FBRT
Franklin BSP Realty Trust, Inc.
NYSE · Real Estate · REIT - Mortgage · US
$6.43
+3.88%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 541.0M | 556.0M | 548.9M | 569.5M | 367.4M |
| Cost of Revenue | 47.2M | 43.7M | 338.5M | 305.6M | 165.7M |
| Gross Profit | 493.8M | 512.3M | 210.5M | 263.9M | 201.7M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | 0.04 |
| SG&A Expense | 93.2M | 129.9M | 58.3M | 68.3M | 64.2M |
| General & Admin Expense | 72.5M | 129.9M | 58.3M | 68.3M | 64.2M |
| Selling & Marketing Expense | 20.8M | — | — | — | — |
| Other Expenses | 132.7M | 2.0M | (8.2M) | 40.9M | 41.5M |
| Total Operating Expenses | 226.0M | 131.9M | 50.2M | 109.2M | 105.7M |
| Cost and Expenses | 273.2M | 175.6M | 438.1M | 414.8M | 271.4M |
| Operating Income (EBIT) | 267.8M | 380.4M | 115.4M | 154.8M | 52.3M |
| Non-Operating | |||||
| Interest Income | 372.7M | 430.3M | 526.1M | 552.5M | 357.7M |
| Interest Expense | 263.4M | 288.3M | 338.5M | 305.6M | 165.7M |
| Net Interest Income | 109.3M | 142.0M | 187.6M | 246.9M | 192.0M |
| Other Non-Op Income/Expense | (251.6M) | (292.4M) | (338.5M) | (13.0M) | (4.4M) |
| Non-Operating Income (excl Interest) | (11.7M) | 4.1M | — | — | (83.0M) |
| EBT (Pre-Tax Income) | 16.2M | 88.0M | 93.5M | 141.8M | 13.8M |
| Income Tax Expense | 12.3M | 3.9M | 1.1M | (2.8M) | (399.0K) |
| Bottom Line | |||||
| Net Income | 20.1M | 82.3M | 68.9M | 145.2M | 14.4M |
| Earnings from Cont. Ops | 19.9M | 84.1M | 92.4M | 144.5M | 14.2M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 13.3M | 55.3M | 68.9M | 118.2M | (27.3M) |
| Per Share | |||||
| Basic EPS | ($0.08) | $0.67 | $0.82 | $1.42 | ($0.38) |
| Diluted EPS | ($0.09) | $0.64 | $0.82 | $1.42 | ($0.38) |
| Revenue Per Share | $6.74 | $6.78 | $6.71 | $6.92 | $5.13 |
| Shares | |||||
| Basic Shares Outstanding | 80.3M | 82.0M | 81.8M | 82.3M | 71.6M |
| Diluted Shares Outstanding | 80.8M | 86.2M | 81.8M | 82.3M | 71.6M |
| Profitability Metrics | |||||
| EBITDA | 291.0M | 385.9M | 437.6M | 161.9M | 106.5M |
| D&A | 11.0M | 9.6M | 5.6M | 7.1M | 5.3M |
| EBIT | 279.9M | 376.3M | 432.0M | 154.8M | 101.1M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026