other material
confidence high
sentiment neutral
materiality 0.60
AREIT Jul 31 NAV per share $7.4965, up 0.07% MoM; aggregate NAV $2.396B
Ares Real Estate Income Trust Inc.
- NAV per share $7.4965 for all classes vs $7.4911 on June 30, 2024; aggregate NAV rose to $2.396B from $2.146B.
- Issued 35.1M OP Units in exchange for DST Interests, net investment $266.8M during July.
- Quarter-to-date gross proceeds of $34.7M raised; July redemptions of $15.5M fully paid.
- Portfolio of 108 properties, 94.3% leased; leverage ratio 39.2% as of July 31, 2024.
- Monthly distribution of $0.03333 per share declared for July 2024, unchanged from prior month.