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Cantor Fitzgerald Income Trust, Inc.

CIK: 16662442 Annual ReportsLatest: 2025-03-31

10-K / March 31, 2025

Revenue:$95,500,000
Income:-$11,746,999

10-K / March 29, 2024

Revenue:$90,630,435
Income:-$11,348,539

10-K / March 31, 2025

Summary of what Cantor Fitzgerald Income Trust, Inc. Does

Business Overview

  • Type of Business: Commercial real estate investment trust (REIT)
  • Formation Date: Incorporated in Maryland on February 2, 2016
  • Name Changes: Formerly Rodin Global Access Property Trust, Inc. (2020 changed to Cantor Fitzgerald Income Trust, Inc.)
  • Management: Managed by Cantor Fitzgerald Income Advisors, LLC (a wholly owned subsidiary of CFI, the company's sponsor)
  • Operational Structure: Owns assets primarily through Cantor Fitzgerald Income Trust Operating Partnership, L.P.
  • Treasury Status: Has elected to be taxed as a REIT since taxable year ending December 31, 2017

Investment Focus

  • Initial Strategy (before July 2020): Focused on acquiring single-tenant net leased commercial properties in the United States, United Kingdom, and Europe.
  • Post September 2020: Transitioned to investing in a diversified portfolio including:
    • Income-producing commercial real estate properties
    • Multifamily residential properties
    • Debt secured by commercial real estate
    • Real estate-related securities
  • Target Asset Allocation:
    • At least 80% in properties and real estate-related debt
    • Up to 20% in real estate-related securities

Asset Portfolio (as of December 31, 2024)

  • Properties Owned:
    • Retail property in Grand Rapids, Michigan
    • Office properties in Fort Mill, South Carolina; Columbus, Ohio; Cupertino, California
    • Flex industrial property in Lewisville, TX
    • Industrial property in Phoenix, AZ
    • Multifamily properties in Irving, TX; Landover, MD; Carrolton, TX; Columbus, OH; Conroe, TX
    • Life sciences lab in Valencia, CA
    • Office tower in Nutley, NJ
    • Land in Greenfield, IN
  • Ownership Interests in Delaware Statutory Trusts:
    • CF Net Lease Portfolio IV DST (7 properties)
    • CF Station Multifamily DST
    • CF Keller Springs Multifamily DST
    • CF Summerfield Multifamily DST
    • CF Kacey Multifamily DST
    • CF Industry Multifamily DST
    • CF WAG Portfolio DST (8 properties)
    • CF Pearland Multifamily DST
    • CF WAG Portfolio DST
    • CF Palms Multifamily DST
    • CF West End Multifamily DST
    • CF Valencia DST (majority interest)
    • CF De Anza Property
  • Joint Venture:
    • 75% controlling interest in Battery Street SF JV (office property in San Francisco)
    • 96.46% controlling interest in Longmire multifamily property

Number of Shares Outstanding (as of March 25, 2025)

  • Class AX Shares: 3,467,219
  • Class IX Shares: 1,131,324
  • Class TX Shares: 6,117
  • Class T Shares: 5,932,496
  • Class D Shares: 565,022
  • Class S Shares: 5,379
  • Class I Shares: 5,932,496

Capital and Revenue

  • Net Proceeds from Offerings (as of March 25, 2025): Approximate total of $321.54 million
  • Number of Investors: Not explicitly stated; multiple classes and thousands of shares held.
  • Total Distributions Paid (by December 31, 2024): Over $95.3 million (noting some distributions funded from sources other than cash flow, like borrowings)
  • Employees: The company has no employees; management and operations are handled by the Advisor and affiliated entities.
  • Revenue & Income: Not explicitly provided; the company’s income is derived from lease income, property sales, and debt investments, with earnings reported in financial statements (F-1 and subsequent notes).

Note: This summary strictly reflects the detailed descriptions provided in the filing. Financial figures such as revenue and income are mentioned indirectly or in aggregate but are not explicitly quantified in the provided text.