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 May 31, 2021.
Class I shares had an NAV per share of $24.28 as of May 31, 2021, compared to $24.27 the previous month.
Class T shares had an NAV per share of $24.26, compared to $24.25 the previous month.
Class D shares had an NAV per share of $24.27, compared to $24.26 the previous month.
Class S shares had an NAV per share of $24.26, compared to $24.25 the previous month.
Investments in real estate increased from $359.8 million to $390.6 million month-over-month, while investments in real estate-related assets decreased slightly from $33.6 million to $33.4 million. Cash and cash equivalents increased from $18.4 million in April to $27 million in May, and other assets increased from $4 million to $4.2 million in April and May, respectively.
Debt obligations at fair market value increased slightly from ($193.5 million) to nearly ($193.8 million) month-over-month. Accounts payable and other liabilities increased from ($3.8 million) in April to ($15.4 million) in May. Non-controlling interests in subsidiaries totaled ($46.3 million) in April compared to ($73.1 million) in May. There were approximately 7 million shares outstanding in both April and May.
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 $182.8 million in investor equity as of April 2021.