Fortress Net Lease REIT

07/22/2026 | Press release | Distributed by Public on 07/22/2026 13:43

Material Event (Form 8-K)

Item 8.01 Other Events.

June 30, 2026 NAV Per Share

On July 17, 2026, 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 June 30, 2026, which is set forth below:

NAV per Share

Class S

$

10.5031

Class I

$

10.5840

Class F-S

$

10.6370

Class F-I

$

10.7073

Class D-S

$

11.0473

Class E

$

11.1116

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 S, 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 June 30, 2026 (amounts in thousands):

Components of NAV

Amount

Investments in real estate

$

3,212,929

Intangible assets

561,697

Cash and cash equivalents

41,784

Restricted cash

74,570

Other assets

84,316

Revolving credit facility

(1,007,204

)

Term loan

(807,636

)

Subscriptions received in advance

(74,559

)

Distribution payable

(11,776

)

Due to affiliate

(23,195

)

Other liabilities

(23,632

)

Net Asset Value

$

2,027,294

Number of outstanding shares/units

188,851

The following table provides a breakdown of our total NAV and NAV per share/unit by class as of June 30, 2026 (amounts in thousands, except per share/unit data):

Net Asset Value

Number of Outstanding Shares/Units

NAV per Share/Unit as of June 30, 2026

Class S

$

179,509

17,091

$

10.5031

Class I

326,031

30,804

$

10.5840

Class F-S

277,793

26,116

$

10.6370

Class F-I

795,982

74,341

$

10.7073

Class D-S

410,611

37,168

$

11.0473

Class E

29,678

2,671

$

11.1116

OP Units(1)

7,690

660

$

11.6439

Total

$

2,027,294

188,851

(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 May 31, 2026 (amounts in thousands):

Components of NAV

Amount

Investments in real estate

$

3,250,202

Intangible assets

486,177

Cash and cash equivalents

15,395

Restricted cash

114,769

Other assets

95,327

Revolving credit facility

(1,094,664

)

Term loan

(777,521

)

Subscriptions received in advance

(114,757

)

Distribution payable

(11,107

)

Due to affiliate

(12,764

)

Other liabilities

(42,557

)

Net Asset Value

$

1,908,500

Number of outstanding shares/units

178,509

The following table provides a breakdown of our total NAV and NAV per share/unit by class as of May 31, 2026 (amounts in thousands, except per share/unit data):

Net Asset Value

Number of Outstanding Shares/Units

NAV per Share/Unit as of May 31, 2026

Class S

$

130,507

12,466

$

10.4688

Class I

272,975

25,893

$

10.5423

Class F-S

274,562

25,945

$

10.5823

Class F-I

779,367

73,163

$

10.6526

Class D-S

407,974

37,177

$

10.9739

Class E

28,541

2,585

$

11.0405

OP Units(1)

14,574

1,280

$

11.3880

Total

$

1,908,500

178,509

(1)
Includes the Class A OP Units held by FNLR Management LLC (the "Adviser") and FNLR SLP LLC (the "Special Limited Partner") .
Fortress Net Lease REIT published this content on July 22, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 22, 2026 at 19:43 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]