FS Credit REIT Posts Monthly NAV Per Share, Surpasses $2 Billion in Assets in July

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 July 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 July 31, 2021.

Class S shares had an NAV per share of $25.2473, compared to $25.2524 per share the previous month.

Class T shares had an NAV per share of $25.0270, compared to $25.0347 per share the previous month.

Class D shares had an NAV per share of $25.0588, compared to $25.0654 per share the previous month.

Class M shares had an NAV per share of $25.1178, compared to $25.1245 per share the previous month.

Class I shares had an NAV per share of $24.5021, compared to $24.5087 per share the previous month.

Class F shares had an NAV per share of $25.0581, compared to $25.0641 per share the previous month.

Class Y shares had an NAV per share of $24.4602, compared to $24.4705 per share the previous month.

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 noted that it surpassed $2 billion in assets in July, roughly three months after reaching $1 billion in assets.

“July was another month of strong activity as we closed on $332 million in loan originations,” FS REIT said.

Multifamily and industrial represented approximately two-thirds of the portfolio (66 percent) as of July 31, 2021, while hospitality and retail comprised 6.2 percent. The REIT said that its portfolio is comprised of 100 percent performing assets as of July 31, 2021.

“The pipeline for new deal activity in July remains strong, backed by a diverse mix of what we believe to be COVID-resilient properties,” said FS REIT. “Additionally, the short-term nature of our typical loan allows us to regularly adjust the portfolio to current market conditions.”

As of July 31, 2021, approximately 76 percent of the 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 launched in September 2017 and has raised $572.9 million in its primary offering as of June 2021.

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