Wed, May 14, 9:20 PM (35 days ago)
**AB Commercial Real Estate Private Debt Fund, LLC (AB)** reported its Q1 2025 financial performance, highlighting key metrics and trends. The fund's total assets increased to $986.0 million from $910.3 million in Q4 2024, driven by a rise in loan receivables and equity method investments. Net interest income decreased by $1.1 million due to lower index rates and increased portfolio financing. Operating expenses decreased by $0.2 million, primarily due to reduced incentive fees. Net income increased by $1.1 million, driven by lower provision for credit losses and higher capital deployment. The fund's cash flows from operating activities were $6.7 million, while cash flows used in investing activities were $78.1 million, primarily for new loan originations. The fund's liquidity and capital resources are expected to be sufficient for the next 12 months, supported by uncalled capital commitments and financing facilities. The fund's debt obligations total $626.1 million, with a weighted average interest rate of 6.57%. The fund's investments are concentrated in multifamily and mixed-use properties, with a weighted average interest rate of 8.19% and a remaining term of 1.29 years. The fund's financial condition may be affected by economic downturns, legal risks, and other uncertainties. The fund's management discusses the impact of interest rate changes, credit risk, and market risks on its financial performance. The fund's disclosure controls and procedures are effective, with no material changes in internal control over financial reporting. The fund is not subject to any material legal proceedings and has not sold any unregistered securities during the period. The fund's insider trading arrangements and policies are disclosed, with no changes in Rule 10b5-1 trading arrangements. The fund's exhibits include repurchase agreements, certifications, and XBRL documents.