other material
confidence high
sentiment neutral
materiality 0.50
AREIT Dec NAV rises to $7.5867; acquires $542M in Q4 properties
Ares Real Estate Income Trust Inc.
- NAV per share up 0.6% to $7.5867 at Dec 31, 2024 from $7.5396 at Nov 30, 2024.
- Acquired 14 industrial and 3 residential properties for $542.3M in Q4 2024.
- Portfolio of 124 properties (24.6M sq ft) 94.8% leased; leverage ratio 41.2%.
- Originated $196M senior real estate debt investment in December 2024.
- Gross proceeds raised $244.3M in Q4; redemption requests totaled $42.7M.