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— | -$14.35M— | -$29.91M— | $0— | $0— | |
| Conduit | -$4.97M-18.1% | -$7.85M-841% | -$2.89M+29.2% | -$150K+89.7% | -$4.21M+19.5% | |
| Real Estate Debt and Other Real Estate Investments | $14.81M+61,792% | $4.09M+20.6% | $1.97M+40.7% | $361K-98.9% | -$24K-101% | |
| Real Estate Owned | -$5.34M-310% | $1.89M— | $2.4M-5.1% | -$2.43M-138% | $2.54M— | |
| Net income/(loss) by Business | ||||||
| Agency Business | $2.8M— | $2.92M— | $9.18M— | $0— | $0— | |
| Conduit | $4.2M+48.0% | $6M— | $2.31M-8.6% | -$753K-377% | $2.84M-33.8% | |
| Real Estate Debt and Other Real Estate Investments | $1.24M-95.4% | $17.32M-44.2% | $9.16M-70.1% | $24.88M+845% | $26.84M-3.9% | |
| Real Estate Owned | $4.05M+168% | -$7.85M-1,076% | -$3.03M-1.1% | $483K+107% | -$5.97M-424% | |
| 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+0.8% | —— | $7.22M+33.4% | —— | $6.8M+44.2% | |
| Total Assets by Business | ||||||
| Agency Business | $760.09M— | $857.56M— | $1.11B— | —— | —— | |
| Conduit | $198.05M+288% | $33.02M-74.3% | $54.49M-29.7% | $54.3M-45.3% | $51.05M-52.2% | |
| Real Estate Debt and Other Real Estate Investments | $4.95B-0.4% | $4.8B-12.2% | $4.66B-16.6% | $5.06B-8.2% | $4.97B-8.4% | |
| Real Estate Owned | $389.02M-15.6% | $368.8M-9.4% | $389.86M-13.6% | $433.53M-1.5% | $460.84M+70.0% | |
| 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— | $6.75M— | $6.9M— | $0— | $0— | |
| Conduit | $1.94M+32.4% | $3.16M+991% | $1.02M-40.6% | $734K-52.8% | $1.47M+6.7% | |
| Real Estate Debt and Other Real Estate Investments | $9.62M-25.4% | $9.82M-12.8% | $14.9M+77.8% | $11.15M+20.7% | $12.9M+3.9% | |
| Real Estate Owned | $5.73M-36.4% | $5.76M-35.0% | $6.92M+58.4% | $9.9M+330% | $9M+657% | |
| Less: Interest expense by Business | ||||||
| Agency Business | $2.9M— | $7.19M— | $6.71M— | $0— | $0— | |
| Conduit | $1.74M+715% | $178K-2.2% | $140K-23.1% | $129K-20.9% | $213K+9.8% | |
| Real Estate Debt and Other Real Estate Investments | $58.68M-16.1% | $56.64M-29.1% | $69.19M-22.4% | $68.14M-17.4% | $69.93M-17.0% | |
| Real Estate Owned | $1.91M+329% | $7.02M+1,321% | $454K-11.7% | $451K-11.9% | $446K-12.9% | |
| Administrative services expenses by Business | ||||||
| Agency Business | $57K— | $362K— | $247K— | $0— | $0— | |
| Conduit | $905K-26.4% | $1.13M-10.9% | $878K-38.5% | $949K-10.0% | $1.23M-10.6% | |
| Real Estate Debt and Other Real Estate Investments | $1.37M-35.3% | $1.17M+8.7% | $2.33M-1.9% | $2.94M+936% | $2.12M+42.7% | |
| Real Estate Owned | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Agency Business | $2.27M— | $6.51M— | $6.29M— | $0— | $0— | |
| Conduit | $3.82M+148% | $2.62M+279% | $1.45M-17.7% | $909K-21.3% | $1.54M-20.8% | |
| Real Estate Debt and Other Real Estate Investments | $85.34M-23.6% | $89.04M-29.7% | $97.55M-26.1% | $107.46M-16.1% | $111.77M-15.8% | |
| Real Estate Owned | $814K+35.4% | $866K+72.5% | $885K+122% | $1.45M+4,174% | $601K+144% | |
| Compensation and benefits by Business | ||||||
| Agency Business | $22.82M— | $19.31M— | $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— | $2.09M— | $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-5.1% | $1.31M-7.2% | $1.36M-2.2% | $1.38M-2.5% | $1.38M-2.6% | |
