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Franklin BSP Realty Trust FBRT Conduit — Compensation and benefits

Other segment segments

Agency Business
$20.97M
Real Estate Debt and Other Real Estate Investments
$0
Real Estate Owned
$0

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Other financials

Income statement

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Revenue$65.3M+32.5%
Net income$15.6M-32.9%
EPS (diluted)$0.12-36.8%

Balance sheet

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Cash & equivalents$136.3M-67.1%
Total debt$9.5M
Total equity$1.4B-7.8%
Total assets$6.4B+13.4%

Cash flow

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Operating cash flow-$54.0M-146%

Valuation

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Market cap$626.99M-29.6%
Enterprise value$500.14M
P/E10×+1.9×
P/S2.1×-2.3×

Profitability

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Net margin20.5%-32.9pp

Returns & leverage

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Return on equity4.4%-2.9pp
Debt / equity

Where this comes from

Reported directly by Franklin BSP Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The source filing: Franklin BSP Realty Trust’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:59 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001562528-26-000024
Three Months Ended June 30, 2026TotalReal Estate Debt and Other Real Estate InvestmentsAgency BusinessConduitReal Estate Owned
Revenue from real estate owned5,538305,508
Income/(loss) from VIE’s296296
Interest expense(67,261)(61,528)(1,972)(3,401)(360)
Compensation and benefits(20,969)(20,969)
Administrative services expenses(2,028)(1,555)218(691)
Depreciation and amortization(1,983)(675)(1,308)
Operating expenses(25,655)(9,831)(7,291)(2,577)(5,956)
Other segment items(1)(2)17,575(7,932)11,8805,8247,803

Cover / Front Matter

FAQ

What is Franklin BSP Realty Trust's conduit — compensation and benefits?
Franklin BSP Realty Trust (FBRT) reported conduit — compensation and benefits of $0 in Q2 2026.
What does conduit — compensation and benefits mean?
Total personnel-related expenses, including salaries, bonuses, and benefits, allocated to the conduit segment. This captures the human capital costs required to originate, manage, and service the segment's loan portfolio.

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