Home Alts News FS Credit REIT Reports Slightly Lower Estimated NAV

FS Credit REIT Reports Slightly Lower Estimated NAV

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FS Credit Real Estate Income Trust Inc., a monthly net asset value REIT sponsored by FS Investments, has declared a monthly estimated net asset value per share as of Dec. 31, 2022.

Class S shares had an NAV per share of $25.07 as of Dec. 31, 2022, compared to $25.14 per share the previous month.

Class T shares had an NAV per share of $24.83, compared to $24.90 per share the previous month.

Class D shares had an NAV per share of $24.87, compared to $24.94 per share the previous month.

Class M shares had an NAV per share of $24.94, compared to $25.01 per share the previous month.

Class I shares had an NAV per share of $24.28, compared to $24.35 per share the previous month.

Class F shares had an NAV per share of $24.97, compared to $25.03 per share the previous month.

Class Y shares had an NAV per share of $24.23, compared to $24.30 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.

Loans receivable increased from $7.3 billion in November to $7.4 billion in December. Mortgage-backed securities held-to-maturity remained $87 million, while mortgage-backed securities available-for-sale decreased from $139 million to $174 million month-over-month.

Cash and cash equivalents decreased from $153.1 million in November to $183 million in December, while restricted cash decreased from $21 million to $18 million. Other assets increased from $42.3 million to $51.2 million month-over-month.

Collateralized loan obligations increased from ($3.73 billion) in November to ($4.3 billion) in December. Repurchase agreements payable increased from ($1.0 billion) to ($78 million), month-over-month. Other liabilities increased from ($80 million) to ($110 million).

The number of shares outstanding totaled 97.7 billion as of Dec. 31, 2022, compared to 97.1 million the previous month.

FS Credit REIT invests primarily in floating rate senior loans secured by commercial real estate properties. The REIT launched in September 2017 and has received gross offering proceeds of approximately $2.75 billion as of Dec. 31, 2022.

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