# EDGAR Filing Document

**Accession Number:** 0002026738
**File Stem:** 0001193125-25-287949
**Filing Date:** 2025-11
**Character Count:** 7606
**Document Hash:** 569ca6b250631b664f7f464852cee012
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-287949.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0001193125-25-287949

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20251114

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORTRESS CREDIT REALTY INCOME TRUST
- **CENTRAL INDEX KEY:** 0002026738
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 993367363
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56685
- **FILM NUMBER:** 251498624

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS, 46TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** (212) 798-6100

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS, 46TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

?xml version='1.0' encoding='ASCII'? 8-K

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

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## FORM 8-K

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**CURRENT REPORT**

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

**Date of Report (Date of earliest event reported):** November 14, 2025<br>

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Fortress Credit Realty Income Trust

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Maryland | 000-56685 | 99-3367363 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 1345 Avenue of the Americas |  |  |
| New York**,** New York |  | 10105 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** (212) 798-6100<br>

Not Applicable

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

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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:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| N/A | N/A | N/A |

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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. ☐

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## Item 8.01 Other Events.
***October 31, 2025 NAV Per Share***

On November 14, 2025, 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 October 31, 2025, which is set forth below:

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| | |
|:---|:---|
|  | **NAV per Share** |
| Class B | $20.0772 |
| Class R | $19.9368 |
| Class J-1 | $19.9431 |
| Class J-2 | $19.9277 |
| Class J-4 | $20.1649 |
| Class S | $20.1441 |
| Class I | $20.1421 |
| Class E | $20.0544 |

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***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 October 31, 2025 (amounts in thousands):

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| | |
|:---|:---|
| **Components of NAV** | **Amount** |
| Commercial real estate loan investments | $1778379 |
| Investments in real estate-related assets | 331268 |
| Cash and cash equivalents | 173118 |
| Restricted cash | 114364 |
| Other assets | 18386 |
| Secured debt arrangements | (934424) |
| Subscriptions received in advance | (43218) |
| Revolving credit facilities | (177942) |
| Distribution payable | (7467) |
| Due to affiliate | (3030) |
| Other liabilities | (49764) |
| Non-controlling interests | (25739) |
| **Net Asset Value** | $1173931 |
| Number of outstanding shares | 58597 |

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

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| | | | |
|:---|:---|:---|:---|
|  | **Net Asset Value** | **Number of Outstanding Shares** | **NAV per Share<br>as of October 31, 2025** |
| Class B | $485157 | 24166 | $20.0772 |
| Class R | 88897 | 4459 | $19.9368 |
| Class J-1 | 314249 | 15757 | $19.9431 |
| Class J-2 | 66587 | 3341 | $19.9277 |
| Class J-4 | 93474 | 4635 | $20.1649 |
| Class S | 17101 | 849 | $20.1441 |
| Class I | 82550 | 4098 | $20.1421 |
| Class E | 25916 | 1292 | $20.0544 |
| **Total** | $1173931 | 58597 |  |

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The following table provides a breakdown of the major components of NAV as of September 30, 2025 (amounts in thousands):

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| | |
|:---|:---|
| **Components of NAV** | **Amount** |
| Commercial real estate loan investments | $1703977 |
| Investments in real estate-related assets | 349392 |
| Cash and cash equivalents | 196618 |
| Restricted cash | 110396 |
| Other assets | 18792 |
| Secured debt arrangements | (924098) |
| Subscriptions received in advance | (36656) |
| Revolving credit facilities | (190432) |
| Distribution Payable | (7092) |
| Due to affiliate | (3862) |
| Other liabilities | (51969) |
| Non-controlling interests | (24682) |
| **Net Asset Value** | $1140384 |
| Number of outstanding shares | 56839 |

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The following table provides a breakdown of our total NAV and NAV per share by class as of September 30, 2025 (amounts in thousands, except per share data):

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| | | | |
|:---|:---|:---|:---|
|  | **Net Asset Value** | **Number of Outstanding Shares** | **NAV per Share<br>as of September 30, 2025** |
| Class B | $469231 | 23334 | $20.1084 |
| Class R | 88906 | 4452 | $19.9705 |
| Class J-1 | 313729 | 15705 | $19.9767 |
| Class J-2 | 66406 | 3327 | $19.9613 |
| Class J-4 | 84566 | 4188 | $20.1924 |
| Class S | 15676 | 777 | $20.1722 |
| Class I | 75986 | 3767 | $20.1707 |
| Class E | 25884 | 1289 | $20.0869 |
| **Total** | $1140384 | 56839 |  |

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**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.

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| | | |
|:---|:---|:---|
|  |  | **Fortress Credit Realty Income Trust** |
| Dated: November 19, 2025 | By:  | /s/ Avraham Dreyfuss |
|  |  | Name: Avraham Dreyfuss<br>Title: Chief Financial Officer |

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