Franklin BSP Realty Trust (FBRT) Financials

$11.45 +0.10 (+0.92%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$11.52 +0.06 (+0.53%)

As of 05/2/2025 07:16 PM Eastern

Annual Income Statements for Franklin BSP Realty Trust

This table shows Franklin BSP Realty Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	5.42	25	30	34	49	67	95	-7.89	-27	145	96
Consolidated Net Income / (Loss)	5.42	25	30	34	53	84	55	26	14	145	92
Net Income / (Loss) Continuing Operations	5.42	25	30	43	108	84	55	26	14	145	92
Total Pre-Tax Income	5.62	25	30	43	108	88	53	29	14	142	94
Total Operating Income	8.28	38	55	69	170	146	135	79	290	482	462
Total Gross Profit	15	59	77	90	235	198	184	222	367	570	549
Total Revenue	15	59	77	90	235	198	184	165	367	570	549
Operating Revenue	15	59	77	90	235	198	184	222	367	570	549
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	7.19	22	22	20	65	52	49	143	78	88	86
Selling, General & Admin Expense	2.20	5.70	7.80	16	27	32	27	23	42	41	46
Depreciation Expense	-	-	-	0.00	0.00	0.51	2.23	2.11	5.41	7.13	5.63
Other Operating Expenses / (Income)	4.99	16	15	-	37	19	19	28	29	39	34
Restructuring Charge	-	-	-	4.20	0.45	0.90	0.70	1.20	1.36	1.24	1.00
Total Other Income / (Expense), net	-2.65	-13	-25	-26	-62	-58	-82	6.80	-276	-340	-369
Interest Expense	2.20	13	24	32	70	90	63	61	166	303	338
Other Income / (Expense), net	-0.46	0.00	-0.25	6.32	8.02	33	-19	11	-110	-37	-30
Income Tax Expense	0.21	0.00	0.00	0.23	0.08	4.48	-2.06	3.60	-0.40	-2.76	1.12
Preferred Stock Dividends Declared	-	-	0.00	-	-	-	-	34	42	27	27
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	0.00	0.00	-0.22	-0.71	-3.48
Basic Earnings per Share	$0.75	$1.03	$0.95	$1.06	$1.44	$1.60	$0.90	($7,885,000.18)	($0.38)	$118,222,001.42	$68,885,000.82
Weighted Average Basic Shares Outstanding	7.23M	23.94M	27.90M	31.77M	34.27M	41.86M	44.38M	43.42M	71.63M	82.31M	81.85M
Diluted Earnings per Share	$0.75	$1.03	$0.95	$1.06	$1.44	$1.60	$0.90	($7,885,000.18)	($0.38)	$1.42	$0.82
Weighted Average Diluted Shares Outstanding	7.23M	24.26M	31.67M	31.78M	36.78M	41.87M	44.40M	43.43M	71.63M	82.31M	81.85M
Basic & Diluted Earnings per Share	-	-	-	-	-	-	-	-	-	$118,222,000.00	$68,885,000.00
Weighted Average Basic & Diluted Shares Outstanding	18.57M	31.56M	31.61M	31.53M	39.86M	44.39M	44.14M	43.96M	82.89M	82.12M	82.21M
Cash Dividends to Common per Share	$2.06	$2.06	$2.06	$1.80	$1.44	$1.44	$1.30	$1.26	$1.42	$1.42	$1.42

This table shows Franklin BSP Realty Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	28	21	44	40	32	30	36	-8.92	32	37	24
Consolidated Net Income / (Loss)	35	27	44	40	31	30	36	-3.77	30	30	24
Net Income / (Loss) Continuing Operations	35	27	44	40	31	30	36	-3.77	30	30	24
Total Pre-Tax Income	36	27	43	40	29	30	37	-3.88	30	30	24
Total Operating Income	79	102	112	136	119	115	115	120	118	110	90
Total Gross Profit	96	121	134	159	140	136	135	138	140	136	121
Total Revenue	96	154	134	159	140	136	135	138	140	136	121
Operating Revenue	96	121	134	159	140	136	135	138	140	136	121
