FSREI · As filed with the SEC

FS Credit Real Estate Income Trust income statement, by quarter

The statement as FS Credit Real Estate Income Trust presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Unaudited Consolidated Statements of Operations · USD thousands, except per-share amounts

USD thousands, except per-share amounts	Q2 2026 3 months ended Jun 30, 2026	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024^† 3 months ended Sep 30, 2024
Net interest income
Interest income	147,220	149,294	144,162^†	156,327	162,427	162,526	172,866^†	192,570
Less: Interest expense	(93,318)	(91,584)	(90,566)^†	(94,829)	(97,639)	(104,814)	(110,406)^†	(118,066)
Interest income on mortgage loans held in securitization trusts	35,028	36,335	42,667^†	41,261	34,954	29,119	44,812^†	17,871
Less: Interest expense on mortgage obligations issued by securitization trusts	(30,492)	(31,626)	(37,131)^†	(36,431)	(30,684)	(25,819)	(39,185)^†	(15,835)
Net interest income	58,438	62,419	59,132^†	66,328	69,058	61,012	68,087^†	76,540
Other expenses
Management fee	9,260	9,356	9,566^†	9,377	9,174	9,264	9,396^†	9,614
Performance fee	—	—	0^†	0	0	0	0^†	4,190
General and administrative expenses	10,774	11,282	11,277^†	11,313	12,393	11,790	11,708^†	11,738
Real estate operating expenses	10,994	11,600	9,012^†	8,276	8,336	7,637	5,514^†	2,800
Depreciation and amortization	4,942	11,645	5,564^†	3,981	4,364	6,478	7,463^†	4,251
Interest expense on real estate	1,871	1,771	1,944^†	2,055	2,040	2,017	2,172^†	2,367
Less: Expense limitation	0	0	0^†	0	(1,247)	(342)	(139)^†	0
Add: Expense recoupment to sponsor	467	76	261^†	77	0^†	—	0^†	0
Net other expenses	38,308	45,730	37,624^†	35,079	35,060	36,844	36,114^†	34,960
Other income (loss)
Credit loss expense, net	(12,339)	20,019	3,515^†	15,794	(16,853)	10,701	33,990^†	5,190
Real estate operating income	14,796	13,852	13,348^†	12,416	12,900	9,528	8,499^†	6,722
Net change in unrealized gain (loss) on interest rate cap	(453)	(354)	(536)^†	(868)	(631)	(582)	(390)^†	(1,761)
Net realized gain (loss) on mortgage-backed securities, fair value option	—	—	111^†	0	0	0	4^†	22
Net realized gain (loss) on extinguishment of debt	—	—	0^†	0	0	0	0^†	99
Net realized gain (loss) on real estate, net	—	—	3,909^†	0	—	—	0^†	357
Net change in unrealized gain (loss) on mortgage-backed securities, fair value option	(128)	302	(761)^†	400	(954)	158	407^†	(86)
Net unrealized gain (loss) on mortgage loans and obligations held in securitization trusts, net	(467)	(2,570)	(287)^†	1,011	1,223	(853)	156^†	458
Other income (loss), net	—	—	—	—	—	—	0^†	0
Net unrealized gain (loss) on real estate, held-for-sale	(850)	488	(392)^†	(100)	(2,342)	—	0^†	0^†
Total other income (loss)	559	31,737	18,907^†	28,653	(6,657)	18,952	42,666^†	11,001
Net income before income taxes	20,689	48,426	40,415^†	59,902	27,341	43,120	74,639^†	52,581
Income tax expense	(270)	(289)	(68)^†	(60)	(261)	(480)	(513)^†	(478)
Net income	20,419	48,137	40,347^†	59,842	27,080	42,640	74,126^†	52,103
Preferred stock dividends	(4)	(4)	(4)^†	(3)	(4)	(4)	(4)^†	(3)
Net income attributable to FS Credit Real Estate Income Trust, Inc.	20,415	48,133	40,343^†	59,839	27,076	42,636	74,122^†	52,100
Per share information—basic and diluted
Net income per share of common stock - basic (in dollars per share)	0.17	0.39	—	0.49	0.23	0.35	—	0.42
Net income per share of common stock - diluted (in dollars per share)	0.16	0.38	—	0.48	0.22	0.34	—	0.41
Weighted average common stock outstanding - basic (in shares)	122,701,902	124,312,338	—	121,573,865	119,976,846	122,516,709	—	124,460,864
Weighted average common stock outstanding - diluted (in shares)	126,325,835	127,760,385	—	124,812,697	122,396,378	125,461,059	—	126,137,752

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.