Every 424B that FS CR REAL EST INCOME I (FSREI) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow FSREI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FSREI filings page.
FS Credit Real Estate Income Trust, Inc. (FSREI) is offering on a continuous basis up to $2.5 billion of common stock: up to $2.25 billion in the primary offering and up to $250 million through its distribution reinvestment plan. As of October 16, 2026, it had sold 8,085,222 primary-offering shares for $199.53 million and 1,428,086 reinvestment-plan shares with a total value of $34.72 million. The November 1 transaction prices equal September 30 NAV per share: Class S $24.4325, T $24.1626, D $24.2201, M $24.2905, I $23.5219, F $24.8216 and Y $23.5052.
Total NAV was $3,006.055 million across 125,047,435 outstanding shares as of September 30, 2026. September returns were negative across all share classes; the year-to-date return was 3.95% through September 30. Nonaccrual debt investments were 7.48% of the total debt portfolio as of September 30, including two multifamily loans placed on non-accrual during September. The company closed on a $245.1 million senior loan secured by office/R&D properties and developable land in Rancho Bernardo, a San Diego office submarket.
FS Credit Real Estate Income Trust, Inc. (FSREI) updates its continuous public offering by setting the October 1, 2026 transaction price for each share class equal to its August 31, 2026 NAV per share, ranging from $23.76 (Class I) to $25.06 (Class F). Total net asset value was $3.06 billion across 125.99 million shares, supported primarily by $8.22 billion of loans receivable and modest cash and securities, net of secured financing.
The portfolio produced positive total returns in August 2026 across all classes and has recorded positive total returns in 101 of 103 months, with an annualized distribution rate of 7.47% for Class I shares, implying a tax-equivalent rate of 8.35% for certain investors. Nonaccrual assets represented 2.36% of the debt portfolio, and approximately 96% of borrowings are financed through matched-term facilities.
The trust highlights an approximately $9.9 billion geographically diversified portfolio, recent origination of two senior loans totaling about $214 million, and full satisfaction of August repurchase requests. The supplement also clarifies that the adviser may adjust third-party valuations in good faith when it believes they do not reflect fair value, subject to documentation and board notification.
FS Credit Real Estate Income Trust, Inc. is a non-traded REIT conducting a continuous public offering of Class T, S, D, M and I shares and a DRIP-only offering of Class F and Y shares. For subscriptions as of September 1, 2026, the transaction price per share equals the July 31, 2026 NAV for each class, including $24.7092 (Class S), $24.4460 (Class T), $24.5025 (Class D), $24.5731 (Class M), $23.7907 (Class I), $25.0927 (Class F) and $23.7768 (Class Y). Total NAV was $3.00 billion across 123.39 million shares, supported primarily by $8.17 billion of loans receivable and $0.84 billion of real estate, funded largely with collateralized loan obligations, repurchase agreements and credit facilities.
In July 2026, FS Credit REIT generated positive total returns for all share classes (Class I 0.41%, Class S/T 0.31%, Class D/M 0.36%, Class F/Y 0.51%) and has achieved 76 consecutive months of positive total returns, with 100 positive months out of 102 and a largest monthly drawdown of -0.27%. Current annualized distribution rates based on the September 1 prices are 6.31%–7.46% for Classes S/T/D/M/I and 8.30%–8.78% for Classes F/Y, with tax-equivalent rates higher due to the REIT dividend deduction. Assets on nonaccrual were 3.07% of the debt portfolio, and the portfolio totals approximately $9.7 billion, primarily private senior loans. As of June 30, 2026, total assets were $11.38 billion, liabilities $8.61 billion and stockholders’ equity $2.77 billion.
FS Credit Real Estate Income Trust, Inc. reports June 30, 2026 net asset value of $2.97 billion, or class-specific NAV per share ranging from $23.84 (Class I) to $25.14 (Class F), which also set the August 1, 2026 transaction prices for subscriptions and repurchases.
The portfolio totals roughly $9.9 billion of commercial real estate-related investments, with assets on nonaccrual at 3.00% of the debt portfolio. Current annualized distribution rates, based on the August 1 prices, include 7.44% for Class I and 6.30% for Class S, with higher tax-equivalent yields for eligible investors. In June the trust closed two new loans totaling $594.2 million and subsequently sold a portion of one, and met 100% of share repurchase requests. A Capital One repurchase facility was amended to increase capacity to $750.0 million and extend availability, and the continuous public offering authorizes up to $2.5 billion of common stock, of which about $61.86 million has been issued to date.
