Filed Pursuant to Rule 424(b)(3)
Registration No. 333-273828

CANTOR FITZGERALD INCOME TRUST, INC.

SUPPLEMENT NO. 2 DATED MARCH 19, 2024

TO THE PROSPECTUS DATED FEBRUARY 7, 2024

This Supplement No. 2 supplements, and should be read in conjunction with our prospectus dated February 7, 2024 and Supplement No.1 dated February 15, 2024. Defined terms used in this Supplement No. 2 shall have the meaning given to them in the prospectus unless the context otherwise requires. The purposes of this Supplement are as follows:

• to update the transaction price for Class S, Class I, Class T and Class D shares of our common stock as of April 1, 2024;

• to disclose the calculation of our February 29, 2024 net asset value (“NAV”) per share, as determined in accordance with our valuation procedures, for each of our share classes;

• to update our portfolio disclosure; and

• to provide an update on the status of our current public offering (the “Offering”).

April 1, 2024 Transaction Price

The transaction price for each share class of our common stock for subscriptions accepted as of April 1, 2024 (and repurchases as of March 31, 2024) is as follows:

	Transaction Price (per share)
Class S	$	22.10
Class I	$	22.12
Class T	$	22.10
Class D	$	22.11

A detailed calculation of the NAV per share is set forth below. The purchase price of our common stock for each share class equals the transaction price of such class, plus applicable upfront selling commissions and dealer manager fees. Subject to certain specific limitations and holding period requirements defined in our share repurchase program, the repurchase price for each share class will be based upon the transaction price of such class.

February 29, 2024 NAV per Share

We calculate NAV per share in accordance with the valuation guidelines that have been approved by our board of directors. Our NAV per share, which is updated as of the last calendar day of each month, is posted on our website at www.cfincometrust.com and is made available on our toll-free, automated telephone line at 855-9-CANTOR. Please refer to “Net Asset Value Calculation and Valuation Guidelines” in the prospectus for how our NAV is determined. We have engaged Robert A. Stanger & Co., Inc. to serve as our independent valuation firm (“Independent Valuation Firm”). Our advisor is ultimately responsible for determining our NAV.

The following table provides a breakdown of the major components of our NAV pursuant to our valuation guidelines:

Components of NAV	February 29, 2024			January 31, 2024
Investment in real estate	$1,013,298,000			$1,013,298,000
Investments in real estate-related assets		33,788,350			33,605,967
Investment in debt securities		10,346,606			10,166,819
Cash and cash equivalents and restricted cash		37,753,055			36,790,878
Other assets		12,310,194			11,216,863
Debt obligations (at fair market value)		(471,481,646	)		(472,111,371	)
Due to related parties(1)		(8,862,047	)		(6,161,237	)
Accounts payable and other liabilities		(18,157,634	)		(20,781,586	)
Accrued performance participation allocation		—			—
Distribution fee payable the following month(2)		(28,031	)		(29,763	)
Non-controlling interests in subsidiaries		(292,624,958	)		(287,395,838	)
Sponsor Support repayment / special unit holder interest in liquidation		—			—
Net Asset Value	$	316,341,889		$	318,598,732
Number of outstanding shares		14,302,781			14,435,117

(1) Distribution fee only relates to Class TX, Class T, Class S and Class D shares of common stock.

(2) The distribution fee that is payable as of February 29, 2024 related to Class TX, Class T, Class S and Class D shares of common stock is shown in the table below.

Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

The following table provides a breakdown of our total NAV and NAV per share by class as of February 29, 2024.

NAV Per Share	Class AX, IX and I Shares			Class TX Shares			Class T Shares			Class D Shares			Class S Shares			Total
Total Gross Assets at Fair Value	$	933,389,607		$	10,093,060		$	115,711,857		$	47,763,760		$	537,921		$	1,107,496,205
Distribution fees due and payable		—			(2,438	)		(22,689	)		(2,798	)		(106	)		(28,031	)
Debt obligations (at fair market value)		(397,361,243	)		(4,296,802	)		(49,260,681	)		(20,333,917	)		(229,003	)		(471,481,646	)
Due to related parties		(7,468,868	)		(80,763	)		(925,912	)		(382,200	)		(4,304	)		(8,862,047	)
Accounts payable and other liabilities		(15,303,120	)		(165,477	)		(1,897,121	)		(783,097	)		(8,819	)		(18,157,634	)
Accrued performance participation allocation		—			—			—			—			—			—
Non-controlling interests in subsidiaries		(246,622,150	)		(2,666,809	)		(30,573,628	)		(12,620,240	)		(142,131	)		(292,624,958	)
Quarterly NAV	$	266,634,226		$	2,880,771		$	33,031,826		$	13,641,508		$	153,558		$	316,341,889
Number of outstanding shares		12,054,278			130,347			1,494,363			616,846			6,947			14,302,781
NAV per share	$	22.12		$	22.10		$	22.10		$	22.11		$	22.10

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The following table reconciles stockholders’ equity per our unaudited consolidated balance sheet to our NAV:

Reconciliation of Stockholders’ Equity to NAV	February 29, 2024
Stockholders’ equity under U.S. GAAP	$	539,122,802
Adjustments:
Unrealized depreciation of real estate		(69,064,920	)
Unrealized appreciation of real estate-related assets		3,541,625
Organization and offering costs		—
Acquisition costs		(8,731,008	)
Deferred financing costs, net		(4,397,092	)
Accrued distribution fee(1)		1,171
Accumulated depreciation and amortization		98,931,264
Fair value adjustment of debt obligations		70,286,788
Deferred rent receivable		(11,884,686	)
Derivative assets, at fair value		(8,839,097	)
Non-controlling interests in subsidiaries		(292,624,958	)
NAV	$	316,341,889

Note: (1) Accrued distribution fee only relates to Class TX, Class T, Class S and Class D shares of common stock.

