STELZL ROBERT L 4

What Happened
Robert L. Stelzl, a director of Brookfield Real Estate Income Trust Inc., was granted 6,355.275 unvested restricted shares on April 1, 2026 at an reported price of $10.36 per share, a total grant value of approximately $65,866. The transaction is coded as an award/grant (A) and represents director compensation for the year ending December 31, 2026.

Key Details

• Transaction date: April 1, 2026; filing date: April 2, 2026 (timely Form 4 filing).
• Shares granted: 6,355.275 restricted shares at $10.36 each; total value ≈ $65,866.
• Transaction type/code: A = Award/Grant (unvested restricted shares).
• Shares owned after transaction: not disclosed in this filing.
• Footnote F1: These are unvested restricted shares granted as director compensation for the year ending 12/31/2026.
• Footnote F2: Reported holdings include shares acquired through the issuer’s distribution reinvestment plan.

Context
This was a compensation grant to a board member (not an open-market purchase or sale). Such awards are routine director pay and reflect compensation policy rather than an immediate market signal of the director’s investment view. Unvested shares typically vest over time and may be subject to forfeiture if service requirements aren’t met.