v3.26.1
Condensed Consolidated Statements of Cash Flows - Fundrise Equity REIT, LLC - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES:    
Net income $ 495 $ 13,037
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Equity in earnings (losses) 514 (13,737)
Amortization of deferred rental revenue (20) (4)
Depreciation and amortization 896 588
Amortization of below-market lease 74 0
Amortization of debt issuance costs 35 17
Amortization of deferred leasing costs 17 0
Credit loss expense 27 6
Interest revenue received in kind, net of payments (363) (144)
Decrease in fair value of derivative financial instruments 18 91
Unrealized gain on equity securities (1,468) 0
Changes in assets and liabilities:    
Net (increase) decrease in other assets 326 (19)
Net increase (decrease) in accounts payable and accrued expenses (2,569) (793)
Net increase (decrease) in due from related party (2) 0
Net increase (decrease) in due to related party (170) (32)
Net increase (decrease) in rental security deposits and other liabilities (114) 11
Net cash provided by (used in) operating activities (2,304) (979)
INVESTING ACTIVITIES:    
Investment in equity securities (18,000) 0
Investment in equity method investees (64) 0
Return of investment from equity method investees 127 14,387
Improvements of real estate held for improvement (45) (20)
Improvements of real estate held for improvement (3) 0
Net cash provided by (used in) investing activities (17,985) 14,367
FINANCING ACTIVITIES:    
Proceeds from notes payable - related party 0 13,300
Repayment of notes payable - related party 0 (13,300)
Repayment of mortgage payable 0 (17)
Redemptions paid (11) (8,158)
Distributions paid 0 (8,773)
Offering costs paid (71) (18)
Net cash provided by (used in) financing activities (82) (16,966)
Net increase (decrease) in cash and cash equivalents and restricted cash (20,371) (3,578)
Cash and cash equivalents and restricted cash, beginning of period 37,790 9,074
Cash and cash equivalents and restricted cash, end of period 17,419 5,496
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY:    
Offering costs accrued and payable 234 0
Related Party    
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 0 111
Nonrelated Party    
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid $ 1,144 $ 1,039