Cantor Fitzgerald Income Trust Declares Monthly NAV Per Share
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 March 31, 2021.
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 March 31, 2021.
Class AX, Class IX, and Class I shares had an NAV per share of $24.17 as of March 31, 2021, compared to $24.00 the previous month.
Class TX shares had an NAV per share of $24.15, compared to $23.98 the previous month.
Class T shares had an NAV per share of $24.15, compared to $23.98 the previous month.
Class D shares had an NAV per share of $24.16, compared to $24.00 the previous month.
Class S shares had an NAV per share of $24.15, compared to $23.98 the previous month.
Investments in real estate increased from nearly $237.2 million in February to $359.8 million in March, while investments in real estate-related assets hovered around $33.3 million month-over-month. Cash and cash equivalents decreased from $21.7 million in February to $13.6 million in March, while other assets increased from $862,000 in February to $3 million in March.
Debt obligations at fair market value increased from approximately $117 million in February to $193.5 million in March. Accounts payable and other liabilities increased slightly from $2.8 million in February to $2.9 million in March. Non-controlling interests in subsidiaries increased from ($10.3 million) in February to ($46.7 million) in March. There were 6.8 million of share outstanding in March, compared to 6.7 million the previous month.
Cantor Fitzgerald Income Trust invests in a portfolio of income-producing commercial real-estate and debt secured by commercial real estate located primarily in the United States. The REIT has raised $166.8 million in investor equity as of late March 2021.