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	17	18	22	23	22	21	21	18	22	26	30
Selling, General & Admin Expense	8.50	9.53	11	10	11	8.77	9.31	7.77	13	16	20
Depreciation Expense	1.30	1.52	1.81	2.20	1.51	1.61	1.42	1.42	1.39	1.41	1.38
Other Operating Expenses / (Income)	7.10	7.05	9.11	10	9.16	10	9.66	8.34	7.04	9.09	8.80
Restructuring Charge	0.36	0.36	0.38	0.28	0.32	0.26	0.24	0.20	0.26	0.31	0.30
Total Other Income / (Expense), net	-44	-109	-68	-97	-90	-85	-78	-124	-87	-80	-66
Interest Expense	46	64	66	75	81	81	81	87	90	81	71
Other Income / (Expense), net	2.65	-12	-2.06	-22	-8.79	-4.22	3.34	-37	2.49	0.73	4.59
Income Tax Expense	0.42	-0.68	-0.66	0.05	-1.80	-0.35	0.84	-0.12	0.21	0.19	0.65
Preferred Stock Dividends Declared	6.90	6.88	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.22	0.01	0.04	-0.77	0.02	-0.09	-1.59	-1.44	-0.35	-0.35
Basic Earnings per Share	$28,359,000.34	$47,823,000.70	$37,082,000.44	$32,854,000.39	$25,019,000.30	$23,267,000.29	$29,172,000.35	($0.11)	$24,865,000.30	$14,848,000.28	$17,310,000.20
Weighted Average Basic Shares Outstanding	83.67M	71.63M	82.77M	82.25M	82.21M	82.31M	81.99M	81.82M	81.79M	81.85M	82.05M
Diluted Earnings per Share	$28,359,000.34	$47,823,000.70	$37,082,000.44	$32,854,000.39	$25,019,000.30	($94,954,999.71)	$29,172,000.35	($0.11)	$24,865,000.30	($54,036,999.72)	$17,310,000.20
Weighted Average Diluted Shares Outstanding	83.67M	71.63M	82.77M	82.25M	82.21M	82.31M	81.99M	81.82M	81.79M	81.85M	82.05M
Weighted Average Basic & Diluted Shares Outstanding	82.48M	82.89M	82.28M	82.21M	82.07M	82.12M	81.87M	81.83M	81.84M	82.21M	82.21M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	$0.36	-	$0.36

This table details how cash moves in and out of Franklin BSP Realty Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	0.21	14	103	-31	113	-95	-17	76	22	153	-147
Net Cash From Operating Activities	2.69	25	35	8.35	7.10	45	115	146	153	197	57
Net Cash From Continuing Operating Activities	2.69	25	34	8.35	7.10	45	-197	146	152	197	57
Net Income / (Loss) Continuing Operations	5.42	25	30	34	53	84	55	26	14	145	92
Consolidated Net Income / (Loss)	5.42	25	30	34	53	84	55	26	14	145	92
Depreciation Expense	-	-	-	-	0.00	0.00	2.23	2.11	5.33	8.41	5.63
Amortization Expense	0.08	1.26	0.18	2.10	8.11	3.44	3.59	-2.47	-6.31	-5.29	3.41
Non-Cash Adjustments To Reconcile Net Income	0.32	-0.72	3.00	-26	-45	-47	-254	41	132	48	-47
Changes in Operating Assets and Liabilities, net	-3.13	-0.04	1.06	-1.29	-8.92	5.14	-3.07	80	6.86	1.51	2.64
Net Cash From Investing Activities	-472	-750	139	-333	-856	-969	241	1,069	3,097	381	-155
Net Cash From Continuing Investing Activities	-472	-750	139	-333	-856	-969	241	1,069	3,097	381	-155
Purchase of Property, Plant & Equipment	-	-	-	0.00	0.00	-42	-2.82	-134	-0.66	-1.15	-0.32
Purchase of Investments	-46	-879	-54	-838	-1,639	-1,694	-1,431	-2,882	-2,448	-1,160	-1,852
Sale and/or Maturity of Investments	0.07	3.01	81	50	12	11	346	2,061	3,731	437	122
