other material
confidence high
sentiment negative
materiality 0.75
Cantor Fitzgerald Income Trust NAV drops to $22.32 amid CRE valuation decline; distribution unchanged
Cantor Fitzgerald Income Trust, Inc.
- Class I Share NAV fell to $22.32 on Nov 30, 2023 from $24.26 on Oct 31, per portfolio revaluation.
- Annualized distribution remains $1.55/share, yielding 6.94% on Nov 30 NAV.
- Same-store annualized rental income up 4.9% YoY for 12 months ended Sep 30, 2023.
- Net debt to total capitalization at 48.6%; 79% of property-level debt is fixed rate.
- Company invested in two investment-grade CMBS at weighted-average yield to maturity of 13%.