Cantor Fitzgerald Income Trust Reports Higher NAV in February

Cantor Fitzgerald Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Rodin Global Property Trust, has declared estimated net asset values per share for its classes of common stock, as of Feb. 28, 2023.

Class S shares had an NAV per share of $26.43, compared to $26.34 the previous month.

Class I shares had an NAV per share of $26.45, compared to $26.36 the previous month.

Class T shares had an NAV per share of $26.43, compared to $26.34 the previous month.

Class D shares had an NAV per share of $26.44, compared to $26.35 the previous month.

Shares outstanding totaled 15.5 million in February 2023, compared to nearly 15.4 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 had an NAV of $408.7 million as of Feb. 28, 2023.

The company is currently offering on a continuous basis up to $1.25 billion in shares of common stock, consisting of up to $1.0 billion in shares in its primary offering and up to $250 million in shares pursuant to its distribution reinvestment plan.

As of March 20, 2023, Cantor Fitzgerald Income Trust had issued more than 10.5 million shares of common stock in its primary offering for total proceeds of approximately $261 million, including $3.8 million via its distribution reinvestment plan. On March 1, 2023, the company sold approximately $12 million shares of common stock via its primary offering and distribution reinvestment plan while it repurchased $4.6 million worth of common stock in February 2023.

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