FBRT
Franklin BSP Realty Trust, Inc.
Price Chart
No historical data available
Latest Quote
$8.46
| Previous Close | $8.38 |
| Open | $8.37 |
| Day High | $8.51 |
| Day Low | $8.39 |
| Volume | 1,794,752 |
Stock Information
| Quarterly Dividend / Yield | $1.11 / 13.25% |
| Shares Outstanding | 83.05M |
| Quarterly Dividend Yield | 13.25% |
| Quarterly Dividend | $1.11 |
| Total Debt | $4.19B |
| Cash Equivalents | $153.38M |
| Revenue | $292.61M |
| Net Income | $35.56M |
| Sector | Real Estate |
| Industry | REIT - Mortgage |
| Market Cap | $702.56M |
| P/E Ratio | 19.67 |
| EPS (TTM) | $0.43 |
| Exchange | NYQ |
Recent Price History
About Franklin BSP Realty Trust, Inc.
Franklin BSP Realty Trust, Inc., a real estate finance company, originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure in the United States and internationally. The company operates through Real Estate Debt Business; Agency Business; Commercial Real Estate Conduit Business; and Real Estate Owned Business segments. The Real Estate Debt Business focuses on originating, acquiring, and asset managing commercial real estate debt investments, including first mortgages, subordinate mortgages, mezzanine loans, and participations in such loans and focuses on investing in and asset managing real estate securities. The Agency Business focuses on originating, selling, and servicing loans under programs offered by government-sponsored enterprises and agencies. The Commercial Real Estate Conduit Business is focused on generating risk-adjusted returns by originating and selling fixed-rate commercial real estate loans. The Real Estate Owned Business represents real estate acquired by the company through foreclosure, deed-in-lieu of foreclosure, and purchase. It also originates conduit loans. Franklin BSP Realty Trust, Inc. was formerly known as Benefit Street Partners Realty Trust, Inc. and changed its name to Franklin BSP Realty Trust, Inc. in October 2021. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $288,327,000 | $338,471,000 | $304,293,000 | $160,605,000 |
| Cost Of Revenue | $288,327,000 | $338,471,000 | $305,577,000 | $160,526,000 |
| Total Revenue | $500,999,000 | $548,925,000 | $569,527,000 | $367,360,000 |
| Operating Revenue | $500,999,000 | $548,925,000 | $569,527,000 | $367,360,000 |
| Expenses | ||||
| Total Expenses | $415,977,000 | $438,146,000 | $414,761,000 | $266,219,000 |
| Other Income Expense | $2,947,000 | $-17,256,000 | $-13,014,000 | $-87,325,000 |
| Other Non Operating Income Expenses | $-45,919,000 | $-21,472,000 | $-11,135,000 | $-6,572,000 |
| Operating Expense | $127,650,000 | $99,675,000 | $109,184,000 | $105,693,000 |
| General And Administrative Expense | $129,907,000 | $58,346,000 | $68,318,000 | $64,170,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $82,271,000 | $95,878,000 | $145,215,000 | $14,431,000 |
| Normalized Income | $38,994,037 | $91,712,592 | $146,699,410 | $78,225,870 |
| Net Income From Continuing And Discontinued Operation | $82,271,000 | $95,878,000 | $145,215,000 | $14,431,000 |
| Net Income Common Stockholders | $55,278,000 | $68,885,000 | $118,222,000 | $-27,310,000 |
| Net Income | $82,271,000 | $95,878,000 | $145,215,000 | $14,431,000 |
| Net Income Including Noncontrolling Interests | $84,085,000 | $92,403,000 | $144,509,000 | $14,215,000 |
| Net Income Continuous Operations | $84,085,000 | $92,403,000 | $144,509,000 | $14,215,000 |