Other Investing Activities, net	-426	126	67	333	771	756	1,305	2,024	1,816	1,105	1,575
Net Cash From Financing Activities	469	739	-72	293	961	829	-373	-1,139	-3,227	-425	-49
Net Cash From Continuing Financing Activities	469	739	-72	293	961	829	-373	-1,139	-3,227	-425	-49
Repayment of Debt	135	-378	37	-1,010	-433	-255	-159	-296	-1,067	-1,348	-858
Repurchase of Preferred Equity	26	91	-51	-28	5.51	350	-208	-2,429	-3,739	-266	63
Repurchase of Common Equity	-36	-48	-18	-21	-16	-14	-10	-11	-17	-13	-4.87
Payment of Dividends	-7.59	-27	-40	-39	-37	-61	-50	-88	-140	-146	-161
Issuance of Debt	5.55	716	0.00	1,390	1,171	669	43	1,651	1,669	1,349	914
Issuance of Common Equity	346	385	0.00	0.00	124	76	11	0.00	0.13	0.00	0.06
Other Financing Activities, net	-	-	-	-	-	0.00	0.00	20	65	-0.81	-1.51
Cash Interest Paid	1.50	8.89	19	27	53	79	60	51	144	295	325
Cash Income Taxes Paid	0.05	0.16	0.00	0.00	0.36	0.00	4.40	0.14	1.20	0.33	1.04

This table details how cash moves in and out of Franklin BSP Realty Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-195	-72	47	-5.14	186	-74	-96	-142	248	-157	27
Net Cash From Operating Activities	155	22	33	45	63	56	13	1.91	97	-55	116
Net Cash From Continuing Operating Activities	155	22	34	45	63	56	13	1.91	97	-55	116
Net Income / (Loss) Continuing Operations	35	27	44	40	31	30	36	-3.77	30	30	24
Consolidated Net Income / (Loss)	35	27	44	40	31	30	36	-3.77	30	30	24
Depreciation Expense	1.30	1.44	1.64	1.91	2.90	1.96	1.42	1.42	1.39	1.41	1.38
Amortization Expense	-7.03	-2.09	-2.33	-0.03	-1.78	-1.16	0.65	0.89	1.27	0.60	0.72
Non-Cash Adjustments To Reconcile Net Income	90	36	-4.51	3.66	28	21	-29	5.90	64	-88	84
Changes in Operating Assets and Liabilities, net	35	-41	-5.06	-0.38	3.18	3.77	3.88	-2.53	0.71	0.57	6.56
Net Cash From Investing Activities	-194	-105	423	-142	274	-174	-139	-390	109	265	287
Net Cash From Continuing Investing Activities	-194	-105	423	-142	274	-174	-139	-390	109	265	287
Purchase of Property, Plant & Equipment	-	-0.66	0.00	-0.65	-0.27	-0.24	0.00	-	-0.05	-0.28	-0.71
Purchase of Investments	-503	-409	-216	-357	-256	-332	-504	-624	-353	-371	-172
Sale and/or Maturity of Investments	3,732	0.17	225	-97	59	249	42	15	33	31	34
Other Investing Activities, net	-3,423	305	414	215	351	126	323	219	429	604	426
Net Cash From Financing Activities	-156	11	-409	92	-151	44	31	246	42	-367	-376
Net Cash From Continuing Financing Activities	-156	11	-409	92	-151	44	31	246	42	-367	-376
Repayment of Debt	-154	-87	-201	69	-639	-577	22	237	-790	-326	-336
Repurchase of Common Equity	-11	-5.54	-3.67	-5.76	-0.01	-3.34	-1.88	-2.99	-	-	0.00
Payment of Dividends	-36	-37	-36	-36	-36	-38	-36	-37	-52	-36	-38
Issuance of Debt	-2.57	39	44	3.23	574	729	28	-	886	-	0.00
Other Financing Activities, net	3.20	-0.00	-0.81	-	-	-	-1.51	-	-	-	-2.39
Cash Interest Paid	41	58	69	73	77	76	78	84	86	76	68
Cash Income Taxes Paid	-1.92	-	-0.02	0.33	0.01	0.00	0.05	0.41	0.00	0.57	3.73

This table presents Franklin BSP Realty Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	514	1,282	1,248	1,584	2,606	3,541	3,190	9,475	6,204	5,955	6,002
