CNSREIT-AR-2024 Final - Flipbook - Page 98
The following table presents our monthly NAV per share for each applicable share class from December 31, 2023
through December 31, 2024:(1)
December 31, 2023
January 31, 2024
February 29, 2024
March 31, 2024
April 30, 2024
May 31, 2024
June 30, 2024
July 31, 2024
August 31, 2024
September 30, 2024
October 31, 2024
November 30, 2024
December 31, 2024
Class I Shares
Class F-I Shares (2)
Class P Shares
$
10.00 $
4 $
10.00
10.02
4
10.02
10.03
4
10.03
10.09
4
10.09
10.34
4
10.38
10.45
4
10.49
10.45
4
10.53
10.49
4
10.57
10.54
10.50
10.63
10.65
10.61
10.77
10.93
10.91
11.10
10.92
10.75
11.10
10.85
10.71
11.03
__________
(1)
During the period reported, no Class T shares, Class S shares, Class D shares, Class F-T shares, Class F-S shares
or Class F-D shares were issued and outstanding.
(2)
We issued Class F-I shares beginning on August 1, 2024, which at such time were based on the Class I NAV per
share as of June 30, 2024.
Net Asset Value
We calculate NAV per share in accordance with the valuation guidelines that have been approved by our Board. We
believe our NAV is a meaningful supplemental non-GAAP operating metric. The following table provides a breakdown of
the major components of our NAV as of December 31, 2024 ($ and shares in thousands):
Components of NAV
Investment in real estate
Investment in real estate-related securities
Cash and cash equivalents
Restricted cash
Acquisition and financing deposits
Other assets
Dividends payable
Other liabilities
Mortgage notes, net of deferred financing costs
Accrued performance participation allocation
Non-controlling interests in joint ventures
Net asset value
Number of outstanding shares of common stock
December 31, 2024
$
249,333
22,810
6,542
1,962
2,031
1,898
(557)
(3,919)
(133,765)
(7)
(5,009)
141,319
12,812
$
The following table provides a breakdown of our total NAV and NAV per share of common stock by class as of
December 31, 2024 ($ and shares in thousands, except per share data):
NAV Per Share
Net asset value
Number of outstanding shares
NAV Per Share as of December 31, 2024
Class I
$
$
Class F-I
661 $
240 $
61
22
10.85 $
10.71 $
81
Class P
140,418 $
12,729 $
11.03
Total
141,319
12,812
