Fidelity Core Real Estate Fund filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 29, 2026, to furnish a fact sheet regarding the company’s assets and performance as of August 31, 2026. The filing indicates that the information provided in the fact sheet is being furnished and shall not be deemed "filed" for purposes of the Exchange Act.
The fact sheet details the fund’s structure as a non-traded, private real estate investment trust (REIT) that offers eligible investors access to a diversified portfolio of moderately leveraged, income-producing properties. The fund seeks total returns through current income and capital appreciation.
As of August 31, 2026, the fund reported a Net Asset Value (NAV) of $11.57 per share. The portfolio consists of 15 assets with an aggregate gross portfolio value of $679.4 million. The portfolio occupancy rate is reported at 99%, with a loan-to-value (LTV) ratio of 30%. Property allocations include 29% in industrial assets, 22% in residential, 17% in retail, 11% in medical office, 10% in CMBS, and 7% in Charlotte, NC properties.
Performance data for the period since inception (dating back to February 1, 2023) shows an annualized net total return of 8.85%. The fund reported an annualized distribution rate of 7.55% for the second quarter of 2026. A pre-tax equivalent yield of 9.02% was also disclosed for 2025.
The fund’s management team includes Patrick McLaughlin, CFA, Head of Asset Management, Direct Real Estate, and Co-Portfolio Manager, and Ellen Hall, Head of Direct Real Estate and Portfolio Manager. The fund pays monthly distributions and offers a quarterly share repurchase plan up to 5% of aggregate NAV, subject to trustee approval and liquidity availability.
