NYSE : FBRT
Franklin BSP Realty Trust, Inc. — Financial statements
Real Estate · REIT - Mortgage · United States
Last price 6.01 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 454.79M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 372.69M | 430.28M | 526.08M | 552.51M | 357.70M | 216.89M |
| Total Interest Expense | 263.37M | 288.33M | 338.47M | 305.00M | 116.98M | 49.19M |
| Net Interest Income | 109.32M | 141.95M | 187.60M | 247.51M | 240.72M | 167.70M |
| Other Revenue | 178.83M | 128.12M | 35.76M | 21.21M | 9.65M | 4.76M |
| Revenue Before Loan Losses | 288.15M | 270.07M | 223.37M | 268.73M | 250.38M | 172.46M |
| Provision for Loan Losses | 53.84M | -11.85M | 35.70M | 33.74M | 36.12M | -5.19M |
| Revenue | 234.32M | 281.92M | 187.67M | 234.99M | 214.26M | 177.65M |
| Salaries & Employee Benefits | 90.63M | 53.74M | ||||
| Cost of Services Provided | 69.05M | 64.55M | 51.17M | 64.80M | 63.01M | 48.62M |
| Other Operating Expenses | 40.91M | 40.57M | 21.47M | 11.74M | 125.14M | 39.19M |
| Total Operating Expenses | 220.02M | 177.57M | 86.44M | 88.43M | 196.08M | 89.92M |
| Operating Income | 14.30M | 104.35M | 101.22M | 146.56M | 18.18M | 87.73M |
| Earnings From Equity Investments | 17.19M | 3.58M | ||||
| EBT Excluding Unusual Items | 31.50M | 107.93M | 101.22M | 146.56M | 18.18M | 87.73M |
| Gain (Loss) on Sale of Investments | -12.19M | -3.26M | -7.84M | -7.01M | -692.00K | 9.79M |
| Other Unusual Items | -5.47M | -7.66M | 2.20M | -5.17M | -4.64M | |
| Pretax Income | 16.18M | 87.97M | 93.52M | 141.75M | 13.82M | 29.30M |
| Income Tax Expense | -3.72M | 3.88M | 1.12M | -2.76M | -399.00K | 3.60M |
| Earnings From Continuing Ops. | 19.91M | 84.08M | 92.40M | 144.51M | 14.21M | 25.70M |
| Minority Interest in Earnings | -1.34M | -1.81M | 3.48M | 706.00K | 216.00K | |
| Net Income | 18.56M | 82.27M | 95.88M | 145.22M | 14.43M | 25.70M |
| Preferred Dividends & Other Adjustments | 25.95M | 29.06M | 28.80M | 28.16M | 41.74M | 33.59M |
| Net Income to Common | -7.38M | 53.21M | 67.08M | 117.06M | -27.31M | -7.88M |
| Shares Outstanding (Basic) | 79.50M | 81.97M | 81.85M | 82.31M | 71.63M | 43.42M |
| Shares Outstanding (Diluted) | 79.50M | 86.19M | 81.85M | 82.31M | 71.63M | 43.43M |
| EPS (Basic) | -0.09 | 0.65 | 0.82 | 1.42 | -0.38 | -0.18 |
| EPS (Diluted) | -0.09 | 0.64 | 0.82 | 1.42 | -0.38 | -0.18 |
| Dividend Per Share | 0.95 | 1.42 | 1.42 | 1.42 | 1.42 | 0.28 |
| Operating Margin | 6.10% | 37.01% | 53.94% | 62.37% | 8.49% | 49.38% |
| Profit Margin | -3.15% | 18.88% | 35.74% | 49.82% | -12.75% | -4.44% |
| Effective Tax Rate | 4.42% | 1.20% | 12.28% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 100.82M | 167.29M | 184.44M | 337.60M | 179.31M | 154.93M |
| Long-Term Investments | 88.94M | 71.97M | 35.67M | 74.67M | 221.03M | 2.07M |
| Trading Asset Securities | 17.70M | 11.31M | 8.53M | 4.57B | ||
| Loans & Lease Receivables | 3.97B | 4.38B | 4.91B | 4.99B | 5.23B | 4.21B |
| Other Receivables | 41.98M | 92.09M | 199.81M | 97.66M | 76.56M | 282.46M |
| Goodwill | 92.05M | 92.05M | ||||
| Other Intangible Assets | 313.31M | 327.77M | 39.83M | 42.79M | 54.83M | 48.47M |
