Ares Real Estate Income Trust reports Sep NAV per share $7.4957, up 0.4% MoM; portfolio 93.8% leased

Ares Real Estate Income Trust Inc.

NAV per Fund Interest $7.4957 (all share classes) vs $7.4662 in Aug; aggregate Fund NAV $2.362B.
Acquired six self-storage properties for $97M in Q3; sold one retail property for $4.2M.
Portfolio 93.8% leased; commercial rent growth on new leases +54.7% cash basis in Q3 2024.
Leverage ratio 37.2%; weighted-avg interest rate 4.52% on consolidated borrowings.
Monthly distribution declared $0.03333 per share for September 2024, unchanged.

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