Brookfield REIT Total Monthly NAV Drops Again, Nearly 2.4%

Brookfield Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Oaktree Real Estate Income Trust, had a total monthly net asset value of $963.98 million as of March 31, 2024. This was a 2.38% decrease on the month prior ($987.52 million).

The REIT declared a monthly NAV per share for its shares of common stock for the month ended March 31, and reported in the April 15, 2024, supplement.

Class S shares were valued at $11.224 as of March 31 compared to $11.351 per share the month prior, a 1.12% decrease.

Class I shares were valued at $11.3174 per share compared to $11.4431 per share the month prior, a 1.1% decrease.

Class T shares were valued at $11.3174 per share, compared to $11.4431 per share the month prior, a 1.1% decrease.

Class D shares were valued at $11.4227 per share, compared to $11.5337 per share the month prior, a 0.96% decrease.

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

The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities divided by the number of outstanding shares.

As of March 2024, Brookfield’s portfolio consisted of 76% real estate properties and 24% real estate-related loans and securities. The real estate-related loans and securities consisted of 75 investments with an aggregate fair value of approximately $229 million. Also, there were nearly 85.65 million shares outstanding at the end of March, compared to 86.78 million the previous month.

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