UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2026
ARES REAL ESTATE INCOME TRUST INC.
(Exact Name of Registrant as Specified in its Charter)
Maryland000-5259630-0309068
(State or other jurisdiction
of incorporation)
(Commission File No.)
(I.R.S. Employer
Identification No.)
One Tabor Center, 1200 Seventeenth Street, Suite 2900, Denver, CO
80202
(Address of Principal Executive Offices)(Zip Code)
(303) 228-2200
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01Other Events.
Ares Real Estate Income Trust Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) is filing this Current Report on Form 8-K in order to provide an update regarding our net asset value (“NAV”), our assets and portfolio.
Most Recent Transaction Price and Net Asset Value Per Share
November 1, 2026 Transaction Price
The transaction price for each of our share classes is equal to such share class’s NAV per share as of September 30, 2026. A calculation of the NAV per share is set forth below.
September 30, 2026 NAV Per Share
Our board of directors, including a majority of our independent directors, has adopted valuation procedures, as amended from time to time, that contain a comprehensive set of methodologies to be used in connection with the calculation of our NAV. Our most recent NAV per share for each share class, which is updated as of the last calendar day of each month, is posted on our website at www.areswms.com/solutions/areit and is also available on our toll-free, automated telephone line at (888) 310-9352. With the approval of our board of directors, including a majority of our independent directors, we have engaged Altus Group U.S. Inc., a third-party valuation firm, to serve as our independent valuation advisor (“Altus Group” or the “Independent Valuation Advisor”) with respect to helping us administer the valuation and review process for the real properties in our portfolio, providing monthly real property appraisals and valuations for certain of our debt-related assets, reviewing annual third-party real property appraisals, reviewing the internal valuations of loans (“DST Program Loans”) provided to certain investors in our program to raise capital in private placements exempt from registration pursuant to Rule 506(b) of Regulation D under the Securities Act of 1933, as amended, through the sale of beneficial interests (“DST Interests”) in specific Delaware statutory trusts holding real properties, including properties currently indirectly owned by our operating partnership (the “DST Program”), and debt-related liabilities performed by Ares Commercial Real Estate Management LLC (our “Advisor”), providing quarterly valuations of our properties subject to master lease obligations associated with the DST Program, and assisting in the development and review of our valuation procedures.
As used below, “Fund Interests” means our outstanding shares of common stock, along with the partnership units in our operating partnership (“OP Units”), which may be or were held directly or indirectly by the Advisor, affiliates of the sponsor and the Advisor, and third parties, and “Aggregate Fund NAV” means the NAV of all the Fund Interests.
The following table sets forth the components of Aggregate Fund NAV as of September 30, 2026 and August 31, 2026:
As of
(in thousands)September 30, 2026August 31, 2026
Investments in residential properties$3,164,200 $3,040,950
Investments in industrial properties3,565,300 3,455,100
Investments in retail properties1,239,450 1,235,300
Investments in office properties407,900 407,500
Investments in other properties (1)892,150 889,250
Total investment in real estate properties9,269,000 9,028,100
Investments in real estate debt and securities409,736 385,892
Investments in unconsolidated joint venture partnerships567,214 570,410
DST Program Loans220,026 221,519
Total investments10,465,976 10,205,921
Cash and cash equivalents28,673 25,143
Restricted cash12,005 8,926
Other assets96,547 93,982
Line of credit, term loans and mortgage notes(3,655,556)(3,454,797)
Secured financings on debt-related investments— (4,113)
Financing obligations associated with our DST Program(2,723,120)(2,700,891)
Other liabilities(217,868)(186,229)
Accrued performance participation allocation(30,771)(28,011)
Accrued advisory fees(6,044)(6,016)
Noncontrolling interests in consolidated joint venture partnerships(16,414)(15,969)
Aggregate Fund NAV$3,953,428 $3,937,946
Total Fund Interests outstanding477,231 475,775
____________________________________________
(1)Includes self-storage and data center properties.
