Welcome to our dedicated page for FS Credit Real Estate Income Trust SEC filings (Ticker: FSREI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on FS Credit Real Estate Income Trust's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time SEC filing updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into FS Credit Real Estate Income Trust's regulatory disclosures and financial reporting.
FS Credit Real Estate Income Trust, Inc. director Karen Dougherty Buchholz reported an equity award of Class I Common Stock. She acquired 940.5530 shares on March 2, 2026 at a stated price of $23.9221 per share as a grant, award, or other acquisition, not an open-market purchase. Following this transaction, her directly held Class I Common Stock position increased to 17,670.6820 shares.
FS Credit Real Estate Income Trust, Inc. director John A. Fry reported an acquisition of Class I Common Stock. On March 2, 2026, he received a grant or award of 940.553 Class I Common Stock shares at a reported price of $23.9221 per share. After this award, his directly held position in this class increased to 16,465.845 shares.
FS Credit Real Estate Income Trust, Inc. director Ryan Boyer reported an equity award of Class I Common Stock. He acquired 940.5530 shares on March 2, 2026 at a reported price of $23.9221 per share as a grant, award, or other acquisition. After this transaction, his directly held position increased to 14349.6770 shares of Class I Common Stock.
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, Inc. entered into a major financing by issuing a new collateralized loan obligation through its FS Rialto 2026-FL11 structure. The CLO issuer sold six classes of offered notes, including Class A Notes with a principal balance of $600,098,000, representing 58.000% of the aggregate principal balance of all notes, and several mezzanine tranches rated down to BBB(low)(sf).
Additional subordinated Classes F, G and equity-like Class H Notes, totaling tens of millions of dollars, were acquired and retained by an indirect wholly owned subsidiary. The secured notes are backed by commercial mortgage loans and related interests and are scheduled to mature at par in January 2044, with a reinvestment period through the payment date in February 2029.
The structure includes note protection tests requiring a minimum par value ratio of 110.58% and minimum interest coverage of 120.00%, which can redirect interest cash flow to redeem senior notes if breached. The CLO is expected to be a taxable mortgage pool that generates excess inclusion income; the company currently intends to pay corporate income tax on that income rather than distribute it to stockholders, but acknowledges uncertainty in how such income will be computed and notes transfer restrictions needed to preserve qualified REIT subsidiary status.
FS Credit Real Estate Income Trust, Inc. reported that its board, following the adviser’s recommendation, approved a reduction in the monthly distribution on its common stock starting with the distribution to holders of record on February 26, 2026. The February distribution, payable on February 27, 2026, will be $0.1479 per Class I share, $0.1415 per Class D and Class M share, $0.1300 per Class S and Class T share, $0.1736 per Class F share and $0.1739 per Class Y share.
Based on these February amounts and net asset values as of December 31, 2025, the annualized distribution rates are 7.42% for Class I, 6.89% for Class D, 6.87% for Class M, 6.28% for Class S, 6.34% for Class T, 8.27% for Class F and 8.73% for Class Y. The adviser and board plan to continue evaluating the distribution level in light of interest rates, leverage, capital flows and portfolio activity, and future distributions remain at the board’s discretion.
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. reported an insider equity award linked to President & CEO Michael C. Forman through affiliated entities. On January 13, 2026, Franklin Square Holdings, LP, an entity associated with him, acquired 156,595.816 Class I Restricted Stock Units at $0 per unit as compensation. Following this award, Franklin Square Holdings, LP indirectly holds 1,667,039.568 Class I Restricted Stock Units.
The RSUs are issued as an administrative services fee equal to 1.0% of the company’s net asset value per year, payable quarterly in Class I RSUs under an advisory agreement, with the fee split 50/50 between the adviser and Rialto Capital Management LLC. Affiliated vehicle FSH Seed Capital Vehicle I LLC also indirectly holds 2,506.828 Class T, 413.861 Class M, and 412.313 Class S Common Stock, and the reporting person disclaims beneficial ownership beyond his pecuniary interest.
FS Credit Real Estate Income Trust, Inc. director Jeffrey P. Krasnoff reported indirect ownership changes tied to advisory compensation. An entity associated with him, Rialto Capital Management, LLC, acquired 156,595.816 Class I Restricted Stock Units on January 13, 2026 at a stated price of $0, increasing its beneficially owned derivative securities to 1,890,150.512 Class I Restricted Stock Units. These units are issued under an advisory arrangement where the company pays a 1.0% per annum administrative services fee on net asset value in Class I Restricted Stock Units, split 50/50 between the adviser and Rialto Capital Management, LLC.
Following the reported transactions, Rialto Capital Management, LLC held 476,183.442 Class I Common Shares indirectly for Krasnoff, while JTK RCM, LLC, which is jointly owned by Krasnoff and his spouse, held 22,702.351 Class I Common Shares and 38,079.649 Class F Common Shares. The filing notes that Krasnoff disclaims beneficial ownership of any shares held by Rialto that exceed his pecuniary interest.
FS Credit Real Estate Income Trust, Inc. entered into a Third Amendment to its Master Repurchase and Securities Contract Agreement through its indirect financing subsidiary FS CREIT Finance NTX-1 LLC. The amended NTX-1 facility with Natixis, New York Branch increases the maximum facility amount to $200,000,000, with an option to raise it to $400,000,000, giving the company greater borrowing capacity for its real estate credit activities.
The amendment also extends the reinvestment period to December 29, 2027 and pushes the facility termination date to December 29, 2029, lengthening the term of this financing arrangement. In connection with this amendment, FS Credit Real Estate Income Trust, Inc. reaffirmed its guarantee of the NTX-1 facility.