Home News FS Credit REIT Posts Monthly NAV Per Share and Portfolio Update

FS Credit REIT Posts Monthly NAV Per Share and 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 June 30, 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 June 30, 2021.

Class S shares had an NAV per share of $25.25, compared to $25.27 per share the previous month.

Class T shares had an NAV per share of $25.04, compared to $25.05 per share the previous month.

Class D shares had an NAV per share of $25.07, compared to $25.09 per share the previous month.

Class M shares had an NAV per share of $25.13, compared to $25.15 per share the previous month.

Class I shares had an NAV per share of $24.51, compared to $24.53 per share the previous month.

Class F shares had an NAV per share of $25.06, compared to $25.09 per share the previous month.

Class Y shares had an NAV per share of $24.47, compared to $24.49 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 a filing with the Securities and Exchange Commission, the REIT said that investment activity in June was “strong,” and it closed on $263 million in new loan originations.

Multifamily and industrial represented 58.8 percent of the portfolio as of June 30, 2021, while hospitality and retail comprised 8.1 percent.

“The pipeline for new deal activity in July remains strong, backed by a diverse mix of what we believe to be COVID-resilient properties,” the REIT stated. “Additionally, the short-term nature of our typical loan allows us to regularly adjust the portfolio to current market conditions. As of June 30, 2021, approximately 71 percent of our portfolio consisted of investments sourced after July 2020.”

FS Credit REIT invests primarily in floating rate senior loans secured by commercial real estate properties. The REIT is advised by FS Real Estate Advisor LLC and sub-advised by Rialto Capital Management LLC.

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