Apollo Realty Income Solutions Total Monthly NAV Up Almost 4.3%

Apollo Realty Income Solutions Inc., a non-traded net asset value real estate investment trust sponsored by Apollo Global Management Inc., reported its monthly aggregate NAV. It grew to approximately $927.4 million as of Sept. 30, 2024, compared to $888.9 million the month prior, an increase of approximately 4.3%.

Its declared monthly NAV per share as of Sept. 30, 2024, was as follows (calculations based on full figures in filing, percentages rounded to the nearest hundredth):

Class S shares had a NAV per share of $20.9620, compared to $20.9567 per share the previous month, an approximate 0.03% increase.

Class I shares had a NAV per share of $20.8876, compared to $20.8918 per share the previous month, an approximate 0.02% decrease.

Class F-I shares had a NAV per share of $20.7649, compared to $20.7592 per share the previous month, an approximate 0.03% increase.

Class A-I shares had a NAV per share of $21.1215, compared to $21.1056 per share the previous month, an approximate 0.08% increase.

Class A-II shares had a NAV per share of $21.0670, compared to $21.0530 per share the previous month, an approximate 0.07% increase.

While the REIT has registered nine separate share classes, it has only sold the classes listed. As a result, the transaction price for the remaining share classes (D, F-S, F-D, A-III) is based on the company’s total NAV per share of $21.0807 as of Sept. 30.

As of the end of the third quarter of 2024, Apollo’s number of outstanding shares was just under 44 million.

It declared October 2024 distributions, payable on or around Nov. 20, of $0.1120, the same as in September.

The REIT is currently offering up to $5 billion in shares of common stock on a continuous basis, consisting of up to $4 billion in shares in its primary offering and up to $1 billion in shares pursuant to its distribution reinvestment plan. As of Oct. 17, it has issued and sold in the offering approximately 40.1 million shares of its common stock in the primary offering for total proceeds of approximately $825 million; and more than 240,000 shares of its common stock pursuant to its distribution reinvestment plan for a total value of approximately $5 million.

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