Total Current Assets	3.67	22	120	88	2,415	501	101	182	206	363	214
Cash & Equivalents	0.39	15	118	84	191	87	82	155	179	338	184
Restricted Cash	0.07	5.37	-	-	13	22	10	13	11	6.09	12
Prepaid Expenses	3.78	0.69	1.92	4.01	4.24	5.32	8.54	14	16	19	18
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	510	1,260	1,128	1,504	191	3,040	3,089	9,292	5,997	5,592	5,788
Long-Term Investments	-	-	-	-	-	-	-	-	-	0.00	13
Noncurrent Note & Lease Receivables	0.00	0.00	22	49	74	2,852	99	252	43	55	158
Intangible Assets	-	-	-	-	0.00	14	14	48	55	43	40
Other Noncurrent Operating Assets	510	1,260	1,107	1,455	117	174	2,977	8,992	5,900	5,494	5,577
Total Liabilities & Shareholders' Equity	514	1,282	1,248	1,584	2,606	3,541	3,190	9,475	6,204	5,955	6,002
Total Liabilities	184	628	614	973	1,727	2,515	2,182	7,667	4,530	4,279	4,393
Total Current Liabilities	7.28	12	5.23	11	10	11	5.13	15	67	29	27
Accounts Payable	2.39	6.81	1.17	4.51	4.50	11	5.13	13	18	13	14
Accrued Expenses	-	-	-	-	-	-	-	2.69	13	15	13
Total Noncurrent Liabilities	176	616	609	962	1,707	2,504	2,177	7,651	4,442	4,219	4,350
Long-Term Debt	0.00	287	278	852	1,505	1,832	1,686	2,373	3,321	3,709	3,747
Other Noncurrent Operating Liabilities	176	329	331	111	202	671	491	5,279	1,121	510	603
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	-	-	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	209	97	95	90	90
Total Equity & Noncontrolling Interests	331	654	634	610	879	1,026	798	1,711	1,578	1,586	1,520
Total Preferred & Common Equity	331	654	634	610	733	817	798	1,706	1,563	1,559	1,513
Preferred Stock	0.00	-	0.00	0.00	146	209	0.04	969	259	259	259
Total Common Equity	331	654	634	610	733	817	798	736	1,304	1,300	1,254
Common Stock	341	692	705	704	828	904	913	903	1,603	1,600	1,602
Retained Earnings	-10	-35	-71	-94	-94	-86	-106	-167	-299	-299	-348
Accumulated Other Comprehensive Income / (Loss)	-0.31	-2.25	-0.50	0.00	-0.46	-0.98	-8.26	-0.06	0.39	-0.70	0.08
Noncontrolling Interest	-	-	-	-	-	-	0.00	5.76	15	27	7.50

This table presents Franklin BSP Realty Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	6,178	5,839	5,985	5,875	6,028	6,269	6,335	5,654
Total Current Assets	351	257	248	436	268	123	374	242
Cash & Equivalents	217	230	225	411	240	95	346	215
Restricted Cash	45	6.87	7.44	6.66	8.09	11	7.72	8.74
Prepaid Expenses	14	19	16	18	20	17	20	18
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	5,827	5,582	5,737	5,440	5,760	6,146	5,961	5,412
Long-Term Investments	-	-	-	-	-	-	-	13
Noncurrent Note & Lease Receivables	5,369	18	67	26	27	54	196	54
Intangible Assets	46	59	66	44	42	41	41	39
Other Noncurrent Operating Assets	412	5,505	5,605	5,370	5,691	6,051	5,724	5,305
Total Liabilities & Shareholders' Equity	6,178	5,839	5,985	5,875	6,028	6,269	6,335	5,654
Total Liabilities	4,502	4,158	4,296	4,190	4,353	4,636	4,721	4,059
Total Current Liabilities	53	16	49	53	63	27	26	29
Accounts Payable	53	16	12	17	11	13	14	18
Accrued Expenses	-	-	-	-	15	14	12	11
