Nexpoint Diversified Real Estate Trust (NXDT) Operating Expenses (2021 - 2026)
Nexpoint Diversified Real Estate Trust (NXDT) reported Operating Expenses of $19.4 million for Q1 2026, down 17.5% year-over-year from $23.5 million in Q1 2025, and down 96.02% quarter-over-quarter from $488.0 million in Q4 2025.
Nexpoint Diversified Real Estate Trust (NXDT) Operating Expenses (2021 - 2026) Analysis & Trends
Nexpoint Diversified Real Estate Trust (NXDT) has 6 years of Operating Expenses data on file, last reported at $19.4 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $19.4 million, down 17.5% year-over-year; the trailing twelve-month figure through Mar 2026 was $549.3 million (up 923.69% YoY), and the FY2025 annual result was $568.8 million, up 9.28% from the prior year.
- Operating Expenses slipped to $19.4 million in Q1 2026 per NXDT's latest filing, from $488.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $488.0 million in Q4 2025 and troughed at -$19.7 million in Q4 2024.
- A 5-year average of $41.7 million and a median of $13.9 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 408.17% in 2024, then soared 2574.05% in 2025.
- A 5-year view of Operating Expenses shows it stood at $24.4 million in 2022, then slumped by 73.73% to $6.4 million in 2023, then plunged by 408.17% to -$19.7 million in 2024, then soared by 2574.05% to $488.0 million in 2025, then slumped by 96.02% to $19.4 million in 2026.
- Business Quant data shows NXDT's Operating Expenses at $19.4 million in Q1 2026, $488.0 million in Q4 2025, and $20.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.90 Bn | 29.42 Bn | 1.01 Bn | 16.94 Mn |
| 2 | Broadstone Net Lease | 4.01 Bn | 4.11 Bn | - | 58.06 Mn |
| 3 | American Assets Trust | 1.48 Bn | 1.42 Bn | - | 86.87 Mn |
| 4 | Safehold | 1.14 Bn | 1.15 Bn | 109.54 Mn | 85.31 Mn |
| 5 | Empire State Realty Trust | 973.69 Mn | 1.70 Bn | - | 47.74 Mn |
| 6 | JBG SMITH Properties | 887.28 Mn | 1.38 Bn | - | 135.70 Mn |
| 7 | CTO Realty Growth | 676.07 Mn | 676.07 Mn | 31.01 Mn | 5.08 Mn |
| 8 | Gladstone Commercial | 618.88 Mn | 788.92 Mn | - | 25.24 Mn |
| 9 | AH Realty Trust | 547.30 Mn | 729.64 Mn | - | 40.55 Mn |
| 10 | Nexpoint Diversified Real Estate Trust | 259.94 Mn | 260.23 Mn | - | 19.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.42 Mn |
| Dec 31, 2025 | 487.96 Mn |
| Sep 30, 2025 | 20.79 Mn |
| Jun 30, 2025 | 21.17 Mn |
| Mar 31, 2025 | 23.54 Mn |
| Dec 31, 2024 | -19.72 Mn |
| Sep 30, 2024 | 28.16 Mn |
| Jun 30, 2024 | 21.68 Mn |
| Mar 31, 2024 | 11.03 Mn |
| Dec 31, 2023 | 6.40 Mn |
| Sep 30, 2023 | 12.89 Mn |
| Jun 30, 2023 | 13.85 Mn |
| Mar 31, 2023 | 12.54 Mn |
| Dec 31, 2022 | 24.36 Mn |
| Sep 30, 2022 | 12.72 Mn |
| Jun 30, 2022 | 6.87 Mn |
| Mar 31, 2022 | 4.92 Mn |
| Dec 31, 2021 | 5.84 Mn |
| Sep 30, 2021 | 4.99 Mn |