Ares Real Estate Income Trust Files 8-K for FY2024

TL;DR

Ares REIT dropped its 2024 year-end financials on 8-K. Check it out.

AI Summary

Ares Real Estate Income Trust Inc. filed an 8-K report on January 16, 2025, detailing its financial statements and exhibits as of December 31, 2024. The filing includes information about the company's operations and financial position for the period ending on that date. The company was formerly known as Black Creek Diversified Property Fund Inc., Dividend Capital Diversified Property Fund Inc., and Dividend Capital Total Realty Trust Inc.

Why It Matters

This 8-K filing provides crucial financial data and disclosures for Ares Real Estate Income Trust Inc. as of year-end 2024, impacting investor understanding of the REIT's performance and holdings.

Risk Assessment

Risk Level: low — This filing is a routine financial disclosure and does not contain any new material events or significant risk factors.

Key Players & Entities

• Ares Real Estate Income Trust Inc. (company) — Registrant
• December 31, 2024 (date) — Reporting period end date
• January 16, 2025 (date) — Filing date
• Black Creek Diversified Property Fund Inc. (company) — Former company name
• Dividend Capital Diversified Property Fund Inc. (company) — Former company name
• Dividend Capital Total Realty Trust Inc. (company) — Former company name

FAQ

Key Financial Figures

• $69.9 million — er 31, 2024, we estimated approximately $69.9 million of ongoing distribution fees were poten
• $0.03333 — es of our common stock in the amount of $0.03333 per share for the month of December 202
• $196.0 million — senior loan with a commitment of up to $196.0 million. As of December 31, 2024, our leverage
• $244.3 m — raised gross proceeds of approximately $244.3 million, including proceeds from our dist
• $16.8 million — nd the sale of DST Interests (including $16.8 million of DST Interests financed by DST Progra
• $42.7 million — and January 1, 2025, respectively, was $42.7 million. Update on Real Properties As of De
• $542.3 million — aggregate contractual purchase price of $542.3 million. Dispositions. During the three months
• $27.8 million — y for an aggregate gross sales price of $27.8 million. Our accounting basis (net of accumulat
• $14.9 million — the disposition dates was approximately $14.9 million. Portfolio Overview . We currently gr

Filing Documents

• are-20241231x8k.htm (8-K) — 811KB
• are-20241231xex99d1.htm (EX-99.1) — 7KB
• 0001327978-25-000006.txt ( ) — 973KB
• are-20241231.xsd (EX-101.SCH) — 4KB
• are-20241231_def.xml (EX-101.DEF) — 3KB
• are-20241231_lab.xml (EX-101.LAB) — 16KB
• are-20241231_pre.xml (EX-101.PRE) — 10KB
• are-20241231x8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. Ares Real Estate Income Trust Inc. (referred to herein as the "Company," "we," "our," or "us") is filing this Current Report on Form 8-K in order to provide an update regarding our net asset value ("NAV"), our assets and portfolio. Most Recent Transaction Price and Net Asset Value Per Share February 1, 2025 Transaction Price The transaction price for each of our share classes is equal to such share class's NAV per share as of December 31, 2024. A calculation of the NAV per share is set forth below. December 31, 2024 NAV Per Share Our board of directors, including a majority of our independent directors, has adopted valuation procedures, as amended from time to time, that contain a comprehensive set of methodologies to be used in connection with the calculation of our NAV. Our most recent NAV per share for each share class, which is updated as of the last calendar day of each month, is posted on our website at areswmsresources.com/investment-solutions/AREIT and is also available on our toll-free, automated telephone line at (888) 310-9352. With the approval of our board of directors, including a majority of our independent directors, we have engaged Altus Group U.S. Inc., a third-party valuation firm, to serve as our independent valuation advisor ("Altus Group" or the "Independent Valuation Advisor") with respect to helping us administer the valuation and review process for the real properties in our portfolio, providing monthly real property appraisals and valuations for certain of our debt-related assets, reviewing annual third-party real property appraisals, reviewing the internal valuations of loans ("DST Program Loans") provided to certain investors in our program to raise capital in private placements exempt from registration pursuant to Rule 506(b) of Regulation D under the Securities Act of 1933, as amended, through the sale of beneficial interests ("DST Interests") in specific Delaware statutory trusts holding real properti

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes certain statements that are intended to be deemed "forward-looking statements" within the meaning of, and to be covered by the safe harbor provisions contained in, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or other similar words or terms and include, without limitation, statements regarding the estimates and assumptions used in the calculation of our NAV per Fund Interest. These statements are based on certain assumptions and analyses made in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Such statements are subject to a number of assumptions, risks and uncertainties that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Among the factors that may cause results to vary are the negative impact of increased inflation, changes in interest rates, the conflict between Russia and Ukraine, and/or the ongoing conflict in the Middle East on our financial condition and results of operations being more significant than expected, general economic and business (particularly real estate and capital market) conditions being less favorable than expected, the business opportunities that may be presented to and pursued by us, changes in laws or regulations (including changes to laws governing the taxation of real estate investment trusts ("REITs")), risk of acquisitions, availability and creditworthiness of prospect

View Full Filing

View this 8-K filing on SEC EDGAR