Cantor Fitzgerald Income Trust Declares Net Asset Value Per Share
Cantor Fitzgerald Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Rodin Global Property Trust, has declared an estimated net asset value per share for its common stock, as of September 30, 2021.
Cantor Fitzgerald Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Rodin Global Property Trust, has declared an estimated net asset value per share for its common stock, as of September 30, 2021.
Class I shares had an NAV per share of $24.83 as of September 30, 2021, compared to $24.71 the previous month.
Class T shares had an NAV per share of $24.81, compared to $24.70 the previous month.
Class D shares had an NAV per share of $24.82, compared to $24.71 the previous month.
Class S shares had an NAV per share of $24.81, compared to $24.70 the previous month.
Investments in real estate decreased from $553.8 million in August to $552.1 million in September, while investments in real estate-related assets increased from $33.4 million $35 million. Cash and cash equivalents remained flat at $15.9 million, and other assets was unchanged at $5.8 million.
Debt obligations at fair market value decreased from ($311.1 million) in August to ($308.8 million) in September. Accounts payable and other liabilities increased slightly from ($6.4 million) to ($6.7 million) month-over-month, while non-controlling interests in subsidiaries decreased from ($85.2 million) to ($78.9 million). Shares outstanding totaled roughly 8.5 million at September 2021, compared to nearly 8.2 million the previous month.
Cantor Fitzgerald Income Trust launched in March 2017 to invest in a portfolio of income-producing commercial real-estate, as well as debt secured by commercial real estate, located primarily in the United States. The REIT has raised $215.9 million in investor equity as of August 2021.
