The board of Rodin Global Property Trust Inc., a publicly registered non-traded REIT sponsored by Cantor Fitzgerald Investors, has approved an estimated net asset value per share for the company’s common stock, as of as of December 31, 2019.
The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities divided by the number of outstanding shares, all as of December 31, 2019.
Class A and Class I shares have a NAV per share of $25.11, and Class T shares have a NAV of $25.09 per share, as of December 31, 2019. This is an increase from last quarter’s valuation of $25.04 for Class A and Class I shares, and $25.02 for Class T shares, as of September 30, 2019. Shares were originally priced at $25.00 each.
Independent valuation firm Robert A. Stanger & Co. assisted with the calculation, which was performed in accordance with Institute for Portfolio Alternatives (formerly the Investment Program Association) guidelines.
Rodin Global Property Trust invests primarily in single-tenant net leased commercial properties located in the United States and Europe and raised approximately $128 million in investor equity, as of December 31, 2019. The REIT’s real estate investments total $182.8 million, in addition to $25.6 million relating to investments in real estate-related assets.