additionally, starting October 1, 2022, NXDT will begin declaring dividends on a quarterly basis, in line with the majority of publicly traded REITs.

About NexPoint Diversified Real Estate Trust (NYSE: NXDT)

NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust (REIT) focused on the acquisition, development, and management of opportunistic and value-add investments throughout the United States across multiple sectors where NexPoint and its affiliates have operational expertise. NXDT is externally advised by NexPoint Real Estate Advisors X, L.P. For more information, please visit nxdt.nexpoint.com. 

Contacts

Jackie Graham  
Director, Investor Relations  
jgraham@nexpoint.com

Lucy Bannon  
Chief Communications Officer  
lbannon@nexpoint.com

 

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SOURCE NexPoint Diversified Real Estate Trust

FAQ

What is the monthly distribution announced by NXDT?

NexPoint Diversified Real Estate Trust announced a monthly distribution of $0.05 per share.

When will NXDT's distribution be paid?

The distribution will be payable on September 30, 2022.

What is the record date for NXDT's distribution?

Shareholders of record must hold their shares by September 19, 2022.

When will NXDT begin declaring quarterly dividends?

NXDT will start declaring dividends on a quarterly basis beginning October 1, 2022.