Cantor Fitzgerald Announces Dividend and Real Estate Expansion

The firm declared distributions and expanded its holdings with a Walgreens property acquisition.

January 08, 2025

Strategic Dividend Announcement

Cantor Fitzgerald Income Trust, Inc., a prominent real estate investment firm, has declared a new set of distributions for its shareholders as part of its ongoing commitment to investor returns. The board approved a gross monthly distribution of $0.1313 per share across all classes of the company’s common stock. This amounts to an annualized dividend yield of $1.55 per share.

Eligible shareholders will receive the payments on January 7, 2025, provided they were on record by December 31, 2024. Shareholders participating in the company’s dividend reinvestment program may opt to reinvest their payouts into additional shares. Importantly, Cantor Fitzgerald clarified that these distributions may partially come from sources other than cash generated from operations, demonstrating a flexible approach to maintaining steady investor returns.

Expanding Retail Real Estate Portfolio

In addition to its dividend declaration, Cantor Fitzgerald made a significant acquisition within its real estate portfolio. The company completed a $50.1 million deal for nine Walgreens-operated retail pharmacy properties. These locations, leased to Walgreen Co. until 2036, enhance the firm’s long-term cash flow stability. The properties were acquired through the issuance of 865,711 operating partnership units, a structure that aligns with Cantor Fitzgerald’s capital strategy.

The acquisition is partially financed by a $32.6 million loan with a fixed interest rate of 4.59%. This loan carries an anticipated repayment deadline of December 2026, with final maturity extending to December 2031. The strategic investment underscores the firm’s focus on high-quality retail tenants to ensure predictable income streams for its stakeholders.

With these announcements, Cantor Fitzgerald reaffirms its dual commitment to rewarding its shareholders and growing its portfolio with value-accretive real estate assets. The developments highlight the company’s capacity to navigate a competitive market while staying focused on its long-term investment strategy.