Ares Real Estate Income Trust Inc. filed a Current Report on Form 8-K on August 31, 2026, providing an update on its net asset value (NAV), portfolio assets, and valuation methodologies. The company reported that its Aggregate Fund NAV as of August 31, 2026, was $3.937946 billion, representing an increase of $28.222 million from the $3.909724 billion reported as of July 31, 2026.
The filing details the company’s portfolio composition as of the end of August. Investments in real estate properties totaled $9.0281 billion, with industrial properties accounting for the largest portion at $3.4551 billion. Residential properties were valued at $3.0409 billion, followed by retail at $1.2353 billion and office properties at $407.5 million. Other properties, including self-storage and data centers, were valued at $889.3 million.
In addition to real estate, the company reported investments in real estate debt and securities of $385.9 million, unconsolidated joint venture partnerships of $570.4 million, and DST Program Loans of $221.5 million. Total investments stood at $10.2059 billion, supported by cash and cash equivalents of $25.1 million and restricted cash of $8.9 million.
Ares reported that its leverage ratio was 34% as of August 31, 2026. The company also disclosed that through August 31, 2026, it had raised gross proceeds of approximately $145 million, including proceeds from a distribution reinvestment plan and the sale of DST Interests. The filing notes that the Aggregate Fund NAV per Fund Interest was $8.2769 for all classes as of August 31, 2026.
Regarding its valuation process, the company stated that with board approval, it has engaged Altus Group U.S. Inc. as its independent valuation advisor. Altus Group is tasked with providing monthly real property appraisals, reviewing annual third-party appraisals, and assisting in the development and review of valuation procedures. An exhibit to the filing includes a consent from Altus Group U.S. Inc. regarding the description of its role in the valuation process.
The company also authorized a monthly gross distribution of $0.03583 per share for August 2026, reflecting an increase from the $0.03450 per share rate established in July 2025. These distributions were paid to stockholders of record as of August 31, 2026.
