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NexPoint Diversified Real Estate Trust (NXDT)

NYSE - NYSE Delayed Price. Currency in USD
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17.09+0.29 (+1.73%)
At close: 03:59PM EDT

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  • A
    Anonymous
    6-30-22 NAV updated in today filing was $27.72 most publicly traded REITS are up 5-10-15% on stock price over that period. Hard to predict what NAV change the holdings of NXDT have had. Regardless we are sitting on a REIT that should be in the right sectors right now at a 40% plus discount. I do not know when a dividend raise is coming, I do know this absolutely should soar on the announcement.
  • A
    Anonymous
    Conference call upbeat, sounds like good plan going forward.
  • J
    Joe
    DALLAS, Aug. 4, 2022 /PRNewswire/ — NexPoint, a multibillion-dollar alternative investment firm, today announced that its Cityplace Tower property, a 42-story office building located at 2711 North Haskell Avenue in the Uptown area of Dallas, will serve as the new home of Neiman Marcus Group’s local hub. The integrated luxury retailer, which owns Neiman Marcus, Bergdorf Goodman, and Horchow, recently disclosed that it plans to open several corporate hubs throughout the country in areas where it has significant pools of employees. Neiman Marcus Group’s Dallas hub at Cityplace Tower is expected to open in early 2023.
  • J
    Joe
    This is just my speculation but I've been thinking about what the dividend could be. So here goes: Let's say on the $26+ in NAV that they can earn $1 per share. So the 90% payout ratio would mean a 90 cent per share dividend or 7.5 cents per share per month. However, there are other accounting factors like depreciate which go into what are "taxable earning" which the 90% rule is based upon. So like I said, this is just really a guess and maybe I'm just hoping for a nice bump up in the dividend.

    The bottom line will be revealed when we get the 3rd quarter earnings report, which will be their first report since officially becoming a REIT.
  • J
    Joe
    Cathy Wood on the BOD. Is that good? Will definitely draw some attention to NXDT.
  • J
    Joe
    Note there is an NXDT update call scheduled for 8/10.
  • A
    Anonymous
    Anyone figure out how to listen to replay of the call?
  • G
    George
    I talked to someone with the company. I feel confident that the dividend will be raised soon! They officially became a REIT on July 1st so they have to pay out 85% of earnings to shareholders . I think it will be $20/share by yearend....my opinion. With a BV of over $26/share I think the gap will narrow. They are in a good market.
  • J
    Joe
    No mention of a dividend in the press release.
  • G
    Gregory
    Very disappointed in the whole process.
  • M
    Mark
  • G
    Gregory
    So, we should open tomorrow over $26?
  • J
    Joe
    Why is the preferred off 12%?
  • D
    D. Man
    Where do we find the NAV?
  • G
    Gregory
    Very disappointing. I was hoping for much more.
  • J
    Joe
    The preferred is now yielding 7%. Go ex-divvie on 6/22 like the common.
  • D
    D. Man
    I'm a little worried about the loss of getting a daily NAV reading. The beauty of the daily read was that you got some comfort as to the estimated value of the underlying assets. As a long time investor I can tell you these stocks can go bad slowly then very quickly. The fact that it looked like NXDT was well below it's NAV is a plus but I can point to many REITs that are just as significantly under their NAV. Good luck!
  • J
    Joe
    On 5/19 NXDT filed the 4th amendment to the deregistration application. This is the first amendment since 12/2/21.
  • J
    Joe
    The Company has since realigned its portfolio so that it is no longer an “investment company” under the Investment Company Act of 1940 (the “1940 Act”). On March 31, 2021, the Company filed an application with the Securities and Exchange Commission (the “SEC”) for an order under the 1940 Act declaring that the Company no longer operate as an investment company (the “Deregistration Order”). During the SEC’s review process, the Company will continue to be structured as a closed-end investment fund. The Company has also completed the repositioning of its investment portfolio sufficient to achieve REIT tax status and is operating during its 2021 taxable year so that it may qualify for taxation as a REIT.