secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ares Real Estate Income Trust Inc. (ZARE)
CIK:        0001327978
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001327978-24-000128
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327978/000132797824000128/0001327978-24-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327978/000132797824000128/are-20240930x8k.htm
  HTML page:      https://secwatch.observer/filing/0001327978-24-000128

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer