PERFORMANCE
PERFORMANCE & PORTFOLIO
Portfolio Composition


CF Income Trust's diversified investment strategy enables the company to selectively access attractive opportunities across commercial real estate property types while positioning for long-term value creation.



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31

INVESTMENTS

$1.15 Billion

TOTAL ASSETS CONTROLLED1

$885 Million

TOTAL ASSETS OWNED2

7.7 Million

SQUARE FEET3
As of August 31, 2023
1 Represents gross assets controlled by CF income Trust as reported in the Supplement No. 3 dated September 19, 2023 and not adjusted for CF Income Trust’s current ownership percentage of any asset.
2 Calculated as the total of all assets’ fair value used in determining our NAV.
3 Total square footage is not adjusted for CF Income Trust’s current ownership percentage.

DIVERSIFIED ACROSS PROPERTY
TYPES WITH A STRONG TENANT PROFILE4

Property
Type

  • Single Tenant Office
  • Multifamily
  • Industrial
  • Necessity Retail
  • Life Sciences

Investment
Type

  • Common Equity
  • Mezzanine Loan
  • Preferred Equity
  • Real Estate-Related Security
4 Unless otherwise noted, calculated based on each asset’s fair value used in determining our NAV as of August 31, 2023.




Geographic Breakdown

Years
Lease Duration (excluding Multifamily Assets)6





5 Calculated using principal balances as of August 31, 2023. Adjusted for CF Income Trust’s current ownership percentage of the underlying positions.
6 Based on each asset’s fair value used in determining our NAV excluding multifamily, mezzanine and preferred equity investments.




NAV (Not for Use in Ohio)
SHARE CLASS NAV PER SHARE
Class I $24.55
Class D $24.54
Class S $24.53
Class T $24.53
Class IX $24.55
Class AX $24.55
Class TX $24.50
Current NAV as of August 31, 2023
Distributions
SHARE CLASS ANNUALIZED NET DISTRIBUTIONS7
Class I 6.31%
Class D 6.07%
Class S 5.47%
Class T 5.47%
Class IX 6.31%
Class AX 6.31%
Class TX 5.33%
Total Return Performance Summary8
SHARE CLASS RETURNS MONTHLY YEAR TO DATE (YTD) 3 YEARS ANNUALIZED INCEPTION TO DATE (ITD)9
Class I 0.29% -4.68% 7.47% 7.59%
Class D 0.23% -4.88% 7.19% 7.24%
Class S (no sales load) 0.18% -5.23% 6.54% 6.57%
Class S (with sales load) -3.21% -8.43% 5.32% 5.32%
Class T (no sales load) 0.18% -5.23% 6.57% 6.69%
Class T (with sales load) -3.21% -8.43% 5.35% 5.51%
Class IX 0.29% -4.68% 7.47% 6.30%
Class AX -4.72% -9.45% 5.64% 5.42%
Class TX -1.80% -7.33% 5.65% 4.87%
“With Sales Load” assumes payment of the full upfront sales charge at the initial subscription.
Past performance is historical and not a guarantee of future results.
Monthly Total Returns by Share Class
Class I JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2023 -1.22% 0.79% -2.15% -0.48% -0.27% 0.23% -1.94% 0.29%
2022 1.17% 0.58% 2.05% 0.75% 0.73% 0.90% -0.07% 1.48% 1.57% 0.41% 0.58% 0.01%
2021 0.72% 0.83% 1.26% 0.94% 0.58% 0.44% 1.78% 1.15% 1.00% 0.65% 2.77% 1.62%
2020 0.98% 0.45% 1.02% 0.99% 0.21%
Class D JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2023 -1.28% 0.77% -2.13% -0.54% -0.29% 0.21% -1.92% 0.23%
2022 1.19% 0.52% 2.03% 0.73% 0.74% 0.84% -0.09% 1.50% 1.51% 0.39% 0.56% 0.02%
2021 0.66% 0.85% 1.19% 0.92% 0.56% 0.42% 1.76% 1.17% 0.94% 0.67% 2.70% 1.60%
2020 0.97% 0.19%
Class S JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2023 -1.30% 0.73% -2.22% -0.55% -0.34% 0.16% -1.97% 0.18%
2022 1.14% 0.47% 1.98% 0.68% 0.66% 0.83% -0.14% 1.41% 1.50% 0.34% 0.52% -0.07%
2021 0.60% 0.77% 1.19% 0.87% 0.51% 0.37% 1.71% 1.12% 0.89% 0.58% 2.70% 1.55%
2020 0.93% 0.18%
Class T JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2023 -1.30% 0.73% -2.22% -0.55% -0.34% 0.16% -1.97% 0.18%
2022 1.14% 0.47% 1.98% 0.68% 0.66% 0.83% -0.14% 1.41% 1.50% 0.34% 0.52% -0.07%
2021 0.60% 0.77% 1.19% 0.87% 0.51% 0.37% 1.71% 1.12% 0.89% 0.58% 2.70% 1.55%
2020 0.91% 0.30% 0.95% 0.93% 0.18%
Class IX JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2023 -1.22% 0.79% -2.15% -0.48% -0.27% 0.23% -1.94% 0.29%
2022 1.17% 0.58% 2.05% 0.75% 0.73% 0.90% -0.07% 1.48% 1.57% 0.42% 0.58% 0.00%
2021 0.72% 0.83% 1.26% 0.94% 0.58% 0.44% 1.78% 1.15% 1.00% 0.65% 2.77% 1.62%
2020 0.53% 0.49% -4.93% 0.54% 0.56% 0.50% 0.26% 0.98% 0.45% 1.02% 0.99% 0.21%
2019 0.52% 0.47% 0.60% 0.50% 0.52% -0.52% 0.53% 0.53% 0.59% 0.53% 0.51% 0.81%
2018 0.53% 0.48% 0.53% 0.51% 0.53% 1.67% 0.52% 0.52% -0.25% 0.53% 0.51% 1.36%
2017 0.54% 0.54% 1.53% 0.53% 0.51% 0.77%
Class AX JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2023 -1.22% 0.79% -2.15% -0.48% -0.27% 0.23% -1.94% 0.29%
2022 1.17% 0.58% 2.05% 0.75% 0.73% 0.90% -0.07% 1.48% 1.57% 0.42% 0.58% 0.00%
2021 0.72% 0.83% 1.26% 0.94% 0.58% 0.44% 1.78% 1.15% 1.00% 0.65% 2.77% 1.62%
2020 0.53% 0.49% -4.93% 0.54% 0.56% 0.50% 0.26% 0.98% 0.45% 1.02% 0.99% 0.21%
2019 0.52% 0.47% 0.60% 0.50% 0.52% -0.52% 0.53% 0.53% 0.59% 0.53% 0.51% 0.81%
2018 0.53% 0.48% 0.53% 0.51% 0.53% 1.67% 0.52% 0.52% -0.25% 0.53% 0.51% 0.77%
2017 0.54% 0.54% 1.53% 0.53% 0.51% 0.77%
Class TX JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2023 -1.31% 0.72% -2.27% -0.56% -0.35% 0.14% -2.10% 0.21%
2022 1.09% 0.50% 1.97% 0.67% 0.64% 0.82% -0.15% 1.40% 1.49% 0.33% 0.50% -0.08%
2021 0.63% 0.76% 1.17% 0.86% 0.50% 0.36% 1.69% 1.06% 0.92% 0.57% 2.68% 1.53%
2020 0.44% 0.41% -5.02% 0.46% 0.47% 0.41% 0.18% 0.89% 0.37% 0.93% 0.91% 0.13%
2019 0.44% 0.40% 0.52% 0.42% 0.44% -0.61% 0.44% 0.44% 0.51% 0.44% 0.43% 0.72%
2018 0.44% 0.40% 0.44% 0.43% 0.44% 1.63% 0.44% 0.44% -0.37% 0.44% 0.43% 1.28%
2017 0.45% 0.45% 1.45% 0.44% 0.43% 0.61%

