Welcome to our dedicated page for Nexpoint Diversified Real Estate Trust SEC filings (Ticker: NXDT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The NexPoint Diversified Real Estate Trust (NYSE: NXDT) SEC filings page on Stock Titan provides access to the trust’s regulatory disclosures as a U.S.-listed diversified real estate investment trust. As an externally advised REIT focused on opportunistic and value-add investments across multiple U.S. real estate sectors, NXDT files a range of documents with the Securities and Exchange Commission that explain its structure, advisory arrangements, risks, and capital decisions.
Through this page, users can review Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, which the company references in its news releases as sources for detailed information on its business and risk factors. Current Reports on Form 8-K highlight specific events, such as amendments to the Advisory Agreement with NexPoint Real Estate Advisors X, L.P. that modify how advisory fees may be paid in cash or common shares, or board decisions regarding the timing of a potential conversion from a Delaware statutory trust to a Maryland corporation.
Investors can also use this page to track other SEC filings that relate to NXDT’s real estate investment activities, capital structure, and regulatory status. The company has pointed investors to EDGAR for its filings and has noted that Canadian resident securityholders can access the same U.S. disclosure documents, particularly in connection with its application to cease to be a reporting issuer in Canada.
Stock Titan enhances these filings with AI-powered summaries that highlight key points, helping users navigate lengthy documents like 10-Ks and 10-Qs and understand the implications of 8-K disclosures. Real-time updates from EDGAR, combined with simplified explanations, allow investors, analysts, and researchers to follow NexPoint Diversified Real Estate Trust’s regulatory history, advisory arrangements, and corporate actions directly from its official SEC record.
NexPoint Diversified Real Estate Trust, through its operating partnership, agreed to a side letter giving it an undivided participation interest in $962,000 principal amount of a secured promissory note to NexPoint Storage Partners Operating Company.
The underlying NSP Note permits total borrowing of up to $40 million, with $22.7 million outstanding as of April 3, 2026, bears 14% per annum interest payable in kind, is interest-only during its term, and matures on January 16, 2031. Borrowings are secured by a first priority lien on certain income streams and related deposit accounts of the co-borrowers.
As of April 3, 2026, the Company owned approximately 53.02% of the outstanding common stock of NexPoint Storage Partners, and various parties to the note and participation arrangements are advised or managed by affiliates of the Company’s external adviser, highlighting a significant related-party financing structure.
NexPoint Diversified Real Estate Trust reports its 2025 annual results and details an opportunistic, diversified real estate strategy focused on income and capital appreciation.
The REIT invests across commercial property types and the capital structure, with its portfolio 77.6% in real estate investments and 22.4% in other assets as of December 31, 2025. It operates two segments: Diversified, centered on value-add real estate and credit, and Hospitality, focused on U.S. hotels.
Key 2025 actions include a $95 million refinancing of the Marriott Uptown loan that generated about $18.2 million of cash distributions, taking NexPoint Hospitality Trust private, and investing $16.3 million of preferred equity into AMS C‑Store JV, LLC at an 18% cumulative return. The company also launched a 9.00% Series B Cumulative Redeemable Preferred Shares offering, issuing about $22.4 million of gross proceeds toward a possible $400 million program, and began a $20.0 million share repurchase program, buying roughly $1.9 million of common shares.
At June 30, 2025, non‑affiliate equity market value was approximately $153.3 million, and as of March 31, 2026, there were 50,219,590 common shares outstanding. Management plans to sell $100 million to $150 million of legacy assets to recycle capital into residential, self‑storage and life sciences, while generally targeting leverage not exceeding 3‑to‑1.
NexPoint Diversified Real Estate Trust entered into a material definitive agreement to sell 100% of the membership interests of NHT Bradenton, LLC, which owns the Bradenton Hampton Inn & Suites property. The sale to OSL Bradenton Downtown, LLC closed for approximately $26.3 million in cash, subject to customary closing adjustments.
The company intends to use the net proceeds for short-term liquidity needs. The buyer may be deemed an affiliate of NexPoint Real Estate Advisors X, L.P., and the related-party transaction was reviewed and approved by the company’s Audit Committee in line with its Related Party Transaction Policy.
