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 August 31, 2021.
Class I shares had an NAV per share of $24.71 as of August 31, 2021, compared to $24.56 the previous month.
Class T shares had an NAV per share of $24.70, compared to $24.54 the previous month.
Class D shares had an NAV per share of $24.71, compared to $24.55 the previous month.
Class S shares had an NAV per share of $24.70, compared to $24.54 the previous month.
Investments in real estate increased from $552.8 million in July to $553.8 million in August, while investments in real estate-related assets increased slightly from $33.2 million to $33.4 million. Cash and cash equivalents increased from $13.7 million in July to $15.9 million in August, and other assets increased from $5.6 million to $5.8 million month-over-month.
Debt obligations at fair market value decreased from ($313.9 million) in July to ($311.1 million) in August. Accounts payable and other liabilities increased from ($5.2 million) to ($6.4 million) month-over-month, while non-controlling interests in subsidiaries increased from ($83.9 million) to ($85.2 million). Shares outstanding increased from 7.9 million to nearly 8.2 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 $209 million in investor equity as of July 2021.