Looking at the NAVs and Distribution Yields for Continuously Offered Nontraded REITs
March 3, 2020
The eleven nontraded REITs that are currently offering common shares on a continuous basis at NAVs that are revised either monthly or daily are reporting higher NAVs since December 31, 2018 in all but one case. However, between December 31, 2019, and January 31, 2020, two of the REITs have seen a decrease in their Class T NAVs and one has had no change.
The average distribution yield for Class T shares (net of fees) among the ten REITs that have Class T shares was 4.94% based upon the January 31, 2020 NAVs and the February monthly distribution rates.
The greatest increase in Class T NAVs since December 31, 2018, was reported by Starwood Real Estate Income Trust at 7.40%. Next In terms of increase was reported by Blackstone Real Estate Income Trust at 6.22%. The other seven Class T NAVs had changes in NAVs that ranged from -0.51% to 2.98%.
Source: SEC
