C
Cantor Fitzgerald Income Trust, Inc.
CFTR-PACIK 0001666244NYSENon-AcceleratedSmaller ReportingReal Estate Investment TrustsMarylandFY ends Dec 31
Period
FY 2025
Revenue
$97.86M
Net Income
$-8.41M
Total Assets
$1.10B
Equity
$170.05M
Shares Out
11.11M
Op. Cash Flow
$27.35M
Business
Cantor Fitzgerald Income Trust, Inc. is a REIT that invests in and manages a diversified portfolio of income-producing commercial and multifamily real estate and related assets. It acquires direct property interests, joint venture holdings and interests in Delaware Statutory Trusts, and invests in real estate-related debt and securities. The company conducts activities through an operating partnership and is externally managed by an Advisor, a subsidiary of its sponsor, which provides asset and property-level services. It focuses primarily on properties in the United States and raises capital through registered public offerings and a distribution reinvestment plan.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Rental revenues | 79 | 73 | 71 | 58 | — | |
| Preferred return income | — | 811,069 | 980,258 | 967,092 | 953,926 | |
| Income from mezzanine loan investment | — | 865,154 | 1 | 1 | 1 | |
| Other property operating revenues | 18 | 21 | 18 | 13 | 4 | |
| Total revenues | 98 | 96 | 91 | 73 | 36 | |
| General and administrative expenses | 720,578 | 307,206 | 5 | 6 | — | |
| Depreciation and amortization | 36 | 35 | 35 | 33 | 16 | |
| Management fees | 6 | 6 | 7 | 6 | 3 | |
| Property operating expenses | 37 | 38 | 34 | 23 | 10 | |
| Total operating expenses | 79 | 79 | 81 | 67 | 30 | |
| Income/(loss) from investments in real estate-related assets | −26,149 | 136,667 | 149,976 | −475,390 | −95,813 | |
| Interest income | 918,664 | 1 | 1 | 183,934 | 10,511 | |
| Net gain from investment in debt securities, at fair value | — | 1 | 603,169 | — | — | |
| Unrealized gain from investment in infrastructure fund, at fair value | 472,565 | — | — | — | — | |
| Loss from sale of investments in real estate-related assets | — | −3 | — | — | — | |
| Loss on extinguishment of debt | −333,574 | −619,284 | — | — | — | |
| Impairment of investment in real estate | −5 | — | — | — | — | |
| Other income | 331,117 | 226,516 | — | — | — | |
| Interest expense | −29 | −27 | −23 | — | — | |
| Total other income (expense) | −32 | −28 | −21 | −17 | −9 | |
| Net income (loss) | −14 | −12 | −11 | −11 | −3 | |
| Net income (loss) attributable to non-controlling interest | −5 | −3 | −4 | −6 | −2 | |
| Net income (loss) attributable to common stockholders | −8 | −9 | −7 | −5 | −697,121 | |
| Weighted average shares outstanding, basic | 12 | 14 | 16 | 13 | 8 | |
| Weighted average shares outstanding,diluted | 12 | 14 | 16 | 13 | 8 | |
| Net income (loss) per common share - basic | −0.7 | −0.66 | −0.44 | −0.38 | −0.09 | |
| Net income (loss) per common share - diluted | −0.7 | −0.66 | −0.44 | −0.38 | −0.09 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Investment in real estate, net of accumulated depreciation of $113,357,139 and $88,012,426, respectively | 965 | 955 | 941 | 922 | 610 | |
| Cash and cash equivalents | 25 | 36 | 30 | 28 | 15 | |
| Restricted cash | 6 | 9 | 10 | 11 | 4 | |
| Investments in real estate-related assets | 5 | 6 | 30 | 31 | 31 | |
| Investment in real estate, held for sale | 6 | 0 | — | — | — | |
| Investment in infrastructure fund, at fair value | 9 | 0 | — | — | — | |
| Intangible assets, net of accumulated amortization of $53,593,211 and $44,199,666 respectively | 68 | 72 | 75 | 85 | 62 | |
| Operating lease right-of-use asset | 16 | 16 | 16 | 16 | 16 | |
| Derivative assets, at fair value | 6 | 8 | 8 | 9 | — | |
| Prepaid expenses and other assets | 13 | 11 | 12 | 10 | 6 | |
| Deferred rent receivable | 18 | 13 | 12 | 9 | 6 | |
| Total assets | 1,100 | 1,100 | 1,144 | 1,122 | 751 | |
| Loans payable, net of deferred financing costs of $5,156,704 and $5,001,576, respectively | 596 | 550 | 529 | 462 | 356 | |
| Intangible liabilities, net of accumulated amortization of $9,862,831 and $7,880,021, respectively | 15 | 17 | 19 | 21 | 9 | |
| Operating lease liability | 16 | 16 | 16 | 16 | 16 | |
| Distributions payable | 1 | 2 | 2 | 7 | 6 | |
| Restricted reserves | 13 | 12 | 11 | 8 | 4 | |
| Due to related parties | 17 | 13 | 6 | 6 | — | |
| Deferred revenue | 2 | 2 | 2 | 1 | 1 | |
