Operating

Franklin BSP Realty Trust·Cash Flow Statement·30 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Loans held for sale activity	$70.4M	$70.1M	$87.3M	$24.2M	$25.2M	$1.9B	$1.7B	$836M
Payments For Origination Of Mortgage Loans Held For Sale	$70.4M	$70.1M	$87.3M	$24.2M	$25.2M	$1.9B	$1.7B	$836M
Net cash from operating activities	$1.9M	$97.4M	—	$116.2M	$11.8M	-$148.1M	$312M	-$54M
Gain Loss On Mortgage Banking Activities Net	—	—	$0	$0	—	—	$5.4M	$15.4M
Change in accrued compensation	—	—	$0	$0	—	—	—	-$14.3M
Accrued compensation	—	—	$0	$0	—	—	—	-$14.3M
Net gains (losses) on investments	$0	$0	$0	$0	$181K	$6K	$3.4M	$12.4M
Equity in earnings (losses) of equity method investees	$0	$0	$0	$0	$181K	$6K	$3.4M	$12.4M
Net income	-$3.8M	$30.2M	$30.2M	$23.7M	$24.4M	$17.6M	$18.4M	$12.3M
MSR impairment and amortization	—	—	$0	$0	—	—	$8.2M	$7.5M
Change in other assets	-$25K	$5.4M	—	$2.6M	—	—	—	-$5.6M
Increase (Decrease) in Prepaid Expense and Other Assets	-$25K	$5.4M	—	$2.6M	—	—	—	-$5.6M
Change in Unrealized Gain (Loss) On Other Real Estate Owned	-$6.2M	-$2.2M	$0	-$2.2M	$2.7M	-$2.1M	—	-$4.5M
Realized Gain (Loss) On Sale Of Mortgage Loans Held For Sale Measured At Fair Value	$1.4M	$6.2M	$0	$5M	$264K	$3.4M	$9.4M	$4.3M
Depreciation and amortization	$1.4M	$1.4M	$1.4M	$1.4M	$1.4M	$3.4M	$3.4M	$3.4M
Change in accrued investment income	-$1.7M	-$3.8M	—	-$7.7M	-$3.6M	-$1.4M	—	-$2.9M
Increase (Decrease) in Accrued Interest Receivable, Net	-$1.7M	-$3.8M	—	-$7.7M	-$3.6M	-$1.4M	—	-$2.9M
Amortization of debt issuance costs	$3.3M	$3.4M	$3.2M	$3.2M	$3.2M	$3.8M	$2.7M	$2.8M
Amortization expense related to capitalized debt issuance costs	$3.3M	$3.4M	$3.2M	$3.2M	$3.2M	$3.8M	$2.7M	$2.8M
Stock-based compensation	$2.1M	$2.1M	$2.2M	$2.2M	$2.3M	$2.2M	$2.3M	$2.4M
Accretion (Amortization) of Discounts and Premiums, Investments	$2.4M	$2.1M	$2.6M	$2.5M	$2.6M	$2.4M	$2.2M	$2M
Distributions from equity method investments	—	—	$0	$0	—	—	$785K	$2M
Distributions of earnings from equity method investees	—	—	$0	$0	—	—	$785K	$2M
Change in accounts payable	$1.7M	$3.4M	$4.2M	$4.8M	—	$1.8M	—	$1.4M
Change in other liabilities	—	—	-$1.1M	$0	—	—	-$4.2M	-$937K
Increase Decrease In Interest Payable Net	-$1.5M	-$1.2M	—	-$1.5M	—	$6.6M	—	$641K
Straight Line Rent	$1.2M	$398K	$350K	-$288K	-$234K	-$226K	-$198K	$185K
Change In Unrealized Gain (Loss) On Other Real Estate Owned	-$2M	-$2M	-$2M	-$842.8K	-$842.8K	-$842.8K	-$842.8K	—
Realized gain/(loss) on sale of commercial mortgage loans, held for investment	$34.5K	$34.5K	$34.5K	$0	$0	$0	$0	—
Unrealized Gain (Loss) On Sale Of Mortgage Loans, Fair Value Disclosure	$0	$0	$0	$0	$0	$0	$0	—

Metrics

Realized Gain (Loss) On Sale Of Mortgage Loans Held For Sale Measured At Fair Value

View metric

Realized gain/(loss) on sale of commercial mortgage loans, held for investment

View metric

Straight Line Rent

View metric

Unrealized Gain (Loss) On Sale Of Mortgage Loans, Fair Value Disclosure

View metric

Stock-based compensation

View metric

Operating

Breakdown

Metrics

Amortization of debt issuance costs

Change in accounts payable

Change in accrued compensation

Change in accrued investment income

Change in other assets

Change in other liabilities

Depreciation and amortization

Distributions from equity method investments

Net gains (losses) on investments

Loans held for sale activity

Net cash from operating activities

Net income

Accretion (Amortization) of Discounts and Premiums, Investments

Amortization expense related to capitalized debt issuance costs

Change In Unrealized Gain (Loss) On Other Real Estate Owned

Change in Unrealized Gain (Loss) On Other Real Estate Owned

Distributions of earnings from equity method investees

Gain Loss On Mortgage Banking Activities Net

MSR impairment and amortization

Equity in earnings (losses) of equity method investees

Increase (Decrease) in Accrued Interest Receivable, Net

Accrued compensation

Increase Decrease In Interest Payable Net

Increase (Decrease) in Prepaid Expense and Other Assets

Payments For Origination Of Mortgage Loans Held For Sale

Realized Gain (Loss) On Sale Of Mortgage Loans Held For Sale Measured At Fair Value

Realized gain/(loss) on sale of commercial mortgage loans, held for investment

Straight Line Rent

Unrealized Gain (Loss) On Sale Of Mortgage Loans, Fair Value Disclosure

Stock-based compensation