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Franklin BSP Realty Trust logo

Franklin BSP Realty Trust Income Statement

Revenue, expenses, and profitability over time

Franklin BSP Realty Trust generated $289.4M in trailing twelve-month revenue, up 0.3% year-over-year. Net income was $70.2M with a 24.26% net margin. Diluted EPS is $0.51, which declined 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$289.4MNet Income (TTM)$70.2MEps Diluted (TTM)$0.51
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$634.9M
P/E Ratio9.05
ROE4.86%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$308K$299K$175K$265K$212K$171K
Compensation and benefits$0$0$2.3M$34.4M$19.3M$22.8M
Depreciation and amortization$1.4M$1.4M$1.4M$3.4M$3.4M$3.4M
General and administrative$2.3M$3.3M$3.9M$3.5M$2.7M$2.3M
Asset management and subordinated performance fee$6.9M$6.6M$5.5M$6.1M$6.3M$6.1M
Other operating expenses$26.3M$30.3M$29.6M$73.3M$53.2M$57.7M
Professional fees$3M$6.6M$4.7M$9.3M$8.6M$9.3M
Provision for credit losses$909K-$1.9M-$1.5M-$569K-$7.9M$11.4M
Total operating expenses$26.3M$30.3M$29.6M$73.3M$53.2M$57.7M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.29$0.20$0.19$0.12$0.13$0.07
Diluted earnings per share$0.29$0.20$0.19$0.12$0.13$0.07
Weighted-average shares, basic81.8M82.1M82.2M82.2M82M79.9M
Weighted-average shares, diluted81.8M82.1M82.2M90.6M86.2M79.9M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$0$0$181K$6K$3.4M$12.4M
Other income (expense), net-$318K-$334K$4.5M-$1.5M$1.7M-$3.5M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$30.5M$24.1M$23.2M$17.3M$17.7M$12M
Preferred stock dividends$6.7M$6.7M$6.7M$6.7M$6.7M$5.9M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$47.3M$43.3M$41M$29.7M$28M$27M
Mortgage servicing rights$0$0$0$19.7M$8.8M$6.7M
Total interest income$127.8M$113.9M$111.2M$106.2M$99M$92.2M
Total revenue$57M$55M$49.3M$89.5M$76.1M$74.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pre-tax stock-based compensation cost$2.2M$2.2M$2.3M$2.2M$2.3M$2.4M
Contractually specified servicing fees, late charges and ancillary fees$0$0$0$3.6M$8.9M$10.6M
Derivative, Gain (Loss) on Derivative, Net—-$118K—-$122K—$1.9M
Provision for credit losses$909K-$1.9M-$1.5M-$569K-$7.9M$11.4M
Gain/(loss) on other real estate investments$0-$2.2M$2.7M-$2.1M-$1.7M-$4.5M
Interest and Dividend Income, Operating$127.8M$113.9M$111.2M$106.2M$99M$92.2M
Interest Expense, Deposits$80.5M$70.6M$70.2M$76.5M$71M$65.2M
Interest Income (Expense), Operating$47.3M$43.3M$41M$29.7M$28M$27M
Lease Income$8.7M$6.8M$8.3M$7.2M$7.3M$6.9M
Net Income (Loss) Available to Common Stockholders, Basic, Including Undistributed Earnings (Loss) Allocated to Participating Securities$23.8M$17.3M$16.5M$10.6M$11M$6.1M
Net Income (Loss) Available to Common Stockholders, Diluted, Including Undistributed Earnings (Loss) Allocated to Participating Securities$23.8M$17.3M$16.5M$10.6M$11M$6.1M
Preferred Stock Dividends and Other Adjustments$6.7M$6.7M$6.7M$6.7M$6.7M$5.9M
Realized gain/(loss) on sale of commercial mortgage loans, held for investment$34.5K$0$0$0$0—

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total interest expense (banking)$80.5M$70.6M$70.2M$76.5M$71M$65.2M