Sculptor Diversified Real Estate Income Trust Inc.
11/15/2024 | Press release | Distributed by Public on 11/15/2024 11:00
Material Event Form 8 K
Item 8.01. Other Events.
October 31, 2024 Net Asset Value ("NAV") per Share
On November 15, 2024, Sculptor Diversified Real Estate Income Trust, Inc. ("we" or "us") released the NAV per share for each share class of our common stock as of October 31, 2024, which amounts are as follows:
| NAV per Share | ||
|
Class E
|
$ | 11.0554 |
| Class F | $ | 10.9244 |
| Class FF | $ | 10.7995 |
| Class AA | $ | 10.8058 |
| Class A | $ | 10.7379 |
NAV Calculation
We calculate NAV per share in accordance with the valuation guidelines that have been approved by our board of directors. Our total NAV presented in the following tables includes the NAV of our Class E, Class F, Class FF, Class AA and Class A common shares, which were reduced by the noncontrolling interests in our consolidated subsidiaries.
The following table provides a breakdown of the major components of our NAV as of October 31, 2024 (amounts in thousands, except share/unit data):
|
Components of NAV
|
||
|
Investments in real estate, net (including goodwill)
|
$ | 561,000 |
| Investment in an unconsolidated joint venture | 1,800 | |
|
Cash and cash equivalents
|
28,588 | |
|
Restricted cash
|
10,406 | |
|
Receivables
|
849 | |
|
Other assets
|
3,230 | |
|
Mortgages, credit facility and financing obligations, net
|
(260,938) | |
|
Accounts payable and other liabilities
|
(12,221) | |
| Management fee payable | (230) | |
| Due to related parties | (113) | |
| Accrued performance participation allocation | (1,243) | |
| Noncontrolling interest in the consolidated subsidiaries | (63,409) | |
|
Net Asset Value
|
$ | 267,719 |
|
Number of outstanding shares/units
|
24,594,288 |
The following table provides a breakdown of our total NAV and NAV per share/unit by class as of October 31, 2024 (amounts in thousands, except share/unit and per share/unit data):
|
NAV per share
|
Class E Shares | Class F Shares | Class FF Shares | Class AA Shares | Class A Shares |
Operating Partnership Units(1)
|
Total | |||||||
|
NAV
|
$ | 2,681 | $ | 175,444 | $ | 67,683 | $ | 19,438 | $ | 793 | $ | 1,680 | $ | 267,719 |
|
Number of outstanding shares/units
|
242,517 | 16,059,865 | 6,267,299 | 1,798,841 | 73,834 | 151,932 | 24,594,288 | |||||||
|
NAV Per Share/Unit
|
$ | 11.0554 | $ | 10.9244 | $ | 10.7995 | $ | 10.8058 | $ | 10.7379 | $ | 11.0554 | $ | 10.8854 |
(1)Includes the partnership interests of Sculptor Diversified REIT Operating Partnership LP held by Sculptor Diversified REIT Special Limited Partner LP.