| Pretax Income | $87,969,000 | $93,523,000 | $141,752,000 | $13,816,000 |
| Special Income Charges | $-8,611,000 | $-996,000 | $960,000 | $-6,527,000 |
| Earnings From Equity Interest | $3,583,000 | $0 | $0 | - |
| Operating Income | $85,022,000 | $110,779,000 | $154,766,000 | $101,141,000 |
| Depreciation Amortization Depletion Income Statement | $9,593,000 | $5,630,000 | $7,128,000 | $5,408,000 |
| Depreciation And Amortization In Income Statement | $9,593,000 | $5,630,000 | $7,128,000 | $5,408,000 |
| Gross Profit | $212,672,000 | $210,454,000 | $263,950,000 | $206,834,000 |
| Per Share | ||||
| Diluted EPS | $0.64 | $0.82 | $1.42 | $-0.38 |
| Basic EPS | $0.65 | $0.82 | $1.42 | $-0.38 |
| Other | ||||
| Tax Effect Of Unusual Items | $2,006,037 | $50,592 | $-394,590 | $-16,958,130 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $49,332,000 | $112,193,000 | $165,057,000 | $187,302,000 |
| Total Unusual Items | $45,283,000 | $4,216,000 | $-1,879,000 | $-80,753,000 |
| Total Unusual Items Excluding Goodwill | $45,283,000 | $4,216,000 | $-1,879,000 | $-80,753,000 |
| Reconciled Depreciation | $9,593,000 | $5,630,000 | $8,412,000 | $5,329,000 |
| EBITDA (Bullshit earnings) | $94,615,000 | $116,409,000 | $163,178,000 | $106,549,000 |
| EBIT | $85,022,000 | $110,779,000 | $154,766,000 | $101,141,000 |
| Diluted Average Shares | $86,192,595 | $81,846,170 | $82,307,970 | $71,628,365 |
| Basic Average Shares | $81,965,156 | $81,846,170 | $82,307,970 | $71,628,365 |
| Diluted NI Availto Com Stockholders | $55,278,000 | $68,885,000 | $118,222,000 | $-27,310,000 |
| Preferred Stock Dividends | $26,993,000 | $26,993,000 | $26,993,000 | $41,741,000 |
| Minority Interests | $-1,814,000 | $3,475,000 | $706,000 | $216,000 |
| Tax Provision | $3,884,000 | $1,120,000 | $-2,757,000 | $-399,000 |
| Other Special Charges | $7,660,000 | - | $-2,201,000 | $5,167,000 |
| Restructuring And Mergern Acquisition | $951,000 | $996,000 | $1,241,000 | $1,360,000 |
| Gain On Sale Of Security | $53,894,000 | $5,212,000 | $-2,839,000 | $-74,226,000 |
| Provision For Doubtful Accounts | $-11,850,000 | $35,699,000 | $33,738,000 | $36,115,000 |
| Selling General And Administration | $129,907,000 | $58,346,000 | $68,318,000 | $64,170,000 |
| Other Gand A | $67,050,000 | $50,173,000 | $63,557,000 | $61,651,000 |
| Salaries And Wages | $62,857,000 | $8,173,000 | $4,761,000 | $2,519,000 |
| Write Off | - | - | $0 | $0 |
| Otherunder Preferred Stock Dividend | - | - | - | $0 |
| Impairment Of Capital Assets | - | - | - | $0 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,021,713,000 | $1,472,728,000 | $1,516,321,000 | $1,508,149,000 |
| Total Assets | $6,057,250,000 | $6,002,386,000 | $5,955,180,000 | $6,203,601,000 |
| Total Non Current Assets | $1,018,219,000 | $609,778,000 | $524,062,000 | $456,335,000 |
| Other Non Current Assets | $45,112,000 | $17,526,000 | $19,213,000 | $15,795,000 |
| Financial Assets | $11,315,000 | $0 | $0 | $415,000 |
| Investmentin Financial Assets | $172,145,000 | $202,973,000 | $242,569,000 | $221,025,000 |
| Goodwill And Other Intangible Assets | $419,817,000 | $39,834,000 | $42,793,000 | $54,831,000 |
| Other Intangible Assets | $327,769,000 | $39,834,000 | - | - |
| Current Assets | $5,039,031,000 | $5,392,608,000 | $5,431,118,000 | $5,747,266,000 |
| Restricted Cash | $17,889,000 | $12,421,000 | $6,092,000 | $11,173,000 |
| Receivables | $4,853,850,000 | $5,195,744,000 | $5,087,431,000 | $5,321,051,000 |
