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. registers up to $2,750,000,000 in shares of common stock. The registration covers a continuous public offering consisting of up to $2,400,000,000 in a primary offering and up to $350,000,000 pursuant to a distribution reinvestment plan.
The prospectus states per-share transaction prices as of April 1, 2026 (e.g., Class T $25.40, Class S $25.67, Class I $24.88), with the transaction price equal to each class’s NAV as of February 28, 2026 plus applicable upfront fees. As of December 31, 2025, the company reported approximately $11.8B of assets, primarily senior floating-rate loans secured by commercial real estate. The offering is on a best efforts continuous basis and includes monthly pricing, suitability limits, a share repurchase plan with monthly and quarterly caps, and various class-specific selling and servicing fees.
FS Credit Real Estate Income Trust, Inc. is holding its annual stockholder meeting on July 1, 2026 at its Philadelphia offices to elect ten directors to one-year terms. Stockholders of record at the close of business on April 2, 2026, when 123,474,418 common shares were outstanding, may vote.
The board is majority independent, with an audit committee of three independent directors and a lead independent director. Executive officers receive no direct pay from the company; they are compensated by the external adviser, FS Real Estate Advisor, under an advisory agreement that includes a 1.25% of NAV base management fee, a 1.0% of NAV administrative services fee and a 10% performance fee above a 6.5% annual Core Earnings hurdle. Independent directors receive cash retainers and restricted Class I shares under a restricted share plan.
FS Credit Real Estate Income Trust, Inc. director Jeffrey P. Krasnoff reported indirect acquisitions linked to advisory compensation arrangements. An entity associated with him, Rialto Capital Management, LLC, received 157,026.628 Class I Restricted Stock Units at 23.8813 per unit and 68,231.184 Class I Common shares at 23.8813 per share as grant or award-type acquisitions. The RSUs are issuable into Class I Common Stock and are subject to time-based vesting under a Class I Restricted Stock Unit Agreement. The administrative services fee that drives these awards equals 1.0% of the company’s net asset value per year, is paid quarterly in Class I RSUs, and is split equally between the Adviser and Rialto Capital Management, LLC. Separately, another entity jointly owned by the reporting person and his spouse, JTK RCM, LLC, is shown holding 23,131.990 Class I Common shares and 38,882.317 Class F Common shares. All positions are reported as indirect ownership, and some shares include amounts received through reinvested distributions. The reporting person disclaims beneficial ownership of any Rialto-held shares beyond his pecuniary interest.
Forman Michael C. reported acquisition or exercise transactions in this Form 4 filing.
FS Credit Real Estate Income Trust, Inc. reported that an entity associated with President & CEO Michael C. Forman, Franklin Square Holdings, L.P., received a grant of 157,026.628 Class I Restricted Stock Units and 68,231.184 Class I Common shares on April 1, 2026 as compensation.
Under the advisory arrangement, the company pays an administrative services fee equal to 1.0% of net asset value per year, payable quarterly in Class I Restricted Stock Units, split 50/50 between the adviser and Rialto Capital Management LLC. These units are exchangeable into Class I Common Stock subject to time-based vesting.
The filing also lists indirect holdings of Class T, Class M, and Class S Common Stock through FSH Seed Capital Vehicle I LLC. Forman disclaims beneficial ownership of shares held by related entities beyond his pecuniary interest.
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, Inc. filed Post-Effective Amendment No. 8 to its Registration Statement on Form S-11 (Registration No. 333-264628) on March 17, 2026 pursuant to Rule 462(d) to add exhibits. The amendment lists multiple amended and restated master repurchase agreements, guaranty agreements, a February 10, 2026 indenture, and the consent of Ernst & Young LLP.
The amendment is limited to exhibits and does not restate prospectus disclosure; it is filed to include agreements (repurchase agreements, guaranties, loan and servicing amendment and an indenture) by reference to previously filed Form 8-Ks and a Form 10-Q.