The following table sets forth the NAV per Fund Interest as of September 30, 2026 and August 31, 2026:
(in thousands, except Class T-RClass S-RClass D-RClass I-RClass EClass S-PRClass D-PRClass I-PRClass B
per Fund Interest data)TotalSharesSharesSharesSharesSharesSharesSharesSharesSharesOP Units
As of September 30, 2026
Monthly NAV$3,953,428 $163,250 $260,824 $44,823 $549,265 $315,082 $130,866 $16,421 $198,307 $413,439 $1,861,151
Fund Interests outstanding477,231 19,706 31,485 5,411 66,304 38,035 15,797 1,982 23,938 49,908 224,665
NAV Per Fund Interest$8.2841 $8.2841 $8.2841 $8.2841 $8.2841 $8.2841 $8.2841 $8.2841 $8.2841 $8.2841 $8.2841
As of August 31, 2026
Monthly NAV$3,937,946 $164,682 $264,690 $44,951 $546,920 $316,910 $120,467 $16,392 $188,793 $413,080 $1,861,061
Fund Interests outstanding475,775 19,897 31,979 5,431 66,078 38,288 14,554 1,980 22,810 49,908 224,850
NAV Per Fund Interest$8.2769 $8.2769 $8.2769 $8.2769 $8.2769 $8.2769 $8.2769 $8.2769 $8.2769 $8.2769 $8.2769
Under U.S. generally accepted accounting principles (“GAAP”), we record liabilities for ongoing distribution fees that we estimate we may pay in future periods for the Fund Interests. As of September 30, 2026, we estimated approximately $105 million of ongoing distribution fees were potentially payable. We do not deduct the liability for estimated future distribution fees in our calculation of NAV since we intend for our NAV to reflect our estimated value on the date that we determine our NAV. Accordingly, our estimated NAV at any given time does not include consideration of any estimated future distribution fees that may become payable after such date.
We include no discounts to our NAV for the illiquid nature of our shares, including the limitations on our stockholders’ ability to redeem shares under our share redemption program and our ability to make exceptions to, modify or suspend our share redemption program at any time. Our NAV generally does not reflect the potential impact of exit costs (e.g. selling costs and commissions related to the sale of a property) that would likely be incurred if our assets and liabilities were liquidated or sold today. While we may use market pricing concepts to value individual components of our NAV, our per share NAV is not derived from the market pricing information of open-end real estate funds listed on stock exchanges.
Our NAV is not a representation, warranty or guarantee that: (i) we would fully realize our NAV upon a sale of our assets; (ii) shares of our common stock would trade at our per share NAV on a national securities exchange; and (iii) a stockholder would be able to realize the per share NAV if such stockholder attempted to sell his or her shares to a third party.
The valuations of our real properties as of September 30, 2026, excluding certain newly acquired properties that are currently held at cost which we believe reflects the fair value of such properties, were provided by the Independent Valuation Advisor in accordance with our valuation procedures. Certain key assumptions that were used by the Independent Valuation Advisor in the discounted cash flow analysis are set forth in the following table based on weighted-averages by property type.
ResidentialIndustrialRetailOfficeOther (1)Weighted-Average
Basis
Exit capitalization rate5.2 %5.7 %6.4 %7.3 %6.1 %5.7 %
Discount rate / internal rate of return7.1 %7.3 %7.4 %8.7 %7.7 %7.4 %
Average holding period (years)10.0 10.1 10.0 10.0 14.0 10.4
____________________________________________
(1)Includes self-storage and data center properties.
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, excluding certain newly acquired properties that are currently held at cost which we believe reflects the fair value of such properties:
InputHypothetical
Change		ResidentialIndustrialRetailOfficeOther (1)Weighted-Average
Values
Exit capitalization rate (weighted-average)0.25% decrease3.2 %3.0 %2.4 %2.5 %2.3 %2.9 %
0.25% increase(2.9)%(2.8)%(2.2)%(2.3)%(2.1)%(2.7)%
Discount rate (weighted-average)0.25% decrease2.0 %2.0 %1.9 %2.0 %2.5 %2.0 %
0.25% increase(1.9)%(1.9)%(1.9)%(2.0)%(2.4)%(2.0)%
____________________________________________
(1)Includes self-storage and data center properties.
