Vehicle file · Non-traded REIT

Principal Credit Real Estate Income Trust

What its SEC filings show.

SEC CIK 2026448·Inc. MD·Fiscal year end 12/31·Data as filed · pulled Oct 17, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

Principal Credit Real Estate Income Trust is a non-traded REIT registered with the SEC under CIK 2026448 (incorporated in MD). Its most recent filing is an 8-K (current report) dated Oct 6, 2026. As of Jun 30, 2026 it reported total assets of $384.3M (up 35.0% from $284.6M a year earlier) and stockholders' equity of $8.2M. Net income (loss) for the six months to Jun 30, 2026 was $3.8M. It raised $6.2M from new shares in the six months to Jun 30, 2026; paid $4.3M in distributions in the six months to Jun 30, 2026. Reported NAV per share: $20.00 as of Jul 19, 2024.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 81 other vehicles of this type we track.

Cash from operations was $5.2M against $4.3M of distributions paid in the six months to Jun 30, 2026: operations covered 121% of the payout. It ranks 14th of the 23 vehicles of this type that report the same figures (1st = best covered).
Liabilities were 71% of total assets at Jun 30, 2026. It ranks 35th of the 56 vehicles of this type that report the same figures (1st = least leveraged).

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$384.3M	as of Jun 30, 2026	$284.6M	+35.0%	10-Q · Aug 7, 2026
Cash and equivalents	$22.5M	as of Jun 30, 2026	$9.3M	+141.9%	10-Q · Aug 7, 2026
Total liabilities	$273.1M	as of Jun 30, 2026	$233.5M	+17.0%	10-Q · Aug 7, 2026
Stockholders' equity	$8.2M	as of Jun 30, 2026	$295K	+2696.3%	10-Q · Aug 7, 2026
Shares outstanding	707,826 shares	as of Jun 30, 2026	203,463 shares	+247.9%	10-Q · Aug 7, 2026
Shares outstanding (cover page)	50 shares	as of Nov 12, 2024	—	—	10-Q · Nov 12, 2024

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Revenues	$13.2M	six months to Jun 30, 2026	$9.3M	+41.6%	10-Q · Aug 7, 2026
Net income (loss)	$3.8M	six months to Jun 30, 2026	−$570K	+774.0%	10-Q · Aug 7, 2026
Cash from operations	$5.2M	six months to Jun 30, 2026	$361K	+1353.2%	10-Q · Aug 7, 2026
Management fees	$431K	six months to Jun 30, 2026	$127K	+239.4%	10-Q · Aug 7, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$6.2M	six months to Jun 30, 2026	$4.2M	+49.1%	10-Q · Aug 7, 2026
Distributions paid	$4.3M	six months to Jun 30, 2026	$1.1M	+307.5%	10-Q · Aug 7, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Oct 6, 20268-K · Current reportItems 3.02EDGAR ↗
Sep 30, 20268-K · Current reportItems 7.01EDGAR ↗
Sep 3, 20268-K · Current reportItems 3.02EDGAR ↗
Aug 31, 20268-K · Current reportItems 7.01EDGAR ↗
Aug 7, 202610-Q · Quarterly reportEDGAR ↗
Aug 6, 20268-K · Current reportItems 3.02EDGAR ↗
Jul 31, 20268-K · Current reportItems 7.01EDGAR ↗
Jul 6, 20268-K · Current reportItems 3.02EDGAR ↗
Jun 30, 20268-K · Current reportItems 7.01EDGAR ↗
Jun 4, 20268-K · Current reportItems 3.02EDGAR ↗
May 29, 20268-K · Current reportItems 7.01EDGAR ↗
May 13, 202610-Q · Quarterly reportEDGAR ↗
May 6, 20268-K · Current reportItems 3.02EDGAR ↗
Apr 30, 20268-K · Current reportItems 7.01EDGAR ↗
Apr 7, 20268-K · Current reportItems 3.02EDGAR ↗
Mar 31, 20268-K · Current reportItems 7.01EDGAR ↗
Mar 26, 202610-K · Annual reportEDGAR ↗
Mar 9, 20263 · Insider holdingsEDGAR ↗
Mar 6, 20268-K · Current reportItems 3.02EDGAR ↗
Feb 27, 20268-K · Current reportItems 7.01EDGAR ↗
Feb 6, 20268-K · Current reportItems 3.02EDGAR ↗
Jan 30, 20268-K · Current reportItems 3.02,5.03,7.01EDGAR ↗
Jan 29, 2026D · Exempt offering notice (Form D)Items 06bEDGAR ↗
Jan 23, 2026D/A · FilingItems 06bEDGAR ↗
Jan 8, 20268-K · Current reportItems 3.02EDGAR ↗

Our reads on Principal Credit Real Estate Income Trust.

No forensic read of this vehicle yet. When a filing changes something for holders — a tender offer, a repurchase cap, a NAV reset, a distribution cut — the read goes here.

Source: SEC EDGAR, XBRL company facts and filing index for CIK 2026448, retrieved Oct 17, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

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Principal Credit Real Estate Income Trust

What the figures say together

Key figures, as filed.

Filing timeline.

Our reads on Principal Credit Real Estate Income Trust.

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