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
Assets
Cash and cash equivalents	265,361	61,486	147,035	183,665
Restricted cash	87,224	29,054	108,966	17,953
Loans receivable, held-for-investment	—	—	—	7,350,315,000
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
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
Reimbursement due from sponsor	—	—	—	605,000
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
Other assets	16,656	15,002	13,071	9,281
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
Liabilities
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
Credit facilities payable, net	—	—	—	298,544,000
Mortgage note payable, net	—	—	—	122,568,000
Due to related party	—	—	—	107,692,000
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
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
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
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
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
Accumulated other comprehensive income (loss)	(1,401)	(3,164)	(6,986)	(11,906)
Retained earnings (accumulated deficit)	(160,896)	(114,298)	(72,058)	13,448
Total stockholders' equity	2,816,706	2,767,650	2,791,962	2,317,157
Total liabilities and stockholders' equity	11,759,144	10,202,447	9,466,698	8,337,816

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