| Accrued interest payable | 2 | 2 | 2 | 2 | 802,286 | |
| Accounts payable and accrued expenses | 4 | 2 | 5 | 3 | 149,792 | |
| Total liabilities | 667 | 616 | 592 | 527 | 397 | |
| Commitments and contingencies (Note 13) | 0 | 0 | 0 | 0 | — | |
| Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, and 0 issued and outstanding at each December 31, 2025 and December 31, 2024 | — | — | 0 | — | — | |
| Additional paid-in capital | 311 | 341 | 377 | 389 | 239 | |
| Retained earnings/accumulated deficit and cumulative distributions | −142 | −116 | −85 | −55 | −30 | |
| Accumulated other comprehensive income/(loss) | 474,811 | 748,843 | 755,642 | 902,026 | −15,771 | |
| Total controlling interest | 170 | 226 | 292 | 335 | 209 | |
| Non-controlling interests in subsidiaries | 300 | 283 | 259 | 260 | 145 | |
| Total stockholders' equity | 470 | 510 | 552 | 595 | 354 | |
| Total liabilities and stockholders' equity | 1,137 | 1,126 | 1,144 | 1,122 | 751 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 37 | 36 | 36 | 34 | 17 | |
| (Gain)/loss from investments in real estate-related assets | 26,149 | −136,667 | −149,976 | 475,390 | 95,813 | |
| (Realized gain) from sale of investment in debt securities | — | −2 | — | — | — | |
| Loss from sale of investments in real estate-related assets | — | 3 | — | — | — | |
| Amortization of above-market lease intangibles | 219,564 | 202,130 | 196,378 | 196,378 | 134,097 | |
| Amortization of below-market lease intangibles | −2 | −2 | −2 | −2 | −924,998 | |
| Unrealized (gain) from investment in infrastructure fund | −472,565 | — | — | — | — | |
| Unrealized loss from investment in debt securities | — | 454,123 | −454,124 | — | — | |
| Proceeds from investments in real estate-related assets | 359,536 | 412,947 | 481,772 | 360,466 | 412,801 | |
| (Decrease) in deferred rent receivable | −5 | −2 | −2 | −4 | −4 | |
| (Increase)/decrease in prepaid expenses and other assets | −2 | 1 | −2 | −4 | −5 | |
| Increase in due to related parties | 4 | 7 | −955 | −160,422 | −140,371 | |
| Increase in deferred revenue | 33,029 | 69,975 | 704,177 | −170,882 | 834,308 | |
| Increase in restricted reserves | 1 | 1 | 3 | 4 | 4 | |
| Increase/(decrease) in accounts payable and accrued expenses | 2 | −2 | −1 | 89,001 | −425,133 | |
| Increase/(decrease) in accrued interest payable | 43,910 | −64,085 | 282,766 | 847,179 | 529,086 | |
| Net cash provided by operating activities | 27 | 30 | 21 | 23 | 10 | |
| Acquisition of real estate | −713,664 | −4 | −3 | — | — | |
| Capital improvements to real estate | −2 | −3 | — | — | — | |
| Purchase of interest in infrastructure fund | −8 | — | −9 | — | — | |
| Proceeds from sale/repayment of investment in debt securities | — | 10 | — | — | — | |
| Proceeds from sale of investments in real estate-related assets | — | 21 | — | — | — | |
| Net cash (used in )/provided by investing activities | −11 | 25 | −11 | −113 | −128 | |
| Borrowings and paydowns under credit facility | 40 | −3 | 45 | −9 | 29 | |
| Proceeds from refinancing of mortgage loan | — | 34 | — | — | — | |
| Repayment of mortgage loan | −27 | −36 | — | — | — | |
| Proceeds from issuance of common stock, net | 4 | 10 | 43 | 153 | 78 | |
| Distributions | −13 | −15 | −22 | −18 | −7 | |
| Payments for redemptions of common stock | −40 | −60 | −59 | −9 | −7 | |
| Distributions to and redemption of non-controlling interests | −17 | −13 | — | — | — | |
| Non-controlling interest contribution | 75,000 | 100,000 | — | — | — | |
| Syndicated ownership interest | 25 | 35 | — | 3 | 17 | |
| Payment of deferred financing costs | −2 | −2 | −673,010 | −2 | −3 | |
| Net cash (used in) financing activities | −29 | −50 | −8 | 109 | 104 | |
| Net (decrease)/increase in cash and cash equivalents and restricted cash | −13 | 5 | 1 | 20 | −14 | |
| Cash paid for interest | 27 | 27 | 20 | 17 | 8 | |
| Distribution reinvestment | 5 | 6 | 7 | 6 | 4 | |
| Distributions payable | 1 | 2 | 2 | 948,895 | 649,294 | |
| Acquisition of real estate | −50 | −42 | — | — | — | |
| Assumption of loans payable in conjunction with acquisition of real estate | 33 | 27 | 23 | 116 | 247 | |
| Acquired non-controlling interests | −814,702 | −24 | 19 | 133 | 137 | |
| Issuance of OP Units for acquired real estate interests | 18 | 43 | — | — | — |
Filings
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