Franklin BSP Realty Trust FBRT Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Agency Business | -$20.89M-45.6% | -$14.35M+52.0% | -$29.91M— | $0— | $0— | |
| Conduit | -$4.97M+36.7% | -$7.85M-171% | -$2.89M-1,827% | -$150K+96.4% | -$4.21M-404% | |
| Real Estate Debt and Other Real Estate Investments | $14.81M+262% | $4.09M+107% | $1.97M+446% | $361K+1,604% | -$24K-101% | |
| Real Estate Owned | -$5.34M-383% | $1.89M-21.5% | $2.4M+199% | -$2.43M-195% | $2.54M— | |
| Net income/(loss) by Business | ||||||
| Agency Business | $2.8M-3.9% | $2.92M-68.2% | $9.18M— | $0— | $0— | |
| Conduit | $4.2M-29.9% | $6M+160% | $2.31M+406% | -$753K-127% | $2.84M— | |
| Real Estate Debt and Other Real Estate Investments | $1.24M-92.9% | $17.32M+89.1% | $9.16M-63.2% | $24.88M-7.3% | $26.84M-13.6% | |
| Real Estate Owned | $4.05M+152% | -$7.85M-160% | -$3.03M-727% | $483K+108% | -$5.97M-794% | |
| Revenue from real estate owned by Business | ||||||
| Agency Business | $30K— | —— | $0— | —— | $0— | |
| Conduit | $0— | —— | $0— | —— | $0— | |
| Real Estate Debt and Other Real Estate Investments | $0— | —— | $0— | —— | $0— | |
| Real Estate Owned | $6.85M— | —— | $7.22M— | —— | $6.8M— | |
| Total Assets by Business | ||||||
| Agency Business | $760.09M-11.4% | $857.56M-22.9% | $1.11B— | —— | —— | |
| Conduit | $198.05M+500% | $33.02M-39.4% | $54.49M+0.3% | $54.3M+6.4% | $51.05M-60.2% | |
| Real Estate Debt and Other Real Estate Investments | $4.95B+3.3% | $4.8B+2.9% | $4.66B-7.8% | $5.06B+1.7% | $4.97B-9.0% | |
| Real Estate Owned | $389.02M+5.5% | $368.8M-5.4% | $389.86M-10.1% | $433.53M-5.9% | $460.84M+13.2% | |
| Servicing revenue by Business | ||||||
| Agency Business | $10.18M— | —— | $3.61M— | —— | $0— | |
| Conduit | $0— | —— | $0— | —— | $0— | |
| Real Estate Debt and Other Real Estate Investments | $373K— | $0— | $0— | $0— | $0— | |
| Real Estate Owned | $0— | $0— | $0— | $0— | $0— | |
| Operating Expenses, Adjusted by Business | ||||||
| Agency Business | $9.42M+39.6% | $6.75M-2.1% | $6.9M— | $0— | $0— | |
| Conduit | $1.94M-38.6% | $3.16M+211% | $1.02M+38.4% | $734K-50.0% | $1.47M+406% | |
| Real Estate Debt and Other Real Estate Investments | $9.62M-2.0% | $9.82M-34.1% | $14.9M+33.7% | $11.15M-13.6% | $12.9M+14.5% | |
| Real Estate Owned | $5.73M-0.6% | $5.76M-16.7% | $6.92M-30.1% | $9.9M+10.0% | $9M+1.6% | |
| Less: Interest expense by Business | ||||||
| Agency Business | $2.9M-59.7% | $7.19M+7.1% | $6.71M— | $0— | $0— | |
| Conduit | $1.74M+876% | $178K+27.1% | $140K+8.5% | $129K-39.4% | $213K+17.0% | |
| Real Estate Debt and Other Real Estate Investments | $58.68M+3.6% | $56.64M-18.1% | $69.19M+1.5% | $68.14M-2.6% | $69.93M-12.4% | |
| Real Estate Owned | $1.91M-72.8% | $7.02M+1,447% | $454K+0.7% | $451K+1.1% | $446K-9.7% | |
| Administrative services expenses by Business | ||||||
| Agency Business | $57K-84.3% | $362K+46.6% | $247K— | $0— | $0— | |
