Sculptor Diversified Real Estate Income Trust, Inc. 8-K

What Happened

• Sculptor Diversified Real Estate Income Trust, Inc. filed an 8-K on Feb 5, 2026 disclosing two recent share issuances and a January 2026 distribution declaration. On Feb 2, 2026 the company issued 3,364,353 shares based on NAV as of Dec 31, 2025, raising $39,311,860 in gross proceeds. Separately, on Jan 12, 2026 the company issued 51,526 shares under its distribution reinvestment plans (DRIP) based on NAV as of Nov 30, 2025, totaling $564,559.

Key Details

• Feb 2, 2026 issuance by class: Class E 3,000,411 shares for $35,198,420; Class A 58,803 for $653,690; Class AA 296,108 for $3,359,750; Class I‑S 9,031 for $100,000. Total = 3,364,353 shares / $39,311,860.
  • Includes 16,755 Class E shares ($196,553) issued to Sculptor Advisors LLC as payment for accrued management fees.
  • Class AA sales load fees included $34,750.
• Jan 12, 2026 DRIP issuances: 51,526 shares / $564,559 (includes 112 restricted Class E shares $1,269 for independent director compensation).
• Distribution declared Jan 31, 2026: gross distribution $0.0668 per share for all classes; net distributions are $0.0668 for most classes and $0.0620 for Classes FF and AA after a $0.0048 distribution fee. Record date = Jan 31, 2026; payable on/about Feb 12, 2026 in cash or via DRIP.
• The share offerings were exempt from registration under Section 4(a)(2), Regulation D and/or Regulation S.

Why It Matters

• The company raised about $39.3 million via NAV-based share issuances, which increases invested capital and may be used for real estate investments, working capital, or fee payments (including a fee payment to Sculptor Advisors). For shareholders, the DRIP activity shows continued use of reinvestment to grow capital, while the declared January distribution confirms a regular cash/DRIP payout of $0.0668 per share (slightly reduced to $0.0620 for classes with distribution fees). These are operational items (share issuance and routine distribution) rather than changes to strategy or management, but they affect share counts and cash flow available to investors.