In a June 23 filing, Corporate Property Associates 18 – Global Inc., a publicly registered nontraded real estate investment trust managed by W. P. Carey, has updated the quarterly net asset value per share of the company’s common stock.
As of March 31, 2020, the REIT’s class A and class C common stock each had an NAV per share of $8.29, which was 7.3 percent lower than the $8.94 per share NAVs on Dec. 31, 2019.
The decrease in NAV is primarily due to the reduction in the value of the portion of the real estate that was appraised as of March 31, 2020, and the impact of foreign exchange fluctuations.
