Transaction Price1
for 11/01/2024
$25.07
Annual Distribution Rate2
as of 09/30/2024
6.52%
Past performance is not a guarantee of future results. View standardized performance.
Performance
Returns1 as of 09/30/2024
MTD | YTD | 1YR | 3YR | Since incept. annualized 5/4/2018 | |
Class S | 0.52% | 5.14% | 6.63% | 6.06% | 6.03% |
Max sales charge | -2.88% | 1.59% | 3.03% | 4.85% | 5.47% |
2019 | 2020 | 2021 | 2022 | |
Class S | 6.15% | 5.88% | 5.58% | 5.14% |
Max sales charge | - | 2.18% | 2.01% | 1.59% |
Performance quoted is past performance and cannot guarantee future results. Current performance may be higher or lower. Certain performance figures above do not include applicable sales charges, which would have reduced the performance. Returns less than one year are cumulative; all others are annualized. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Monthly return since inception2
Performance quoted is past performance and cannot guarantee future results. Current performance may be higher or lower. Certain performance figures above do not include applicable sales charges, which would have reduced the performance. Returns less than one year are cumulative; all others are annualized. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
FS Credit Real Estate Income Trust seeks to generate an alternative source of income, preserve capital and realize long-term appreciation.
Offering highlights
Portfolio allocation
May invest in:
- Senior floating rate loans to generate current income
- Other real estate-related assets, including, but not limited to, subordinated debt backed by commercial real estate properties and commercial mortgage-backed securities (CMBS) for enhanced income and the potential for capital appreciation
Subscriptions
- Subscription agreements are submitted on an ongoing basis.
- Purchases are effective as of the first calendar day of each month.
- Subscription requests must be received in good order at least 5 business days prior to the first calendar day of the month or by such other time as agreed upon between a participating broker-dealer and UBS.
Repurchase offer4
Monthly repurchases will be made at the transaction price, which is generally equal to the prior month’s NAV.
- Overall limit of 2% of NAV per month and 5% of NAV per calendar quarter
- Repurchase requests must be received in good order by the second to last business day of the applicable month.
- FS Credit REIT is not obligated to repurchase any shares and may choose to repurchase only some, or even none, of the shares that have been requested to be repurchased in any particular month in its discretion.
Suitability requirements5
Either (1) a minimum net worth of at least $250,000, or (2) a minimum net worth of at least $70,000 and a minimum annual gross income of at least $70,000. Certain states have additional suitability standards. See the prospectus for more information.
Key facts
Class S shares | |
---|---|
CUSIP | 302950704 |
NAV8 | $25.07 |
Availability | Through transactional/brokerage accounts |
Min. initial investment9 | $5,000 |
Total upfront sales load10 | Up to 3.50% |
Annual stockholder servicing fee11 | 0.85% |
FS Credit REIT is available through select broker-dealers.
View offering highlights disclosure for footnotes 3, 4, 5, 6, 7, 8, 9, 10, 11
3 | The payment of distributions on FS Credit REIT’s common stock is subject to the discretion of the fund’s board of directors and applicable legal restrictions and, therefore, there can be no assurance as to the amount or timing of any such distributions. |
4 | FS Credit REIT’s share repurchase plan is subject to a 2% monthly and 5% quarterly cap of the combined NAV of all share classes then participating and other limitations and conditions as set forth in FS Credit REIT’s prospectus. |
5 | Select broker-dealers may have different suitability standards, may not offer all share classes, and/or may offer FS Credit REIT at a higher minimum initial investment. |
6 | FS Investments and Rialto split management and performance fees. |
7 | Once core earnings in any quarter exceed the hurdle rate, our adviser will be entitled to a catchup fee equal to the amount of core earnings in excess of the hurdle rate, until our core earnings for such quarter equal 1.806%, or 7.222% annually, of adjusted capital. Thereafter, the adviser is entitled to receive 10.0% of our core earnings. Core earnings means the net income (loss) attributable to stockholders of Class S shares computed in accordance with GAAP, including realized gains (losses) not otherwise included in GAAP net income (loss) and excluding (i) non-cash equity compensation expense, (ii) the performance fee, (iii) deprecation and amortization, (iv) any unrealized gains or losses or other similar non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, (v) one-time events pursuant to changes in GAAP and certain material non-cash income or expense items. Adjusted capital means cumulative net proceeds generated from sales of out common stock (including proceeds from our DRP) reduced for distributions from non-liquidating dispositions of our investments paid to stockholders and amounts paid for share purchases pursuant to our share repurchase plan. |
8 | NAV is determined as of the last calendar day of each month by FS Real Estate Advisor 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. See historical NAV and annualized distribution rate information. |
9 | FS Credit REIT may waive these minimum investment accounts in its sole and absolute discretion. |
10 | Total upfront sales load consists of upfront sales commission of 3.50% for Class S shares. |
11 | The stockholder servicing fee is calculated as a percentage per annum of the aggregate NAV of outstanding Class S shares. FS Credit REIT will cease paying stockholder servicing fees with respect to Class S shares help in a stockholder’s account when the total underwriting compensation from the upfront selling commissions and stockholder servicing fees paid with respect to such account exceeds 8.75% of the gross proceeds from the sale of shares in such account. |