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
DateValue
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