| Accrued Interest Receivable | $41,468,000 | $42,225,000 | $42,490,000 | $34,007,000 |
| Loans Receivable | $4,812,382,000 | $5,153,519,000 | $5,044,941,000 | $5,287,044,000 |
| Cash Cash Equivalents And Short Term Investments | $167,292,000 | $184,443,000 | $337,595,000 | $415,042,000 |
| Cash And Cash Equivalents | $167,292,000 | $184,443,000 | $337,595,000 | $179,314,000 |
| Prepaid Assets | - | - | - | - |
| Debt | ||||
| Net Debt | $4,082,988,000 | $4,128,504,000 | $3,845,160,000 | $4,262,530,000 |
| Total Debt | $4,250,280,000 | $4,312,947,000 | $4,182,755,000 | $4,448,272,000 |
| Long Term Debt And Capital Lease Obligation | $4,062,909,000 | $4,076,339,000 | $4,008,700,000 | $4,008,264,000 |
| Long Term Debt | $4,062,909,000 | $4,076,339,000 | $4,008,700,000 | $4,001,836,000 |
| Current Debt And Capital Lease Obligation | $187,371,000 | $236,608,000 | $174,055,000 | $440,008,000 |
| Current Debt | $187,371,000 | $236,608,000 | $174,055,000 | $440,008,000 |
| Other Current Borrowings | $187,371,000 | $236,608,000 | $174,055,000 | $440,008,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $4,525,773,000 | $4,482,329,000 | $4,368,971,000 | $4,625,213,000 |
| Total Non Current Liabilities Net Minority Interest | $4,252,411,000 | $4,178,453,000 | $4,098,448,000 | $4,103,076,000 |
| Other Non Current Liabilities | $49,141,000 | $11,653,000 | - | - |
| Derivative Product Liabilities | $6,951,000 | $713,000 | $0 | $64,000 |
| Current Liabilities | $273,362,000 | $303,876,000 | $270,523,000 | $522,137,000 |
| Payables And Accrued Expenses | $85,991,000 | $67,268,000 | $84,171,000 | $82,129,000 |
| Interest Payable | $16,110,000 | $12,844,000 | $15,383,000 | $12,715,000 |
| Payables | $69,881,000 | $54,424,000 | $68,788,000 | $69,414,000 |
| Dividends Payable | $38,935,000 | $36,237,000 | $36,133,000 | $36,317,000 |
| Accounts Payable | $18,892,000 | $4,081,000 | $13,339,000 | $17,668,000 |
| Other Current Liabilities | - | $1,291,000 | $12,297,000 | - |
| Equity | ||||
| Common Stock Equity | $1,182,788,000 | $1,253,820,000 | $1,300,372,000 | $1,304,238,000 |
| Preferred Stock Equity | $258,742,000 | $258,742,000 | $258,742,000 | $258,742,000 |
| Total Equity Gross Minority Interest | $1,531,477,000 | $1,520,057,000 | $1,586,209,000 | $1,578,388,000 |
| Stockholders Equity | $1,441,530,000 | $1,512,562,000 | $1,559,114,000 | $1,562,980,000 |
| Gains Losses Not Affecting Retained Earnings | $-284,000 | $79,000 | $-703,000 | $390,000 |
| Other Equity Adjustments | $-284,000 | $79,000 | $-703,000 | $390,000 |
| Retained Earnings | $-411,101,000 | $-348,074,000 | $-298,942,000 | $-299,225,000 |
| Preferred Securities Outside Stock Equity | $89,748,000 | $89,748,000 | $89,748,000 | $94,748,000 |
| Long Term Equity Investment | $71,682,000 | $13,395,000 | $0 | - |
| Other | ||||
| Preferred Shares Number | $10,346,989 | $10,329,039 | $10,329,039 | $10,329,039 |
| Ordinary Shares Number | $81,553,982 | $83,066,789 | $82,751,913 | $82,992,784 |
| Share Issued | $81,553,982 | $83,066,789 | $82,751,913 | $82,992,784 |
| Tangible Book Value | $762,971,000 | $1,213,986,000 | $1,257,579,000 | $1,249,407,000 |
| Invested Capital | $5,433,068,000 | $5,566,767,000 | $5,483,127,000 | $5,746,082,000 |
| Working Capital | $4,765,669,000 | $5,088,732,000 | $5,160,595,000 | $5,225,129,000 |
| Total Capitalization | $5,504,439,000 | $5,588,901,000 | $5,567,814,000 | $5,564,816,000 |
