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 Sep 21, 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 Sep 3, 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 nine months to Jun 30, 2026 was $3.8M. In the nine months to Jun 30, 2026 it raised $6.2M from new shares, paid $4.3M in distributions. Reported NAV per share: $20.00 as of Jul 19, 2024.

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
NAV per share	$20.00	as of Jul 19, 2024	—	—	10-K · Mar 26, 2025
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	nine months to Jun 30, 2026	$9.3M	+41.6%	10-Q · Aug 7, 2026
Net income (loss)	$3.8M	nine months to Jun 30, 2026	−$570K	+774.0%	10-Q · Aug 7, 2026
Cash from operations	$5.2M	nine months to Jun 30, 2026	$361K	+1353.2%	10-Q · Aug 7, 2026
Management fees	$431K	nine 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	nine months to Jun 30, 2026	$4.2M	+49.1%	10-Q · Aug 7, 2026
Distributions paid	$4.3M	nine 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.

If you have real money in this, do not decide it alone.

We can tell you what the filings say. What we cannot tell you is what it means for your particular position, your tax situation and the rest of your portfolio, and anyone who does that from a web page without knowing your circumstances is guessing. With money in a non-traded REIT you cannot sell at will, reading its filings to decide whether to hold, redeem or tender, that is the part that actually matters.

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Filing timeline.

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

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 ↗
Jan 6, 20264 · Insider transactionEDGAR ↗
Jan 6, 20264 · Insider transactionEDGAR ↗

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 Sep 21, 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

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