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Cantor Fitzgerald Income Trust Inc.

10/16/2025 | Press release | Distributed by Public on 10/16/2025 15:01

Supplemental Prospectus (Form 424B3)

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-273828

CANTOR FITZGERALD INCOME TRUST, INC.

SUPPLEMENT NO. 6 DATED OCTOBER 16, 2025

TO THE PROSPECTUS DATED APRIL 21, 2025

This Supplement No. 6 supplements, and should be read in conjunction with our prospectus dated April 21, 2025, Supplement No. 1 dated May 16, 2025, Supplement No. 2 dated June 20, 2025, Supplement No. 3 dated July 17, 2025, Supplement No. 4 dated August 18, 2025, and Supplement No. 5 dated September 17, 2025. Defined terms used in this Supplement No. 6 shall have the meaning given to them in the prospectus unless the context otherwise requires. The purposes of this Supplement are as follows:

•
to disclose the transaction price for each class of our common stock as of November 1, 2025;
•
to disclose the calculation of our September 30, 2025 net asset value ("NAV") per share, as determined in accordance with our valuation procedures, for each of our share and unit classes;
•
to update our portfolio disclosure.

November 1, 2025 Transaction Price

The transaction price for each share class of our common stock for subscriptions accepted as of November 1, 2025 (and repurchases as of October 31, 2025) is as follows:

Transaction Price

(per share)

Class S

$

19.72

Class I

$

19.73

Class T

$

19.72

Class D

$

19.73

A detailed calculation of the NAV per share is set forth below. The purchase price of our common stock for each share class equals the transaction price of such class, plus applicable upfront selling commissions and dealer manager fees. Subject to certain specific limitations and holding period requirements defined in our share repurchase program, the repurchase price for each share class will be based upon the transaction price of such class.

September 30, 2025 NAV per Share

We calculate NAV per share in accordance with the valuation guidelines that have been approved by our board of directors. Our NAV per share, which is updated as of the last calendar day of each month, is posted on our website at www.cfincometrust.com and is made available on our toll-free, automated telephone line at 855-9-CANTOR. Please refer to "Net Asset Value Calculation and Valuation Guidelines" in the prospectus for how our NAV is determined. We have engaged Robert A. Stanger & Co., Inc. to serve as our independent valuation firm ("Independent Valuation Firm"). Our advisor is ultimately responsible for determining our NAV.

The following table provides a breakdown of the major components of our NAV pursuant to our valuation guidelines:

Components of NAV

September 30, 2025

August 31, 2025

Investment in real estate

$1,084,700,000

$1,085,950,000

Investments in real estate-related assets

9,450,420

9,426,504

Investment in Infrastructure Fund, at Fair Value

8,549,436

8,207,649

Cash and cash equivalents

35,922,572

40,637,433

Other assets

12,748,555

13,012,140

Debt obligations (at fair market value)

(573,135,982)

(575,147,325)

Due to related parties(1)

(16,880,292)

(18,995,685)

Accounts payable and other liabilities

(19,285,994)

(21,005,327)

Accrued performance participation allocation

-

-

Distribution fee payable the following month(2)

(24,243)

(25,323)

Non-controlling interests in subsidiaries

(252,655,777)

(250,173,737)

Sponsor Support repayment / special unit holder interest in
liquidation

-

-

Net Asset Value

$289,388,695

$291,886,329

Number of outstanding shares and OP units(3)

14,665,114

14,769,366

(1) Distribution fee only relates to Class TX, Class T, Class S and Class D shares of common stock and Class T OP Units.

(2) The distribution fee that is payable as of September 30, 2025 related to Class TX, Class T, Class S and Class D shares of common stock and Class T OP Units is shown in the table below.

(3) Includes (i) Class AX, Class TX, Class IX, Class T, Class D, Class I, and Class S shares of common stock; (ii) Class I OP Units issued in connection with the exercise of fair market value options for CF WAG Portfolio; (iii) Class T and Class I OP Units issued in connection with the exercise of fair market value options for CF Summerfield and CF WAG MH Portfolio; and (iv) Class I OP Units issued in exchange for tendered interests in CF WAG Portfolio DST 10.

Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

The following table provides a breakdown of our total NAV and NAV per share/OP unit by class as of September 30, 2025.

NAV Per Share

AX, IX and I Common

TX Common

T Common

D Common

S Common

I OP Units

T OP Units

Total

Total Gross Assets at Fair Value

$767,471,783

$380,857

$104,274,460

$40,654,660

$425,058

$194,014,906

$4,149,259

$1,151,370,983

Distribution fees due and payable

-

(79)

(18,642)

(2,126)

(75)

-

(3,321)

(24,243)

Debt obligations (at fair market value)

(382,036,461)

(189,585)

(51,906,332)

(20,237,307)

(211,588)

(96,577,841)

(21,976,868)

(573,135,982)

Due to related parties

(11,251,931)

(5,584)

(1,528,772)

(596,039)

(6,232)

(2,844,460)

(647,274)

(16,880,292)

Accounts payable and other liabilities

(12,855,502)

(6,380)

(1,746,646)

(680,985)

(7,120)

(3,249,840)

(739,521)

(19,285,994)

Accrued performance participation allocation

-

-

-

-

-

-

-

-

Non-controlling interests in subsidiaries

(168,413,295)

(83,575)

(22,881,890)

(8,921,221)

(93,274)

(42,574,450)

(9,688,072)

(252,655,777)

Monthly NAV

$192,914,594

$95,654

$26,192,178

$10,216,982

$106,769

$48,768,315

$11,094,203

$289,388,695

Number of outstanding shares/units

9,775,356

4,851

1,328,153

517,822

5,414

2,471,185

562,333

14,665,114

NAV per share/unit

$19.73

$19.72

$19.72

$19.73

$19.72

$19.73

$19.73

The following table reconciles stockholders' equity per our unaudited consolidated balance sheet to our NAV:

Reconciliation of Stockholders' Equity to NAV

September 30, 2025

Stockholders' equity under U.S. GAAP

$ 476,439,421

Adjustments:

Unrealized depreciation of real estate

(92,221,663)

Unrealized appreciation of real estate-related assets

4,089,371

Unrealized appreciation of infrastructure fund

26,356

Organization and offering costs

-

Acquisition costs

(8,780,913)

Deferred financing costs, net

(5,432,209)

Accrued distribution fee(1)

(79)

Accumulated depreciation and amortization

149,871,244

Fair value adjustment of debt obligations

38,537,753

Deferred rent receivable

(14,583,281)

Derivative assets, at fair value

(5,901,528)

Non-controlling interests in subsidiaries

(252,655,777)

NAV

$ 289,388,695

Note: (1) Accrued distribution fee only relates to Class TX, Class T, Class S and Class D shares of common stock and Class T OP Units.

The valuations of our real properties as of September 30, 2025 were provided by the Independent Valuation Advisor or third-party appraisal firms in accordance with our valuation procedures. Certain key assumptions that were used by the Independent Valuation Advisor or third-party appraisal firms in the discounted cash flow analysis are set forth in the following table based on weighted-averages by property type at ownership interest.

Single Tenant Office

Single Tenant Industrial

Multifamily

Single Tenant Life Sciences

Weighted-Average Basis

Exit Capitalization Rate

6.6%

6.3%

5.6%

6.0%

6.1%

Residual Discount Rate

7.6%

7.2%

7.0%

6.8%

7.3%

Average Holding Period (Yrs)

9.2

10.0

10.0

12.0

9.7

A change in the exit capitalization and discount rates used would impact the calculation of the value of our real property. For example, assuming all other factors remain constant, the changes listed below would result in the following effects on the value of our real properties.

