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FS Credit Real Estate Income Trust, Inc. has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing net interest income of $76,540, a decrease from $83,233 in the same quarter the previous year. The decrease is attributed to increased interest expense.
Interest income for the quarter was $192,570, compared to $192,867 in the previous year. Interest expense increased to $118,066 from $110,572 in the previous year.
The company reported net income of $52,103 for the quarter, compared to $55,954 in the previous year. After preferred dividends, net income attributable to common stockholders was $52,100, compared to $55,951 in the previous year.
Cash flows from operating activities were $182,382, while cash used in investing and financing activities was $175,916 and $42,573, respectively.
As of September 30, 2024, FS Credit Real Estate Income Trust, Inc. had total assets of $10,197,443 and total liabilities of $7,438,724.
The company had a working capital of $2,758,719 as of September 30, 2024. The filing acknowledges its reliance on positive operating results and potential financing to meet future obligations.
FS Credit Real Estate Income Trust, Inc. does not anticipate cash dividend payments to common stockholders in the near future.
The company continues to focus on originating and managing a portfolio of senior loans secured by commercial real estate primarily in the United States.
The filing also details various financial agreements, including a new master repurchase agreement with Wells Fargo, National Association (WFC-0.26%).
The company identified no material legal proceedings that could have a significant impact on its financial condition or results of operations.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the FSREI quarterly 10-Q report dated November 14, 2024. To report an error, please email earnings@qz.com.