Cantor Fitzgerald Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Rodin Global Property Trust, has approved an estimated net asset value per share for its common stock, as of October 31, 2020.
Class AX, Class IX, Class D, and Class I shares have an NAV per share of $23.85 each as of October 31, 2020, compared to $23.74 the previous month (except for Class D shares which were not valued in September as there were none outstanding).
Class TX and Class T shares had an NAV of $23.83 per share, compared to $23.72 per share the previous month.
Shares were originally priced at $25.00 each.
Investments in real estate remained flat in October at nearly $179 million, unchanged from September. Investments in real estate-related assets were also flat at approximately $23.7 million. Cash and cash equivalents increased from $36.6 million in September to $38.3 million in October. Other assets decreased slightly from $881,500 to $875,600 month over month.
Debt obligations at fair market value decreased from approximately $87.4 million in October to nearly $86.4 million the previous month. Accounts payable and other liabilities increased from nearly $2.2 million in September to $2.7 million in October. Sponsor support repayment and special unit holder interest in liquidation remained flat month over month at nearly $3.3 million.
Cantor Fitzgerald Income Trust invests in a portfolio of stabilized commercial real-estate and debt secured by commercial real estate located primarily in the United States. The REIT has raised $159 million in investor equity as of September 2020.