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 common stock, as of October 31, 2021.
Class I shares had an NAV per share of $24.86 as of October 31, 2021, compared to $24.83 the previous month.
Class T shares had an NAV per share of $24.84, compared to $24.81 the previous month.
Class D shares had an NAV per share of $24.86, compared to $24.82 the previous month.
Class S shares had an NAV per share of $24.84, compared to $24.81 the previous month.
Investments in real estate remained unchanged at $552.1 million in September and October, while investments in real estate-related assets increased slightly from $35 million to $35.2 million month-over-month. Cash and cash equivalents increased from $15.9 million in September to $21.7 million in October, and other assets increased from $5.8 million to $6.1 million.
Debt obligations at fair market value decreased slightly from ($308.8 million) in September to ($307.8 million) in October. Accounts payable and other liabilities remained unchanged at ($6.7 million) month-over-month, while non-controlling interests in subsidiaries decreased from ($85.2 million) to ($78.9 million). Shares outstanding totaled 8.7 million at October 2021, compared to nearly 8.5 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 $222.4 million in investor equity as of September 2021.