Ares Real Estate Income Trust NAV per share falls to $7.6794 as of April 30, 2024

Ares Real Estate Income Trust Inc.

NAV per share across all classes: $7.6794, down from $7.6998 at March 31, 2024.
Portfolio: 99 properties, 20.1M sq ft, 95.2% leased; leverage ratio 36.1%.
Quarter-to-date gross proceeds raised ~$52.0M; redemptions in April totaled $20.7M.
Issued 11.3M OP Units in exchange for DST Interests net investment $88.8M in April.
Weighted-average exit cap rate 5.9% and discount rate 7.3% used in real property valuations.

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