| Mortgage servicing rights by Business | ||||||
| Agency Business | $6.74M— | $8.83M— | $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%— | 0.3%— | 0.3%— | 0.3%— | |
| Benefit Street Partners | 17%— | 0%— | 0%— | 0%— | 0%— | |
| Bridge | 1%+0.5pp | 0.5%— | 0.5%— | 0.5%— | 0.5%— | |
| Fannie Mae | 14%— | 1%— | —— | —— | —— | |
| Freddie Mac | 15%— | 1%— | —— | —— | —— | |
| Ginnie Mae | 9%+6.3pp | 2.8%— | 2.8%— | 2.8%— | 2.8%— | |
| Private Label | 43%+30.0pp | 13%— | 13%— | 13%— | 13%— | |
| Effective Earnings Rate by Product | ||||||
| Affordable | 0%0.0pp | 0%— | 0%— | 0%— | 0%— | |
| Benefit Street Partners | 0%— | 0%— | 0%— | 0%— | 0%— | |
| Bridge | 0%0.0pp | 0%— | 0%— | 0%— | 0%— | |
| Fannie Mae | 0.1%0.0pp | 0.1%— | 0.1%— | 0.1%— | 0.1%— | |
| Freddie Mac | 0%0.0pp | 0%— | 0%— | 0%— | 0%— | |
| Ginnie Mae | 0.1%0.0pp | 0%— | 0%— | 0%— | 0%— | |
| Private Label | 0%0.0pp | 0%— | 0%— | 0%— | 0%— | |
| UPB by Product | ||||||
| Affordable | $448M— | $425M— | $409.07M— | —— | —— | |
| Benefit Street Partners | $10.03B— | $0— | —— | —— | —— | |
| Bridge | $422M— | $836M— | $986.68M— | —— | —— | |
| Fannie Mae | $7.94B— | $7.86B— | $7.24B— | —— | —— | |
| Freddie Mac | $8.88B— | $8.65B— | $8.07B— | —— | —— | |
| Ginnie Mae | $5.21B— | $5.13B— | $5.11B— | —— | —— | |
| Private Label | $25.22B— | $24.95B— | $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-2.8% | $80.84M-2.8% | $81.42M-2.7% | $81.99M-2.7% | $82.57M-2.7% | |
| Portland, OR | $18.41M-0.3% | $18.42M-0.3% | $18.44M-0.3% | $18.45M-0.3% | $18.46M-0.3% | |
| Par Value by Geography | ||||||
| Far West | $185.94M-0.8% | $239.87M+39.6% | $193.74M+17.9% | $192.32M+23.7% | $187.48M+79.7% | |
| Great Lakes | $128.67M+8.1% | $108.1M-9.1% | $97.75M-46.2% | $97.63M-46.0% | $119.03M-24.0% | |
| Mideast | $381.08M+2.9% | $348.75M+14.5% | $325.75M+17.5% | $352.71M-4.7% | $370.51M-3.9% | |
| New England | $136.9M-22.6% | $125.98M-29.0% | $175.56M-1.4% | $176.18M-1.4% | $176.8M+182% | |
| Rocky Mountain | $113.03M+257% | $76.18M-33.4% | $32.75M-71.4% | $31.69M-76.9% | $31.69M-76.4% | |
| Southeast | $1.84B-4.7% | $1.83B-5.8% | $1.96B+2.4% | $1.94B-2.0% | $1.93B-8.7% | |
| Southwest | $1.5B-11.5% | $1.43B-23.8% | $1.47B-27.3% | $1.59B-23.1% | $1.69B-16.9% | |
| Various | $326.59M+11.5% | $272.33M-6.0% | $164.96M-46.3% | $161.45M-56.7% | $292.99M— | |
| Percentage by Geography | ||||||
| Far West | 4%+0.1pp | 1%+0.8pp | 0.2%— | 0.3%-68.4pp | 3.9%+1.9pp | |
| Great Lakes | 2.8%+0.3pp | 0.2%— | —— | 28.4%+28.1pp | 2.5%-0.5pp | |
| Mideast | 8.3%-91.7pp | 0.5%-0.2pp | —— | —— | 100%+92.6pp | |
| New England | 3%-0.7pp | —— | 0.1%0.0pp | 0.2%-1.9pp | 3.7%+2.5pp | |
| Rocky Mountain | 2.5%+1.8pp | 1%+0.9pp | —— | —— | 0.7%-1.9pp | |
| Southeast | 39.8%-0.4pp | 0%-1.8pp | 1.7%+0.9pp | 2.5%— | 40.2%-59.8pp | |
| Southwest | 32.5%— | —— | —— | 39.4%— | 0%-38.8pp | |
| Various | 7.1%+1.0pp | —— | 79.4%+78.0pp | —— | 6.1%+4.7pp | |
| Real Estate Owned, Accumulated Depreciation by Geography | ||||||
| Jeffersonville, GA | $10.36M+28.6% | $9.78M+30.8% | $9.21M+33.3% | $8.63M+36.4% | $8.06M+40.0% | |
| Portland, OR | $133K+62.2% | $120K+73.9% | $108K+108% | $95K+144% | $82K+215% |
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.