Distributions
We authorized monthly gross distributions for each class of shares of our common stock in the amount of $0.03583 per share for the month of September 2026. These distributions were paid to all stockholders of record as of the close of business on September 30, 2026, net of, as applicable, distribution fees that are payable monthly with respect to certain classes of shares of our common stock.
Update on Our Assets and Activities
As of September 30, 2026, our consolidated investments include 170 real estate properties totaling approximately 36 million square feet located in 35 markets throughout the U.S., which were 95% leased.
As of September 30, 2026, our leverage ratio was 35% (calculated as outstanding principal balance of our borrowings, including secured financings on debt-related investments, less cash and cash equivalents, divided by the fair value of our real property, net investments in unconsolidated joint venture partnerships and investments in real estate debt and securities not associated with the DST Program, as determined in accordance with our valuation procedures) and the weighted-average interest rate of our consolidated borrowings was 4.97%.
For the quarter ended September 30, 2026, we raised gross proceeds of approximately $183 million, including proceeds from our distribution reinvestment plan and the sale of DST Interests (including $13 million of DST Interests financed by DST Program Loans). The aggregate dollar amount of common stock and OP Unit redemptions requested for July, August and September, which were redeemed in full on August 1, 2026, September 1, 2026 and October 1, 2026, respectively, was $27 million.
Update on Real Properties
As of September 30, 2026, our consolidated investments include 170 real estate properties totaling approximately 36 million square feet located in 35 markets throughout the U.S., which were 95% leased. Rent growth on comparable commercial leases executed during the trailing 12 months ended September 30, 2026 averaged 26% when calculated using cash basis rental rates and 41% when calculated using GAAP basis rental rates. For our industrial properties, rent growth on comparable leases executed during the trailing 12 months ended September 30, 2026 averaged 33% when calculated using cash basis rental rates and 46% when calculated using GAAP basis rental rates. Rent decline on new and renewal residential leases executed during the trailing 12 months ended September 30, 2026 averaged 1%. As of September 30, 2026, rents across our residential properties and industrial properties, our two largest categories, were estimated to be 9% and 20% below market (on a weighted-average basis).
During the three months ended September 30, 2026, we acquired nine retail properties, four industrial properties, four residential properties and one self-storage property for an aggregate contractual purchase price of $1.1 billion.
During the three months ended September 30, 2026, we sold part of one industrial property for a contractual sales price of $5 million. Our total accounting basis, which is inclusive of straight-line rent receivables and net of accumulated depreciation and amortization, for this property as of the closing date was approximately $2 million.
As used herein, the term “commercial” refers to our industrial, retail, office and data center properties or customers, as applicable.
Portfolio Overview. We currently group our real property portfolio into six categories: residential, industrial, retail, office, data center and other. The following table summarizes our real property portfolio by category as of September 30, 2026:
Average
Number of% of TotalEffective Annual
($ and square feet in thousands,Number ofReal RentableRentable Base Rent per%
except for per square foot data)Markets (1)PropertiesSquare FeetSquare FeetSquare Foot (2)Leased
Residential properties15287,53021 %$29.59 94 %
Industrial properties289421,88162 7.69 96
Retail properties12263,3049 24.38 96
Office properties561,2153 41.37 78
Data Center properties12 745 2 37.67 100
Other properties (3)8141,1063 20.18 86
Total real property portfolio3517035,781100 %$15.76 95 %
____________________________________________
(1)Reflects the number of unique markets by category and in total. As such, the total number of markets does not equal the sum of the number of markets by category as certain categories are located in the same market.
(2)Amount calculated as total annualized base rent, which includes the impact of any contractual tenant concessions (cash basis) per the terms of the lease, divided by total lease square footage as of September 30, 2026.
(3)Includes self-storage properties.