| Conduit | $905K-19.9% | $1.13M+28.7% | $878K-7.5% | $949K-22.8% | $1.23M-3.1% | |
| Real Estate Debt and Other Real Estate Investments | $1.37M+17.6% | $1.17M-49.9% | $2.33M-20.6% | $2.94M+38.5% | $2.12M+97.3% | |
| Real Estate Owned | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Agency Business | $2.27M-65.1% | $6.51M+3.6% | $6.29M— | $0— | $0— | |
| Conduit | $3.82M+45.8% | $2.62M+80.8% | $1.45M+59.5% | $909K-41.1% | $1.54M+123% | |
| Real Estate Debt and Other Real Estate Investments | $85.34M-4.2% | $89.04M-8.7% | $97.55M-9.2% | $107.46M-3.9% | $111.77M-11.7% | |
| Real Estate Owned | $814K-6.0% | $866K-2.1% | $885K-39.1% | $1.45M+142% | $601K+19.7% | |
| Compensation and benefits by Business | ||||||
| Agency Business | $22.82M+18.2% | $19.31M-43.9% | $34.43M— | $0— | $0— | |
| Conduit | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Debt and Other Real Estate Investments | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Owned | $0— | $0— | $0— | $0— | $0— | |
| D&A by Business | ||||||
| Agency Business | $2.11M+0.9% | $2.09M+0.8% | $2.08M— | $0— | $0— | |
| Conduit | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Debt and Other Real Estate Investments | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Owned | $1.31M+0.1% | $1.31M-3.5% | $1.36M-1.8% | $1.38M+0.1% | $1.38M-2.1% | |
| Mortgage servicing rights by Business | ||||||
| Agency Business | $6.74M-23.6% | $8.83M-55.3% | $19.75M— | $0— | $0— | |
| Conduit | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Debt and Other Real Estate Investments | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Owned | $0— | $0— | $0— | $0— | $0— | |
| Percentage by Product | ||||||
| Affordable | 1%+0.8pp | 0.3%0.0pp | 0.3%0.0pp | 0.3%0.0pp | 0.3%— | |
| Benefit Street Partners | 17%— | 0%— | 0%— | 0%— | 0%— | |
| Bridge | 1%+0.5pp | 0.5%0.0pp | 0.5%0.0pp | 0.5%0.0pp | 0.5%— | |
| Fannie Mae | 14%+13.0pp | 1%— | —— | —— | —— | |
| Freddie Mac | 15%+14.0pp | 1%— | —— | —— | —— | |
| Ginnie Mae | 9%+6.3pp | 2.8%0.0pp | 2.8%0.0pp | 2.8%0.0pp | 2.8%— | |
| Private Label | 43%+30.0pp | 13%0.0pp | 13%0.0pp | 13%0.0pp | 13%— | |
| Effective Earnings Rate by Product | ||||||
| Affordable | 0%0.0pp | 0%0.0pp | 0%0.0pp | 0%0.0pp | 0%— | |
| Benefit Street Partners | 0%— | 0%— | 0%— | 0%— | 0%— | |
| Bridge | 0%0.0pp | 0%0.0pp | 0%0.0pp | 0%0.0pp | 0%— | |
| Fannie Mae | 0.1%0.0pp | 0.1%0.0pp | 0.1%0.0pp | 0.1%0.0pp | 0.1%— | |
| Freddie Mac | 0%0.0pp | 0%0.0pp | 0%0.0pp | 0%0.0pp | 0%— | |
| Ginnie Mae | 0.1%0.0pp | 0%0.0pp | 0%0.0pp | 0%0.0pp | 0%— | |
| Private Label | 0%0.0pp | 0%0.0pp | 0%0.0pp | 0%0.0pp | 0%— | |
| UPB by Product | ||||||
| Affordable | $448M+5.4% | $425M+3.9% | $409.07M— | —— | —— | |
| Benefit Street Partners | $10.03B— | $0— | —— | —— | —— | |
| Bridge | $422M-49.5% | $836M-15.3% | $986.68M— | —— | —— | |
