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 July 31, 2021.
Class I shares had an NAV per share of $24.56 as of July 31, 2021, compared to $24.26 the previous month.
Class T shares had an NAV per share of $24.54, compared to $24.24 the previous month.
Class D shares had an NAV per share of $24.55, compared to $24.25 the previous month.
Class S shares had an NAV per share of $24.54, compared to $24.24 the previous month.
Investments in real estate increased from $391.4 million in June to $552.8 million in July, while investments in real estate-related assets remained unchanged at $33.2 million. Cash and cash equivalents decreased from $29.6 million in June to $13.7 million in July, and other assets increased from $4.7 million to $5.6 million month-over-month.
Debt obligations at fair market value increased from ($194.2 million) in June to ($313.9 million) in July. Accounts payable and other liabilities decreased from ($14.5 million) to ($5.2 million) month-over-month, while non-controlling interests in subsidiaries increased from ($66.3 million) to ($83.9 million). Shares outstanding increased from 7.5 million to 7.9 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 $202.1 million in investor equity as of June 2021.