FS Credit REIT Posts Monthly NAV Per Share

A Reliable Monthly NAV REIT for Savvy Investors

Image: FS Credit REIT

Are you in search of a reliable monthly NAV REIT that can help you grow your investment portfolio? Look no further than FS Credit Real Estate Income Trust Inc. Sponsored by FS Investments, this REIT has proven itself as a consistent performer in the market. With its recent announcement of the monthly net asset value (NAV) per share as of April 30, 2022, FS Credit REIT continues to demonstrate its commitment to delivering value to its shareholders.

Impressive Performance Across Multiple Share Classes

Let's dive into the specifics. In April, FS Credit REIT showcased its impressive performance across different share classes:

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Class S shares experienced an NAV per share of $25.18, slightly lower than the previous month's $25.21.
Class T shares achieved an NAV per share of $24.95, compared to $24.98 in the previous month.
Class D shares maintained an NAV per share of $24.98, slightly lower than the previous month's $25.02.
Class M shares achieved an NAV per share of $25.05, compared to $25.09 in the previous month.
Class I shares demonstrated an NAV per share of $24.42, compared to $24.45 in the previous month.
Class F shares achieved an NAV per share of $24.98, similar to the previous month's $25.02.
Class Y shares experienced an NAV per share of $24.37, slightly lower than the previous month's $24.41.

With a range of share classes suited for different types of investors, FS Credit REIT provides accessibility and flexibility for individuals and institutions alike.

A Diverse Portfolio for Sustainable Growth

FS Credit REIT takes pride in its well-diversified portfolio, consisting mainly of floating rate senior loans secured by commercial real estate properties. As of April 30, 2022, floating rate loans accounted for an impressive 96.4% of the portfolio. This strategic move allows the REIT to navigate potential interest rate fluctuations while preserving capital.

Furthermore, the company closed on $625.5 million in new fundings in April, further strengthening its portfolio and positioning it for continued growth.

Demonstrating Stability in a Changing Market

"At FS Credit REIT, we understand the importance of stability and adaptability in today's ever-changing market," stated the company in a recent filing with the Securities and Exchange Commission. Despite the upward trends in interest rates, FS Credit REIT remains confident in its ability to deliver consistent returns to its investors.

Strong Financial Position

FS Credit REIT consistently aims to enhance its financial position to provide long-term value to shareholders. Here are some highlights from its financials as of April 2022:

Loans receivable increased from $4.7 billion in March to $5.3 billion in April.
Mortgage-backed securities held-to-maturity remained stable at $68 million, while mortgage-backed securities available-for-sale increased from $81 million to $96.8 million.
Cash and cash equivalents decreased from $154.4 million to $30.3 million, while restricted cash decreased from $19.9 million to $3.2 million.
Other assets increased from $19.2 million in March to $63.3 million in April.
Collateralized loan obligations decreased slightly from ($2.68 billion) in March to ($2.66 billion) in April.
Repurchase agreements payable increased from ($831.1 million) to ($1.1 billion), month-over-month.
Other liabilities increased from ($31.4 million) to ($103.6 million).

An Ongoing Success Story

FS Credit REIT continues to impress investors with its consistent performance and commitment to growth. With 65.9 million shares outstanding as of April 30, 2022, compared to 58.4 million the previous month, the REIT's popularity is on the rise.

In addition, FS Credit REIT recently registered its second follow-on offering, comprising $2.5 billion in shares of common stock and $250 million in distribution reinvestment plan shares. This move further reflects the REIT's confidence in the market, as well as its dedication to meeting investor demand.

Invest in FS Credit REIT today and join the ranks of satisfied investors who have already capitalized on this exceptional opportunity.

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