At a glance
- The company repurchased 106,071 shares of common stock on Sept. 30 for $2.2 million, it said Oct.
- The fill rate compares with 52.3% in August and 37.3% in July.
- NAV per Class I share rose to $21.02 from $20.78, and transaction prices for subscriptions accepted Nov. 1 range from $21.00 to $21.02 across Class S, I, T and D shares.
Cantor Fitzgerald Income Trust honored 27% of September repurchase requests, its 10th straight month of proration and the lowest fill rate since March, AltsWire reported. The company repurchased 106,071 shares of common stock on Sept. 30 for $2.2 million, it said Oct. 15.
The fill rate compares with 52.3% in August and 37.3% in July. The trust filled all requests through November 2025, the company reported in December, when it announced fee cuts across all share classes. Since December, monthly fill rates have ranged from 17% to 53.9%. The trust is externally advised by Cantor Fitzgerald Income Advisors.
Aggregate net asset value rose 6.2% to $463.2 million at Sept. 30 from $436.1 million on Aug. 31. NAV per Class I share rose to $21.02 from $20.78, and transaction prices for subscriptions accepted Nov. 1 range from $21.00 to $21.02 across Class S, I, T and D shares.
Fill rate on repurchase requests falls to 27% in September
Tenth straight month of proration; lowest since March
Show as table
| Label | Value (%) |
|---|---|
| Mar 2026 | 17% |
| Jul 2026 | 37.3% |
| Aug 2026 | 52.3% |
| Sep 2026 | 27% |
2026 equity comes through OP units, not common stock
Most of the REIT's new equity in 2026 has come from Delaware statutory trust interests exchanged for operating partnership units rather than from sales of common stock. On Sept. 1 the trust acquired DST interests in The Mark at Mamaroneck, a 229-unit multifamily community in Mamaroneck, N.Y., in exchange for OP units; on Oct. 14 it exercised its fair market value purchase option to acquire the remaining DST interests there. Across the two transactions, $37.8 million of equity was exchanged for 1.83 million Class I OP units, bringing OP unit equity issued in 2026 to $195.7 million, the company said. A refinancing of the property's existing mortgage generated $24.1 million, which the trust used to pay down its credit facility.
Since its continuous offering began in February 2024, the REIT has sold 1.3 million shares of common stock for $26.3 million through the offering's primary portion and issued another 652,711 shares worth $13.4 million through its distribution reinvestment plan. Over the same period it has redeemed 6.18 million shares for $127.1 million.
Multifamily made up 53.3% of the REIT's real estate assets by fair value at Sept. 30, up from 29.9% at the end of 2025, while distribution and logistics fell to 8.2% from 24.3%. Single-tenant office accounted for 21.7% and necessity retail 13%. Weighted average occupancy was 95.3%, excluding data centers, and the trust held $6.9 million in unrestricted cash with $34.1 million available under its credit facility.
Reported by the Liquidity desk from AltsWire. Published . Corrections