| Restricted Cash | 18.79M | 17.89M | 12.42M | 6.09M | 11.17M | 70.04M |
| Other Current Assets | 205.31M | 244.00M | 240.42M | 122.87M | 279.90M | 13.60M |
| Other Long-Term Assets | 805.47M | 271.13M | 293.86M | 283.73M | 127.77M | 90.05M |
| Total Assets | 6.03B | 6.06B | 6.00B | 5.96B | 6.20B | 9.47B |
| Accounts Payable | 20.40M | 18.89M | 4.08M | 13.34M | 17.67M | 12.71M |
| Accrued Expenses | 69.40M | 71.83M | 26.95M | 34.70M | 28.14M | 20.23M |
| Short-Term Debt | 39.51M | 212.23M | 237.32M | 3.74B | 3.56B | 6.37B |
| Current Portion of Long-Term Debt | 761.61M | 802.57M | 100.07M | 76.86M | 247.85M | 273.83M |
| Current Portion of Leases | 664.00K | 2.67M | ||||
| Long-Term Debt | 3.13B | 3.24B | 3.98B | 364.67M | 632.00M | 956.26M |
| Long-Term Leases | 8.34M | 7.85M | ||||
| Other Current Liabilities | 21.43M | 38.94M | 36.24M | 48.43M | 36.32M | 30.35M |
| Other Long-Term Liabilities | 530.05M | 38.63M | 11.65M | 6.43M | ||
| Total Liabilities | 4.58B | 4.44B | 4.39B | 4.28B | 4.53B | 7.67B |
| Common Stock | 755.00K | 808.00K | 818.00K | 820.00K | 826.00K | 441.00K |
| Additional Paid-In Capital | 1.56B | 1.59B | 1.60B | 1.60B | 1.60B | 903.26M |
| Retained Earnings | -474.45M | -411.10M | -348.07M | -298.94M | -299.23M | -167.18M |
| Comprehensive Income & Other | -284.00K | 79.00K | -703.00K | 390.00K | -62.00K | |
| Total Common Equity | 1.09B | 1.18B | 1.25B | 1.30B | 1.30B | 736.46M |
| Minority Interest | 6.16M | 89.95M | 7.50M | 27.09M | 15.41M | 5.76M |
| Shareholders' Equity | 1.44B | 1.62B | 1.61B | 1.68B | 1.67B | 1.81B |
| Total Liabilities & Equity | 6.03B | 6.06B | 6.00B | 5.96B | 6.20B | 9.47B |
| Total Debt | 3.94B | 4.27B | 4.31B | 4.18B | 4.44B | 7.60B |
| Net Cash (Debt) | -3.82B | -4.07B | -4.13B | -3.85B | -4.25B | -2.88B |
| Net Cash Per Share | -48.09 | -47.23 | -50.45 | -46.72 | -59.39 | -66.33 |
| Filing Date Shares Outstanding | 75.67M | 80.97M | 82.21M | 82.12M | 82.87M | 43.95M |
| Total Common Shares Outstanding | 75.88M | 81.55M | 83.07M | 82.75M | 82.97M | 43.95M |
| Working Capital | 3.81B | 4.15B | 5.23B | 1.64B | 1.91B | 2.62B |
| Book Value Per Share | 14.33 | 14.50 | 15.09 | 15.71 | 15.72 | 16.76 |
| Tangible Book Value | 883.31M | 975.19M | 1.21B | 1.26B | 1.25B | 687.99M |
| Tangible Book Value Per Share | 11.64 | 11.96 | 14.61 | 15.20 | 15.06 | 15.65 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 18.56M | 82.27M | 95.88M | 145.22M | 14.43M | 25.70M |
| Depreciation & Amortization | 50.40M | 29.04M | 5.63M | 8.41M | 5.33M | 2.11M |
| Other Amortization | 11.37M | 12.96M | 13.04M | 7.78M | 6.31M | 4.56M |
| Gain on Sale of Loans & Receivables | -15.96M | -17.86M | -13.26M | -3.87M | 354.00K | |
| Loss (Gain) From Sale of Investments | -714.00K | -6.26M | -2.83M | -5.32M | 67.83M | 11.29M |
| Asset Writedown & Restructuring Costs | -4.37M | 2.59M | ||||
| Provision for Credit Losses | 53.61M | -11.85M | 35.70M | 33.69M | 36.63M | -5.66M |
| Loss (Gain) on Equity Investments | -12.31M | -1.71M | ||||
| Stock-Based Compensation | 8.39M | 9.12M | 8.17M | 4.76M | 2.52M | 211.00K |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 145.35M | 200.38M | -74.14M | 19.48M | 18.12M | 33.40M |
