v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 108,897 $ 61,486
Restricted cash 31,857 29,054
Loans receivable, held-for-investment, net of credit loss allowances of $99,816 and $93,664 7,360,785 7,402,810
Mortgage-backed securities held-to-maturity, net of credit loss allowances of $89 and $137 30,024 78,131
Mortgage-backed securities, at fair value, credit loss allowances of $20,365 and $19,918 359,682 335,720
Reimbursement due from sponsor 1,247 139
Investments in real estate, held-for-investment 376,421 383,669
Investments in real estate, held-for-sale 161,891 58,278
Receivable for investments sold and repaid 66,350 146,459
Interest receivable 62,210 58,110
Other assets 14,692 15,002
Mortgage loans held in securitization trusts, at fair value 2,246,442 1,633,589
Total assets [1] 10,820,498 10,202,447
Liabilities    
Collateralized loan obligations, net 3,135,910 3,696,034
Repurchase agreements payable, net 1,787,524 1,079,758
Credit facilities payable, net 840,147 837,894
Mortgage note payable, net 124,700 124,368
Due to related party 94,116 100,772
Interest payable 18,402 15,799
Payable for shares repurchased 35,006 42,504
Other liabilities 37,721 53,649
Mortgage obligations issued by securitization trusts, at fair value 2,034,059 1,484,019
Total liabilities [1] 8,107,585 7,434,797
Commitments and contingencies (See Note 11)
Stockholders' equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 125 and 125 issued and outstanding, respectively 0 0
Additional paid-in capital 2,865,287 2,883,909
Accumulated other comprehensive income (loss) (1,596) (3,164)
Retained earnings (accumulated deficit) (151,971) (114,298)
Total stockholders' equity 2,712,913 2,767,650
Total liabilities and stockholders' equity 10,820,498 10,202,447
Common Stock Class F    
Stockholders' equity    
Common stock 6 7
Common Stock Class Y    
Stockholders' equity    
Common stock 8 8
Common Stock Class T    
Stockholders' equity    
Common stock 8 8
Common Stock Class S    
Stockholders' equity    
Common stock 647 648
Common Stock Class D    
Stockholders' equity    
Common stock 4 4
Common Stock Class M    
Stockholders' equity    
Common stock 39 46
Common Stock Class I    
Stockholders' equity    
Common stock $ 481 $ 482
[1] The June 30, 2025 and December 31, 2024 consolidated balance sheets include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations of the VIEs, and liabilities of consolidated VIEs for which creditors do not have recourse to FS Credit Real Estate Income Trust, Inc. As of June 30, 2025 and December 31, 2024, assets of the VIEs totaled $6,233,950 and $6,512,889, respectively, and liabilities of the VIEs totaled $5,177,124 and $5,191,205, respectively. See Note 10 to our consolidated financial statements included herein for further details.