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FBRT · NYSE · REIT - Mortgage

Franklin BSP Realty Trust (FBRT)

Originates commercial-real-estate debt and agency multifamily loans with servicing capabilities.

$7.75

After-hours close−0.04 (−0.45%)

At close$7.79(+0.97%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	140	136	141	133	140	135	124	120	137	145	134	141
Cost of revenue	4	81	9	8	90	227	9	70	76	14	13	10
Gross profit	136	55	132	125	50	−91	115	49	60	131	121	132
	4	19	11	40	16	−86	−24	16	58	31	55	52
	4	−4	17	13	14	14	19	16	56	38	43	7
Selling & marketing	0	0	0	0	0	0	0	0	0	21	0	0
General & administrative	4	−4	17	13	14	14	19	16	56	18	43	7
Other expenses	0	2	−11	−3	1	166	−43	0	3	−7	12	44
Operating income	−8	132	121	115	34	136	24	33	2	100	66	80
	−7	−56	6	−8	−4	−307	−71	−9	13	−75	−53	−67
Interest income	137	263	131	134	134	128	114	111	106	99	92	97
Interest expense	78	152	81	87	90	81	71	70	76	71	65	67
Other non-operating income	−76	125	−2	0	0	−23	−7	0	0	4	−12	−1
Income before tax	29	30	37	−4	30	30	24	24	15	25	13	13
Income tax expense	−2	−4	1	0	0	0	1	0	−3	6	1	−3
Net income from continuing operations	31	30	36	−4	30	30	24	24	18	18	12	16
Other adjustments	0	0	0	0	0	−27	0	0	0	2	0	0
Net income	25	37	36	−3	32	4	24	23	17	19	12	16
EPS, basic	$0.30	$0.29	$0.35	−$0.11	$0.30	$0.28	$0.20	$0.19	$0.12	$0.14	$0.07	$0.12
EPS, diluted	$0.30	$0.29	$0.35	−$0.11	$0.30	$0.28	$0.20	$0.19	$0.12	$0.13	$0.07	$0.12
Weighted average shares, basic	82	82	82	82	82	82	82	82	82	137	80	76
Weighted average shares, diluted	82	82	82	82	82	82	82	82	91	151	80	85
EBITDA	45	32	122	−10	36	−31	33	34	5	99	82	83
Depreciation & amortization	2	3	1	1	1	1	1	1	3	3	3	2
EBIT	112	−40	33	4	34	360	32	33	2	96	78	81