Inside the Vault- Page 5 of 88

Inside the Vault

May 16, 2023

How did the capital raised by nontraded REITs in Q4 2022 compare to the amount raised in Q4 2021?

How did the capital raised by nontraded REITs in Q4 2022 compare to the amount raised in Q4 2021? Answer: Nontraded REIT programs raised $5.29 billion in Q4 2022, down from the $12.47 billion raised in Q4 2021. (includes DRP proceeds)

May 10, 2023

Which two nontraded REITs owned the most self-storage properties as of December 31, 2022?

Which two nontraded REITs owned the most self-storage properties as of December 31, 2022? Answer: Blackstone REIT owned 208 self-storage properties and Starwood REIT owned 153 self-storage properties as of December 31, 2022.

May 2, 2023

Which NAV nontraded REIT had the largest increase in its Class I share net asset value in March 2023?

Which NAV nontraded REIT had the largest increase in its Class I share net asset value in March 2023? Answer: Apollo Realty Income Solutions reported an increase in its Class F-I share estimated NAV from $20.05 to $20.14, and increase of 0.45%. The median change for all NAV REITs for March 2023 was negative 1.52%.

April 25, 2023

Which listed REIT that issues nontraded preferred stock invests primarily in farm land?

Which listed REIT that issues nontraded preferred stock invests primarily in farm land? Answer: Gladstone Land (NYSE: LAND) is a REIT that currently owns 169 farms comprised of 115,731 acres across 15 states in the U.S., as well as several farm-related facilities.

April 25, 2023

How many common shares did FS Credit Real Estate Income Trust repurchase in 2022?

How many common shares did FS Credit Real Estate Income Trust repurchase in 2022? Answer: During the year ended December 31, 2022,the Company repurchased 9,091,329 shares of common stock under its share repurchase plan representing a total of $225,664,000.

April 18, 2023

Which previously nontraded REIT recently began trading on the NYSE?

Which previously nontraded REIT recently began trading on the NYSE? Answer: Peakstone Realty Trust, formerly known as Griffin Realty Trust, began trading with its common shares listing on the NYSE on April 13, under the ticker "PKST".

April 11, 2023

Both NAREIT and IPA define FFO and MFFO for nontraded REITs. What is a major difference between the two calculations for FFO?

Both NAREIT and IPA define FFO and MFFO for nontraded REITs. What is a major difference between the two calculations for FFO? Answer: The NAREIT definition of FFO includes an adjustment for impairments to real estate assets in the calculation of FFO. The IPA definition of FFO does not include that adjustment, but makes the…

April 4, 2023

Which five NAV REITs had the largest increases in their net asset values per share in February 2023?

Which five NAV REITs had the largest increases in their net asset values per share in February 2023? Answer: J.P. Morgan REIT (+6.37%), Cantor Fitzgerald Income Trust (+0.34%), Blackstone REIT (+0.34%), Starwood REIT (+0.31%) and Apollo Realty Income Solutions (+0.05%).

March 28, 2023

How many continuously offered nontraded REITs had annualized distribution yields above 5.00% as of February 2023?

How many continuously offered nontraded REITs had annualized distribution yields above 5.00% as of February 2023? Answer: Eight NAV REITs (continuously offered nontraded REITs) had annualized distribution yields greater than 5.00% in February 2023. They were led by FS Credit REIT (7.09%), InPoint Commercial Real Estate Income (6.41%), and Cantor Fitzgerald Income Trust (5.88%).