What does conduit — servicing revenue mean?

Revenue earned from the ongoing administration and servicing of mortgage loans, typically calculated as a percentage of the outstanding principal balance. This represents recurring fee-based income generated from the conduit segment's servicing portfolio.

Franklin BSP Realty Trust (FBRT) Conduit — Servicing revenue

Screener

Other segment segments

Agency Business

$9.15M—

Real Estate Debt and Other Real Estate Investments

$504K—

Real Estate Owned

$0—

Similar metrics at other companies

UWMCContractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets

$220.5M+23.3%

PCBContractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets

$802K+5.5%

LDIContractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets

$111.96M+3.5%

SFBCContractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets

$245K-6.8%

XRXServicing revenue

$2M+100%

XRXServicing revenue

$2M+100%

Other financials

Income statement

See full

Revenue$65.3M+32.5%

Net income$15.6M-32.9%

EPS (diluted)$0.12-36.8%

Balance sheet

See full

Cash & equivalents$136.3M-67.1%

Total debt$9.5M—

Total equity$1.4B-7.8%

Total assets$6.4B+13.4%

Cash flow

See full

Operating cash flow-$54.0M-146%

Valuation

See full

Market cap$656.89M-25.9%

Enterprise value$530.04M—

P/E10.5×+2.4×

P/S2.2×-2.2×

Profitability

See full

Net margin20.5%-32.9pp

Returns & leverage

See full

Return on equity4.4%-2.9pp

Debt / equity0×—

Where this comes from

Reported directly by Franklin BSP Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets.

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, 2026	Total	Real Estate Debt and Other Real Estate Investments	Agency Business	Conduit	Real Estate Owned
Interest income	$97,187	$90,507	$2,567	$3,122	$991
Mortgage servicing rights	3,917	—	3,917	—	—
Servicing revenue	9,658	504	9,154	—	—
Revenue from real estate owned	5,538	—	30	—	5,508
Income/(loss) from VIE’s	296	296	—	—	—
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)	—

Cover / Front Matter

FAQ

What is Franklin BSP Realty Trust's conduit — servicing revenue?: Franklin BSP Realty Trust (FBRT) reported conduit — servicing revenue of $0 in Q2 2026.
What does conduit — servicing revenue mean?: Revenue earned from the ongoing administration and servicing of mortgage loans, typically calculated as a percentage of the outstanding principal balance. This represents recurring fee-based income generated from the conduit segment's servicing portfolio.