NexPoint Diversified Real Estate Trust director Brian Mitts reported compensation-related equity activity. On March 18, 2026, he exercised 5,357 restricted share units into 5,357 common shares at an exercise price of $0.00 per share. The filing shows 804 common shares were returned to the issuer and 1,200 common shares were disposed of to cover tax obligations at $4.41 per share. Following these transactions, he directly holds 16,689 common shares and 10,714 restricted share units.
NexPoint Diversified Real Estate Trust director and 10% owner James D. Dondero exercised 73,125 restricted share units into common shares on March 18, 2026. The RSU exercise, at a stated price of $0.00, converted into 73,125 common shares.
Following the transaction, he directly owned 5,702,698.06 common shares and 146,250 restricted share units. The filing also lists various indirect holdings, including UTMA custodial accounts for his children, an employee benefit plan, and multiple investment entities, for which he generally disclaims beneficial ownership except to the extent of his pecuniary interest.
NexPoint Diversified Real Estate Trust executive Dennis Charles Sauter Jr exercised 2,679 restricted share units into an equal number of common shares. These restricted share units, each representing one common share, were part of a grant made on March 18, 2024 with scheduled vesting through March 18, 2028.
On the same date, 1,522 common shares were withheld at $4.41 per share to cover tax obligations, a non-market disposition coded as a tax-withholding transaction. After these transactions, Sauter directly held 6,630 common shares and 5,358 restricted share units, indicating a routine compensation-related exercise and associated tax withholding rather than an open-market trade.
NexPoint Diversified Real Estate Trust officer Dustin David Norris exercised restricted share units into common stock and had shares withheld to cover taxes. On March 18, 2026, he exercised 17,857 restricted share units at $0.00 per share, receiving the same number of common shares.
To satisfy tax obligations, 6,551 common shares were withheld at $4.41 per share. After these transactions, Norris held 777,320.07 common shares directly and 82,414.16 common shares indirectly through a 401(k) plan. The exercised units are part of a 71,429-unit grant that vests in four annual installments from March 18, 2025 through March 18, 2028.
NexPoint Diversified Real Estate Trust officer Paul Richards reported routine equity compensation activity rather than open‑market trading. On March 18, 2026, he exercised 8,929 restricted share units into the same number of common shares and another 8,989 common shares through derivative exercise transactions at a stated price of $0.00 per share. To cover tax obligations, 5,072 common shares were withheld at $4.41 per share, a non‑market disposition. Following these transactions, Richards directly owns 128,295 common shares and 17,858 restricted share units, each RSU representing a contingent right to one common share. The RSUs derive from a 35,714‑unit grant on March 18, 2024, vesting in four equal annual installments from 2025 through 2028, with settlement generally within 10 days of each vesting date.
NexPoint Diversified Real Estate Trust entered into two significant debt-related arrangements involving guarantees and secured loans. The Company became an additional guarantor under an amended and restated guaranty tied to an existing $28.5 million NSP Loan bearing interest at 3.62% per annum and maturing on October 6, 2031. This guaranty is generally limited to specified “bad acts” but can become full recourse for the outstanding debt if certain insolvency or similar events occur.
Separately, indirect subsidiaries borrowed $39,390,000 from The Ohio State Life Insurance Company at 8.5% per annum, with an initial maturity of February 12, 2029 and two potential one-year extensions. The loan is secured by mortgages on two hotel properties and was used to refinance existing indebtedness. It includes financial covenants, prepayment minimum interest, a 1% exit fee, and a non-recourse carve-out guaranty from the operating partnership that can also become full recourse upon specified “bad act” or bankruptcy-type events.
The Vanguard Group filed an amended Schedule 13G reporting beneficial ownership of 2,184,062 shares of NexPoint Diversified Real Estate Trust common stock, representing 4.45% of the class as of 12/31/2025.
Vanguard reports no sole voting or dispositive power, with 275,628 shares subject to shared voting power and all 2,184,062 shares subject to shared dispositive power. The filing notes that Vanguard’s clients have rights to dividends and sale proceeds, and no individual client holds more than 5% of the class. Vanguard also describes an internal realignment effective 01/12/2026, after which certain subsidiaries are expected to report beneficial ownership separately, and certifies that the holdings are in the ordinary course of business and not for influencing control.