Brookfield REIT’s August NAV Declines by 1.83%

Brookfield Real Estate Income Trust reported a 1.83% drop in its total NAV for August 2024, while continuing to fulfill all shareholder repurchase requests and maintaining a portfolio primarily focused on real estate properties.

October 02, 2024

Brookfield Real Estate Income Trust Inc., formerly known as Oaktree Real Estate Income Trust, reported a 1.83% decline in its total net asset value (NAV) for the month ending August 31, 2024. The NAV decreased from $913.5 million in July to approximately $896.7 million in August, as outlined in the company’s September 17 update.

As of August 31, Class S shares were valued at $10.9145, a 1.37% decrease from the previous month’s $11.0662. Class I shares saw a 1.33% drop to $11.0178, Class D shares fell 1.34% to $11.1154, and Class T shares declined 1.33% to $11.0178.

Brookfield has continued to meet shareholder repurchase requests, even surpassing the standard 2% monthly and 5% quarterly limits. In both April and June 2024, the company approved all repurchase requests, ensuring 100% were fulfilled. As of the end of August, the REIT had approximately 81.87 million shares outstanding, slightly down from the previous month’s 82.28 million.

Brookfield’s portfolio consists of 88% real estate holdings and 12% real estate-related loans and securities, with rental housing representing 68% of its property assets. The REIT is currently offering up to $7.5 billion in shares, which includes $6 billion from its primary offering and $1.5 billion through its distribution reinvestment plan. To date, it has raised $434 million from the primary offering and $35.3 million through the reinvestment plan.