Market Diversification. The following table summarizes certain operating metrics of our real property portfolio by market and by category as of September 30, 2026:
($ and square feet in thousands)Number of PropertiesInvestment in Real Estate Properties% of Gross Investment AmountRentable Square Feet% of Total Rentable Square Feet% Leased (1)
Residential properties:
Atlanta, GA4 $377,181 4 %1,026 3 %94 %
Austin, TX1 75,290 1 197 — 97
Central Florida3 438,424 5 958 3 95
Charlotte, NC2 171,712 2 487 1 95
Dallas, TX4 367,110 4 1,124 3 94
D.C. / Baltimore1 97,816 1 288 1 94
Denver, CO1 81,321 1 201 — 92
Knoxville, TN1 166,094 2 206 1 98
Pennsylvania1 94,269 1 235 1 94
Phoenix, AZ1 138,320 2 409 1 96
San Antonio, TX2 152,490 2 592 2 94
Seattle, WA1 124,056 1 208 1 94
South Florida4 468,168 5 1,202 3 95
Southern California1 114,017 1 189 — 97
Tucson, AZ1 126,584 1 208 1 69
Total residential properties (8,271 units)28 2,992,852 33 7,530 21 94
Industrial properties:
Atlanta, GA5272,433 3 2,1856 100
Bay Area, CA3170,105 2 6142 86
Central Florida6246,004 3 1,4134 93
Charlotte, NC122,729 — 2081 100
Chicago, IL5165,362 2 1,3244 97
Cincinnati, OH235,722 — 3951 100
Columbus, OH5192,526 2 1,9785 100
Dallas, TX8248,801 3 2,1506 94
D.C. / Baltimore6148,661 2 1,1083 100
Denver, CO260,084 1 3651 100
Greater Boston4142,333 2 5772 100
Houston, TX5140,379 2 1,2103 100
Indianapolis, IN7136,566 2 1,5914 96
Las Vegas, NV234,585 — 2761 93
Louisville, KY119,770 — 2351 100
Metro New York229,972 — 172— 100
New Jersey469,342 1 5712 100
Pennsylvania3102,290 1 5642 54
Phoenix, AZ366,796 1 3371 100
Portland, OR365,718 1 3951 100
Reno, NV169,631 1 7232 100
Richmond, VA496,629 1 8052 100
Salt Lake City, UT2145,049 2 9163 88
San Antonio, TX4113,085 1 9383 100
San Diego, CA126,452 — 136— 100
Seattle, WA2117,580 1 4101 100
($ and square feet in thousands)Number of PropertiesInvestment in Real Estate Properties% of Gross Investment AmountRentable Square Feet% of Total Rentable Square Feet% Leased (1)
South Florida115,374 — 76— 100
Southern California269,063 1 2091 100
Total industrial properties943,023,041 35 21,88162 96
Retail properties:
Atlanta, GA1 58,742 1 328 1 100
Austin, TX1 67,999 1 117 — 100
Birmingham, AL1 45,699 1 193 — 97
Dallas, TX3 135,714 2 302 1 91
D.C. / Baltimore1 41,697 — 131 — 100
Greater Boston9 254,589 3 911 3 97
Houston, TX2 180,975 2 289 1 84
New Jersey1 67,428 1 226 1 95
Phoenix, AZ3 130,363 1 375 1 98
Raleigh, NC1 45,584 1 125 — 96
South Florida2 117,854 1 206 1 99
Tulsa, OK1 36,320 — 101 — 98
Total retail properties26 1,182,964 14 3,304 9 96
Office properties:
Austin, TX186,844 1 2721 41
D.C. / Baltimore196,753 1 128— 90
Metro New York1274,275 3 5892 85
Minneapolis / St. Paul, MN141,999 1 103— 93
New Jersey247,890 1 123— 100
Total office properties6547,761 7 1,2153 78
Data Center properties:
D.C. / Baltimore2689,072 8 7452 100
Total data center properties2689,072 8 7452 100
Other properties (2):
Central Florida3 34,856 — 187 1 87
D.C. / Baltimore1 46,598 1 126 — 90
New Jersey1 23,959 — 91 — 84
Pennsylvania3 63,259 1 274 1 88
Raleigh, NC2 19,527 — 116 — 85
Richmond, VA1 16,703 — 100 — 80
San Diego, CA1 21,445 — 51 — 89
South Florida2 44,328 1 161 1 83
Total other properties14 270,675 3 1,106 3 86
Total real property portfolio170 $8,706,365 100 %35,781 100 %95 %
____________________________________________
(1)Percentage leased is based on executed leases as of September 30, 2026.