| Fannie Mae | $7.94B+1.0% | $7.86B+8.5% | $7.24B— | —— | —— | |
| Freddie Mac | $8.88B+2.6% | $8.65B+7.2% | $8.07B— | —— | —— | |
| Ginnie Mae | $5.21B+1.6% | $5.13B+0.3% | $5.11B— | —— | —— | |
| Private Label | $25.22B+1.1% | $24.95B-2.0% | $25.46B— | —— | —— | |
| Real estate owned, gross by Geography | ||||||
| Jeffersonville, GA | $84.26M0.0% | $84.26M0.0% | $84.26M0.0% | $84.26M0.0% | $84.26M0.0% | |
| Portland, OR | $16.48M0.0% | $16.48M0.0% | $16.48M0.0% | $16.48M0.0% | $16.48M0.0% | |
| Real Estate Owned, Held For Investment, Net by Geography | ||||||
| Jeffersonville, GA | $80.27M-0.7% | $80.84M-0.7% | $81.42M-0.7% | $81.99M-0.7% | $82.57M-0.7% | |
| Portland, OR | $18.41M-0.1% | $18.42M-0.1% | $18.44M-0.1% | $18.45M-0.1% | $18.46M-0.1% | |
| Par Value by Geography | ||||||
| Far West | $185.94M-22.5% | $239.87M+23.8% | $193.74M+0.7% | $192.32M+2.6% | $187.48M+9.1% | |
| Great Lakes | $128.67M+19.0% | $108.1M+10.6% | $97.75M+0.1% | $97.63M-18.0% | $119.03M+0.1% | |
| Mideast | $381.08M+9.3% | $348.75M+7.1% | $325.75M-7.6% | $352.71M-4.8% | $370.51M+21.7% | |
| New England | $136.9M+8.7% | $125.98M-28.2% | $175.56M-0.4% | $176.18M-0.3% | $176.8M-0.4% | |
| Rocky Mountain | $113.03M+48.4% | $76.18M+133% | $32.75M+3.3% | $31.69M0.0% | $31.69M-72.3% | |
| Southeast | $1.84B+0.4% | $1.83B-6.7% | $1.96B+1.4% | $1.94B+0.2% | $1.93B-0.7% | |
| Southwest | $1.5B+4.5% | $1.43B-2.6% | $1.47B-7.5% | $1.59B-5.9% | $1.69B-10.0% | |
| Various | $326.59M+19.9% | $272.33M+65.1% | $164.96M+2.2% | $161.45M-44.9% | $292.99M+1.1% | |
| Percentage by Geography | ||||||
| Far West | 4%+3.0pp | 1%+0.8pp | 0.2%-0.1pp | 0.3%-3.6pp | 3.9%+3.7pp | |
| Great Lakes | 2.8%+2.6pp | 0.2%— | —— | 28.4%+25.9pp | 2.5%— | |
| Mideast | 8.3%+7.8pp | 0.5%— | —— | —— | 100%+99.3pp | |
| New England | 3%— | —— | 0.1%-0.1pp | 0.2%-3.5pp | 3.7%+3.6pp | |
| Rocky Mountain | 2.5%+1.5pp | 1%— | —— | —— | 0.7%+0.6pp | |
| Southeast | 39.8%— | 0%-1.7pp | 1.7%-0.8pp | 2.5%-37.7pp | 40.2%+38.4pp | |
| Southwest | 32.5%— | —— | —— | 39.4%— | 0%— | |
| Various | 7.1%— | —— | 79.4%— | —— | 6.1%+4.7pp | |
| Real Estate Owned, Accumulated Depreciation by Geography | ||||||
| Jeffersonville, GA | $10.36M+5.9% | $9.78M+6.3% | $9.21M+6.7% | $8.63M+7.1% | $8.06M+7.7% | |
| Portland, OR | $133K+10.8% | $120K+11.1% | $108K+13.7% | $95K+15.9% | $82K+18.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Franklin BSP Realty Trust break its business down?
- Franklin BSP Realty Trust (FBRT) reports segment reporting, other segment item, amount by business across 4 parts — Agency Business, Conduit, Real Estate Debt and Other Real Estate Investments and Real Estate Owned. Each is extracted from the segment footnotes and tracked over time.
- Where does Franklin BSP Realty Trust's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Franklin BSP Realty Trust's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
