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— | -$44.26M— | -$29.91M— | $0— | —— | |
| Conduit | -$15.85M-49.8% | -$15.09M-30.0% | -$8.08M+24.8% | -$9.27M-39.5% | -$10.58M-105% | |
| Real Estate Debt and Other Real Estate Investments | $21.22M-45.3% | $6.39M-85.2% | $5.7M-87.9% | $5.13M-90.3% | $38.82M+49.9% | |
| Real Estate Owned | -$3.47M— | $4.41M— | —— | —— | —— | |
| Net income/(loss) by Business | ||||||
| Agency Business | $14.89M— | $12.09M— | $9.18M— | $0— | —— | |
| Conduit | $11.75M+126% | $10.39M+56.1% | $4.39M-34.0% | $4.61M+9.4% | $5.21M+273% | |
| Real Estate Debt and Other Real Estate Investments | $52.59M-42.3% | $78.2M-15.2% | $91.92M+0.6% | $113.41M+17.9% | $91.16M-35.0% | |
| Real Estate Owned | -$6.34M+60.7% | -$16.37M-96.4% | -$9.18M— | -$9.15M— | -$16.15M— | |
| Total Assets by Business | ||||||
| Conduit | $339.85M-4.6% | $192.86M-53.2% | $288.27M-17.7% | $311.25M-5.4% | $356.24M+14.9% | |
| Real Estate Debt and Other Real Estate Investments | $19.47B-9.6% | $19.49B-11.4% | $20.16B-9.0% | $21.09B-3.8% | $21.54B-0.8% | |
| Real Estate Owned | $1.58B-10.1% | $1.65B+5.3% | $1.69B+18.0% | $1.75B+40.6% | $1.76B+64.3% | |
| 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— | $13.65M— | $6.9M— | $0— | —— | |
| Conduit | $6.86M+36.5% | $6.38M+29.4% | $3.51M-41.5% | $4.2M-25.4% | $5.02M-7.6% | |
| Real Estate Debt and Other Real Estate Investments | $45.48M+8.9% | $48.76M+18.1% | $50.21M+16.6% | $43.68M-8.4% | $41.77M-18.9% | |
| Real Estate Owned | $28.31M+15.4% | $31.58M+88.9% | $34.68M+292% | $32.13M+487% | $24.53M+489% | |
| Less: Interest expense by Business | ||||||
| Agency Business | $16.8M— | $13.9M— | $6.71M— | $0— | —— | |
| Conduit | $2.18M+195% | $660K-8.5% | $664K-23.2% | $706K-28.7% | $740K— | |
| Real Estate Debt and Other Real Estate Investments | $252.65M-21.4% | $263.9M-21.4% | $287.11M-17.1% | $307.12M-7.3% | $321.42M— | |
| Real Estate Owned | $9.84M+401% | $8.37M+312% | $1.85M-10.4% | $1.91M-7.4% | $1.97M— | |
| Administrative services expenses by Business | ||||||
| Agency Business | $666K— | $609K— | $247K— | $0— | —— | |
| Conduit | $3.86M-22.4% | $4.19M-18.3% | $4.32M-19.8% | $4.87M-11.3% | $4.98M-16.6% | |
| Real Estate Debt and Other Real Estate Investments | $7.8M+49.6% | $8.55M+86.6% | $8.46M+51.4% | $8.5M+60.7% | $5.22M-32.4% | |
| Real Estate Owned | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Agency Business | $15.07M— | $12.8M— | $6.29M— | $0— | —— | |
| Conduit | $8.8M+71.0% | $6.52M+17.5% | $4.59M-15.3% | $4.9M+16.1% | $5.15M+41.9% | |
| Real Estate Debt and Other Real Estate Investments | $379.38M-23.9% | $405.8M-21.9% | $443.4M-16.3% | $477.83M-10.6% | $498.38M-8.3% | |
| Real Estate Owned | $4.02M+162% | $3.81M+222% | $3.44M+148% | $2.96M+74.7% | $1.54M-35.0% | |
| Compensation and benefits by Business | ||||||
| Agency Business | $76.56M— | $53.74M— | $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— | $4.17M— | $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-4.3% | $5.43M-3.6% | $5.53M-7.9% | $5.56M-13.1% | $5.59M-17.3% | |
| Mortgage servicing rights by Business | ||||||
| Agency Business | $35.31M— | $28.57M— | $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%— | 1%— | —— | —— | —— | |
| Benefit Street Partners | 17%— | 0%— | —— | —— | —— | |
| Bridge | 2.5%— | 2%— | —— | —— | —— | |
| Ginnie Mae | 17.3%— | 11%— | —— | —— | —— | |
| Private Label | 82%— | 52%— | —— | —— | —— | |
| Effective Earnings Rate by Product | ||||||
| Affordable | 0.1%— | 0.1%— | —— | —— | —— | |
| Benefit Street Partners | 0%— | 0%— | —— | —— | —— | |
| Bridge | 0.1%— | 0.1%— | —— | —— | —— | |
| Fannie Mae | 0.3%— | 0.2%— | —— | —— | —— | |
| Freddie Mac | 0.1%— | 0.1%— | —— | —— | —— | |
| Ginnie Mae | 0.2%— | 0.2%— | —— | —— | —— | |
| Private Label | 0%— | 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% | $65.92M— | |
| Real Estate Owned, Held For Investment, Net by Geography | ||||||
| Jeffersonville, GA | $324.52M-2.8% | $326.82M-2.7% | $329.12M-2.7% | $331.42M-2.7% | $333.72M— | |
| Portland, OR | $73.72M-0.3% | $73.77M-0.3% | $73.82M-0.3% | $73.88M-0.4% | $73.93M— | |
| Par Value by Geography | ||||||
| Far West | $811.87M+19.6% | $813.41M+36.5% | $745.32M+38.6% | $715.95M+52.5% | $679.04M+31.5% | |
| Great Lakes | $432.15M-28.1% | $422.51M-33.8% | $433.29M-36.3% | $517.29M-21.9% | $600.63M-6.7% | |
| Mideast | $1.41B+6.5% | $1.4B+4.5% | $1.35B-9.1% | $1.3B-21.3% | $1.32B-28.6% | |
| New England | $614.63M-13.5% | $654.52M+9.7% | $705.96M+46.3% | $708.42M— | $710.85M— | |
| Rocky Mountain | $253.65M-36.2% | $172.31M-65.6% | $210.56M-54.3% | $292.23M— | $397.6M— | |
| Southeast | $7.57B-2.6% | $7.67B-3.6% | $7.78B-2.8% | $7.73B-5.8% | $7.77B-6.9% | |
| Southwest | $5.99B-21.8% | $6.18B-22.8% | $6.63B-17.6% | $7.18B-9.1% | $7.66B+0.5% | |
| Various | $925.32M-26.7% | $891.72M— | $909.06M— | $1.05B— | $1.26B— | |
| Percentage by Geography | ||||||
| Far West | 5.5%— | 5.4%— | 4.6%— | —— | —— | |
| Southeast | 44%— | 44.4%— | 46.2%— | 45.3%— | —— | |
| Real Estate Owned, Accumulated Depreciation by Geography | ||||||
| Jeffersonville, GA | $37.98M+32.0% | $35.68M+34.8% | $33.37M+38.1% | $31.07M+42.1% | $28.77M+47.1% | |
| Portland, OR | $456K+88.4% | $405K+118% | $354K+172% | $298K+282% | $242K— |
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.
