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Brookfield REIT Authorizes Repurchases in Excess of Limits to Satisfy 100% of Requests

Brookfield Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Oaktree Real Estate Income Trust, continues to satisfy repurchase requests submitted by stockholders. In April 2024, it received repurchase requests equal to 2.3% of its aggregate NAV and during the calendar quarter ended June 30, 2024, it received repurchase requests equal to 5.6% of its aggregate NAV. Its board of directors, including independent directors, unanimously authorized repurchases in excess of the 2% monthly and 5% quarterly limitations both times so that 100% of share repurchase requests were met.

The REIT declared a total monthly net asset value and a monthly NAV per share for its shares of common stock for the month ended June 30, 2024, and reported in the July 16 supplement.

The total NAV was approximately $924.04 million as of June 30, approximately a 1.59% decrease on the month prior ($938.93 million).

Class S shares were valued at $11.1158 as of June 30 compared to $11.1726 per share the month prior, an approximate 0.51% decrease.

Class I shares were valued at $11.2130 per share compared to $11.2698 per share the month prior, an approximate 0.5% decrease.

Class D shares were valued at $11.3137 per share, compared to $11.3688 per share the month prior, an approximate 0.49% decrease.

Class T shares were valued at $11.2130 per share, compared to $11.2698 per share the month prior, an approximate 0.5% decrease.

Shares were originally priced at $10.00 each, plus applicable upfront selling commissions and dealer manager fees.

As of June 2024, Brookfield’s portfolio consisted of 85% real estate properties and 15% real estate-related loans and securities. The real estate properties consisted of rental housing (68%), net lease (23%), logistics (5%), and office (4%). Also, there were nearly 82.88 million shares outstanding at the end of June, compared to nearly 83.78 million the previous month.

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