Filed Pursuant to Rule 424(b)(3)
Registration No. 333-237327
CANTOR FITZGERALD INCOME TRUST, INC.
SUPPLEMENT NO. 8 DATED OCTOBER 22, 2021
TO THE PROSPECTUS DATED JUNE 3, 2021
This Supplement No. 8 supplements, and should be read in conjunction with, our prospectus dated June 3, 2021, Supplement No. 1, dated June 8, 2021, Supplement No. 2, dated June 15, 2021, Supplement No. 3 dated July 20, 2021, Supplement No. 4 dated July 30, 2021, Supplement No. 5 dated August 17, 2021, Supplement No. 6 dated September 16, 2021 and Supplement No. 7 dated October 18, 2021. Defined terms used in this Supplement No. 8 shall have the meaning given to them in the prospectus unless the context otherwise requires. The purpose of this Supplement No. 8 is to update certain disclosure correcting the calculation of FFO and MFFO as reflected in the Company’s Report on the Form 10-Q/A filed with the Securities and Exchange Commission on October 22, 2021. Other than as set forth below, this Supplement No. 8 does not, and does not purport to, update or change the information in the prospectus.
Funds from Operations and Modified Funds from Operation
The following table presents a reconciliation of FFO to net income:
Six Months Ended June 30, 2021 | ||||
Net Income | $ | 347,552 | ||
Net income attributable to non-controlling interest | 495,741 | |||
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Net income attributable to common stockholders | $ | 843,293 | ||
Adjustments: | ||||
Real estate depreciation and amortization | 5,486,315 | |||
Proportionate share of adjustments from non-controlling interests | (1,421,674 | ) | ||
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Funds from Operations | $ | 4,907,934 | ||
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The following table presents a reconciliation of FFO to MFFO:
Six Months Ended June 30, 2021 | ||||
Funds from Operations | $ | 4,907,934 | ||
Adjustments: | ||||
Amortization of above-market lease intangibles | 35,910 | |||
Amortization of below-market lease intangibles | (423,948 | ) | ||
Straight-line rent | (243,774 | ) | ||
Proportionate share of adjustments from non-controlling interests | 5,512 | |||
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Modified Funds from Operations | $ | 4,281,634 | ||
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Distributions
During the three and six months ended June 30, 2021 the Company declared $3,524,692 and $5,138,605, respectively, of distributions to its shareholders (including those reinvested in shares pursuant to the DRP), compared to the Company’s total aggregate MFFO of $2,717,431 and $4,281,634, respectively, for the three and six months ended June 30, 2021, and the Company’s total aggregate net income of $134,036 and $347,552 for such periods, respectively.
During the three and six months ended June 30, 2020 the Company declared $2,209,823 and $4,268,204, respectively, of distributions to its shareholders (including those reinvested in shares pursuant to the DRP), compared to the Company’s total aggregate MFFO of $1,655,276 and $3,407,214, respectively, for the three and six months ended June 30, 2020, and the Company’s total aggregate net income of $386,209 and $888,285 for such periods, respectively.