Home News FS Credit REIT Declares Monthly NAV Per Share, Provides Portfolio Update

FS Credit REIT Declares Monthly NAV Per Share, Provides Portfolio Update

FS Credit Real Estate Income Trust Inc., a monthly NAV REIT sponsored by FS Investments, has declared a monthly net asset value per share as of January 31, 2021.

FS Credit Real Estate Income Trust Inc., a monthly NAV REIT sponsored by FS Investments, has declared a monthly net asset value per share as of January 31, 2021.

  • Class S shares had an NAV per share of $25.33 as of January 31, 2021, compared to $25.34 per share the previous month.
  • Class T shares had an NAV per share of $25.12, compared to $25.13 per share the previous month.
  • Class D shares had an NAV per share of $25.15, compared to $25.16 per share the previous month.
  • Class M shares had an NAV per share of $25.21 compared to $25.22 per share the previous month.
  • Class I shares had an NAV per share of $24.61, compared to $24.62 per share the previous month.
  • Class F shares had an NAV per share of $25.09, compared to $25.10 per share the previous month.
  • Class Y shares had an NAV per share of $24.64, compared to $24.66 per share the previous month.

*Dollar amounts have been rounded to the nearest cent.

Class S shares are available through brokerage and transactional-based accounts, while Class D, Class M and Class I shares are generally available through fee-based programs. Class I shares are available for purchase by endowments, foundations, pension funds and other institutional investors. Class F and Class Y shares were offered via private offerings and are only available in the public offering through the distribution reinvestment plan.

In January, FS Credit REIT closed on two new loan originations totaling $36.2 million. One of the originations is collateralized by a low-rise, Class A office property located in a low-density area adjacent to a major highway in Orange County, California and the other is collateralized by a newly-built self-storage property in Philadelphia. There were no paydowns during January 2021, the company said.

As of January 31, 2021, the REIT had not recorded any impairments or non-accruals in its loan portfolio, which was 98 percent was current.

FS Credit REIT invests primarily in floating rate senior loans secured by commercial real estate properties and had an investment portfolio of 31 loans with a net book value of $599 million, as of September 30, 2020. The REIT, which is advised by FS Real Estate Advisor LLC and sub-advised by Rialto Capital Management LLC, raised $275 million in investor equity as of September 2020. FS Credit REIT registered a $2.75 billion follow-on offering in August 2020.

For more FS Investments news, visit their directory page.