April end-of-month figures show slight per-share declines across most classes despite continued growth in total assets and net asset value.

May 21, 2026

Fortress Credit Realty Income Trust reported on May 15, 2026, its net asset value per share for each outstanding class of common shares as of April 30, 2026, alongside comparative figures from March 31, 2026. The disclosures show continued growth in the company’s total assets and net asset value, even as per-share NAVs across most share classes ticked slightly lower month over month.

The trust’s total net asset value reached approximately $1.34 billion as of April 30, up from roughly $1.32 billion at the end of March. The number of outstanding shares grew from approximately 66.1 million to 67.1 million during the same period.

NAV Per Share by Class

As of April 30, 2026, the per-share NAV figures across the trust’s eight active share classes were:

• Class B: $20.0101
• Class R: $19.8628
• Class J-1: $19.8695
• Class J-2: $19.8536
• Class J-4: $20.0982
• Class S: $20.0708
• Class I: $20.0638
• Class E: $19.9905

All eight share classes posted modest declines compared to their March 31 values, which had ranged from approximately $19.88 to $20.13 per share.

Portfolio and Balance Sheet Changes

The detailed component breakdown reveals continued expansion of the company’s investment portfolio. Commercial real estate loan investments grew from approximately $2.43 billion at the end of March to roughly $2.62 billion at the end of April. Investments in real estate-related assets, which include tax liens, mortgage servicing rights, and residential bridge loans, increased from about $386 million to $410 million. Combined, total invested assets in these two categories reached approximately $3.03 billion as of April 30.

To support this growth, the company’s secured debt arrangements increased from roughly $1.51 billion to $1.66 billion, while the revolving credit facility balance grew from approximately $227 million to $241 million. Cash and cash equivalents declined from approximately $208 million to $178 million as capital was deployed into new investments.

Share Class Composition

Class B remained the largest share class with approximately 26.3 million shares outstanding and a total value of roughly $526 million. Class J-1 was the second-largest at approximately 16.2 million shares valued at $322 million. Class I and Class J-4 also showed notable growth in outstanding shares during the period.

The continued portfolio expansion follows the company’s substantial growth in fiscal 2025, as detailed in the trust’s annual report covering that period, when total assets reached approximately $2.6 billion. The April figures also reflect the impact of the company’s recently established $350 million Santander repurchase facility, which was announced earlier in April 2026 to provide additional financing capacity for the trust’s loan acquisitions and originations.

Fortress Credit Realty Income Trust is externally managed by an affiliate of Fortress Investment Group and focuses on senior floating-rate commercial real estate loans and diversified residential real estate assets.