The valuations of our real properties as of February 29, 2024 were provided by the Independent Valuation Advisor or third-party appraisal firms in accordance with our valuation procedures. Certain key assumptions that were used by the Independent Valuation Advisor or third-party appraisal firms in the discounted cash flow analysis are set forth in the following table based on weighted-averages by property type at ownership interest.

	Single Tenant Office			Single Tenant Industrial			Multifamily			Single Tenant Life Sciences			Weighted- Average Basis
Exit Capitalization Rate		6.5	%		5.8	%		5.6	%		6.0	%		6.0	%
Residual Discount Rate		7.2	%		6.7	%		6.8	%		6.8	%		6.9	%
Average Holding Period (Yrs)		9.5			7.9			10.0			13.0			9.2

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.

	Hypothetical Change	Single Tenant Office			Single Tenant Industrial			Multifamily			Single Tenant Life Sciences			Weighted- Average Values
Exit Capitalization Rate	0.25% Increase		-2.4	%		-3.1	%		-2.6	%		-2.0	%		-2.7	%
	0.25% Decrease		2.6	%		3.4	%		2.9	%		2.2	%		2.9	%
Discount Rates	0.25% Increase		-1.7	%		-1.4	%		-1.9	%		-2.2	%		-1.7	%
	0.25% Decrease		1.7	%		1.5	%		1.9	%		2.2	%		1.7	%

February 29, 2024 Portfolio

As of February 29, 2024, lease expirations related to our net lease portfolio of real estate assets (excluding the SF Property), based on each asset’s fair value used in determining our NAV, were as follows:

• 2024 – 0.0%

• 2025 – 0.0%

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• 2026 – 0.0%

• 2027 – 19.6%

• 2028 – 16.8%

• 2029 – 0.0%

• 2030 – 0.0%

• 2031 – 30.5%

• 2032 – 23.4%

• 2033 – 0.0%

• After 2034 – 9.6%

As of February 29, 2024, the industry concentration of our portfolio of real estate assets, based on each asset’s fair value used in determining our NAV, was as follows:

• Multifamily – 36.4%

• Single Tenant Office – 30.5%

• Single Tenant Industrial – 29.8%

• Single Tenant Life Sciences – 1.7%

• Single Tenant Necessity Retail – 1.6%

As of February 29, 2024, the geographic concentration of our portfolio of real estate assets, based on each asset’s fair value used in determining our NAV, was as follows:

• Texas – 30.9%

• Ohio – 27.7%

• California – 14.4%

• South Carolina – 6.6%

• Maryland – 5.9%

• Arizona – 4.5%

• New Jersey – 2.1%

• Illinois – 2.5%

• Pennsylvania – 2.3%

• Michigan – 1.6%

• Kansas – 1.4%

• Indiana – 0.1%

As of February 29, 2024, the investment type concentration of our portfolio of real estate assets, based on each asset’s fair value used in determining our NAV, was as follows:

• Common Equity – 93.3%

• Mezzanine Loan – 2.4%

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• Preferred Equity – 2.3%

• Real Estate-Related Security – 2.0%

As of February 29, 2024, the maturity concentration of debt secured by our portfolio of real estate assets (including our credit facility, which makes up all debt maturing in 2024—2025, and has two one-year extension options), based on principal balances and adjusted for ownership percentage, was as follows:

• 2024 – 31.1%

• 2025 – 0.0%

• 2026 – 0.0%

• 2027 – 2.1%

• 2028 – 9.6%

• 2029 – 0.0%

• 2030 – 4.0%

• 2031 – 27.0%

• 2032 – 23.8%

• 2033 – 0.5%

• After 2034 – 0.0%

As of February 29, 2024, the weighted average lease term remaining of our portfolio of real estate assets (excluding multifamily, mezzanine and preferred equity investments), based on each asset’s fair value used in determining our NAV, was 6.9 years.

As of February 29, 2024, the weighted average occupancy of our portfolio of real estate assets, based on each asset’s fair value used in determining our NAV, was 94.5%. For our industrial, retail and office investments, occupancy includes all leased square footage as of the date indicated. For our multifamily investments, occupancy is defined as the percentage of units occupied on the date indicated.

As of February 29, 2024, the total value of real estate assets (investment in real estate, investments in real estate-related assets, and investment in debt securities) used in determining our NAV was $1.1 billion. The total value of real estate assets, as adjusted for ownership percentage amounts to $499 million.

As of February 29, 2024, we held $10.4 million of cash and cash equivalents excluding restricted cash and a lender required cash reserve and have $30.5 million of available capacity to draw on our credit facility.

Status of Our Offerings

We are currently offering on a continuous basis up to $1.25 billion in shares of common stock, consisting of up to $1.0 billion in shares in our primary offering and up to $250 million in shares pursuant to our distribution reinvestment plan. As of the date of this Supplement, aggregate issuance pursuant to the Offering (and shares issues and sold on March 1, 2024), consist of (i) 23,406 shares of our common stock in the primary offering for total proceeds of $0.5 million and (ii) 11,426 shares of our common stock pursuant to our distribution reinvestment plan for a total value of $0.25 million. As of February 29, 2024, our aggregate NAV was $316 million. In the month ended February 29, 2024, we received repurchase requests that exceeded the applicable limits under our share repurchase program. Accordingly, on February 29, 2024, we repurchased 288,308 shares of common stock pursuant to our share repurchase program for aggregate consideration of $6.4 million, which represents 84% of repurchase requests. We intend to continue selling shares on a monthly basis.

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