| Minority Interest | $89,947,000 | $7,495,000 | $27,095,000 | $15,408,000 |
| Additional Paid In Capital | $1,593,365,000 | $1,600,997,000 | $1,599,197,000 | $1,602,247,000 |
| Capital Stock | $259,550,000 | $259,560,000 | $259,562,000 | $259,568,000 |
| Common Stock | $808,000 | $818,000 | $820,000 | $826,000 |
| Preferred Stock | $258,742,000 | $258,742,000 | $258,742,000 | $258,742,000 |
| Employee Benefits | $43,662,000 | $0 | - | - |
| Current Accrued Expenses | $16,110,000 | $12,844,000 | $15,383,000 | $12,715,000 |
| Dueto Related Parties Current | $12,054,000 | $14,106,000 | $19,316,000 | $15,429,000 |
| Investments And Advances | $243,827,000 | $216,368,000 | $242,569,000 | $221,025,000 |
| Held To Maturity Securities | $20,483,000 | $0 | - | - |
| Available For Sale Securities | $151,662,000 | $202,973,000 | $242,569,000 | $221,025,000 |
| Investment Properties | $298,148,000 | $336,050,000 | $219,487,000 | $164,269,000 |
| Goodwill | $92,048,000 | $0 | - | - |
| Treasury Shares Number | - | - | $0 | - |
| Capital Lease Obligations | - | - | $0 | $6,428,000 |
| Long Term Capital Lease Obligation | - | - | $0 | $6,428,000 |
| Other Short Term Investments | - | - | $0 | $235,728,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $291,580,000 | $57,233,000 | $197,387,000 | $152,515,000 |
| Operating Activities | ||||
| Operating Cash Flow | $291,940,000 | $57,233,000 | $197,387,000 | $152,515,000 |
| Cash Flow From Continuing Operating Activities | $291,940,000 | $57,233,000 | $197,387,000 | $152,515,000 |
| Operating Gains Losses | $-10,574,000 | $-6,473,000 | $1,680,000 | $86,483,000 |
| Investing Activities | ||||
| Capital Expenditure | $-360,000 | - | - | - |
| Investing Cash Flow | $380,806,000 | $-155,475,000 | $380,807,000 | $3,097,265,000 |
| Cash Flow From Continuing Investing Activities | $380,806,000 | $-155,475,000 | $380,807,000 | $3,097,265,000 |
| Net Other Investing Changes | $544,030,000 | $-251,853,000 | $146,969,000 | $-414,038,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-14,367,000 | $-4,867,000 | $-12,505,000 | $-16,579,000 |
| Financing Cash Flow | $-684,429,000 | $-48,581,000 | $-424,994,000 | $-3,227,492,000 |
| Cash Flow From Continuing Financing Activities | $-684,429,000 | $-48,581,000 | $-424,994,000 | $-3,227,492,000 |
| Net Other Financing Charges | $-25,537,000 | $-26,942,000 | $-15,973,000 | $49,393,000 |
| Cash Dividends Paid | $-145,577,000 | $-144,906,000 | $-144,347,000 | $-139,415,000 |
| Net Common Stock Issuance | $-14,367,000 | $-4,867,000 | $-12,505,000 | $-16,579,000 |
| Dividends Received Cfi | $834,000 | $0 | $0 | - |
| Dividend Received Cfo | $1,876,000 | $0 | $0 | - |
| Common Stock Dividend Paid | - | $-144,906,000 | $-144,347,000 | $-139,415,000 |
| Issuance Of Capital Stock | - | - | $0 | $0 |
| Net Preferred Stock Issuance | - | - | $0 | $0 |
| Preferred Stock Issuance | - | - | $0 | $0 |
| Common Stock Issuance | - | - | - | $0 |
| Other | ||||
| Repayment Of Debt | $-6,519,077,000 | $-1,741,219,000 | $-1,335,381,000 | $-25,166,104,000 |
| Issuance Of Debt | $6,069,366,000 | $1,806,800,000 | $1,349,165,000 | $22,045,213,000 |
| Interest Paid Supplemental Data | $275,816,000 | $324,568,000 | $2,951,330,000 | $144,195,000 |
| Income Tax Paid Supplemental Data | $1,098,000 | $1,035,000 | $325,000 | $1,199,000 |
| End Cash Position | $185,181,000 | $196,864,000 | $343,687,000 | $190,487,000 |
| Beginning Cash Position | $196,864,000 | $343,687,000 | $190,487,000 | $168,199,000 |
