Cantor Fitzgerald Income Trust Updates 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 estimated net asset values per share for its classes of common stock, as of November 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 estimated net asset values per share for its classes of common stock, as of November 30, 2021.
Class I shares had an NAV per share of $25.42, compared to $24.86 the previous month.
Class T shares had an NAV per share of $25.40, compared to $24.84 the previous month.
Class D shares had an NAV per share of $25.41, compared to $24.86 the previous month.
Class S shares had an NAV per share of $25.40, compared to $24.84 the previous month.
Investments in real estate increased from $552.1 million in October to $631.9 million in November, while investments in real estate-related assets remained flat at around $35 million. Cash and cash equivalents decreased slightly from $21.7 million in October to $20.5 million in November, and other assets increased from $6.1 million to $8.2 million.
Debt obligations at fair market value increased from ($307.8 million) in October to ($340.5 million) in November. Accounts payable and other liabilities increased from ($6.7 million) to ($7.4 million) month-over-month, while non-controlling interests in subsidiaries increased from ($78.9 million) to ($109.8 million). Shares outstanding totaled 9.1 million at November 2021, compared to nearly 8.7 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 $232.6 million in investor equity as of October 2021.
