Fortress Net Lease REIT
08/20/2025 | Press release | Distributed by Public on 08/20/2025 13:06
Material Event (Form 8-K)
Item 8.01 Other Events.
July 31, 2025 NAV Per Share
On August 14, 2025, Fortress Net Lease REIT (the "Company" or "we") the Company reported net asset value ("NAV") per share for each outstanding class of common shares of the Company as of July 31, 2025, which is set forth below:
|
NAV per Share |
||||
|
Class I |
$ |
10.2544 |
||
|
Class F-S |
$ |
10.2474 |
||
|
Class F-I |
$ |
10.3017 |
||
|
Class D-S |
$ |
10.4822 |
||
|
Class E |
$ |
10.5441 |
||
Net Asset Value
A detailed calculation of the NAV per share is set forth below. We calculate NAV per share in accordance with the valuation guidelines that have been approved by our board of trustees. Our total NAV presented in the following tables includes the NAV of our outstanding classes of common shares, which includes Class I, Class F-S, Class F-I, Class D-S and Class E common shares, as well as the partnership interests ("OP Units") of FNLR OP LP (the "Operating Partnership"), if any, held by parties other than the Company.
The following table provides a breakdown of the major components of our NAV as of July 31, 2025 (amounts in thousands):
|
Components of NAV |
Amount |
|||
|
Investments in real estate |
$ |
1,729,019 |
||
|
Intangible assets |
261,192 |
|||
|
Cash and cash equivalents |
10,954 |
|||
|
Restricted cash |
37,353 |
|||
|
Other assets |
20,092 |
|||
|
Revolving credit facility |
(537,000 |
) |
||
|
Term loan |
(225,604 |
) |
||
|
Subscriptions received in advance |
(34,571 |
) |
||
|
Distribution payable |
(7,016 |
) |
||
|
Due to affiliate |
(7,752 |
) |
||
|
Other liabilities |
(15,444 |
) |
||
|
Net Asset Value |
$ |
1,231,223 |
||
|
Number of outstanding shares/units |
118,877 |
|||
The following table provides a breakdown of our total NAV and NAV per share/unit by class as of July 31, 2025 (amounts in thousands, except per share unit data):
|
Net Asset Value |
Number of Outstanding Shares/Units |
NAV per Share/Unit as of July 31, 2025 |
||||||||||
|
Class I |
$ |
62,885 |
6,133 |
$ |
10.2544 |
|||||||
|
Class F-S |
122,786 |
11,982 |
$ |
10.2474 |
||||||||
|
Class F-I |
622,130 |
60,391 |
$ |
10.3017 |
||||||||
|
Class D-S |
391,912 |
37,388 |
$ |
10.4822 |
||||||||
|
Class E |
26,268 |
2,491 |
$ |
10.5441 |
||||||||
|
OP Units(1) |
5,242 |
492 |
$ |
10.6566 |
||||||||
|
Total |
$ |
1,231,223 |
118,877 |
|||||||||
(1)
Includes the Class A OP Units held by FNLR Management LLC (the "Adviser").
The following table provides a breakdown of the major components of our NAV as of June 30, 2025 (amounts in thousands):
|
Components of NAV |
Amount |
|||
|
Investments in real estate |
$ |
1,723,224 |
||
|
Intangible assets |
261,192 |
|||
|
Cash and cash equivalents |
5,509 |
|||
|
Restricted cash |
45,810 |
|||
|
Other assets |
18,182 |
|||
|
Revolving credit facility |
(622,000 |
) |
||
|
Term loan |
(180,897 |
) |
||
|
Subscriptions received in advance |
(41,689 |
) |
||
|
Distribution payable |
(6,770 |
) |
||
|
Due to affiliate |
(6,751 |
) |
||
|
Other liabilities |
(12,204 |
) |
||
|
Net Asset Value |
$ |
1,183,606 |
||
|
Number of outstanding shares/units |
114,518 |
|||
The following table provides a breakdown of our total NAV and NAV per share/unit by class as of June 30, 2025 (amounts in thousands, except per share/unit data):
|
Net Asset Value |
Number of Outstanding Shares/Units |
NAV per Share/Unit as of June 30, 2025 |
||||||||||
|
Class I |
$ |
56,359 |
5,506 |
$ |
10.2359 |
|||||||
|
Class F-S |
103,948 |
10,164 |
$ |
10.2272 |
||||||||
|
Class F-I |
602,921 |
58,645 |
$ |
10.2809 |
||||||||
|
Class D-S |
390,059 |
37,323 |
$ |
10.4508 |
||||||||
|
Class E |
26,062 |
2,479 |
$ |
10.5120 |
||||||||
|
OP Units(1) |
4,257 |
401 |
$ |
10.6233 |
||||||||
|
Total |
$ |
1,183,606 |
114,518 |
|||||||||
(1)
Includes the Class A OP Units held by FNLR Management LLC (the "Adviser").
Fortress Net Lease REIT published this content on August 20, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on August 20, 2025 at 19:07 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]