| Change in Accounts Payable | -3.57M | 4.96M | 3.95M | -2.17M | 15.05M | 4.36M |
| Change in Other Net Operating Assets | -19.29M | -3.22M | -8.07M | 4.59M | -7.63M | 102.88M |
| Other Operating Activities | -21.46M | -17.63M | -13.58M | -14.27M | -5.86M | -27.66M |
| Operating Cash Flow | 216.56M | 291.94M | 57.23M | 197.39M | 152.51M | 146.50M |
| Cash Acquisitions | -297.31M | 174.08M | ||||
| Sale (Purchase) of Intangibles | -300.00K | -360.00K | ||||
| Investment in Securities | 68.45M | 40.09M | 27.14M | 195.02M | 3.51B | 2.09B |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 236.06M | 579.21M | -218.43M | 129.27M | -959.45M | -1.60B |
| Other Investing Activities | -24.34M | -171.00K | 1.76M | 17.91M | 544.25M | 542.55M |
| Investing Cash Flow | 291.60M | 380.81M | -155.47M | 380.81M | 3.10B | 1.07B |
| Short-Term Debt Issued | 62.55M | 18.46B | 13.55B | |||
| Long-Term Debt Issued | 6.07B | 1.81B | 1.35B | 3.59B | 3.53B | |
| Total Debt Issued | 7.73B | 6.07B | 1.87B | 1.35B | 22.05B | 17.08B |
| Short-Term Debt Repaid | -49.24M | -265.95M | -22.20B | -15.98B | ||
| Long-Term Debt Repaid | -6.52B | -1.74B | -1.34B | -2.97B | -2.16B | |
| Total Debt Repaid | -7.98B | -6.57B | -1.74B | -1.60B | -25.17B | -18.14B |
| Net Debt Issued (Repaid) | -253.35M | -498.95M | 128.13M | -252.17M | -3.12B | -1.07B |
| Issuance of Preferred Stock | 15.00M | |||||
| Repurchase of Common Stock | -132.92M | -16.76M | -6.38M | -13.32M | -16.58M | -11.42M |
| Total Dividends Paid | -115.29M | -145.58M | -144.91M | -144.35M | -139.41M | -67.95M |
| Other Financing Activities | -30.86M | -23.14M | -25.43M | -15.16M | 49.39M | -9.52M |
| Financing Cash Flow | -532.42M | -684.43M | -48.58M | -424.99M | -3.23B | -1.14B |
| Net Cash Flow | -24.25M | -11.68M | -146.82M | 153.20M | 22.29M | 76.06M |
| Cash Interest Paid | 256.35M | 275.82M | 324.57M | 295.13M | 144.19M | 51.05M |
| Cash Income Tax Paid | 1.43M | 1.10M | 1.03M | 325.00K | 1.20M | 140.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 461.60M | 818.51M | 1.04B | 1.11B | 1.06B | 656.63M |
| PE Ratio | 15.38 | 15.53 | 9.47 | |||
| PS Ratio | 1.97 | 2.90 | 5.55 | 4.72 | 4.96 | 3.70 |
| PB Ratio | 0.42 | 0.51 | 0.65 | 0.66 | 0.64 | 0.36 |
| P/OCF Ratio | 2.13 | 2.80 | 18.20 | 5.62 | 6.97 | 4.48 |
| Debt / Equity Ratio | 2.73 | 2.63 | 2.68 | 2.50 | 2.65 | 4.21 |
| Net Debt / Equity Ratio | 2.65 | 2.51 | 2.56 | 2.29 | 2.54 | 1.59 |
| Quick Ratio | 4.52 | 4.07 | 13.08 | 1.39 | 1.41 | 1.37 |
| Current Ratio | 5.18 | 4.62 | 13.92 | 1.42 | 1.49 | 1.39 |
| Asset Turnover | 0.04 | 0.05 | 0.03 | 0.04 | 0.03 | 0.03 |
| Return on Equity (ROE) | 1.29% | 5.21% | 5.62% | 8.63% | 0.82% | 1.83% |
| Return on Assets (ROA) | 0.33% | 1.39% | 1.55% | 2.38% | 0.18% | 0.41% |
| Return on Invested Capital (ROIC) | 0.26% | 1.69% | 1.70% | 2.45% | 0.23% | 1.23% |
| Earnings Yield | -1.52% | 10.05% | 9.20% | 13.10% | 1.36% | 3.91% |
| Dividend Yield | 13.11% | 14.15% | 11.32% | 10.60% | 11.07% | 1.91% |
| Payout Ratio | 176.95% | 151.14% | 99.40% | 966.08% | 264.40% | |
| Buyback Yield / Dilution | 5.56% | -5.31% | 0.56% | -14.91% | -64.91% | 2.17% |
| Total Shareholder Return | 18.70% | 8.84% | 11.88% | -4.31% | -53.84% | 4.08% |