Franklin BSP Realty Trust FBRT Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Agency Business | -$65.15M-47.2% | -$44.26M-48.0% | -$29.91M— | $0— | —— | |
| Conduit | -$15.85M-5.0% | -$15.09M-86.8% | -$8.08M+12.9% | -$9.27M+12.4% | -$10.58M+8.8% | |
| Real Estate Debt and Other Real Estate Investments | $21.22M+232% | $6.39M+12.2% | $5.7M+11.1% | $5.13M-86.8% | $38.82M-10.3% | |
| Real Estate Owned | -$3.47M-179% | $4.41M— | —— | —— | —— | |
| Net income/(loss) by Business | ||||||
| Agency Business | $14.89M+23.2% | $12.09M+31.8% | $9.18M— | $0— | —— | |
| Conduit | $11.75M+13.1% | $10.39M+136% | $4.39M-4.7% | $4.61M-11.4% | $5.21M-21.8% | |
| Real Estate Debt and Other Real Estate Investments | $52.59M-32.7% | $78.2M-14.9% | $91.92M-18.9% | $113.41M+24.4% | $91.16M-1.2% | |
| Real Estate Owned | -$6.34M+61.2% | -$16.37M-78.2% | -$9.18M-0.4% | -$9.15M+43.4% | -$16.15M-93.8% | |
| Total Assets by Business | ||||||
| Conduit | $339.85M+76.2% | $192.86M-33.1% | $288.27M-7.4% | $311.25M-12.6% | $356.24M-13.6% | |
| Real Estate Debt and Other Real Estate Investments | $19.47B-0.1% | $19.49B-3.3% | $20.16B-4.4% | $21.09B-2.1% | $21.54B-2.1% | |
| Real Estate Owned | $1.58B-4.3% | $1.65B-2.3% | $1.69B-3.5% | $1.75B-0.4% | $1.76B+12.1% | |
| Servicing revenue by Business | ||||||
| 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 | $23.08M+69.0% | $13.65M+97.9% | $6.9M— | $0— | —— | |
| Conduit | $6.86M+7.5% | $6.38M+82.0% | $3.51M-16.5% | $4.2M-16.3% | $5.02M+1.9% | |
| Real Estate Debt and Other Real Estate Investments | $45.48M-6.7% | $48.76M-2.9% | $50.21M+14.9% | $43.68M+4.6% | $41.77M+1.2% | |
| Real Estate Owned | $28.31M-10.4% | $31.58M-8.9% | $34.68M+7.9% | $32.13M+31.0% | $24.53M+46.7% | |
| Less: Interest expense by Business | ||||||
| Agency Business | $16.8M+20.9% | $13.9M+107% | $6.71M— | $0— | —— | |
| Conduit | $2.18M+231% | $660K-0.6% | $664K-5.9% | $706K-4.6% | $740K+2.6% | |
| Real Estate Debt and Other Real Estate Investments | $252.65M-4.3% | $263.9M-8.1% | $287.11M-6.5% | $307.12M-4.5% | $321.42M-4.3% | |
| Real Estate Owned | $9.84M+17.5% | $8.37M+354% | $1.85M-3.1% | $1.91M-3.1% | $1.97M-3.2% | |
| Administrative services expenses by Business | ||||||
| Agency Business | $666K+9.4% | $609K+147% | $247K— | $0— | —— | |
| Conduit | $3.86M-7.7% | $4.19M-3.2% | $4.32M-11.3% | $4.87M-2.1% | $4.98M-2.8% | |
| Real Estate Debt and Other Real Estate Investments | $7.8M-8.7% | $8.55M+1.1% | $8.46M-0.5% | $8.5M+63.0% | $5.22M+13.8% | |
| Real Estate Owned | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Agency Business | $15.07M+17.8% | $12.8M+104% | $6.29M— | $0— | —— | |
| Conduit | $8.8M+35.0% | $6.52M+42.1% | $4.59M-6.3% | $4.9M-4.8% | $5.15M-7.3% | |
| Real Estate Debt and Other Real Estate Investments | $379.38M-6.5% | $405.8M-8.5% | $443.4M-7.2% | $477.83M-4.1% | $498.38M-4.0% | |
| Real Estate Owned | $4.02M+5.6% | $3.81M+10.6% | $3.44M+16.4% | $2.96M+92.4% | $1.54M+30.1% | |
| Compensation and benefits by Business | ||||||
