UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported): February 13, 2026

    

Fortress Credit Realty Income Trust

(Exact name of Registrant as Specified in Its Charter)


Maryland	000-56685	99-3367363
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1345 Avenue of the Americas
New York, New York		10105
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: (212) 798-6100

    

     Not Applicable

    

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
N/A	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

January 31, 2026 NAV Per Share

On February 13, 2026, Fortress Credit Realty Income Trust (the “Company” or “we”) reported net asset value (“NAV”) per share for each outstanding class of common shares of the Company as of January 31, 2026, which is set forth below:


	NAV per Share
Class B	$	20.0550
Class R	$	19.9107
Class J-1	$	19.9172
Class J-2	$	19.9015
Class J-4	$	20.1350
Class S	$	20.1129
Class I	$	20.1116
Class E	$	20.0367

Net Asset Value

A detailed calculation of the NAV per share is set forth below. We calculate NAV per share in accordance with the valuation guidelines that have been approved by our board of trustees. Our total NAV presented in the following tables includes the NAV of our outstanding classes of common shares, which includes Class B, Class R, Class J-1, Class J-2, Class J-4, Class S, Class I and Class E common shares. The following table provides a breakdown of the major components of our NAV as of January 31, 2026 (amounts in thousands):


Components of NAV	Amount
Commercial real estate loan investments	$	2,185,245
Investments in real estate-related assets		445,000
Cash and cash equivalents		281,198
Restricted cash		99,918
Other assets		36,901
Secured debt arrangements		(1,405,139	)
Subscriptions received in advance		(12,441	)
Revolving credit facilities		(261,992	)
Distribution Payable		(8,337	)
Due to affiliate		(4,403	)
Other liabilities		(56,528	)
Non-controlling interests		(21,865	)
Net Asset Value	$	1,277,557
Number of outstanding shares		63,829

The following table provides a breakdown of our total NAV and NAV per share by class as of January 31, 2026 (amounts in thousands, except per share data):


	Net Asset Value		Number of Outstanding Shares		NAV per Share as of January 31, 2026
Class B	$	523,132		26,085	$	20.0550
Class R		89,225		4,481	$	19.9107
Class J-1		317,157		15,924	$	19.9172
Class J-2		67,427		3,388	$	19.9015
Class J-4		112,555		5,590	$	20.1350
Class S		22,910		1,139	$	20.1129
Class I		119,421		5,938	$	20.1116
Class E		25,730		1,284	$	20.0367
Total	$	1,277,557		63,829

The following table provides a breakdown of the major components of NAV as of December 31, 2025 (amounts in thousands):


Components of NAV	Amount
Commercial real estate loan investments	$	2,177,027
Investments in real estate-related assets		471,526
Cash and cash equivalents		213,124
Restricted cash		159,641
Other assets		33,946
Secured debt arrangements		(1,386,979	)
Subscriptions received in advance		(36,016	)
Revolving credit facilities		(295,078	)
Distribution payable		(8,147	)
Due to affiliate		(4,400	)
Other liabilities		(60,712	)
Non-controlling interests		(23,890	)
Net Asset Value	$	1,240,042
Number of outstanding shares		61,901

The following table provides a breakdown of our total NAV and NAV per share by class as of December 31, 2025 (amounts in thousands, except per share data):


	Net Asset Value		Number of Outstanding Shares		NAV per Share as of December 31, 2025
Class B	$	508,642		25,338	$	20.0745
Class R		89,167		4,474	$	19.9319
Class J-1		316,355		15,867	$	19.9383
Class J-2		67,180		3,372	$	19.9226
Class J-4		103,098		5,116	$	20.1523
Class S		22,293		1,107	$	20.1319
Class I		107,880		5,359	$	20.1293
Class E		25,427		1,268	$	20.0564
Total	$	1,240,042		61,901

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		Fortress Credit Realty Income Trust

Dated: February 19, 2026	By:	/s/ Avraham Dreyfuss
		Name: Avraham Dreyfuss Title: Chief Financial Officer

FORTRESS CREDIT REALTY INCOME TRUST 8-K