Skip to content
The DI Wire
Click Here to Subscribe to Our Free Daily News Updates

FS Credit REIT Continues to Generate Positive Returns

FS Credit REIT Continues to Generate Positive Returns. FS Investments, FS Credit REIT, alternative investments, NAV, net asset value

FS Credit Real Estate Income Trust Inc., a monthly net asset value real estate investment trust sponsored by FS Investments, generated positive returns across all share classes again in January, upholding the trend for 71 out of the last 73 months.

The REIT believes its $8.5 billion portfolio continues to be “well-positioned to deliver an attractive, high level of income and preserve capital,” in part because of its geographically diversified composition, weighted to multifamily properties.

Its declared monthly NAV per share as of Jan. 31, 2024, was as follows:

Class S shares had an NAV per share of $25.06 as of Jan. 31, 2024, compared to $25.04 per share the previous month, a 0.08% increase.

Class T shares had an NAV per share of $24.83, compared to $24.80 per share the previous month, a 0.12% increase.

Class D shares had an NAV per share of $24.88, compared to $24.85 per share the previous month, a 0.12% increase.

Class M shares had an NAV per share of $24.93, compared to $24.90 per share the previous month, a 0.12% increase.

Class I shares had an NAV per share of $24.19, compared to $24.17 per share the previous month, a 0.08% increase.

Class F shares had an NAV per share of $25.22, compared to $25.17 per share the previous month, a 0.2% increase.

Class Y shares had an NAV per share of $24.15, compared to $24.14 per share the previous month, a 0.04% increase.

The REIT noted that it met 100% of repurchase requests tendered in January, and highlighted the long-term nature of its borrowings, as approximately 95% are financed through match-term, non-mark-to-market facilities.

The number of shares outstanding totaled 121.8 million as of Jan. 31, 2024, compared to 120.6 million the previous month. The company’s total net asset value equaled approximately $3.01 billion at month’s end.

FS Credit REIT invests primarily in floating rate senior loans secured by commercial real estate properties. The REIT is currently offering up to $2.75 billion in shares of common stock on a continuous basis and has received gross offering proceeds of approximately $1.1 billion as of Feb. 14, 2024.

For more FS Investments news, please visit their directory page.