1 Represents gross assets controlled by CF income Trust as reported in the Supplement No. 3 dated September 19, 2023 and not adjusted for CF Income Trust’s current ownership percentage of any asset.

2 Calculated as the total of all assets’ fair value used in determining our NAV.

3 Total square footage is not adjusted for Cantor Fitzgerald Income Trust, Inc. (“CF Income Trust’s”) current ownership percentage.

4 Unless otherwise noted, calculated based on each asset’s fair value used in determining our NAV as of August, 31 2023.

5 Calculated using principal balances as of June 30 2023. Adjusted for CF Income Trust’s current ownership percentage of the underlying positions.

6 Based on each asset’s fair value used in determining our NAV excluding multifamily, mezzanine and preferred equity investments.

7 Annualized net distribution is based off the most recent declared distribution and assumes the daily rate derived from the most recently declared distribution per share per month is maintained for one year, less any applicable distribution fees. With respect to each share class, the rate shown is the annualized amount divided by the most recent available monthly net asset value. There is no guarantee of distributions. In the period from March 31, 2022 through June 30, 2023, 39% of distributions were funded from cash flows from operations.

8 Returns shown reflect the percent change in the NAV per share from the beginning of the applicable period to the NAV as of August 31 2023, plus the amount of any distribution per share declared in such period. All returns shown assume reinvestment of distributions pursuant to CF Income Trust’s distribution reinvestment plan, are derived from unaudited financial information and are net of all CF Income Trust’s expenses, including general and administrative expenses, transaction related expenses, management fees, any performance participation allocation, and share class specific fees, but exclude the impact of early repurchase deductions on the repurchase. Past performance is historical and not a guarantee of future results. Classes of shares listed as (With Sales Load) reflect the returns after the maximum up-front selling commission and dealer manager fees. Classes of shares listed as (No Sales Load) exclude up-front selling commissions and dealer manager fees. The returns have been prepared using unaudited data and valuations of the underlying investments in CF Income Trust’s portfolio, which are estimates of fair value and form the basis for CF Income Trust’s NAV. Valuations based upon unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value and may not accurately reflect the price at which assets could be liquidated. For more information on fees and expenses, please visit cfincometrust.com.

9 Annualized inception to date (“ITD”) returns are annualized using the Company’s NAV as of June 30, 2017 to August 31, 2023 with respect to the Class IX, Class AX and Class TX shares and using the Company’s NAV as of July 31, 2020 to August 31, 2023 with respect to Class I and Class T shares, and using the Company’s NAV as of September 30, 2020 to August 31, 2023 with respect to Class D and Class S shares.

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