What is FS CR REAL EST INCOME M's earnings per share (EPS)?

FS CR REAL EST INCOME M (FSREM) reported diluted earnings per share of $1.36 for fiscal year 2025. This represents a -2.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

FS CR REAL EST INCOME M (FSREM) Financials

FSREM

Trailing 12 months to June 30, 2026

Revenue $326.2M -4.3% YoY

Net Income $168.7M -13.9% YoY

EPS (Diluted) $1.33 -15.3% YoY

Operating Cash Flow $199.7M -3.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 14, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FSREM SEC filings page.

FS CR REAL EST INCOME M (FSREM) reported $326.2M in revenue over the twelve months to Jun 30, 2026, down 4.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial health score not available

FS CR REAL EST INCOME M does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/5

FS CR REAL EST INCOME M passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.12x

For every $1 of reported earnings, FS CR REAL EST INCOME M generates $1.12 in operating cash flow ($190.6M OCF vs $169.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$59.0M

YoY-5.5%

QoQ-37.3%

FS CR REAL EST INCOME M generated $59.0M in revenue in Q2 2026. This represents a decrease of 5.5% from the same quarter a year earlier. Against the prior quarter it is down 37.3%.

Net Income

$20.4M

YoY-24.6%

QoQ-57.6%

FS CR REAL EST INCOME M reported $20.4M in net income in Q2 2026. This represents a decrease of 24.6% from the same quarter a year earlier. Against the prior quarter it is down 57.6%.

EPS (Diluted)

$0.16

YoY-27.3%

QoQ-57.9%

5Y CAGR-17.2%

FS CR REAL EST INCOME M earned $0.16 per diluted share (EPS) in Q2 2026. This represents a decrease of 27.3% from the same quarter a year earlier. Against the prior quarter it is down 57.9%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$174.1M

YoY+59.9%

QoQ+12.6%

5Y CAGR+67.2%

FS CR REAL EST INCOME M held $174.1M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

Diluted avg 126M

FS CR REAL EST INCOME M had a weighted average of 126M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin

34.6%

YoY-8.8pp

QoQ-16.5pp

FS CR REAL EST INCOME M's net profit margin was 34.6% in Q2 2026, showing the share of revenue converted to profit. This is down 8.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 16.5 percentage points.

Return on Equity

0.7%

YoY-0.3pp

QoQ-1.0pp

FS CR REAL EST INCOME M's ROE was 0.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$142.0M

YoY-23.7%

QoQ+15.9%

5Y CAGR+130.3%

FS CR REAL EST INCOME M spent $142.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 23.7% from the same quarter a year earlier. Against the prior quarter it is up 15.9%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

FSREM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSREM quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Revenue	$326.2M	$315.4M+0.7%	$313.1M+13.7%	$275.5M+47.5%	$186.8M+220.7%	$58.3M+122.2%	$26.2M	N/A	N/A	N/A
SG&A Expenses	$44.6M	$46.8M+1.4%	$46.1M+12.1%	$41.2M+67.6%	$24.6M+178.5%	$8.8M+72.6%	$5.1M+33.6%	$3.8M+23.4%	$3.1M+385.4%	$639K
Interest Expense	$370.3M	$387.8M-14.0%	$450.8M+5.7%	$426.4M+128.3%	$186.7M+581.8%	$27.4M+141.3%	$11.4M+8.7%	$10.4M+86.3%	$5.6M+1092.3%	$470K
Income Tax	$687K	$869K-61.6%	$2.3M-10.7%	$2.5M+102.5%	$1.3M+103.7%	$614K+496.1%	$103K+364.1%	-$39K	N/A	N/A
Net Income	$168.7M	$169.9M-2.9%	$175.0M+16.5%	$150.2M+18.9%	$126.4M+215.8%	$40.0M+124.1%	$17.9M+95.9%	$9.1M+128.4%	$4.0M+1714.1%	$220K
EPS (Basic)	N/A	$1.39-2.1%	$1.42+7.6%	$1.32-20.0%	$1.65+0.6%	$1.64-3.5%	$1.70	N/A	N/A	N/A
EPS (Diluted)	$1.33	$1.36-2.9%	$1.40+6.1%	$1.32-20.0%	$1.65	$1.64	$1.70	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	125M-0.3%	125M+9.9%	114M+48.2%	77M	24.40B	10M	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$59.0M-5.5%	$94.2M+17.7%	$78.0M-29.5%	$95.0M+8.5%	$62.4M-5.7%	$80.0M+64.2%	$110.8M+33.4%	$87.5M+6.2%
SG&A Expenses	$10.8M-13.1%	$11.3M-4.3%	$11.3M-3.7%	$11.3M-3.6%	$12.4M+8.4%	$11.8M+4.7%	$11.7M+9.0%	$11.7M+17.3%
Interest Expense	$93.3M-4.4%	$91.6M-12.6%	$90.6M-18.0%	$94.8M-19.7%	$97.6M-13.0%	$104.8M-4.9%	$110.4M-0.5%	$118.1M+6.8%
Income Tax	$270K+3.4%	$289K-39.8%	$68K-86.7%	$60K-87.4%	$261K-67.0%	$480K0.0%	$513K+87.9%	$478K+74.5%
Net Income	$20.4M-24.6%	$48.1M+12.9%	$40.3M-45.6%	$59.8M+14.9%	$27.1M-17.9%	$42.6M+169.5%	$74.1M+115.8%	$52.1M-6.9%
EPS (Basic)	$0.17-26.1%	$0.39+11.4%	$0.32-47.5%	$0.49+16.7%	$0.23-11.5%	$0.35+169.2%	$0.61+117.9%	$0.42-12.5%
EPS (Diluted)	$0.16-27.3%	$0.38+11.8%	$0.31-48.3%	$0.48+17.1%	$0.22-15.4%	$0.34+161.5%	$0.60+114.3%	$0.41-14.6%
Diluted Shares (Avg)	126M+3.2%	128M+1.8%	N/A	125M-1.1%	122M-1.7%	125M+2.2%	N/A	126M+8.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

