What does agency business — less: interest expense mean?

The interest costs incurred on debt facilities used to finance the agency business segment's operations and asset holdings. This represents the cost of capital specifically allocated to support the agency lending and servicing activities.

Franklin BSP Realty Trust FBRT Agency Business — Less: Interest expense

Other segment segments

Real Estate Debt and Other Real Estate Investments

$58.68M-16.1%

Real Estate Owned

$1.91M+329%

Conduit

$1.74M+715%

Similar metrics at other companies

ABRAgency Business — Interest Expense

$4.39M+19.5%

ABRAgency Business — Operating Expenses

$43.73M+17.0%

NLYAgency — Interest Expense

$765.44M+6.6%

ABRAgency Business — Debt, Wtd. Avg. Rate

6.3%-0.5pp

PRUOther businesses — Interest Expense

$138M+2.2%

ABRAgency Business — Debt instrument, reduced basis spread on variable rate

1.4%+1.0pp

Other financials

Income statement

See full

Revenue$74.4M+35.1%

Net income$12.0M-50.2%

EPS (diluted)$0.07-65.0%

Balance sheet

See full

Cash & equivalents$115.6M-46.3%

Total debt$10.0M—

Total equity$1.4B-7.2%

Total assets$6.3B+11.4%

Cash flow

See full

Operating cash flow-$54.0M-146%

Valuation

See full

Market cap$621.86M-31.5%

Enterprise value$516.29M—

P/E8.9×+0.6×

P/S2.2×-2.1×

Profitability

See full

Net margin24.3%-14.5pp

Returns & leverage

See full

Return on equity4.9%-0.6pp

Debt / equity0×—

Where this comes from

Reported directly by Franklin BSP Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseDeposits.

The official record: Franklin BSP Realty Trust’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Franklin BSP Realty Trust's agency business — less: interest expense?: Franklin BSP Realty Trust (FBRT) reported agency business — less: interest expense of $2.9M in Q1 2026.
What does agency business — less: interest expense mean?: The interest costs incurred on debt facilities used to finance the agency business segment's operations and asset holdings. This represents the cost of capital specifically allocated to support the agency lending and servicing activities.