Total Noncurrent Liabilities	4,449	4,143	4,231	4,120	4,290	4,609	4,695	4,029
Long-Term Debt	3,350	3,237	3,220	3,606	3,649	3,538	4,216	3,345
Other Noncurrent Operating Liabilities	1,098	906	1,012	513	641	1,071	479	684
Commitments & Contingencies	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	97	90	90	90	90	90	90	90
Total Equity & Noncontrolling Interests	1,580	1,591	1,600	1,596	1,585	1,544	1,524	1,505
Total Preferred & Common Equity	1,574	1,570	1,570	1,567	1,558	1,519	1,516	1,500
Preferred Stock	259	259	259	259	259	259	259	259
Total Common Equity	1,315	1,311	1,311	1,308	1,300	1,260	1,258	1,241
Common Stock	1,606	1,605	1,601	1,602	1,598	1,598	1,600	1,602
Retained Earnings	-290	-292	-288	-293	-299	-338	-342	-360
Accumulated Other Comprehensive Income / (Loss)	-0.37	-1.94	-1.30	-1.10	0.53	0.58	0.40	-0.32
Noncontrolling Interest	5.76	21	30	29	27	25	7.79	5.68

This table displays calculated financial ratios and metrics derived from Franklin BSP Realty Trust's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1,895.61%	284.02%	30.48%	15.57%	161.91%	-15.39%	-7.20%	-10.16%	122.03%	55.03%	-3.62%
EBITDA Growth	18,272.09%	390.85%	41.68%	41.49%	139.54%	-2.11%	-33.40%	-26.04%	98.87%	151.08%	-1.61%
EBIT Growth	5,735.82%	379.78%	45.96%	38.12%	135.46%	0.41%	-35.38%	-22.00%	99.15%	147.97%	-2.95%
NOPAT Growth	5,848.04%	370.73%	46.62%	25.36%	146.44%	-18.30%	1.04%	-50.80%	332.03%	64.67%	-6.95%
Net Income Growth	5,208.82%	360.44%	20.28%	12.63%	56.38%	58.87%	-34.77%	-53.05%	-44.69%	916.60%	-36.06%
EPS Growth	294.74%	37.33%	-7.77%	11.58%	35.85%	11.11%	-43.75%	-876,111,231.11%	100.00%	473.68%	-42.25%
Operating Cash Flow Growth	246.01%	847.23%	37.71%	-76.15%	-15.03%	539.18%	154.21%	27.02%	4.11%	29.42%	-71.00%
Free Cash Flow Firm Growth	0.00%	-91.44%	133.73%	-378.59%	-22.11%	95.56%	-247.13%	-1,262.73%	58.94%	150.81%	31.55%
Invested Capital Growth	895.74%	178.91%	-14.34%	74.61%	58.36%	7.62%	10.11%	54.23%	21.17%	4.34%	1.75%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	33.49%	0.09%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.06%	0.27%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.74%	-0.01%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.44%	-1.64%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.02%	0.15%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-100.00%	100.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	33.68%	20.84%	-65.98%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	536.44%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.96%	-5.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	133.96%	100.00%	100.00%	100.00%
EBITDA Margin	51.08%	65.29%	70.89%	86.79%	79.38%	91.84%	65.91%	54.26%	48.60%	78.71%	80.35%
Operating Margin	53.52%	63.17%	70.98%	77.40%	72.50%	73.70%	73.31%	47.56%	78.90%	84.58%	84.25%
EBIT Margin	50.56%	63.17%	70.66%	84.45%	75.92%	90.10%	62.75%	54.48%	48.86%	78.16%	78.70%
Profit (Net Income) Margin	35.01%	41.98%	38.70%	37.71%	22.52%	42.29%	29.73%	15.53%	3.87%	25.37%	16.83%