(2)Includes self-storage properties.
The following table sets forth the top 10 geographic allocations of our real property portfolio based on fair value as of September 30, 2026:
($ in thousands)Number of PropertiesFair Value of Real Properties% of Fair Value
D.C. / Baltimore12$1,094,900 12 %
Atlanta, GA10803,950 9
Dallas, TX15750,250 8
South Florida9743,500 8
Central Florida12726,850 8
Greater Boston13424,200 4
Phoenix, AZ7353,350 4
Houston, TX7353,250 4
Pennsylvania7277,800 3
Seattle, WA3267,200 3
Other753,473,750 37
Total real properties170$9,269,000 100 %
Lease Terms. Commercial lease terms typically range from one to 10 years, and often include renewal options. Commercial leases that are structured on a “triple net basis”, in which customers pay their proportionate share of real estate taxes, insurance, common area maintenance, and certain other operating costs, account for 93% of our total leased commercial portfolio, based on number of commercial leases. Most of our commercial leases include fixed rental increases or Consumer Price Index-based rental increases and are not based on the income or profits of any person. The majority of our residential and self-storage leases expire within 12 months.
Lease Expirations. As of September 30, 2026, the weighted-average remaining term of our total leased commercial portfolio was approximately 5.4 years based on annualized base rent and 4.5 years based on leased square footage, excluding renewal options. The following table summarizes the lease expirations at our commercial properties for leases in place as of September 30, 2026, without giving effect to the exercise of renewal options or termination rights, if any. The table excludes our residential and self-storage properties as substantially all leases at such properties expire within 12 months.
($ and square feet in thousands)Number of
Commercial Leases		Annualized Base Rent (1)% of Total
Annualized
Base Rent (1)		Leased
Square Feet		% of Total
Leased
Square Feet
Remainder of 2026 (2)20$5,210 2 %3961 %
20279924,745 8 2,48110
202813441,704 13 4,05916
202912441,799 13 4,01515
203011939,708 13 3,66014
20319228,981 9 2,84011
20325124,101 8 2,0928
20334112,530 4 9204
20344020,556 7 2,1198
20353117,340 6 1,3385
Thereafter5852,093 17 2,0868
Total leased809$308,767 100 %26,006100 %
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(1)Annualized base rent is calculated as monthly base rent including the impact of any contractual tenant concessions (cash basis) per the terms of the lease as of September 30, 2026, multiplied by 12.
(2)Includes one lease totaling approximately 4 thousand square feet that expired on September 30, 2026.
Customer Diversification. We believe that the customer base that occupies our real property portfolio is generally stable and well-diversified. As of September 30, 2026, we had 681 commercial customers and there were no customers that represented more than 10% of total annualized base rent or more than 10% of total leased square feet. The following table reflects our 10 largest customers, based on annualized base rent, as of September 30, 2026:
($ and square feet in thousands)Number of
Locations (1)		Annualized Base Rent (2)% of Total
Annualized
Base Rent (2)		Leased
Square Feet		% of Total
Leased
Square Feet
Amazon / Whole Foods7 $33,719 6 %1,349 4 %
FedEx4 10,875 2 2,035 6
Stop & Shop7 8,218 2 449 1
S.P. Richards Company7 8,180 2 954 3
MF Warehouse1 5,799 1 770 2
Mizuho Bank Ltd.1 4,622 1 107 —
SpaceX2 4,241 1 269 1
Kuehne + Nagel1 4,181 1 432 1
United States of America3 3,987 1 53 —
Veritiv Operating Company2 3,480 1 804 2
Total35 $87,302 18 %7,222 20 %
____________________________________________
(1)Reflects the number of properties for which the customer has at least one lease in-place.
