FS Credit Real Estate Income Trust Inc., a monthly NAV REIT sponsored by FS Investments, announced that the company’s adviser has recommended to the board of directors that distribution amounts increase in December 2022 for each of the company’s share classes.
The company estimated that the annualized distribution rate will be approximately 7.00% for Class I shares (currently 6.64%), 6.50% for Class D shares (currently 6.19%), 6.50% for Class M shares (currently 6.17%), 6.00% for Class S shares (currently 5.59%) and 6.00% for Class T shares (currently 5.64%) based on the anticipated December 2022 distribution and the November 1, 2022, transaction price.
The company said that its adviser and the board of directors will continue to evaluate the company’s distributions based on its earnings power, market conditions and the potential impact of interest rates on the portfolio.
In August 2022, FS Credit REIT reported the completion of their first real property acquisition.
FS Credit REIT invests primarily in floating rate senior loans secured by commercial real estate properties. The REIT launched in September 2017 and has raised $2.1 billion in its public offerings as of June 2022.