Ares Real Estate Income Trust Updates NAV to $8.2554; Reports Portfolio & Distributions

What Happened

• Ares Real Estate Income Trust filed an 8‑K (Aug 17, 2026) updating its net asset value (NAV) and portfolio metrics as of July 31, 2026. Aggregate Fund NAV was $3.9097 billion and NAV per Fund Interest was $8.2554 (up from $8.2229 on June 30, 2026). The September 1, 2026 transaction price for each share class will equal the NAV per share as of July 31, 2026.
• The company engaged Altus Group U.S. Inc. as its independent valuation advisor to provide monthly property valuations and assist with valuation procedures. A monthly gross distribution of $0.0345 per share was authorized and paid for July 2026 to holders of record on July 31, 2026.

Key Details

• Aggregate Fund NAV: $3.9097 billion; NAV per Fund Interest: $8.2554 (July 31, 2026).
• Portfolio: 165 consolidated properties (~34 million sq. ft.) across 34 U.S. markets, 95% leased.
• Leverage ratio: 32% (outstanding borrowings less cash divided by fair value of specified real estate and debt investments).
• Capital activity: Raised ~$102 million quarter‑to‑date through July 31, 2026 (including DRIP and DST Interest sales); July redemptions totaled $9 million (redeemed in full Aug 1, 2026).
• Selected balance items (approx.): total real estate investments $8.66B; total investments $9.81B; DST Program Loans ~$219.3M; cash ~$24.8M.

Why It Matters

• The NAV update determines the transaction price for share purchases on Sept 1, 2026 and gives investors a current valuation snapshot of the REIT’s assets, occupancy and leverage. Improvements in NAV per share reflect valuation changes across the portfolio and capital flows into the trust.
• Portfolio size (165 properties, 95% leased) and a 32% leverage ratio provide context on operating scale and balance‑sheet risk. Fundraising ($102M) vs. redemptions ($9M) indicates net capital inflows through July.
• Investors should note NAV is an estimate (based on valuation assumptions and third‑party appraisals) and is not a guarantee of sale proceeds or market trading price. The filing also discloses use of an independent valuation advisor (Altus Group) and standard forward‑looking statement cautions.