FS Credit Real Estate Income Trust, Inc. filed a Prospectus Supplement updating its July 1, 2026 transaction prices, disclosing the May 31, 2026 NAV calculation and providing a market, performance and portfolio update. The supplement lists NAV per share by class (e.g., Class I $23.8603, Class S $24.7792) and shows total NAV of $2,965,570,000 based on 121,554,780 outstanding shares. The supplement reports portfolio size of approximately $9.5 billion, non-accruals at 3.18% of the portfolio, closed two new loans totaling $172.2 million, and the current annualized distribution rates by class (for example, Class I 7.44%) calculated using the July 1, 2026 transaction prices.
FS Credit Real Estate Income Trust, Inc. filed a prospectus supplement updating its May 31, 2026 net asset value (NAV) and setting the transaction price for each share class effective July 1, 2026. Total NAV is $2,965,570 (dollar amounts stated in thousands) with 121,554,780 outstanding shares. The supplement lists per-class transaction prices equal to each class's NAV per share as of May 31, 2026 and discloses portfolio and market updates, including $172.2 million of loans closed in May and 3.18% of assets on non-accrual as of May 31, 2026. The supplement also adds a Minnesota suitability limit and replaces the subscription agreement in Appendix A.
FS Credit Real Estate Income Trust, Inc. is registering up to $2,500,000,000 of common stock, consisting of a $2,250,000,000 primary offering and $250,000,000 under its distribution reinvestment plan.
The company is a perpetual-life, non‑listed REIT that invests primarily in senior, floating‑rate commercial real estate loans. Shares are sold monthly at a transaction price generally equal to the prior month’s NAV per class plus selling commissions and dealer manager fees. As of March 31, 2026, the company reported approximately $11.7 billion of assets. The offering is on a best efforts basis and includes multiple share classes with differing upfront and ongoing fees; June 1, 2026 transaction prices are shown for each class in the prospectus.
FS Credit Real Estate Income Trust, Inc. amends its prospectus to reallocate offering capacity between its primary offering and its distribution reinvestment plan. Effective May 27, 2026, $15,000,000 in unissued shares are moved from the primary offering to the distribution reinvestment plan, revising the caps to $2,385,000,000 for the primary offering and $365,000,000 for the distribution reinvestment plan, from an aggregate program cap of $2,750,000,000.
FS Credit Real Estate Income Trust, Inc. filed a Supplement dated May 14, 2026 that updates offering and portfolio information. It discloses the June 1, 2026 transaction price for each share class, which equals each class’s April 30, 2026 NAV per share, and provides a detailed NAV rollforward and market update.
The Supplement reports total NAV of $2,977,203 (dollars in thousands) and 121,959,556 outstanding shares as of April 30, 2026, a breakdown of NAV by class and per-share NAVs, recent originations of approximately $360,000,000 across three loans in April, and updates to financing facilities and the continuous public offering (issued/sold proceeds of $1.89B in the primary offering and $354.33M via DRIP).
FS Credit Real Estate Income Trust, Inc. (FSREI) files a prospectus supplement disclosing the May 1, 2026 transaction price for each share class and the March 31, 2026 NAV calculation. Aggregate NAV is reported as $2,979,297 (dollar amounts shown in thousands) across 122,013,228 outstanding shares.
The supplement updates market and portfolio activity, including $184.8 million of closed originations in March, a 3.10% nonaccrual level, continuous offering capacity of up to $2.75 billion (up to $2.4 billion primary and $350 million via the distribution reinvestment plan), and March repurchases where 100% of timely requests were satisfied.
FS Credit Real Estate Income Trust, Inc. filed a Supplement to its Prospectus updating the May 1, 2026 transaction price (equal to NAV per share as of March 31, 2026) for each share class and providing a detailed NAV calculation. Total NAV was $2,979,297 (thousands) on March 31, 2026 across 122,013,228 outstanding shares. The Supplement discloses portfolio and market commentary, two March originations totaling approximately $184.8 million, a 3.10% nonaccrual ratio, continuous offering progress (approximately $1.88 billion primary proceeds and $345.85 million DRIP proceeds issued to date), and that the REIT met 100% of repurchase requests in March after board authorization to exceed a 2% monthly repurchase limit.
