FSREM · 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	Q4 2024^† 3 months ended Dec 31, 2024
Net interest income
Interest income	147,220	149,294	144,162^†	156,327	162,427	172,866^†
Less: Interest expense	(93,318)	(91,584)	(90,566)^†	(94,829)	(97,639)	(110,406)^†
Interest income on mortgage loans held in securitization trusts	35,028	36,335	42,667^†	41,261	34,954	44,812^†
Less: Interest expense on mortgage obligations issued by securitization trusts	(30,492)	(31,626)	(37,131)^†	(36,431)	(30,684)	(39,185)^†
Net interest income	58,438	62,419	59,132^†	66,328	69,058	68,087^†
Other expenses
Management fee	9,260	9,356	9,566^†	9,377	9,174	9,396^†
Performance fee	—	—	0^†	0	0	0^†
General and administrative expenses	10,774	11,282	11,277^†	11,313	12,393	11,708^†
Real estate operating expenses	10,994	11,600	9,012^†	8,276	8,336	5,514^†
Depreciation and amortization	4,942	11,645	5,564^†	3,981	4,364	7,463^†
Interest expense on real estate	1,871	1,771	1,944^†	2,055	2,040	2,172^†
Less: Expense limitation	0	0	0^†	0	(1,247)	(139)^†
Add: Expense recoupment to sponsor	467	76	261^†	77	0^†	0^†
Net other expenses	38,308	45,730	37,624^†	35,079	35,060	36,114^†
Other income (loss)
Credit loss expense, net	(12,339)	20,019	3,515^†	15,794	(16,853)	33,990^†
Real estate operating income	14,796	13,852	13,348^†	12,416	12,900	8,499^†
Net change in unrealized gain (loss) on interest rate cap	(453)	(354)	(536)^†	(868)	(631)	(390)^†
Net realized gain (loss) on mortgage-backed securities, fair value option	—	—	111^†	0	0	4^†
Net realized gain (loss) on extinguishment of debt	—	—	0^†	0	0	0^†
Net realized gain (loss) on real estate, net	—	—	3,909^†	0	—	0^†
Net change in unrealized gain (loss) on mortgage-backed securities, fair value option	(128)	302	(761)^†	400	(954)	407^†
Net unrealized gain (loss) on mortgage loans and obligations held in securitization trusts, net	(467)	(2,570)	(287)^†	1,011	1,223	156^†
Net unrealized gain (loss) on real estate, held-for-sale	(850)	488	(392)^†	(100)	(2,342)	0^†
Total other income (loss)	559	31,737	18,907^†	28,653	(6,657)	42,666^†
Net income before income taxes	20,689	48,426	40,415^†	59,902	27,341	74,639^†
Income tax expense	(270)	(289)	(68)^†	(60)	(261)	(513)^†
Net income	20,419	48,137	40,347^†	59,842	27,080	74,126^†
Preferred stock dividends	(4)	(4)	(4)^†	(3)	(4)	(4)^†
Net income attributable to FS Credit Real Estate Income Trust, Inc.	20,415	48,133	40,343^†	59,839	27,076	74,122^†
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	—
Net income per share of common stock - diluted (in dollars per share)	0.16	0.38	—	0.48	0.22	—
Weighted average common stock outstanding - basic (in shares)	122,701,902	124,312,338	—	121,573,865	119,976,846	—
Weighted average common stock outstanding - diluted (in shares)	126,325,835	127,760,385	—	124,812,697	122,396,378	—

† 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.