FORTRESS CREDIT REALTY INCOME TRUST 8-K

What Happened
Fortress Credit Realty Income Trust reported its net asset value (NAV) by share class as of April 30, 2026 (reported May 15, 2026; 8-K filed May 20, 2026). The total NAV was $1,340,343 (amounts presented in the filing are in thousands) with 67,104 outstanding shares (as presented). NAV per share by class was generally around $19.85–$20.11 (examples: Class B $20.0101, Class I $20.0638, Class J-4 $20.0982). The company also provided the underlying NAV components and a month-over-month comparison to March 31, 2026.

Key Details

• Total Net Asset Value (as reported): $1,340,343 (amounts in thousands); outstanding shares: 67,104 (as presented).
• NAV by class (April 30, 2026): 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.
• Major NAV components (April 30, 2026, amounts in thousands): Commercial real estate loan investments $2,619,488; investments in real estate-related assets $410,472; secured debt arrangements $(1,658,124).
• Month-over-month change: NAV increased from $1,321,133 (March 31, 2026) to $1,340,343 (April 30, 2026); shares outstanding rose from 66,094 to 67,104 (as presented).

Why It Matters
NAV is a primary measure investors use to assess the value of a real-estate-focused trust’s portfolio and how that value is allocated across share classes. The report shows a modest increase in total NAV and in shares outstanding month-over-month, and it discloses the major asset and liability drivers behind the NAV (loan investments and secured debt). This is factual, non‑forward‑looking information investors can use to compare market price to underlying value and to monitor changes in portfolio size and leverage.