FSREM Balance Sheet

FSREM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Total Assets	$11.8B+15.3%	$10.2B+7.8%	$9.5B+13.5%	$8.3B+107.2%	$4.0B+419.2%	$775.0M+55.4%	$498.8M+103.4%	$245.2M+362.2%	$53.1M
Cash & Equivalents	$265.4M+331.6%	$61.5M-58.2%	$147.0M-19.9%	$183.7M+292.5%	$46.8M+197.9%	$15.7M-60.9%	$40.2M+6514.1%	$608K+37.6%	$442K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$8.9B+20.3%	$7.4B+11.4%	$6.7B+10.9%	$6.0B+97.4%	$3.1B+550.0%	$469.3M+40.9%	$333.0M+105.8%	$161.8M+582.3%	$23.7M
Total Equity	$2.8B+1.8%	$2.8B-0.9%	$2.8B+20.5%	$2.3B+138.1%	$973.3M+218.4%	$305.7M+84.4%	$165.8M+98.7%	$83.4M+184.4%	$29.3M
Retained Earnings	-$160.9M-40.8%	-$114.3M-58.6%	-$72.1M-635.8%	$13.4M+309.1%	$3.3M+82.4%	$1.8M+191.1%	$619K+532.9%	-$143K+23.5%	-$187K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$11.4B+5.1%	$11.7B+9.5%	$11.8B+15.3%	$11.0B+8.4%	$10.8B+1.4%	$10.6B+12.4%	$10.2B+7.8%	$10.2B+16.1%
Cash & Equivalents	$174.1M+59.9%	$154.6M+2.9%	$265.4M+331.6%	$342.6M+145.8%	$108.9M+58.7%	$150.3M+52.6%	$61.5M-58.2%	$139.4M-16.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$8.6B+6.2%	$8.9B+12.0%	$8.9B+20.3%	$8.3B+10.9%	$8.1B+3.3%	$7.9B+18.5%	$7.4B+11.4%	$7.4B+23.6%
Total Equity	$2.8B+2.1%	$2.8B+2.5%	$2.8B+1.8%	$2.8B+1.4%	$2.7B-3.7%	$2.7B-2.3%	$2.8B-0.9%	$2.8B-0.2%
Retained Earnings	-$198.7M-30.7%	-$166.6M-32.4%	-$160.9M-40.8%	-$146.0M-8.5%	-$152.0M-15.2%	-$125.8M-14.3%	-$114.3M-58.6%	-$134.6M-152.5%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

FSREM Cash Flow Statement

FSREM quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Operating Cash Flow	$199.7M	$190.6M-19.5%	$236.7M-7.8%	$256.8M+66.2%	$154.5M+300.5%	$38.6M+77.2%	$21.8M+96.7%	$11.1M+113.0%	$5.2M+797.8%	$579K
Depreciation & Amortization	N/A	$20.4M+32.5%	$15.4M+109.7%	$7.3M	$0	$0	N/A	N/A	N/A	N/A
Investing Cash Flow	-$842.8M	-$331.3M-13.6%	-$291.6M+48.5%	-$566.6M+85.4%	-$3.9B-22.7%	-$3.2B-833.9%	-$339.4M-92.2%	-$176.6M+7.5%	-$191.0M-283.1%	-$49.8M
Financing Cash Flow	$715.8M	$402.7M+464.3%	-$110.5M-130.3%	$364.3M-90.5%	$3.9B+20.4%	$3.2B+1143.1%	$257.3M+6.7%	$241.1M+29.6%	$185.9M+261.0%	$51.5M
Dividends Paid	$162.3M	$109.1M-0.7%	$109.9M+12.5%	$97.7M+74.1%	$56.1M+165.2%	$21.2M+96.3%	$10.8M+127.2%	$4.7M+285.4%	$1.2M+1458.2%	$79K
Share Buybacks	$444.1M	$492.7M-7.6%	$533.3M+40.8%	$378.8M+123.6%	$169.4M+674.4%	$21.9M-45.5%	$40.2M+39.4%	$28.8M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$58.8M+21.6%	$37.7M-3.6%	$45.6M-16.1%	$57.6M-12.0%	$48.3M-9.2%	$39.1M-38.6%	$54.3M-1.4%	$65.5M-20.1%
Depreciation & Amortization	$4.9M+13.2%	$11.6M+79.8%	$5.6M-25.4%	$4.0M-6.4%	$4.4M+137.8%	$6.5M+253.0%	$7.5M+1.7%	$4.3M
Investing Cash Flow	-$211.9M-551.5%	-$313.6M-414.7%	-$741.1M-540.4%	$423.8M-11.3%	$46.9M+109.7%	-$60.9M+63.8%	-$115.7M-55.5%	$477.8M+666.7%
Financing Cash Flow	$173.8M+229.1%	$116.0M+4.1%	$647.3M+1052.3%	-$221.4M+51.4%	-$134.7M-130.0%	$111.4M+409.8%	-$68.0M-212.5%	-$455.9M-1792.3%
Dividends Paid	$52.5M-1.4%	$28.1M+4.6%	$27.8M+3.1%	$53.9M-1.6%	$53.2M-2.9%	$26.8M-0.7%	$27.0M-0.7%	$54.8M+7.4%
Share Buybacks	$142.0M-23.7%	$122.5M-3.5%	$97.5M-41.0%	$82.1M-44.9%	$186.1M+64.9%	$127.0M+19.6%	$165.3M+57.5%	$149.0M+109.7%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.

