FORTRESS CREDIT REALTY INCOME TRUST

For fiscal year 2025 ending December 31, 2025, the Company reported total revenues of $145.5 million, driven entirely by interest income. Operating expenses totaled $27.7 million, comprising organizational costs of $317K, general and administrative expenses of $18.1 million, management fees of $8.4 million, and performance participation allocation of $958K. Other income and expenses netted to a $46.4 million loss, primarily from $53.1 million in interest expense, partially offset by $13.2 million in other income, net unrealized loss on investments of $4.7 million, and net realized loss of $1.8 million. This resulted in net income of $71.4 million, with $68.8 million attributable to common shareholders. Earnings per common share were $1 basic and diluted, based on 47.2 million weighted-average shares. The balance sheet reflected total assets of $3.06 billion, dominated by $2.18 billion in commercial real estate loan investments at fair value and $471.5 million in real estate-related assets. Liabilities stood at $1.85 billion, including $1.39 billion in repurchase facilities and $295.1 million in revolving credit facility. Shareholders' equity was $1.16 billion. Cash flows showed $73.8 million from operations, $2.18 billion used in investing activities focused on loan originations and fundings, and $2.28 billion provided by financing activities, including $878.8 million from common share issuances. Net change in cash, cash equivalents, and restricted cash was $175.9 million, with ending balances of $213.1 million in cash and $159.6 million restricted.

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