Oaktree Real Estate Income Trust Declares February 2021 Distributions
February 25, 2021 | James Sprow | Blue Vault
On February 25, 2021, Oaktree Real Estate Income Trust, Inc. declared distributions for each class of its common stock in the amount per share set forth below:
The net distributions for each class of common stock (which represents the gross distributions less stockholder servicing fees for the applicable class of common stock) are payable to stockholders of record immediately following the close of business on February 25, 2021 and will be paid on or about March 20, 2021. These distributions will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.
The gross distributions per share declared for February 2020 were $0.0341. The year-over-year increase is 23.2%. As of January 31, 2021, the NAV per share for Class I shares was $10.622. As of January 31, 2020, the NAV per share for Class I shares was $10.2204, representing an increase year-over-year of 3.93%. Based upon the January 31, 2021 NAV per share, the annualized distribution rate for Class I shares would be $0.504/$10.622 or approximately 4.74%. The following table shows the gross distributions for each of the trailing 12 months:
Source: SEC