FSREM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSREM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Net Margin	53.9%-2.0pp	55.9%+1.4pp	54.5%-13.1pp	67.7%-1.0pp	68.7%+0.6pp	68.1%	N/A	N/A	N/A
Return on Equity	6.0%-0.3pp	6.3%+0.9pp	5.4%-0.1pp	5.5%+1.3pp	4.1%-1.7pp	5.8%+0.3pp	5.5%+0.7pp	4.8%+4.0pp	0.8%
Return on Assets	1.4%-0.3pp	1.7%+0.1pp	1.6%+0.1pp	1.5%+0.5pp	1.0%-1.3pp	2.3%+0.5pp	1.8%+0.2pp	1.6%+1.2pp	0.4%
Debt-to-Equity	3.17+0.5x	2.69+0.3x	2.39-0.2x	2.60-0.5x	3.13+1.6x	1.53-0.5x	2.01+0.1x	1.94+1.1x	0.81
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.020.0x	0.010.0x	0.03	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	34.6%-8.8pp	51.1%-2.2pp	51.7%-15.2pp	63.0%+3.5pp	43.4%-6.4pp	53.3%+20.8pp	66.9%+25.6pp	59.5%-8.4pp
Return on Equity	0.7%-0.3pp	1.7%+0.2pp	1.4%-1.3pp	2.1%+0.2pp	1.0%-0.2pp	1.6%+1.0pp	2.7%+1.5pp	1.9%-0.1pp
Return on Assets	0.2%-0.1pp	0.4%0.0pp	0.3%-0.4pp	0.5%0.0pp	0.3%-0.1pp	0.4%+0.2pp	0.7%+0.4pp	0.5%-0.1pp
Debt-to-Equity	3.11+0.1x	3.17+0.3x	3.17+0.5x	2.95+0.3x	2.99+0.2x	2.90+0.5x	2.69+0.3x	2.70+0.5x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Where FS CR REAL EST INCOME M Ranks

Frequently Asked Questions

What is FS CR REAL EST INCOME M's annual revenue?

FS CR REAL EST INCOME M (FSREM) reported $315.4M in total revenue for fiscal year 2025. This represents a 0.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is FS CR REAL EST INCOME M's revenue growing?

FS CR REAL EST INCOME M (FSREM) revenue grew by 0.7% year-over-year, from $313.1M to $315.4M in fiscal year 2025.

Is FS CR REAL EST INCOME M profitable?

Yes, FS CR REAL EST INCOME M (FSREM) reported a net income of $169.9M in fiscal year 2025, with a net profit margin of 53.9%.

What is FS CR REAL EST INCOME M's net profit margin?

FS CR REAL EST INCOME M (FSREM) had a net profit margin of 53.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is FS CR REAL EST INCOME M's return on equity (ROE)?

FS CR REAL EST INCOME M (FSREM) has a return on equity of 6.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is FS CR REAL EST INCOME M's operating cash flow?

FS CR REAL EST INCOME M (FSREM) generated $190.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are FS CR REAL EST INCOME M's total assets?

FS CR REAL EST INCOME M (FSREM) had $11.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Does FS CR REAL EST INCOME M buy back shares?

Yes, FS CR REAL EST INCOME M (FSREM) spent $492.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is FS CR REAL EST INCOME M's debt-to-equity ratio?

FS CR REAL EST INCOME M (FSREM) had a debt-to-equity ratio of 3.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is FS CR REAL EST INCOME M's return on assets (ROA)?

FS CR REAL EST INCOME M (FSREM) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is FS CR REAL EST INCOME M's Piotroski F-Score?

FS CR REAL EST INCOME M (FSREM) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are FS CR REAL EST INCOME M's earnings high quality?

FS CR REAL EST INCOME M (FSREM) has an earnings quality ratio of 1.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.