| Agency Business | $76.56M+42.5% | $53.74M+56.1% | $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 | $6.28M+50.6% | $4.17M+101% | $2.08M— | $0— | —— | |
| Conduit | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Debt and Other Real Estate Investments | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Owned | $5.35M-1.3% | $5.43M-1.8% | $5.53M-0.6% | $5.56M-0.6% | $5.59M-0.7% | |
| Mortgage servicing rights by Business | ||||||
| Agency Business | $35.31M+23.6% | $28.57M+44.7% | $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 | 1.8%+0.8pp | 1%— | —— | —— | —— | |
| Benefit Street Partners | 17%— | 0%— | —— | —— | —— | |
| Bridge | 2.5%+0.5pp | 2%— | —— | —— | —— | |
| Ginnie Mae | 17.3%+6.2pp | 11%— | —— | —— | —— | |
| Private Label | 82%+30.0pp | 52%— | —— | —— | —— | |
| Effective Earnings Rate by Product | ||||||
| Affordable | 0.1%0.0pp | 0.1%— | —— | —— | —— | |
| Benefit Street Partners | 0%— | 0%— | —— | —— | —— | |
| Bridge | 0.1%0.0pp | 0.1%— | —— | —— | —— | |
| Fannie Mae | 0.3%0.0pp | 0.2%— | —— | —— | —— | |
| Freddie Mac | 0.1%0.0pp | 0.1%— | —— | —— | —— | |
| Ginnie Mae | 0.2%0.0pp | 0.2%— | —— | —— | —— | |
| Private Label | 0%0.0pp | 0%— | —— | —— | —— | |
| Real estate owned, gross by Geography | ||||||
| Jeffersonville, GA | $337.04M0.0% | $337.04M0.0% | $337.04M0.0% | $337.04M0.0% | $337.04M0.0% | |
| Portland, OR | $65.92M0.0% | $65.92M0.0% | $65.92M0.0% | $65.92M0.0% | $65.92M0.0% | |
| Real Estate Owned, Held For Investment, Net by Geography | ||||||
| Jeffersonville, GA | $324.52M-0.7% | $326.82M-0.7% | $329.12M-0.7% | $331.42M-0.7% | $333.72M-0.7% | |
| Portland, OR | $73.72M-0.1% | $73.77M-0.1% | $73.82M-0.1% | $73.88M-0.1% | $73.93M-0.1% | |
| Par Value by Geography | ||||||
| Far West | $811.87M-0.2% | $813.41M+9.1% | $745.32M+4.1% | $715.95M+5.4% | $679.04M+14.0% | |
| Great Lakes | $432.15M+2.3% | $422.51M-2.5% | $433.29M-16.2% | $517.29M-13.9% | $600.63M-5.9% | |
| Mideast | $1.41B+0.8% | $1.4B+3.3% | $1.35B+3.7% | $1.3B-1.3% | $1.32B-1.1% | |
| New England | $614.63M-6.1% | $654.52M-7.3% | $705.96M-0.3% | $708.42M-0.3% | $710.85M+19.1% | |
| Rocky Mountain | $253.65M+47.2% | $172.31M-18.2% | $210.56M-27.9% | $292.23M-26.5% | $397.6M-20.6% | |
| Southeast | $7.57B-1.2% | $7.67B-1.5% | $7.78B+0.6% | $7.73B-0.5% | $7.77B-2.3% | |
| Southwest | $5.99B-3.1% | $6.18B-6.7% | $6.63B-7.7% | $7.18B-6.3% | $7.66B-4.3% | |
| Various | $925.32M+3.8% | $891.72M-1.9% | $909.06M-13.6% | $1.05B-16.7% | $1.26B— | |
| Percentage by Geography | ||||||
| Far West | 5.5%+0.1pp | 5.4%+0.8pp | 4.6%— | —— | —— | |
| Southeast | 44%-0.4pp | 44.4%-1.8pp | 46.2%+0.9pp | 45.3%— | —— | |
| Real Estate Owned, Accumulated Depreciation by Geography | ||||||
| Jeffersonville, GA | $37.98M+6.5% | $35.68M+6.9% | $33.37M+7.4% | $31.07M+8.0% | $28.77M+8.7% | |
| Portland, OR | $456K+12.6% | $405K+14.4% | $354K+18.8% | $298K+23.1% | $242K+30.1% |
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.