FS Credit Real Estate Income Trust, Inc. filed a Supplement dated April 16, 2026 that updates its May 1, 2026 transaction prices and discloses the March 31, 2026 NAV calculations used to price its continuous public offering. The Supplement lists NAV by share class, a $2,979,297 total NAV figure (dollar amounts shown in thousands) and 122,013,228 outstanding shares as of March 31, 2026. It reports month-end transaction prices per class, portfolio activity including two loan originations totaling $184.8 million, assets on nonaccrual of 3.10%, and that the offering program is available up to $2.75 billion (up to $2.4 billion primary and $350 million via the distribution reinvestment plan). The board authorized repurchases to satisfy 100% of March repurchase requests despite a monthly 2% limit.
FS Credit Real Estate Income Trust, Inc. supplements its April 11, 2025 prospectus to disclose the April 1, 2026 transaction price for each share class, which the company states equals each class’s NAV per share as of February 28, 2026.
The NAV per share by class as of February 28, 2026 is: Class S $24.7999, Class T $24.5422, Class D $24.5953, Class M $24.6633, Class I $23.8813, Class F $25.1536, and Class Y $23.8657. Total NAV was $3,009,441 (in thousands) on February 28, 2026 with 123,252,456 shares outstanding.
The supplement also provides a market and performance update, notes a modest NAV decline (~$0.04 per share) in February, highlights recent originations (~$294.4 million in five loans closed in February), reports assets and leverage details, confirms satisfaction of February repurchase requests, and attaches the company’s Form 10-K for the year ended December 31, 2025.
FS Credit Real Estate Income Trust updated investors on pricing, performance and financing. As of January 31, 2026, net asset value (NAV) was $3,019,872,000 across 123,478,331 shares, with class NAVs per share ranging from $23.9072 to $25.1936. March 1, 2026 transaction prices equal these NAVs, before any upfront commissions and fees.
The trust has recorded 70 consecutive months of positive total returns, though February 2026 distributions were reduced by about 30 bps to support long-term sustainability. Based on January 31 NAVs, annualized distribution rates range from 6.28% to 8.73%, with higher tax-equivalent rates due to the REIT dividend deduction.
Management highlighted a $9.4 billion portfolio, 2.21% of which is on nonaccrual, and closed $149.6 million in new originations in January 2026 and approximately $2.4 billion across 34 loans in 2025. They met 100% of January repurchase requests.
The company also completed a new collateralized loan obligation on February 10, 2026 through FS Rialto 2026‑FL11 Issuer, LLC, issuing multiple note classes including $600,098,000 of Class A Notes rated AAAsf / AAA(sf) that mature in January 2044. Proceeds financed an initial collateral portfolio and refinanced certain prior facilities, while junior and equity tranches were retained within the corporate structure. The CLO is expected to generate taxable mortgage pool income, which the company intends to tax at the corporate level rather than distribute.
The continuous public offering remains open for up to $2.75 billion. As of this supplement, the trust has issued 73,672,340 primary shares for $1.82 billion in proceeds and 13,338,675 reinvested shares valued at $328.68 million.
FS Credit Real Estate Income Trust set its February 1, 2026 transaction price equal to December 31, 2025 NAV per share, ranging from $23.9138 to $25.1960 across share classes. Total net asset value was $3.015 billion on 123,231,011 outstanding shares, supported mainly by $7.84 billion of loans receivable and $682.6 million of real estate investments.
The trust reported approximately $0.02 per share NAV decline in December but has delivered 69 consecutive months of positive total returns. The board approved a 30 bps reduction in the distribution rate across all classes starting with the February 27, 2026 payment, resulting in annualized distribution rates such as 7.42% for Class I and 6.28% for Class S based on December 31, 2025 NAVs. In 2025 it closed 34 loans totaling about $2.4 billion, with assets on nonaccrual at 2.65% of the debt portfolio and new or expanded financing facilities, including an NTX‑1 repurchase facility up to $200 million with an option to increase to $400 million.
FS Credit Real Estate Income Trust, Inc. released a supplement updating investors on pricing, performance, portfolio activity and financing. The transaction price for subscriptions on January 2, 2026 equals the November 30, 2025 NAV per share, including $24.8627 for Class S and $23.9470 for Class I. Total net asset value was $3,013,838,000 with 123,096,434 shares outstanding as of November 30, 2025. The trust reported positive total returns for all share classes in November and has achieved 68 consecutive months of positive total returns, meeting 100% of repurchase requests. Current annualized distribution rates based on the January 1, 2026 transaction price include 7.71% for Class I and between roughly 6.57%–7.19% for the other listed classes. The portfolio totals about $8.7 billion, is heavily weighted to senior loans, and had 3.56% of assets on nonaccrual as of November 30, 2025. The trust also added or amended two repurchase facilities, each with up to $350 million of commitments, and updated offering status and investor suitability standards.