2024-05-13 22:06:50 ET
Summary
- NexPoint Diversified Real Estate Trust common equity is down 27% since our previous coverage and more pain may be ahead due to its structure and complexity.
- Two key assets, VineBrook Homes and Citiyplace Tower, make up 30% of NXDT's NAV and are at high risk of being wiped out.
- Investors should avoid long positions and limit exposure to NXDT due to the potential for asset disposals at a loss and pressure on common equity.
Read the full article on Seeking Alpha
For further details see:
NexPoint Diversified: A Look-Through Approach To NAV Reveals Concerns