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Nexpoint Diversified Real Estate Trust cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$6.6M in Q2 2026 · −$7.4M over twelve months

Operating cash flow−$4.6M
Capital spending−$2.0M
Free cash flow−$6.6M
Cash / net income-2.3×

Analysis

In Q2 2026, Nexpoint Diversified Real Estate Trust generated −$4.6M of operating cash flow and spent $2.0M on capital projects, leaving free cash flow of −$6.6M. That is $6.3M less than in Q2 2025 (−$269K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$3.1M; the largest uses were net borrowing (+) / repaid (−) ($8.5M), dividends ($6.9M), buybacks ($4.7M); besides operations, cash came from other investing ($21.2M), asset & business sales ($10.6M); the cash balance rose by $2.7M.

Operating cash flow was −$4.6M against net income of $2.0M — -2.3× profit, less cash than reported earnings, worth checking against working capital. The largest differences: depreciation & amortization +$3.5M, other liabilities −$1.8M, stock-based pay +$1.3M.

Free cash flow

Nexpoint Diversified Real Estate Trust: free cash flow by quarterNexpoint Diversified Real Estate Trust: free cash flow by quarter−$1.5MQ3 2024−$5.3MQ4 2024$6.1MQ1 2025−$269KQ2 2025$315KQ3 2025$527KQ4 2025−$1.6MQ1 2026−$6.6MQ2 2026
Operating cash flow less capital spending.
Nexpoint Diversified Real Estate Trust: operating cash flow against capital spendingNexpoint Diversified Real Estate Trust: operating cash flow against capital spendingOperating cash flowCapital spending$497K$2.0MQ3 2024−$4.1M$1.2MQ4 2024$7.1M$950KQ1 2025$75K$344KQ2 2025$835K$520KQ3 2025$1.2M$653KQ4 2025−$498K$1.1MQ1 2026−$4.6M$2.0MQ2 2026
Latest (Q2 2026): Operating cash flow −$4.6M, Capital spending $2.0M.

Capital allocation, year by year

Nexpoint Diversified Real Estate Trust: where the cash came from (up) and went (down), by fiscal yearNexpoint Diversified Real Estate Trust: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $38.1MFY2021: Shares issued −$72KFY2021: Dividends −$20.1M$38.1MFY2021FY2023: Operating cash flow −$24.3MFY2023: Net borrowing −$10.8MFY2023: Asset sales $13.8MFY2023: Capital spending −$10.5MFY2023: Dividends −$13.4M$13.8MFY2023FY2024: Operating cash flow −$11.7MFY2024: Net borrowing −$13.5MFY2024: Asset sales $25.1MFY2024: Capital spending −$8.3MFY2024: Dividends −$4.9M$25.1MFY2024FY2025: Operating cash flow $9.2MFY2025: Net borrowing −$12.6MFY2025: Asset sales $26.4MFY2025: Capital spending −$2.5MFY2025: Buybacks −$1.9MFY2025: Dividends −$6.0M$35.6MFY2025
Over these 4 years operating cash flow totalled $11.3M; the largest uses were dividends ($44.4M) and net borrowing ($36.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$11.7M
Debtnone
Net cash$11.7M
Due within a year$239M
Cash runway19 months

Nexpoint Diversified Real Estate Trust is burning cash: its operations consume cash, a free cash flow of −$7.4M a year at the current rate against $11.7M of cash and investments: a runway of about 19 months; $239M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Nexpoint Diversified Real Estate Trust: debt maturities by year (FY2025)Nexpoint Diversified Real Estate Trust: debt maturities by year (FY2025)$239MYear 1$21.3MYear 2$10.0MYear 4$42.7MAfter year 5
Principal due in each year as disclosed in the annual report, against $11.7M of cash and investments now.

Where the cash came from and went

Nexpoint Diversified Real Estate Trust: sources (+) and uses (−) of cash, Q2 2026Nexpoint Diversified Real Estate Trust: sources (+) and uses (−) of cash, Q2 2026Other financing$12.2MOperating cash flow−$4.6MCash drawn (+) / kept (−)−$2.4MDividends−$2.1MCapital spending−$2.0MNet borrowing (+) / repaid (−)−$1.1MOther investing$784KTaxes on employees’ shares−$620KBuybacks−$515KAsset & business sales$334KPartners−$2K
Nexpoint Diversified Real Estate Trust: sources (+) and uses (−) of cash, TTM to Q2 2026Nexpoint Diversified Real Estate Trust: sources (+) and uses (−) of cash, TTM to Q2 2026Other investing$21.2MAsset & business sales$10.6MNet borrowing (+) / repaid (−)−$8.5MDividends−$6.9MBuybacks−$4.7MCapital spending−$4.3MOperating cash flow−$3.1MCash drawn (+) / kept (−)−$2.7MTaxes on employees’ shares−$946KOther financing−$663KPartners−$12K

From profit to cash

Nexpoint Diversified Real Estate Trust: net income to operating cash flow, Q2 2026Nexpoint Diversified Real Estate Trust: net income to operating cash flow, Q2 2026Net income$2.0MDepreciation & amortization$3.5MStock-based pay$1.3MOther liabilities−$1.8MIncome taxes payable−$202KOperating cash flow−$4.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$4.6M−$2.0M−$515K−$2.1M−$1.1M—−$2.4M−$6.6M
Q1 2026−$498K−$1.1M−$2.2M−$1.8M−$261K—$2.3M−$1.6M
Q4 2025$1.2M−$653K−$1.1M−$1.6M——−$1.2M$527K
Q3 2025$835K−$520K−$800K−$1.4M$2.0M—−$1.3M$315K
Q2 2025$75K−$344K—−$1.5M−$2.5M—$2.0M−$269K
Q1 2025$7.1M−$950K—−$1.5M−$3.0M$203K−$2.0M$6.1M
Q4 2024−$4.1M−$1.2M—−$1.3M−$5.0M—$4.3M−$5.3M
Q3 2024$497K−$2.0M—−$1.2M−$5.0M—$21.1M−$1.5M

Nexpoint Diversified Real Estate Trust: income statement and cash flow

Nexpoint Diversified Real Estate Trust, Q2 2026: revenue $19.3M (-8% year over year), operating margin 10.9%. The chart follows the revenue to costs, profit and cash.

Nexpoint Diversified Real Estate Trust: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.