FORTRESS CREDIT REALTY INCOME TRUST 8-K

What Happened
Fortress Credit Realty Income Trust filed an 8-K on June 18, 2026 reporting its net asset value (NAV) as of May 31, 2026. The company reported total NAV of $1,365,249 (amounts in thousands, i.e., about $1.365B) and 68,352 (reported in thousands) shares outstanding, producing NAV per share by class in the $19.85–$20.09 range. The filing also provided April 30, 2026 comparatives showing total NAV of $1,340,343 (amounts in thousands).

Key Details

• Total reported NAV as of May 31, 2026: $1,365,249 (amounts in thousands, ≈ $1.365B). April 30, 2026 NAV: $1,340,343 (amounts in thousands). Month‑over‑month increase ≈ $24.9M.
• Total shares outstanding (reported): 68,352 (May 31) vs. 67,104 (April 30). NAV per share by class (May 31, 2026) examples:
  • Class B: $20.0097
  • Class R: $19.8612
  • Class J‑1: $19.8680
  • Class J‑4: $20.0940
• Major asset and liability components (May 31, 2026, amounts in thousands): commercial real estate loan investments $2,852,699; investments in real estate‑related assets $409,262; cash and equivalents $193,580; secured debt arrangements $(1,947,911); revolving credit facilities $(252,189).
• Distribution payable recorded at $8,876 (amounts in thousands).

Why It Matters
NAV per share is a primary valuation measure for non‑traded REITs and funds that helps investors gauge the company’s asset value relative to shares outstanding. Fortress’s May NAV shows modest month‑over‑month growth in total NAV while NAV per share stayed near $20 across classes, indicating relatively stable per‑share value despite portfolio funding and liability activity. Investors tracking the trust should note the size of loan investments and secured debt, the small increase in outstanding shares, and the recorded distribution payable for context on liquidity and valuation trends.