| Changes In Cash | $-11,683,000 | $-146,823,000 | $153,200,000 | $22,288,000 |
| Common Stock Payments | $-14,367,000 | $-4,867,000 | $-12,505,000 | $-16,579,000 |
| Net Issuance Payments Of Debt | $-498,948,000 | $128,134,000 | $-252,169,000 | $-3,120,891,000 |
| Net Short Term Debt Issuance | $-49,237,000 | $62,553,000 | $-265,953,000 | $-4,077,518,000 |
| Net Long Term Debt Issuance | $-449,711,000 | $65,581,000 | $13,784,000 | $-3,120,891,000 |
| Long Term Debt Payments | $-6,519,077,000 | $-1,741,219,000 | $-1,335,381,000 | $-25,166,104,000 |
| Long Term Debt Issuance | $6,069,366,000 | $1,806,800,000 | $1,349,165,000 | $22,045,213,000 |
| Net Investment Purchase And Sale | $75,266,000 | $75,722,000 | $195,234,000 | $3,509,921,000 |
| Sale Of Investment | $219,150,000 | $155,225,000 | $419,002,000 | $3,731,716,000 |
| Purchase Of Investment | $-143,884,000 | $-79,503,000 | $-223,768,000 | $-221,795,000 |
| Net Investment Properties Purchase And Sale | $68,144,000 | $34,051,000 | $38,604,000 | $1,382,000 |
| Sale Of Investment Properties | $69,731,000 | $34,375,000 | $39,755,000 | $2,045,000 |
| Purchase Of Investment Properties | $-1,587,000 | $-324,000 | $-1,151,000 | $-663,000 |
| Net Business Purchase And Sale | $-307,108,000 | $-13,395,000 | $0 | $0 |
| Purchase Of Business | $-307,108,000 | $-13,395,000 | $0 | $0 |
| Net Intangibles Purchase And Sale | $-360,000 | $0 | $0 | - |
| Purchase Of Intangibles | $-360,000 | $0 | $0 | - |
| Change In Working Capital | $10,887,000 | $2,635,000 | $1,510,000 | $6,858,000 |
| Change In Other Current Liabilities | $-9,284,000 | $0 | $0 | - |
| Change In Payables And Accrued Expense | $11,917,000 | $-1,264,000 | $1,716,000 | $12,941,000 |
| Change In Accrued Expense | $11,124,000 | $-2,539,000 | $2,910,000 | $10,023,000 |
| Change In Interest Payable | $2,112,000 | $-2,539,000 | $2,910,000 | $10,023,000 |
| Change In Payable | $793,000 | $1,275,000 | $-1,194,000 | $2,918,000 |
| Change In Account Payable | $2,845,000 | $6,485,000 | $-5,081,000 | $5,027,000 |
| Change In Prepaid Assets | $-893,000 | $-2,857,000 | $700,000 | $-5,520,000 |
| Change In Receivables | $9,147,000 | $6,756,000 | $-906,000 | $-563,000 |
| Changes In Account Receivables | $9,147,000 | $6,756,000 | $-906,000 | $-563,000 |
| Other Non Cash Items | $186,486,000 | $-71,212,000 | $15,893,000 | $13,615,000 |
| Stock Based Compensation | $9,118,000 | $8,173,000 | $4,761,000 | $2,519,000 |
| Unrealized Gain Loss On Investment Securities | $0 | $0 | $-44,000 | - |
| Provisionand Write Offof Assets | $-11,850,000 | $35,699,000 | $33,738,000 | $36,115,000 |
| Asset Impairment Charge | $22,035,000 | $0 | $0 | $0 |
| Amortization Of Securities | $-9,716,000 | $-9,622,000 | $-13,072,000 | $-12,619,000 |
| Depreciation Amortization Depletion | $9,593,000 | $5,630,000 | $8,412,000 | $5,329,000 |
| Depreciation And Amortization | $9,593,000 | $5,630,000 | $8,412,000 | $5,329,000 |
| Earnings Losses From Equity Investments | $-3,583,000 | $0 | $0 | - |
| Gain Loss On Investment Securities | $-14,651,000 | $-6,473,000 | $3,881,000 | $81,316,000 |
| Net Income From Continuing Operations | $84,085,000 | $92,403,000 | $144,509,000 | $14,215,000 |
| Sale Of Business | - | - | $0 | $0 |
| Short Term Debt Payments | - | - | - | $-24,453,555,000 |
| Short Term Debt Issuance | - | - | - | $20,376,037,000 |
| Proceeds From Stock Option Exercised | - | - | - | - |