v3.26.1
Cover - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Mar. 26, 2026
Document Information [Line Items]    
Document Type 10-K  
Document Annual Report true  
Document Period End Date Dec. 31, 2025  
Current Fiscal Year End Date --12-31  
Document Transition Report false  
Entity Registrant Name Fortress Net Lease REIT  
Entity File Number 000-56632  
Entity Incorporation, State or Country Code MD  
Entity Tax Identification Number 92-1937121  
Entity Address, Address Line One 1345 Avenue of the Americas  
Entity Address, City or Town New York  
Entity Address, State or Province NY  
Entity Address, Postal Zip Code 10105  
City Area Code 212  
Local Phone Number 798-6100  
Entity Well-known Seasoned Issuer No  
Entity Voluntary Filers No  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company true  
Entity Ex Transition Period false  
ICFR Auditor Attestation Flag false  
Document Financial Statement Error Correction [Flag] false  
Entity Shell Company false  
Entity Public Float $ 0  
Documents Incorporated by Reference None.  
Entity Central Index Key 0001966394  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus FY  
Amendment Flag false  
Auditor Opinion

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Fortress Net Lease REIT and subsidiaries (the “Company”) as of December 31, 2025 and 2024, the related consolidated statements of operations, comprehensive income (loss), changes in equity, and cash flows, for each of the two years in the period ended December 31, 2025, and for the period from January 24, 2023 (Date of Formation) through December 31, 2023, and the related notes and the schedule (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2025, and for the period from January 24, 2023 (Date of Formation) through December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

  
Auditor Firm ID 34  
Auditor Name Deloitte & Touche LLP  
Auditor Location New York, New York  
Class S    
Document Information [Line Items]    
Title of 12(g) Security Class S common shares of beneficial interest, $0.01 par value per share  
Entity Common Stock, Shares Outstanding   4,219,303,000
Class D    
Document Information [Line Items]    
Title of 12(g) Security Class D common shares of beneficial interest, $0.01 par value per share  
Class I    
Document Information [Line Items]    
Title of 12(g) Security Class I common shares of beneficial interest, $0.01 par value per share  
Entity Common Stock, Shares Outstanding   18,998,006,000
Class F-S    
Document Information [Line Items]    
Title of 12(g) Security Class F-S common shares of beneficial interest, $0.01 par value per share  
Entity Common Stock, Shares Outstanding   25,608,395,000
Class F-D    
Document Information [Line Items]    
Title of 12(g) Security Class F-D common shares of beneficial interest, $0.01 par value per share  
Class F-I    
Document Information [Line Items]    
Title of 12(g) Security Class F-I common shares of beneficial interest, $0.01 par value per share  
Entity Common Stock, Shares Outstanding   72,754,383,000
Class D-S    
Document Information [Line Items]    
Title of 12(g) Security Class D-S common shares of beneficial interest, $0.01 par value per share  
Entity Common Stock, Shares Outstanding   37,583,680,000
Class E    
Document Information [Line Items]    
Title of 12(g) Security Class E common shares of beneficial interest, $0.01 par value per share  
Entity Common Stock, Shares Outstanding   2,581,895,000