Hypothetical Change

Single Tenant Office

Single Tenant Industrial

Multifamily

Single Tenant Life Sciences

Weighted-Average Values

Exit Capitalization Rate

0.25% Increase

-2.4%

-2.5%

-2.6%

-2.1%

-2.5%

0.25% Decrease

2.6%

2.7%

2.8%

2.3%

2.7%

Discount Rates

0.25% Increase

-1.7%

-1.8%

-1.9%

-2.0%

-1.8%

0.25% Decrease

1.7%

1.9%

1.9%

2.1%

1.8%

September 30, 2025 Portfolio

As of September 30, 2025, lease expirations related to our net lease portfolio of real estate assets (excluding the SF Property), based on each asset's fair value used in determining our NAV, were as follows:

•2025 - 0.0%

•2026 - 0.0%

•2027 - 14.9%

•2028 - 12.4%

•2029 - 0.0%

•2030 - 0.0%

•2031 - 23.0%

•2032 - 18.2%

•2033 - 0.0%

•2034 - 0.0%

•After 2035 - 31.4%

As of September 30, 2025, the industry concentration of our portfolio of real estate assets, based on each asset's fair value used in determining our NAV, was as follows:

•Multifamily - 32.8%

•Single Tenant Office - 25.6%

•Single Tenant Industrial - 21.7%

•Single Tenant Necessity Retail - 17.0%

•Single Tenant Life Sciences - 1.4%

•Data Center- 1.5%

As of September 30, 2025, the geographic concentration of our portfolio of real estate assets, based on each asset's fair value used in determining our NAV, was as follows:

•Ohio - 24.0%

•Maryland - 20.2%

•Texas - 18.8%

•California - 12.4%

•Wisconsin- 6.9%

•South Carolina -5.3%

•Arizona - 4.9%

•Other - 7.5%

As of September 30, 2025, the investment type concentration of our portfolio of real estate assets, based on each asset's fair value used in determining our NAV, was as follows:

•Common Equity - 100.0%

As of September 30, 2025, the maturity concentration of debt secured by our portfolio of real estate assets (including our credit facility, which makes up the majority of debt maturing in 2028, and has two one-year extension options), based on principal balances and adjusted for ownership percentage, was as follows:

•2025 - 0.0%

•2026 - 0.0%

•2027 - 0.0%

•2028 - 41.9%

•2029 - 0.0%

•2030 - 2.8%

•2031 - 38.6%

•2032 - 16.4%

•2033 - 0.4%

•2034 - 0.0%

•After 2035 - 0.0%

As of September 30, 2025, the weighted average lease term remaining of our portfolio of real estate assets (excluding multifamily and data center investments), based on each asset's fair value used in determining our NAV, was 6.8 years.

As of September 30, 2025, the weighted average occupancy of our portfolio of real estate assets, based on each asset's fair value used in determining our NAV, was 95.0%. For our industrial, retail and office investments, occupancy includes all leased square footage as of the date indicated. For our multifamily investments, occupancy is defined as the percentage of units occupied on the date indicated.

As of September 30, 2025, the total value of real estate assets (investment in real estate and investments in real estate-related assets) used in determining our NAV was $1.1 billion. The total value of real estate assets, as adjusted for ownership percentage amounts to $570 million.

As of September 30, 2025, we held $8.9 million of cash and cash equivalents excluding restricted cash and a lender required cash reserve and have $21.9 million available capacity to draw on our credit facility.

Status of Our Offerings

We are currently offering on a continuous basis up to $1.25 billion in shares of common stock, consisting of up to $1.0 billion in shares in our primary offering and up to $250 million in shares pursuant to our distribution reinvestment plan. On October 1, 2025, pursuant to the Offering, we issued 3,970 shares of our common stock in the primary offering for total proceeds of $0.10 million and (ii) 12,054 shares of our common stock pursuant to our distribution reinvestment plan for a total value of $0.238 million. As of September 30, 2025, our aggregate NAV was $289 million. On September 30, 2025, we repurchased 127,642 shares of common stock pursuant to our share repurchase program for aggregate consideration of $2.5 million, which represents 53% of repurchase requests. We intend to continue selling shares on a monthly basis.

Cantor Fitzgerald Income Trust Inc. published this content on October 16, 2025, and is solely responsible for the information contained herein. Distributed via EDGAR on October 16, 2025 at 21:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]