Brookfield Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Oaktree Real Estate Income Trust, has declared a monthly net asset value per share for its shares of common stock for the month ended Feb. 29 and reported March 18, 2024.
Class S shares were valued at $11.35 as of Feb. 29 compared to $11.66 per share the month prior, a 2.66% decrease.
Class I shares were valued at $11.44 per share compared to $11.75 per share the month prior, a 2.64% decrease.
Class T shares were valued at $11.53 per share, compared to $11.75 per share the month prior, a 1.87% decrease.
Class D shares were valued at $11.44 per share, compared to $11.85 per share the month prior, a 3.46% decrease.
Shares were originally priced at $10.00 each, plus applicable upfront selling commissions and dealer manager fees.
The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities divided by the number of outstanding shares.
As of February 2024, Brookfield’s portfolio consisted of 73% real estate properties and 27% real estate-related loans and securities. The real estate-related loans and securities consisted of 76 investments with an aggregate fair value of approximately $245 million. Also, there were nearly 86.8 million shares outstanding at the end of February, compared to 87.8 million the previous month.
The company’s net asset value was $987.5 million as of Feb. 29 compared to $1.03 billion the month prior, a 4.13% decrease.
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