Private company

FS Credit Real Estate Income Trust, Inc.

American real estate investment trust based in Philadelphia, active since 2016.

Last updated Oct 18, 2026.

Overview

$169.9MNet income, fiscal 2025²

IndustryReal Estate Investment Trusts
HeadquartersPhiladelphia, United States

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

6.0%Return on equity²

Financial statements

Net income³⁴²$169.9M in 2025+325% since 2021

Fiscal year	2021	2022	2023	2024	2025
Interest	$27.4M³	$186.7M³	$426.4M³
Income tax	$614.0K³	$1.3M⁴	$2.5M²	$2.3M²	$869.0K²
Net income	$40.0M³	$126.4M⁴	$150.2M²	$175.0M²	$169.9M²
Earnings per share	$1.64³	$1.65⁴	$1.32²	$1.42²	$1.39²
Earnings per share (diluted)	$1.64³	$1.65⁴	$1.32²	$1.40²	$1.36²

Total assets⁸³⁴²$11.8B in 2025+192% since 2021

Total liabilities⁸³⁴²$8.9B in 2025+193% since 2021

Shareholders’ equity⁴²$2.8B in 2025+189% since 2021

Cash⁸³⁴²$265.4M in 2025+467% since 2021

Fiscal year	2021	2022	2023	2024	2025
Cash	$46.8M⁸	$183.7M³	$147.0M⁴	$61.5M²	$265.4M²
Total assets	$4.0B⁸	$8.3B³	$9.5B⁴	$10.2B²	$11.8B²
Total liabilities	$3.1B⁸	$6.0B³	$6.7B⁴	$7.4B²	$8.9B²
Shareholders’ equity	$973.3M⁴	$2.3B²	$2.8B²	$2.8B²	$2.8B²

Cash from operations³⁴²$190.6M in 2025+394% since 2021

Dividends paid³⁴²$109.1M in 2025+416% since 2021

Share buybacks³⁴²$492.7M in 2025+2152% since 2021

Fiscal year	2021	2022	2023	2024	2025
Cash from operations	$38.6M³	$154.5M⁴	$256.8M²	$236.7M²	$190.6M²
Dividends paid	$21.2M³	$56.1M⁴	$97.7M²	$109.9M²	$109.1M²
Share buybacks	$21.9M³	$169.4M⁴	$378.8M²	$533.3M²	$492.7M²

Compare FS Credit Real Estate Income Trust, Inc. with another company

Leadership

Who has led FS Credit Real Estate Income Trust, Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

2025

Chief executive officerMichael C. Forman May 5, 2022 to now¹⁰
ChairMichael C. Forman May 5, 2022 to Aug 2, 2022¹⁰
PresidentMichael C. Forman Oct 4, 2024 to now¹¹
Chief financial officerBrian Gold Apr 2, 2025 to now¹²
Chief financial officerChristopher Condelles Oct 16, 2023 to Oct 16, 2023¹³
Chief financial officerEdward T. Gallivan Jr. Apr 29, 2020 to Oct 29, 2024¹⁴

Board members and other officers (11)

Chief Compliance OfficerJames Francis Volk Apr 29, 2020 to Apr 29, 2020¹⁵
OfficerMichael C. Forman Apr 29, 2020 to Apr 29, 2020¹⁶
OfficerStephen Sypherd Apr 29, 2020 to Apr 29, 2020¹⁷
Board memberWilliam P. Hankowsky May 22, 2024 to now¹⁸
Board memberDavid Schiff Dec 8, 2022 to now¹⁹
Board memberRyan Boyer Aug 3, 2021 to now²⁰
Board memberJack A. Markell Apr 29, 2020 to Feb 4, 2022²¹
Board memberJeffrey P. Krasnoff Apr 29, 2020 to now²²
Board memberKaren D. Buchholz Apr 29, 2020 to now²³
Board memberMichael C. Forman Apr 29, 2020 to now¹⁶
Board memberTerence J. Connors Apr 29, 2020 to now²⁴

Timeline

May 5, 2022New chief executive Michael C. Forman becomes CEO¹⁰
Nov 7, 2016Founded FS Credit Real Estate Income Trust, Inc. is founded²⁵

Filings

391 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 62 major events, 152 insider forms, 5 private raises, 151 other. The latest 20:

Oct 5, 20264 OWNERSHIP DOCUMENT EDGAR
Oct 5, 20264 OWNERSHIP DOCUMENT EDGAR
Sep 16, 2026424B3 EDGAR
Aug 27, 20264/A OWNERSHIP DOCUMENT EDGAR
Aug 17, 2026424B3 EDGAR
Aug 14, 202610-Q EDGAR
Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 30, 20268-K EDGAR
Jul 17, 2026424B3 EDGAR
Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 1, 20268-K EDGAR
Jun 25, 20268-K EDGAR
Jun 17, 2026424B3 EDGAR

The 391 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Money raised

Private offerings the company reported to the SEC on Form D.

Feb 2, 2022Raised $36.9 million in a private offering of equity Form D: $50 million offered in all Form D

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARFS Credit Real Estate Income Trust, Inc. filings on SEC EDGAR
2
SEC EDGARFS Credit Real Estate Income Trust, Inc. 10-K for fiscal 2025
3
SEC EDGARFS Credit Real Estate Income Trust, Inc. 10-K for fiscal 2021
4
SEC EDGARFS Credit Real Estate Income Trust, Inc. 10-K for fiscal 2022
5
SEC EDGARFS Credit Real Estate Income Trust, Inc. 10-Q for fiscal 2025
6
SEC EDGARFS Credit Real Estate Income Trust, Inc. 10-Q for fiscal 2025
7
SEC EDGARFS Credit Real Estate Income Trust, Inc. 10-Q for fiscal 2026
8
SEC EDGARFS Credit Real Estate Income Trust, Inc. 10-K for fiscal 2021
9
SEC EDGARFS Credit Real Estate Income Trust, Inc. 10-Q for fiscal 2025
10
SEC EDGARMichael C. Forman, Chief executive officer
11
SEC EDGARMichael C. Forman, President
12
SEC EDGARBrian Gold, Chief financial officer
13
SEC EDGARChristopher Condelles, Chief financial officer
14
SEC EDGAREdward T. Gallivan Jr., Chief financial officer
15
SEC EDGARJames Francis Volk, Chief Compliance Officer
16
SEC EDGARMichael C. Forman, Officer
17
SEC EDGARStephen Sypherd, Officer
18
SEC EDGARWilliam P. Hankowsky, Board member
19
SEC EDGARDavid Schiff, Board member
20
SEC EDGARRyan Boyer, Board member
21
SEC EDGARJack A. Markell, Board member
22
SEC EDGARJeffrey P. Krasnoff, Board member
23
SEC EDGARKaren D. Buchholz, Board member
24
SEC EDGARTerence J. Connors, Board member
25
gleifFS Credit Real Estate Income Trust, Inc. is founded