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 August 31, 2022.
Class I shares had an NAV per share of $26.65, compared to $26.39 the previous month.
Class T shares had an NAV per share of $26.63, compared to $26.37 the previous month.
Class D shares had an NAV per share of $26.65, compared to $26.38 the previous month.
Class S shares had an NAV per share of $26.63, compared to $26.37 the previous month.
The company reported that investments in real estate increased from $978.9 million in July to $1.1 billion in August, while investments in real estate-related assets remained flat at around $34 million. Cash and cash equivalents increased slightly from $28.9 million in July to $37.8 million in August, and other assets decreased from $10.9 million to $10.4 million.
Debt obligations at fair market value increased from ($416.0 million) in July to ($447.6 million) in August. Accounts payable and other liabilities increased from ($10.8 million) to ($13.4 million) month-over-month, while non-controlling interests in subsidiaries increased from ($252.9 million) to ($331.6 million). Shares outstanding totaled 14.1 million at August 2022, compared to nearly 13.7 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 $328.6 million in investor equity as of June 30, 2022.