FS Credit Real Estate Income Trust, Inc. director acquired additional shares of the company’s Class I common stock. On 12/01/2025, the reporting person purchased 782.708 Class I common shares at a price of $23.9553 per share. Following this transaction, the director beneficially owns 9,789.005 Class I common shares in direct ownership. The filing was made on Form 4 for a single reporting person and reflects an increase in the director’s personal equity stake in FS Credit Real Estate Income Trust, Inc.
FS Credit Real Estate Income Trust, Inc. director Willam Hankowsky reported a small purchase of the company’s Class I common stock. On 12/01/2025, he acquired 782.708 shares of Class I common stock at a price of $23.9553 per share in a transaction classified as an acquisition. Following this transaction, he directly owns a total of 4,668.036 shares of Class I common stock.
FS Credit Real Estate Income Trust, Inc. reported an insider share acquisition by one of its directors. On 12/01/2025, the director acquired 913.159 shares of Class I Common Stock in an open-market or similar transaction coded as an acquisition. The reported purchase price was $23.9553 per share. After this transaction, the director beneficially owns 16,117.301 shares of the company’s Class I Common Stock, held in direct ownership form. This filing reflects a change in insider holdings rather than a corporate-level financing or strategic transaction.
FS Credit Real Estate Income Trust, Inc. entered into a new Master Repurchase and Securities Contract Agreement through its special-purpose subsidiary FS CREIT Finance CO-1 LLC with Capital One, National Association. The CO-1 Facility provides aggregate purchase price commitments of up to $350,000,000, with optional increases up to $500,000,000 at the buyer’s discretion, to finance performing senior commercial and multifamily mortgage loans, A-notes, pari passu participations and mezzanine loans.
The facility’s availability period runs through November 19, 2026, with two one-year extension options and a potential term-out feature tied to the maturity of remaining assets. FS CREIT provided a Guaranty that can become full recourse upon certain events, including specified bankruptcy actions. Covenants require minimum liquidity of at least $15,000,000 or 5% of the CO-1 Facility balance, an EBITDA-to-interest ratio of at least 1.40x, and a total debt-to-tangible net worth ratio not exceeding 3.50x.
FS Credit Real Estate Income Trust, Inc. reported Q3 2025 results showing higher profitability alongside a shifting funding mix. Net income was $59,842 (in thousands), up from $52,103 a year ago, with basic EPS of $0.49 and diluted EPS of $0.48. Net interest income declined to $66,328 (in thousands) from $76,540 as lower interest income outpaced reduced interest expense. Credit loss expense, net, increased to $15,794 (in thousands) versus $5,190 in the prior-year quarter.
Total assets were $11,049,827 (in thousands) at September 30, 2025, up from $10,202,447 at year-end, driven in part by mortgage loans held in securitization trusts at fair value of $2,652,390 (in thousands). Cash and cash equivalents rose to $342,641 (in thousands). On the liability side, collateralized loan obligations, net, decreased to $3,089,733 (in thousands) while repurchase agreements payable, net, increased to $1,611,146 (in thousands). Stockholders’ equity was $2,798,175 (in thousands). As of November 7, 2025, outstanding shares included 67,876,316 Class S and 50,101,699 Class I, among other classes.
FS Credit Real Estate Income Trust amended its MM-1 credit facility. The Fourth Amendment increases the maximum facility amount to $1,500,000,000, reduces the applicable spread to 2.05%, and extends the scheduled maturity to September 17, 2034. The facility also now provides for the financing of certain real estate owned assets.
The borrower is FS CREIT Finance MM-1 LLC, with Wells Fargo Bank as administrative agent and Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company as lenders. The Company entered into a Guaranty Agreement under which it guarantees certain obligations; on any date of determination, the maximum payable equals 25% of advances outstanding attributable to the real estate owned assets as of the date remedies are first exercised or a claim is made.
FS Credit Real Estate Income Trust, Inc. entered into a Master Repurchase Agreement with JP Morgan Chase Bank to finance eligible commercial real estate loans and related interests. The JP-1 Facility provides up to $612,312,452.79 in financing.
Assets financed under the facility must be repurchased no later than October 15, 2030, or earlier if the asset matures sooner. FS CREIT delivered a Guaranty that may become full recourse upon certain events, including the commencement of certain bankruptcy actions involving FS CREIT or its financing subsidiary.
Covenants require an EBITDA-to-interest expense ratio of at least 1.40 to 1.00, total indebtedness to tangible net worth not exceeding 3.50 to 1.00, and minimum liquidity of the greater of $15,000,000 or 5% of the facility’s outstanding amount. Pricing accrues at a fixed spread over Term SOFR with asset-specific advance rates.
FS Credit Real Estate Income Trust, Inc. reported that its indirect subsidiary, FS CREIT Finance MS-1 LLC, executed a First Amendment to its Master Repurchase and Securities Contract Agreement with Morgan Stanley N.A.
The amendment extends the facility termination date from October 13, 2025 to November 12, 2025. The company also noted this relates to a direct financial obligation under Item 2.03. The amendment agreement is filed as Exhibit 2.1 and incorporated by reference.
Michael C. Forman, President & CEO and a director of FS Credit Real Estate Income Trust, Inc., reported a transaction dated 09/30/2025 disposing of 66,310.453 shares of Class I Common Stock at a price of $24.0365, leaving 0 Class I shares reported as beneficially owned following that disposal. The Form 4 is signed on 10/02/2025.
The filing also reports indirect holdings through affiliated entities: 2,506.828 Class T shares, 413.861 Class M shares, and 412.313 Class S shares held via related vehicles. In addition, 1,341,153.73 Class I Restricted Stock Units are reported as indirectly beneficially owned by Franklin Square Holdings, L.P., which per the filing are payable to the adviser as a 1.0% net asset value administrative fee (paid in Class I RSUs and split 50/50 with Rialto Capital Management LLC) and are subject to time-based vesting and exchange into Class I common stock.