secwatch.observer — SEC 8-K summary
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Issuer:     Ares Real Estate Income Trust Inc. (ZARE)
CIK:        0001327978
Form:       8-K
Filed at:   2024-07-16T23:59:59+00:00
Accession:  0001327978-24-000096
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Real Estate Income Trust June NAV per share falls to $7.49 from $7.61
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- Aggregate Fund NAV decreased to $2.146B from $2.206B; NAV per share $7.4911 vs $7.6091.
- Portfolio of 102 properties (21M sq ft) 95% leased; leverage 37.8%; weighted-average interest rate 4.66%.
- Acquired two industrial and one residential property for $229.9M in Q2 2024.
- Redemption requests totaled $74.6M for Apr-Jun 2024; gross proceeds raised $189.6M.
- Rent growth on comparable commercial leases: 15% cash, 35.1% GAAP in Q2; industrial cash +48.6% TTM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327978/000132797824000096/0001327978-24-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327978/000132797824000096/are-20240630x8k.htm
  HTML page:      https://secwatch.observer/filing/0001327978-24-000096

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