FS Credit Real Estate Income Trust, Inc. (FS Credit REIT), a monthly NAV REIT that invests primarily in floating rate senior loans of commercial real estate properties, announced its operating results for the fiscal year ended December 31, 2018. Since commencing operations, FS Credit REIT has focused on generating an attractive dividend yield comprised of stable cash distributions and protecting capital.
- Net income of approximately $1.5 million exceeded distributions of $1.3 million paid during the quarter ended December 31, 2018.
- Net income of approximately $4.0 million exceeded distributions paid of approximately $3.9 million during the year ended December 31, 2018.
- Net asset value (NAV) increased across all share classes during the quarter ended December 31, 2018 despite volatility in the public equity and fixed income markets.1
About FS Credit REIT
FS Credit REIT is a public reporting, non-listed real estate investment trust that originates, acquires and manages a portfolio of senior loans secured by commercial real estate primarily in the United States. FS Credit REIT seeks to generate an alternative source of income, preserve capital and realize long-term appreciation by investing in commercial real estate debt.
FS Credit REIT is advised by FS Real Estate Advisor, LLC and sub-advised by Rialto Capital Management, LLC (Rialto), a leading real estate investment and asset management company. Rialto’s commercial real estate platform, which has, together with its investment management, asset management, loan servicing, special servicing and loan origination affiliates, approximately 215 associates in 10 offices across the United States and Europe as of December 31, 2018, has originated over $7.3 billion of commercial mortgage loans since its inception and is one of the largest non-bank underwriters of commercial mortgage loans used in CMBS securitizations.
About FS Investments
FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth, and focuses on setting industry standards for investor protection, education and transparency.
FS Investments is headquartered in Philadelphia, PA, with offices in New York, NY, Orlando, FL, and Washington, DC. Visit www.fsinvestments.com to learn more.
1 NAV is determined as of the last calendar day of each month by FS Real Estate Advisor, LLC in accordance with FS Credit REIT’s valuation guidelines. There is no rule, regulation or industry practice that requires the NAV be calculated in a certain way, and FS Credit REIT’s board of directors may adopt changes to the valuation guidelines.