RREEF Property Trust (RREEF) Q4 2025 earnings summary

Executive summary

• Portfolio comprised 9 properties across office, industrial, retail, and residential sectors, totaling 1.57 million rentable square feet and 97.8% leased as of December 31, 2025.

• No new property acquisitions in 2025; three property dispositions completed, generating significant realized gains.

• Real estate equity securities portfolio consisted of publicly traded REIT shares valued at $123,000 as of year-end.

• Company operates as a perpetual-life, non-traded REIT, raising capital through ongoing public and private offerings.

Financial highlights

• Total revenues for 2025 were $40.2 million, up from $38.9 million in 2024.

• Net income for 2025 was $20.5 million, a significant improvement from a net loss of $71,000 in 2024.

• Funds from Operations (FFO) for 2025 were $9.9 million; Adjusted FFO (AFFO) was $9.4 million.

• Distributions declared in 2025 totaled $15.4 million, with 58% covered by operating cash flow and 42% by borrowings.

• NAV per share as of December 31, 2025 ranged from $12.92 to $13.11 across share classes.

Outlook and guidance

• U.S. real estate market outlook is positive, with moderate economic growth, stable interest rates, and limited new supply expected to support healthy rent and value gains.

• Company expects to continue raising capital, increasing borrowings, and making future investments in targeted segments.