FS Credit REIT Updates NAV Per Share

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 Oct 31, 2022.

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 Oct 31, 2022.

Class S shares had an NAV per share of $25.14 as of Oct. 31, 2022, compared to $25.18 per share the previous month.

Class T shares had an NAV per share of $24.91, compared to $24.95 per share the previous month.

Class D shares had an NAV per share of $24.94, compared to $24.98 per share the previous month.

Class M shares had an NAV per share of $25.01, compared to $25.05 per share the previous month.

Class I shares had an NAV per share of $24.36, compared to $24.40 per share the previous month.

Class F shares had an NAV per share of $25.02, compared to $25.03 per share the previous month.

Class Y shares had an NAV per share of $24.31, compared to $24.35 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 $7.1 billion in September to $7.2 billion in October. Mortgage-backed securities held-to-maturity remained $87 million, while mortgage-backed securities available-for-sale decreased from $182 million to $179 million month-over-month.

Cash and cash equivalents decreased from $147.3 million in September to $108 million in October, while restricted cash decreased from $26 million to $22 million. Other assets increased from $35.2 million to $81.2 million month-over-month.

Collateralized loan obligations remained at ($3.73 billion) from September to October. Repurchase agreements payable increased from ($880 million) to ($990 billion), month-over-month. Other liabilities increased from ($62.8 million) to ($67.5 million).

The number of shares outstanding totaled 94.8 billion as of Oct. 30, 2022, compared to 91.1 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 $2.6 billion as of Nov. 3, 2022. As of June 30, 2022, the company owned $7.1 billion of assets, comprised primarily of senior, floating-rate loans secured by real property.

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