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Complete financial analysis of Franklin BSP Realty Trust, Inc. (FBRT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Franklin BSP Realty Trust, Inc., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Franklin BSP Realty Trust, Inc. (FBRT)
About Franklin BSP Realty Trust, Inc.
Franklin BSP Realty Trust, Inc., a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt secured by properties located in the United States. The company also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment. In addition, it invests in commercial real estate debt investments, which includes first mortgage loans, mezzanine loans, bridge loans, and other loans related to commercial real estate. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Benefit Street Partners Realty Trust, Inc. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 230.79M | 367.36M | 221.65M | 184.17M | 198.47M | 152.29M | 89.56M | 79.40M | 59.39M | 12.70M | 743.00K | 0.00 |
| Cost of Revenue | 339.42M | 165.71M | 60.84M | 70.21M | 93.22M | 70.00M | 32.36M | 23.17M | 12.27M | 4.39M | 0.00 | 0.00 |
| Gross Profit | -108.63M | 201.65M | 160.81M | 113.96M | 105.25M | 82.29M | 57.21M | 56.24M | 47.13M | 8.31M | 743.00K | 0.00 |
| Gross Profit Ratio | -47.07% | 54.89% | 72.55% | 61.88% | 53.03% | 54.03% | 63.87% | 70.82% | 79.34% | 65.46% | 100.00% | 0.00% |
| Research & Development | 0.00 | 0.04 | 0.13 | 0.29 | 0.38 | 0.32 | 0.36 | 0.39 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 34.47M | 64.17M | 47.42M | 39.26M | 44.22M | 32.06M | 21.48M | 19.35M | 12.61M | 1.65M | 71.00K | 96.00K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27.28K | 15.88K | 0.00 |
| SG&A | 34.47M | 64.17M | 47.42M | 39.26M | 44.22M | 32.06M | 21.48M | 19.35M | 12.61M | 1.68M | 86.88K | 96.00K |
| Other Expenses | 0.00 | 41.52M | -3.09M | 15.53M | 3.51M | -4.89M | -3.84M | -2.34M | -1.35M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 230.10M | 105.69M | 44.33M | 54.79M | 47.73M | 35.43M | 20.77M | 20.64M | 12.93M | 2.69M | 641.00K | 96.00K |
| Cost & Expenses | 121.66M | 271.40M | 105.17M | 125.00M | 140.95M | 105.43M | 53.13M | 43.81M | 25.20M | 7.08M | 641.00K | 96.00K |
| Interest Income | 552.51M | 357.71M | 216.89M | 179.87M | 195.30M | 152.29M | 89.56M | 79.40M | 59.39M | 15.47M | 775.06M | 0.00 |
| Interest Expense | 305.58M | 165.71M | 60.84M | 66.56M | 90.42M | 70.00M | 32.36M | 23.17M | 12.27M | 2.20M | 32.31M | 0.00 |
| Depreciation & Amortization | 7.13M | 129.98M | 41.61M | 63.52M | 53.17M | 42.38M | 28.57M | 24.03M | 7.92M | -5.51M | -102.00K | 96.00K |
| EBITDA | 163.18M | 106.55M | 167.07M | 64.58M | 58.02M | 46.86M | 36.44M | 35.60M | 34.20M | 2.31M | 31.98K | 0.00 |
| EBITDA Ratio | 70.70% | 15.71% | 75.38% | 35.06% | 11.77% | 23.59% | 39.12% | 48.94% | 70.90% | 0.88% | 13,683.18% | 0.00% |
| Operating Income | 154.77M | 52.31M | 164.96M | 62.35M | 22.85M | 46.86M | 36.44M | 35.60M | 34.20M | 5.51M | 102.00K | -96.00K |
| Operating Income Ratio | 67.06% | 14.24% | 74.43% | 33.85% | 11.51% | 30.77% | 40.68% | 44.83% | 57.57% | 43.40% | 13.73% | 0.00% |
| Total Other Income/Expenses | -13.01M | -4.37M | -149.14M | -6.49M | 38.17M | 86.98M | 5.06M | -5.61M | -12.27M | 112.00K | 101.56M | 0.00 |
| Income Before Tax | 141.75M | 13.82M | 29.30M | 52.68M | 88.41M | 52.90M | 34.00M | 29.99M | 24.93M | 5.62M | 102.00K | -96.00K |
| Income Before Tax Ratio | 61.42% | 3.76% | 13.22% | 28.61% | 44.54% | 34.74% | 37.97% | 37.77% | 41.98% | 44.28% | 13.73% | 0.00% |
| Income Tax Expense | -2.76M | -399.00K | 3.60M | -2.06M | 4.48M | 79.00K | 225.00K | 54.76M | 0.00 | 209.00K | 101.67M | 0.00 |
| Net Income | 145.22M | 14.43M | 25.70M | 54.75M | 83.92M | 52.83M | 33.78M | 29.99M | 24.93M | 5.42M | 102.00K | -96.00K |
| Net Income Ratio | 62.92% | 3.93% | 11.60% | 29.73% | 42.29% | 34.69% | 37.71% | 37.77% | 41.98% | 42.64% | 13.73% | 0.00% |
| EPS | 1.44 | -0.38 | -0.18 | 0.91 | 1.52 | 1.19 | 0.76 | 0.67 | 0.56 | 0.75 | 0.19 | 0.00 |
| EPS Diluted | 1.44 | -0.38 | -0.18 | 0.91 | 1.52 | 1.19 | 0.76 | 0.67 | 0.56 | 0.75 | 0.19 | 0.00 |
| Weighted Avg Shares Out | 82.31M | 71.63M | 43.42M | 43.95M | 43.95M | 44.49M | 44.49M | 44.49M | 44.49M | 7.23M | 536.84K | 0.00 |
| Weighted Avg Shares Out (Dil) | 82.31M | 71.63M | 43.42M | 43.95M | 43.95M | 44.49M | 44.49M | 44.49M | 44.49M | 7.23M | 530.10K | 0.00 |
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Franklin BSP (FBRT) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.44 per share a year ago.
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