Ares Industrial Real Estate Income Trust Inc. filed a Current Report on Form 8-K dated September 30, 2026, to disclose its net asset value (NAV), portfolio composition, and operational metrics. The filing details the company's financial standing as of September 30, 2026, and confirms the engagement of Altus Group U.S. Inc. as its independent valuation advisor.
As of September 30, 2026, the company reported an Aggregate Fund NAV of $5.10 billion, a slight increase from the $5.10 billion reported as of August 31, 2026. The NAV per Fund Interest remained consistent across all share classes at $13.3993 for September 30, 2026, compared to $13.3703 in August. The filing notes that the transaction price for each share class on November 1, 2026, is equal to the NAV per share as of September 30, 2026.
The company’s portfolio consists of 270 industrial buildings totaling approximately 54 million square feet across 31 U.S. markets. The portfolio is 90% occupied (91% leased), with a weighted-average remaining lease term of approximately 3.5 years. The portfolio is divided into a stabilized operating portfolio of 268 buildings and a value-add portfolio of two buildings. The company also holds two buildings in the pre-construction phase.
Financial metrics include a leverage ratio of approximately 40% and a weighted-average interest rate on consolidated borrowings of 4.43%. During the quarter ended September 30, 2026, the company acquired eight industrial buildings for an aggregate contractual purchase price of $222 million. Additionally, it established a joint venture holding a 51% interest in a seed portfolio of 14 industrial buildings.
The company authorized a monthly gross distribution of $0.0550 per share for September 2026, paid to stockholders of record as of September 30, 2026. The filing also details the valuation methodologies used by Altus Group, which utilizes a weighted-average exit capitalization rate of 5.7% and a discount rate of 7.3%.
