Nexpoint Diversified Real Estate Trust (NXDT) Operating Expenses (2021 - 2026)

Nexpoint Diversified Real Estate Trust's (NXDT) quarterly Operating Expenses came in at $19.4 million in Q1 2026, down 17.5% year-on-year from $23.5 million in Q1 2025, and up 141.15% on a QoQ basis from -$47.2 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.

  • On a quarterly basis, Operating Expenses fell 17.5% year-over-year to $19.4 million in Q1 2026; TTM through Mar 2026 was $14.2 million, a 92.94% decrease from a year earlier, with the FY2025 full-year figure at $33.7 million, down 93.53% from the prior year.
  • Operating Expenses for Q1 2026 stood at $19.4 million, up from -$47.2 million in the prior quarter.
  • Over the last five years, Operating Expenses for NXDT reached as high as $127.3 million in Q4 2024 and fell as low as -$47.2 million in Q4 2025.
  • Historically, Operating Expenses has averaged $18.9 million across 5 years, with a median of $13.9 million in 2023.
  • Across the five-year window, Operating Expenses jumped 1889.67% in 2024 and slumped 137.06% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $24.4 million in 2022, then tumbled by 73.73% to $6.4 million in 2023, then soared by 1889.67% to $127.3 million in 2024, then slumped by 137.06% to -$47.2 million in 2025, then soared by 141.15% to $19.4 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $19.4 million in Q1 2026, -$47.2 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 28.12 Bn 27.64 Bn 1.01 Bn 15.98 Mn
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 255.10 Mn
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - 58.06 Mn
4 American Assets Trust 1.47 Bn 1.41 Bn - 86.87 Mn
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn 85.31 Mn
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 160.87 Mn
7 Cim 917.30 Mn 735.54 Mn - 64.12 Mn
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - 135.70 Mn
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 30.88 Mn
10 Nexpoint Diversified Real Estate Trust 280.46 Mn 308.53 Mn - 19.42 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 19.42 Mn
Dec 31, 2025 -47.20 Mn
Sep 30, 2025 20.79 Mn
Jun 30, 2025 21.17 Mn
Mar 31, 2025 23.54 Mn
Dec 31, 2024 127.34 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