Core Insights - Prospect Credit REIT, LLC ("PCRED") achieved an annualized total return of 13.14% to investors from its first investment closing on February 6, 2025, through December 31, 2025 [1] - PCRED's return outperformed the Robert A. Stanger Composite NAV REIT Index by 2.01 times, which had a return of 6.50% in 2025 [2] - As of January 2026, PCRED's current shareholder distribution rate is 9.00% per annum, with eleven consecutive months of distributions fully covered by net investment income [3] Performance Comparison - PCRED's annualized return since inception is 13.14%, while the Stanger Composite NAV REIT Index has annualized returns of 6.50% for 1 year, 1.90% for 3 years, and 7.20% for 5 years [4] - The Stanger Composite NAV REIT Index primarily includes equity-focused NAV REITs, while PCRED focuses on higher-priority, less-volatile credit investments [4] Management and Investment Strategy - PCRED is managed by Prospect Credit REIT Advisor, LLC, which has a team of investment professionals with 38 years of experience in managing debt and equity investments [6] - Prospect and its affiliates have $7.3 billion of regulatory assets under management as of September 30, 2025, and have invested in over 32,000 multifamily units with an initial property value of $3.9 billion [6][7]