FORTRESS CREDIT REALTY INCOME TRUST 8-K

What Happened
Fortress Credit Realty Income Trust announced its net asset value (NAV) per share for each outstanding class of common shares as of December 31, 2025. The company reported total NAV of $1,240,042 (amounts in the filing are stated in thousands, i.e., roughly $1.24 billion) and 61,901 (thousands in filing) outstanding shares (about 61.90 million), yielding NAV per share by class around $20. The 8-K was filed January 20, 2026 after the NAV was reported on January 16, 2026. NAV is calculated under the board-approved valuation guidelines.

Key Details

• Total NAV: $1,240,042 (filing amounts in thousands) ≈ $1.24 billion; Outstanding shares: 61,901 (thousands) ≈ 61.901 million.
• NAV per share by class (as of Dec 31, 2025): Class B $20.0745; Class R $19.9319; Class J-1 $19.9383; Class J-2 $19.9226; Class J-4 $20.1523; Class S $20.1319; Class I $20.1293; Class E $20.0564.
• Major balance-sheet components (amounts in filing thousands): Commercial real estate loan investments $2,177,027 ($2.18B); investments in real estate-related assets $471,526 ($472M); cash and equivalents $213,124 ($213M); secured debt arrangements $(1,386,979) ($1.39B); revolving credit facilities $(295,078) (~$295M).
• Month-over-month comparison to Nov 30, 2025: NAV rose from $1,220,914 to $1,240,042 (increase of $19,128 in filing thousands ≈ $19.13M); outstanding shares increased from 60,864 (thousands) to 61,901 (thousands).

Why It Matters
NAV gives investors a snapshot of the trust’s per-share value and portfolio composition. The December 2025 NAV shows a modest month-over-month increase (~$19.1M) and NAV per share across classes near $20, reflecting the trust’s loan investments and related assets net of secured debt and credit facilities. Retail investors can use these NAV figures to assess per-share value, track monthly trends, and compare to market/share trading prices; the filing does not announce earnings, dividends changes, or management departures.