Vehicle file · Non-traded REIT

Sterling Real Estate Trust

What its SEC filings show.

SEC CIK 1412502·Inc. ND·Fiscal year end 12/31·Data as filed · pulled Nov 10, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

Sterling Real Estate Trust is a non-traded REIT registered with the SEC under CIK 1412502 (incorporated in ND). Its most recent filing is a 10-Q (quarterly report) dated Nov 4, 2026. As of Sep 30, 2026 it reported total assets of $1.03B (up 7.5% from $955.9M a year earlier). Net income (loss) for the nine months to Sep 30, 2026 was $8.5M. It raised $312K from new shares in the year to Dec 31, 2025; paid $23.8M in distributions in the nine months to Sep 30, 2026; spent $3.7M repurchasing shares in the nine months to Sep 30, 2026.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 111 other vehicles of this type we track.

Cash from operations was $51.2M against $23.8M of distributions paid in the nine months to Sep 30, 2026: operations covered 215% of the payout. It ranks 5th of the 34 vehicles of this type that report the same figures (1st = best covered).
In the year to Dec 31, 2025 it raised $312K and paid $9.7M to buy back shares: a net outflow of $9.4M.
Liabilities were 66% of total assets at Sep 30, 2026. It ranks 44th of the 77 vehicles of this type that report the same figures (1st = least leveraged).

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$1.03B	as of Sep 30, 2026	$955.9M	+7.5%	10-Q · Nov 4, 2026
Real estate, net	$942.3M	as of Sep 30, 2026	$873.1M	+7.9%	10-Q · Nov 4, 2026
Cash and equivalents	$4.6M	as of Sep 30, 2026	$7.4M	−37.8%	10-Q · Nov 4, 2026
Total liabilities	$682.1M	as of Sep 30, 2026	$633.5M	+7.7%	10-Q · Nov 4, 2026
Long-term debt	$605.2M	as of Sep 30, 2026	—	—	10-Q · Nov 4, 2026
Debt (carrying amount)	$608.2M	as of Sep 30, 2026	$569.1M	+6.9%	10-Q · Nov 4, 2026
Notes payable	$16.0M	as of Sep 30, 2026	$10.0M	+60.0%	10-Q · Nov 4, 2026
Shares outstanding (cover page)	13.6M shares	as of Nov 4, 2026	13.1M shares	+3.4%	10-Q · Nov 4, 2026

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Revenues	$136.6M	nine months to Sep 30, 2026	$128.9M	+6.0%	10-Q · Nov 4, 2026
Net income (loss)	$8.5M	nine months to Sep 30, 2026	$6.1M	+40.1%	10-Q · Nov 4, 2026
Cash from operations	$51.2M	nine months to Sep 30, 2026	$37.8M	+35.4%	10-Q · Nov 4, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Distributions paid to common	$23.8M	nine months to Sep 30, 2026	$21.6M	+10.2%	10-Q · Nov 4, 2026
Distributions declared per share	$0.32	quarter to Sep 30, 2026	$0.30	+6.3%	10-Q · Nov 4, 2026
Share repurchases (cash paid)	$3.7M	nine months to Sep 30, 2026	$7.7M	−51.6%	10-Q · Nov 4, 2026
Share repurchases (value)	$684K	quarter to Sep 30, 2026	$1.9M	−64.0%	10-Q · Nov 4, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Nov 4, 202610-Q · Quarterly reportEDGAR ↗
Oct 20, 2026D/A · FilingItems 06bEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Oct 19, 20264 · Insider transactionEDGAR ↗
Sep 25, 20268-K · Current reportItems 1.01,9.01EDGAR ↗
Sep 15, 20264 · Insider transactionEDGAR ↗
Aug 27, 20264 · Insider transactionEDGAR ↗
Aug 5, 202610-Q · Quarterly reportEDGAR ↗
Jul 28, 20264 · Insider transactionEDGAR ↗
Jul 28, 20264 · Insider transactionEDGAR ↗
Jul 22, 20264 · Insider transactionEDGAR ↗
Jul 22, 20264 · Insider transactionEDGAR ↗
Jul 22, 20264 · Insider transactionEDGAR ↗
Jul 16, 20264 · Insider transactionEDGAR ↗
Jul 16, 20264 · Insider transactionEDGAR ↗

Our reads on Sterling Real Estate Trust.

01Sterling Real Estate Trust 10-Q: $24.22 Redemption Price, $29.4M Plan Left, $92.6M Affiliate DebtNov 4, 2026

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1412502, retrieved Nov 10, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

More files.

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Sterling Real Estate Trust

What the figures say together

Key figures, as filed.

Filing timeline.

Our reads on Sterling Real Estate Trust.

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