v3.25.2
Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net interest income        
Interest income $ 162,427 $ 191,653 $ 324,953 $ 383,379
Less: Interest expense (97,639) (112,174) (202,453) (222,356)
Interest income on mortgage loans held in securitization trusts 34,954 10,224 64,073 26,648
Less: Interest expense on mortgage obligations issued by securitization trusts (30,684) (8,963) (56,503) (23,493)
Net interest income 69,058 80,740 130,070 164,178
Other expenses        
Management fee 9,174 9,519 18,438 18,912
Performance fee 0 5,786 0 11,951
General and administrative expenses 12,393 11,437 24,183 22,701
Real estate operating expenses 8,336 1,456 15,973 2,835
Depreciation and amortization 4,364 1,835 10,842 3,670
Interest expense on real estate 2,040 2,355 4,057 4,712
Less: Expense limitation (1,247) 0 (1,589) 0
Net other expenses 35,060 32,388 71,904 64,781
Other income (loss)        
Credit loss expense, net (16,853) (19,737) (6,152) (59,697)
Real estate operating income 12,900 5,194 22,428 10,077
Net change in unrealized gain (loss) on interest rate cap (631) (964) (1,213) (1,748)
Net realized gain (loss) on mortgage-backed securities, fair value option 0 0 0 333
Net realized gain (loss) on extinguishment of debt 0 0 0 174
Net change in unrealized gain (loss) on mortgage-backed securities, fair value option (954) 364 (796) 441
Unrealized gain (loss) on mortgage loans and obligations held in securitization trusts, net 1,223 546 370 1,078
Unrealized gain (loss) on real estate, held-for-sale (2,342) 0 (2,342) 0
Total other income (loss) (6,657) (14,597) 12,295 (49,342)
Net income before income taxes 27,341 33,755 70,461 50,055
Income tax expense (261) (790) (741) (1,270)
Net income 27,080 32,965 69,720 48,785
Preferred stock dividends (4) (4) (8) (8)
Net income attributable to FS Credit Real Estate Income Trust, Inc. $ 27,076 $ 32,961 $ 69,712 $ 48,777
Per share information—basic and diluted        
Net income per share of common stock - basic (in dollars per share) $ 0.23 $ 0.26 $ 0.57 $ 0.39
Net income per share of common stock - diluted (in dollars per share) $ 0.22 $ 0.26 $ 0.56 $ 0.39
Weighted average common stock outstanding - basic (in shares) 119,976,846 124,540,702 121,239,780 123,607,049
Weighted average common stock outstanding - diluted (in shares) 122,396,378 124,540,702 123,492,967 123,607,049