Cantor Fitzgerald REIT Fulfills 100% Buybacks Amid NAV Decline

In July 2024, Cantor Fitzgerald REIT saw a 6.5% decline in its NAV but successfully fulfilled 100% of repurchase requests, an improvement from the previous month.

August 28, 2024

Cantor Fitzgerald Income Trust Inc., a non-traded real estate investment trust previously known as Rodin Global Property Trust, reported a total net asset value of approximately $273.8 million as of July 31, 2024. This marks a 6.5% decline from the previous month’s NAV of $292.8 million.

On July 31, the REIT successfully repurchased nearly 277,000 shares of common stock for a total of $5.9 million, fulfilling 100% of repurchase requests—an improvement from the previous month, where only 43% of requests were met.

The REIT's portfolio is primarily concentrated in multifamily (35.1%), single tenant office (31%), and single tenant industrial (30.5%) properties, with a geographical focus in Texas, Ohio, and California. The NAV per share for all share classes decreased by approximately 4.9% in July.

Cantor Fitzgerald Income Trust continues to offer up to $1.25 billion in shares through its ongoing primary offering and distribution reinvestment plan. As of August 19, the REIT had raised approximately $5.3 million from the issuance of shares in these offerings. Launched in March 2017, the REIT focuses on income-producing commercial real estate and debt secured by commercial real estate, primarily in the United States.