RREEF Property Trust (RREEF) Q2 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q2 2026 earnings summary
13 Aug, 2026Executive summary
Owns 8 diversified U.S. commercial properties and a portfolio of REIT equity securities as of June 30, 2026.
NAV per share for all classes ranged from $13.08 to $13.30 at quarter-end.
Sold Elston Plaza for $27,000 in March 2026, realizing a $231 gain; sold Terra Nova Plaza in August 2026 for $30,400.
Ongoing capital raising through public and private offerings, with a new $1.95 billion offering filed in July 2026.
Financial highlights
Total revenues for Q2 2026 were $8.56 million, down from $10.42 million in Q2 2025; six-month revenues were $17.30 million, down from $20.52 million year-over-year.
Net loss for Q2 2026 was $0.48 million, compared to $0.26 million in Q2 2025; six-month net loss was $0.91 million, improved from $1.06 million loss year-over-year.
FFO for Q2 2026 was $2.18 million (vs. $2.71 million in Q2 2025); AFFO was $2.19 million (vs. $2.50 million in Q2 2025).
Distributions declared for the six months ended June 30, 2026 totaled $6.54 million, with 50.8% covered by operating cash flow and 49.2% by borrowings.
Outlook and guidance
Management expects to continue raising capital, increasing borrowings, and investing in targeted real estate segments.
U.S. commercial real estate fundamentals are stable, with positive returns and low new supply; outlook remains cautiously optimistic but subject to interest rate and geopolitical risks.
Latest events from RREEF Property Trust
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Registration filing - Revenue up, but net loss driven by higher interest and property sale; occupancy at 99.2%.RREEF
Q1 2025 - 2024 saw a net loss, high occupancy, and elevated leverage, with distributions partly debt-funded.RREEF
Q4 2024 - 2025 revenue rose to $40.2M, net income hit $20.5M, and occupancy reached 97.8%.RREEF
Q4 2025 - Q3 2024 net loss of $3.6M, 93.8% occupancy, exited CMBS Trust, NAV/share $13.45–$13.62.RREEF
Q3 2024 - Q3 2025 net income surged to $22.1M on property sales and higher rents, with strong portfolio occupancy.RREEF
Q3 2025 - Net income fell sharply as redemptions and property sales pressured liquidity and earnings.RREEF
Q2 2024 - Lower Q1 revenues, improved net loss, strong occupancy, and positive real estate outlook amid ongoing risks.RREEF
Q1 2026 - Q2 2025 delivered stable revenues and high occupancy, but net loss widened and redemptions were limited.RREEF
Q2 2025