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 June 30, 2021.
Class I shares had an NAV per share of $24.26 as of June 30, 2021, compared to $24.28 the previous month.
Class T shares had an NAV per share of $24.24, compared to $24.26 the previous month.
Class D shares had an NAV per share of $24.25, compared to $24.27 the previous month.
Class S shares had an NAV per share of $24.24, compared to $24.26 the previous month.
Investments in real estate increased from $390.6 million in May to $391.4 million in June, while investments in real estate-related assets decreased slightly from $33.4 million to $33.2 million. Cash and cash equivalents increased from $27 million in May to $29.6 million in June, and other assets increased from $4.2 million to $4.7 million month-over-month.
Debt obligations at fair market value increased slightly from nearly ($193.8 million) in May to ($194.2 million) in June. Accounts payable and other liabilities decreased from ($15.4 million) to ($14.5 million) month-over-month, while non-controlling interests in subsidiaries decreased from ($73.1 million) in May to ($66.3 million) in June. Shares outstanding increased from 7 million to 7.5 million month-over-month.
Cantor Fitzgerald Income Trust launched in March 2017 to invest 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 $191.7 million in investor equity as of May 2021.