NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust focused on the acquisition, development, and management of opportunistic and value-add investments throughout the United States across multiple sectors where NexPoint and its affiliates have operational expertise. NXDT is externally advised by NexPoint Real Estate Advisors X, L.P.
Full NXDT analysis →
Competitive advantage assessment
Key strengths
Conservative LeverageLeverage is conservative (score 0.95), providing refinancing flexibility.
Key risks
Weak NOI MarginsNOI margins lag peers (score 0.05), indicating weak pricing power.
NexPoint Diversified Real Estat ranks #20 of 20
scored companies in REIT - Diversified by moat score — the top 100%.
The widest moat in the group is Gladstone Commercial Corporatio (GOOD)
at 78/100.
Moat scores for companies ranked near NXDT in REIT - Diversified
For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.
AFFO Strength
Score 5
· 18% of the moat score
AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.
Balance Sheet & Cost of Capital
Score 50
· 20% of the moat score
Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.
Capital Recycling & Growth
Score 10
· 16% of the moat score
REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.
Operational Efficiency
Score 5
· 14% of the moat score
Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.
Portfolio Quality & Diversification
Score 7
· 12% of the moat score
Portfolio quality is really a question about what happens when a tenant fails.
What is NexPoint Diversified Real Estat's moat score?
NexPoint Diversified Real Estat (NXDT) scores 14 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #20 of 20 scored companies in REIT - Diversified, the top 100%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 21 companies in REIT - Diversified. Its strongest defense is Balance Sheet & Cost of Capital (50/100) and its weakest is Rent Pricing Power (5/100).
How does NexPoint Diversified Real Estat compare with other REIT - Diversified companies?
NexPoint Diversified Real Estat ranks #20 of 20 scored companies in REIT - Diversified by moat score. The widest moat in REIT - Diversified is Gladstone Commercial Corporatio (GOOD) at 78/100. The companies ranked closest are Medalist Diversified REIT, Inc. (MDRR) at 29 just above it.
How is the moat score calculated?
Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 21 companies in REIT - Diversified. The defenses are then weighted to produce the overall score out of 100.
Why is NexPoint Diversified Real Estat scored with the REIT Specialized template?
A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.
Which competitive defenses are measured for NexPoint Diversified Real Estat?
The REIT Specialized template measures 6 defenses, and NXDT scores: Rent Pricing Power (5), AFFO Strength (5), Balance Sheet & Cost of Capital (50), Capital Recycling & Growth (10), Operational Efficiency (5), Portfolio Quality & Diversification (7). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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