Ares Real Estate Income Trust Inc. filed a Current Report on Form 8-K dated October 31, 2026, disclosing the company's net asset value (NAV), portfolio composition, and an update regarding its independent valuation advisor.
The report details the transaction price for share classes, which is set equal to the NAV per share as of October 31, 2026. The company’s board of directors, including a majority of independent directors, has adopted valuation procedures and engaged Altus Group U.S. Inc. as the independent valuation advisor. Altus Group is responsible for providing monthly real property appraisals, reviewing annual third-party appraisals, and assisting in the development of valuation procedures.
As of October 31, 2026, the Aggregate Fund NAV was $3.95 billion. The company’s consolidated portfolio consists of 171 real estate properties totaling approximately 36 million square feet across 35 U.S. markets, with a 95% occupancy rate. The leverage ratio was reported at 35%.
The filing includes a detailed table of the Aggregate Fund NAV components, broken down by property type and investment category. As of October 31, 2026, investments in residential properties totaled $3.11 billion, industrial properties totaled $3.62 billion, and retail properties totaled $1.24 billion. The company also reported total investments of $10.51 billion and cash and cash equivalents of $49.3 million.
Regarding capital activity, the company raised gross proceeds of approximately $157 million through October 31, 2026, including proceeds from its distribution reinvestment plan and the sale of DST Interests. The aggregate dollar amount of common stock and OP Unit redemptions requested for October was $10 million, which were redeemed in full on November 1, 2026.
The company authorized a monthly gross distribution of $0.03583 per share for the month of October 2026, payable to stockholders of record as of October 30, 2026. Additionally, the filing updates the suitability standards for Class T-R, Class S-R, Class D-R, and Class I-R stockholders participating in the distribution reinvestment plan, specifically adjusting the requirements for Missouri investors to include a minimum net worth of $350,000 or a minimum annual gross income of $100,000 with a net worth of $100,000.