(2)Annualized base rent is calculated as monthly base rent including the impact of any contractual tenant concessions (cash basis) per the terms of the lease as of September 30, 2026, multiplied by 12.
The majority of our customers do not have a public corporate credit rating. We evaluate creditworthiness and financial strength of prospective commercial customers based on financial, operating and business plan information that such prospective customers provide to us, as well as other market, industry and economic information that is generally publicly available. As a result of this assessment, we may require that the customers enhance their credit by providing us with security deposits, letters of credit from established financial institutions, or personal or corporate guarantees. Customer creditworthiness often influences the amount of upfront tenant improvements, lease incentives, concessions or other leasing costs. We evaluate creditworthiness of our residential customers based on standard market practice, which includes credit checks.
Industry Diversification. We intend to maintain a well-diversified mix of customers to limit our exposure to any single customer or industry. Our diversified investment strategy inherently provides for customer diversity, and we continue to monitor our exposure relative to our larger customer industry sectors. The following table reflects the 10 largest industry concentrations within our portfolio, based on annualized base rent, as of September 30, 2026 and assumes that our residential and self-storage investments are not concentrated within any specific industry:
($ and square feet in thousands)Number of
Leases		Annualized Base Rent (1)% of Total
Annualized
Base Rent		Leased
Square Feet		% of Total
Leased
Square Feet
eCommerce / Fulfillment8 $34,334 6 %1,604 5 %
Food & Beverage168 26,076 5 1,160 3
Storage / Warehousing25 23,307 4 2,869 8
Transportation / Logistics16 18,604 3 2,437 7
Professional Services68 18,062 3 720 2
Supermarket20 17,679 3 1,030 3
Apparel / Clothing27 14,303 3 1,974 6
Manufacturing21 13,938 3 2,018 6
Financial22 13,402 3 377 1
Post & Courier Services15 13,118 2 2,204 6
Total390 $192,823 35 %16,393 47 %
____________________________________________
(1)Annualized base rent is calculated as monthly base rent including the impact of any contractual tenant concessions (cash basis) per the terms of the lease as of September 30, 2026, multiplied by 12.
Forward-Looking Statements
This Current Report on Form 8-K includes certain statements that may be deemed “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are generally identifiable by the use of the words “may,” “will,” “should,” “expect,” “could,” “anticipate,” “estimate,” “believe,” “intend,” “project,” “continue,” or other similar words or terms and include, without limitation, statements regarding the estimates and assumptions used in the calculation of our NAV per Fund Interest. These statements are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. The forward-looking statements included herein are based upon our current expectations, plans, estimates, assumptions, and beliefs that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, present and future economic, competitive and market conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Among the factors that may cause results to vary are difficulties in economic conditions generally and the real estate, debt, and securities markets specifically, including the impact of inflation, changes in interest rates, developments related to tariffs and trade policies and the resulting impacts on market volatility and global trade and the conflicts in Ukraine and in the Middle East, legislative or regulatory changes, including changes to the laws governing the taxation of real estate investment trusts (“REITs”), risks associated with acquisitions, availability and creditworthiness of prospective customers, availability of capital (debt and equity), competition, supply and demand for properties in current and any proposed market areas in which we invest, our customers’ ability to pay rent, changes to accounting principles, policies and guidelines applicable to REITs, environmental, regulatory and/or safety requirements, customer bankruptcies and defaults, the availability and cost of comprehensive insurance, including our ability to continue to qualify as a REIT, and other factors, many of which are beyond our control. For a further discussion of these factors and other risk factors that could lead to actual results materially different from those described in the forward-looking statements, see “Risk Factors” under Item 1A of Part 1 of our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent periodic and current reports filed with the SEC. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances, or any other reason.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
Exhibit
Number		Description
99.1*
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
____________________________________________
*Filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Ares Real Estate Income Trust Inc.
October 15, 2026
By:/s/ TAYLOR M. PAUL
Taylor M. Paul
Managing Director, Chief Financial Officer and Treasurer