Welcome to our dedicated page for FS Credit Real Estate Income Mutual Fund Class M SEC filings (Ticker: FSREM), 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.
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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. provides a 2025 annual overview as a non-traded REIT focused on senior loans secured by U.S. commercial real estate. The loans receivable portfolio totaled $7,764,337 net as of December 31, 2025, up from $7,402,810 a year earlier.
Multifamily properties accounted for $4,250,284 or 54% of net book value, with additional exposure to hospitality, office, industrial, mixed-use and retail. The South region represented 46% of net book value. A CECL reserve of $77,270 was recorded against loans receivable.
The company funds growth through ongoing public and private offerings and multiple financing lines. As of December 31, 2025, it had approximately $6,384,970 outstanding across collateralized loan obligations, repurchase agreements, revolving credit facilities and a mortgage loan, secured by collateral with a carrying amount of $7,855,722.
FS Credit Real Estate Income Trust, Inc. director William P. Hankowsky reported an acquisition of Class I Common Stock through a grant or award. He received 783.7940 shares on March 2, 2026 at a price of $23.9221 per share. Following this award, his direct holdings in Class I Common Stock increased to 5,451.8300 shares.
Connors Terence J reported acquisition or exercise transactions in this Form 4 filing.
FS Credit Real Estate Income Trust, Inc. director Terence J. Connors received an award of 914 shares of Class I common stock at $23.92 per share. After this grant, he directly holds 17,032 shares. This filing records an equity-based compensation grant rather than an open-market purchase.
BROWN JAMES W reported acquisition or exercise transactions in this Form 4 filing.
FS Credit Real Estate Income Trust, Inc. director James W. Brown received a grant of 836.047 shares of Class I Common Stock on March 2, 2026, as a stock award rather than an open-market purchase, at a reported price of $23.9221 per share. Following this award, his directly held stake in this class increased to 13,435.294 shares.
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, 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.