What does agency business — referral fee income mean?

This metric tracks the income earned from referring mortgage or real estate business opportunities to third-party partners or affiliates. It represents a secondary, non-core revenue stream that leverages the company's industry relationships and market presence. This income is generally opportunistic and reflects the company's ability to monetize its network.

Franklin BSP Realty Trust FBRT Agency Business — Referral Fee Income

Other segment segments

Conduit

$0—

Similar metrics at other companies

ABRAgency Business — Noninterest Income

$47.26M-9.6%

LOANReferral Fees

$3.97K+2,653%

CCBLoan referral fees — Revenue

$0-100%

FRHCOther — Agency fee income

$5.21M+75.1%

ABRAgency Business — Servicing revenue

$44.03M+1.5%

EQBKInvestment Referral Income — Revenue

$148K+25.4%

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$621.09M-31.1%

Enterprise value$515.52M—

P/E8.9×+0.6×

P/S2.2×-2.0×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Franklin BSP Realty Trust’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Franklin BSP Realty Trust's agency business — referral fee income?: Franklin BSP Realty Trust (FBRT) reported agency business — referral fee income of $5K in Q4 2025.
What does agency business — referral fee income mean?: This metric tracks the income earned from referring mortgage or real estate business opportunities to third-party partners or affiliates. It represents a secondary, non-core revenue stream that leverages the company's industry relationships and market presence. This income is generally opportunistic and reflects the company's ability to monetize its network.