ExchangeRight’s Essential Income REIT NAV Increases Again

ExchangeRight, a Pasadena-based provider of diversified real estate DST and REIT investments, announced that the Net Asset Value (NAV) of its Essential Income REIT has increased once more to $27.26 per share.

The REIT portfolio, a Maryland statutory trust, consists of 353 properties net leased to 36 predominantly investment-grade tenants operating in the necessity-based retail and healthcare industries across 34 states.

The Essential Income REIT’s monthly distributions to investors have remained stable and consistent since its 2019 launch, the firm noted. The REIT’s adjusted funds from operations continue to fully cover its current annualized net distribution of 6.38% for Class I shares and 6.00% for Class A shares, and targets 6.00% monthly tax-efficient income with a 10% total annual internal rate of return for its Class ER shares.

“This favorable valuation is further evidence of the strength and economic resilience of our REIT, which we credit largely to the enhanced diversification and risk mitigation created by aggregating together high-quality assets with historically recession-resilient tenants that successfully operate in necessity-based industries,” said Joshua Ungerecht, a managing partner at ExchangeRight.