Results
Fortress Net Lease REIT
06/18/2025 | Press release | Distributed by Public on 06/18/2025 14:56
Material Event (Form 8-K)
Item 8.01 Other Events.
May 31, 2025 NAV Per Share
On June 13, 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 May 31, 2025, which is set forth below:
|
NAV per Share |
||||
|
Class I |
$ |
10.2370 |
||
|
Class F-S |
$ |
10.2263 |
||
|
Class F-I |
$ |
10.2768 |
||
|
Class D-S |
$ |
10.4377 |
||
|
Class E |
$ |
10.4982 |
||
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 May 31, 2025 (amounts in thousands):
|
Components of NAV |
Amount |
|||
|
Investments in real estate |
$ |
1,595,117 |
||
|
Intangible assets |
258,134 |
|||
|
Cash and cash equivalents |
6,155 |
|||
|
Restricted cash |
46,663 |
|||
|
Other assets |
18,870 |
|||
|
Revolving credit facility |
(525,500 |
) |
||
|
Term loan |
(180,881 |
) |
||
|
Subscriptions received in advance |
(35,383 |
) |
||
|
Distribution payable |
(6,542 |
) |
||
|
Due to affiliate |
(5,576 |
) |
||
|
Other liabilities |
(26,852 |
) |
||
|
Net Asset Value |
$ |
1,144,205 |
||
|
Number of outstanding shares/units |
110,754 |
|||
The following table provides a breakdown of our total NAV and NAV per share/unit by class as of May 31, 2025 (amounts in thousands, except per share unit data):
|
Monthly NAV |
Number of Outstanding Shares/Units |
NAV per Share/Unit as of May 31, 2025 |
||||||||||
|
Class I |
$ |
45,721 |
4,466 |
$ |
10.2370 |
|||||||
|
Class F-S |
91,209 |
8,919 |
$ |
10.2263 |
||||||||
|
Class F-I |
589,596 |
57,372 |
$ |
10.2768 |
||||||||
|
Class D-S |
388,890 |
37,258 |
$ |
10.4377 |
||||||||
|
Class E |
25,504 |
2,429 |
$ |
10.4982 |
||||||||
|
OP Units(1) |
3,285 |
310 |
$ |
10.6088 |
||||||||
|
Total |
$ |
1,144,205 |
110,754 |
|||||||||
(1)
Includes the Class A OP Units held by FNLR SLP LLC (the "Special Limited Partner") and FNLR Management LLC (the "Adviser")
The following table provides a breakdown of the major components of our NAV as of April 30, 2025 (amounts in thousands):
|
Components of NAV |
Amount |
|||
|
Investments in real estate |
$ |
1,583,504 |
||
|
Intangible assets |
243,678 |
|||
|
Cash and cash equivalents |
7,792 |
|||
|
Restricted cash |
72,432 |
|||
|
Other assets |
18,743 |
|||
|
Revolving credit facility and term loan |
(751,319 |
) |
||
|
Subscriptions received in advance |
(66,223 |
) |
||
|
Distribution payable |
(5,912 |
) |
||
|
Due to affiliate |
(4,981 |
) |
||
|
Other liabilities |
(24,803 |
) |
||
|
Net Asset Value |
$ |
1,072,911 |
||
|
Number of outstanding shares/units |
104,200 |
|||
The following table provides a breakdown of our total NAV and NAV per share/unit by class as of April 30, 2025 (amounts in thousands, except per share/unit data):
|
Monthly NAV |
Number of Outstanding Shares/Units |
NAV per Share/Unit as of April 30, 2025 |
||||||||||
|
Class I |
$ |
32,576 |
3,189 |
$ |
10.2152 |
|||||||
|
Class F-S |
82,539 |
8,094 |
$ |
10.1980 |
||||||||
|
Class F-I |
565,673 |
55,205 |
$ |
10.2467 |
||||||||
|
Class D-S |
386,663 |
37,196 |
$ |
10.3953 |
||||||||
|
Class E |
3,081 |
291 |
$ |
10.5982 |
||||||||
|
OP Units(1) |
2,379 |
225 |
$ |
10.5643 |
||||||||
|
Total |
$ |
1,072,911 |
104,200 |
|||||||||
(1)
Includes the Class A OP Units held by FNLR SLP LLC (the "Special Limited Partner") and FNLR Management LLC (the "Adviser")
Fortress Net Lease REIT published this content on June 18, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on June 18, 2025 at 20:57 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]