FSREM · As filed with the SEC

FS Credit Real Estate Income Trust balance sheet, by fiscal year

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.

Consolidated Balance Sheets · USD thousands

USD thousands	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018
Assets
Cash and cash equivalents	265,361	61,486	147,035	183,665	46,798	15,707	40,214	608
Restricted cash	87,224	29,054	108,966	17,953	39,010	2,167	37,941	2,000
Loans receivable	—	—	—	—	—	—	—	239,207,000
Loans receivable, held-for-investment	—	—	—	7,350,315,000	3,841,868,000	700,149,000	406,645,000	—
Loans receivable, held-for-investment, net of credit loss allowances of $77,270 and $93,664, respectively	7,764,337	7,402,810	7,702,368	—	—	—	—	—
Mortgage-backed securities held-to-maturity, net of credit loss allowances of $71 and $0, respectively	—	—	75,238	68,559	37,862	37,314	—	—
Mortgage-backed securities held-to-maturity, net of credit loss allowances of $59 and $137, respectively	30,051	78,131	—	—	—	—	—	—
Mortgage-backed securities, at fair value, credit loss allowances of $23,895 and $19,918, respectively	201,618	335,720	235,235	159,464	44,518	0	6,651	1,987
Reimbursement due from sponsor	—	—	—	605,000	0	444,000	500,000	708,000
Reimbursement due from sponsor	0	139	0	—	—	—	—	—
Investment in real estate, net	—	—	183,341	190,549	—	—	—	—
Receivable for investments sold and repaid	—	—	—	922,000	—	—	—	—
Investments in real estate, held-for-investment	423,363	383,669	—	—	—	—	—	—
Investment in real estate, held-for-sale	223,167	58,278	—	—	—	—	—	—
Receivable for investments sold and repaid	19,833	146,459	8,180	—	—	—	—	—
Interest receivable	72,964	58,110	42,292	32,240	6,861	3,170	1,070	704
Deferred financing costs	—	—	—	—	658,000	152,000	500,000	—
Other assets	16,656	15,002	13,071	9,281	6,819	15,876	5,259	18
Mortgage loans held in securitization trusts, at fair value	2,654,570	1,633,589	950,972	324,263	—	—	—	—
Total assets	11,759,144	10,202,447	9,466,698	8,337,816	4,024,394	774,979	498,780	245,232
Liabilities
Repurchase agreements payable (net of deferred financing costs of $878 and $452, respectively)	—	—	—	—	—	—	—	158,248,000
Collateralized loan obligation (net of deferred financing costs of $5,483 and $0, respectively)	—	—	—	—	—	—	322,182,000	—
Collateralized loan obligation (net of deferred financing costs of $4,556 and $5,483, respectively)	—	—	—	—	1,886,382,000	323,109,000	—	—
Collateralized loan obligations, net	—	—	—	4,336,701,000	—	—	—	—
Collateralized loan obligations, net	2,510,160	3,696,034	4,301,970	—	—	—	—	—
Repurchase agreements payable, net	2,663,928	1,079,758	256,730	756,816	903,010	125,266	—	—
Credit facilities payable (net of deferred financing costs of $2,230 and $0, respectively)	—	—	—	—	196,960,000	—	—	—
Credit facilities payable, net	—	—	—	298,544,000	—	—	—	—
Mortgage note payable, net	—	—	—	122,568,000	—	—	—	—
Due to related party	—	—	—	107,692,000	48,514,000	15,481,000	6,290,000	912,000
Credit facilities payable, net	1,042,958	837,894	910,197	—	—	—	—	—
Mortgage note payable, net	124,700	124,368	123,657	—	—	—	—	—
Due to related party	92,921	100,772	113,501	—	—	—	—	—
Interest payable	25,185	15,799	30,593	19,379	2,591	344	773	304
Payable for shares repurchased	—	—	—	—	4,227,000	1,530,000	62,000	100,000
Payable for shares repurchased	—	—	—	60,488,000	—	—	—	—
Payable for shares repurchased	—	—	27,397	—	—	—	—	—
Payable for shares repurchased	38,573	42,504	—	—	—	—	—	—
Other liabilities	35,377	53,649	32,146	27,278	9,370	3,537	3,686	2,232
Mortgage obligations issued by securitization trusts, at fair value	—	—	—	291,193,000	—	—	—	—
Mortgage obligations issued by securitization trusts, at fair value	2,408,636	1,484,019	878,545	—	—	—	—	—
Total liabilities	8,942,438	7,434,797	6,674,736	6,020,659	3,051,054	469,267	332,993	161,796
Stockholders' equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 125 and 125 issued and outstanding, respectively	0	0	0	0	—	—	—	—
Common Class F	—	—	—	—	9,000	9,000	15,000	25,000
Common Class Y	—	—	—	—	9,000	1,000	1,000	2,000
Common Class T	—	—	—	—	14,000	12,000	10,000	1,000
Common Class S	—	—	—	—	228,000	58,000	14,000	—
Common Class D	—	—	—	—	6,000	5,000	3,000	1,000
Common Class M	—	—	—	—	29,000	20,000	14,000	4,000
Common Class I	—	—	—	—	114,000	22,000	12,000	1,000
Common Class F	—	—	—	9,000	—	—	—	—
Common Class Y	—	—	—	9,000	—	—	—	—
Common Class T	—	—	—	16,000	—	—	—	—
Common Class S	—	—	—	549,000	—	—	—	—
Common Class D	—	—	—	7,000	—	—	—	—
Common Class M	—	—	—	46,000	—	—	—	—
Common Class I	—	—	—	340,000	—	—	—	—
Common Stock Class F	6	7	7	—	—	—	—	—
Common Stock Class Y	8	8	9	—	—	—	—	—
Common Stock Class T	7	8	13	—	—	—	—	—
Common Stock Class S	672	648	646	—	—	—	—	—
Common Stock Class D	4	4	6	—	—	—	—	—
Common Stock Class M	39	46	49	—	—	—	—	—
Common Stock Class I	497	482	475	—	—	—	—	—
Additional paid-in capital	2,977,770	2,883,909	2,869,801	2,314,639	969,558	303,783	165,082	83,555
Accumulated other comprehensive income (loss)	(1,401)	(3,164)	(6,986)	(11,906)	—	—	17	(10)
Retained earnings (accumulated deficit)	(160,896)	(114,298)	(72,058)	13,448	3,287	1,802	619	(143)
Total stockholders' equity	2,816,706	2,767,650	2,791,962	2,317,157	973,340	305,712	165,787	83,436
Common Class I	—	—	—	—	—	22,000	12,000	—
Common Class M	—	—	—	—	—	20,000	—	—
Common Class D	—	—	—	—	—	5,000	3,000	—
Common Class T	—	—	—	—	—	12,000	10,000	—
Common Class Y	—	—	—	—	—	1,000	1,000	—
Common Class F	—	—	—	—	—	9,000	15,000	—
Common Class S	—	—	—	—	—	58,000	14,000	—
Total liabilities and stockholders' equity	11,759,144	10,202,447	9,466,698	8,337,816	4,024,394	774,979	498,780	245,232

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