Tax Burden Percent	96.28%	100.00%	100.00%	78.05%	48.87%	94.93%	103.91%	87.72%	102.89%	101.94%	98.80%
Interest Burden Percent	71.92%	66.45%	54.76%	57.22%	60.69%	49.44%	45.59%	32.51%	7.70%	31.85%	21.65%
Effective Tax Rate	3.72%	0.00%	0.00%	0.52%	0.07%	5.07%	-3.91%	12.28%	-2.89%	-1.94%	1.20%
Return on Invested Capital (ROIC)	4.36%	5.96%	6.39%	6.33%	9.49%	6.09%	5.65%	2.09%	6.72%	9.89%	8.93%
ROIC Less NNEP Spread (ROIC-NNEP)	-51.26%	-3.21%	-5.16%	-1.19%	-1.70%	1.95%	-0.19%	-0.19%	-3.81%	-0.64%	-1.56%
Return on Net Nonoperating Assets (RNNOA)	-1.32%	-0.90%	-1.74%	-0.89%	-2.40%	2.72%	-0.27%	-0.26%	-5.90%	-1.26%	-3.31%
Return on Equity (ROE)	3.04%	5.06%	4.66%	5.43%	7.09%	8.81%	5.38%	1.83%	0.82%	8.63%	5.62%
Cash Return on Invested Capital (CROIC)	-159.14%	-88.48%	21.84%	-48.01%	-35.69%	-1.24%	-3.97%	-40.58%	-12.42%	5.64%	7.20%
Operating Return on Assets (OROA)	2.84%	4.18%	4.33%	5.34%	8.50%	5.82%	3.43%	1.42%	2.29%	7.32%	7.23%
Return on Assets (ROA)	1.97%	2.78%	2.37%	2.39%	2.52%	2.73%	1.63%	0.41%	0.18%	2.38%	1.55%
Return on Common Equity (ROCE)	3.04%	5.06%	4.66%	5.43%	6.40%	7.17%	4.28%	0.99%	0.48%	6.71%	4.37%
Return on Equity Simple (ROE_SIMPLE)	1.64%	3.81%	4.73%	5.53%	7.20%	10.27%	6.86%	1.51%	0.91%	9.27%	6.11%
Net Operating Profit after Tax (NOPAT)	7.97	38	55	69	170	139	140	69	298	491	457
NOPAT Margin	51.53%	63.17%	70.98%	77.00%	72.45%	69.96%	76.18%	41.72%	81.18%	86.22%	83.24%
Net Nonoperating Expense Percent (NNEP)	55.62%	9.17%	11.56%	7.51%	11.19%	4.14%	5.84%	2.28%	10.53%	10.53%	10.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	6.09%	9.27%	8.68%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	14.21%	9.60%	10.07%	17.92%	11.36%	16.01%	14.88%	14.05%	11.45%	7.17%	8.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	46.48%	36.83%	29.02%	22.60%	27.50%	26.30%	26.69%	86.40%	21.10%	15.42%	15.75%
Earnings before Interest and Taxes (EBIT)	7.82	38	55	76	178	179	116	90	180	445	432
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7.90	39	55	78	186	182	121	90	179	448	441
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.68	0.66	0.76	0.82
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.73	0.68	0.79	0.85
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.04	2.33	1.74	1.87
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.83	10.70
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.50%	13.69%	11.75%	11.32%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.64%	9.34%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.94	0.90	0.93	0.95
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	22.84	11.85	8.31	8.96
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	42.10	24.39	10.56	11.15
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	41.93	24.26	10.63	11.39
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	54.75	14.60	9.64	10.76
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.80	28.55	23.98	85.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16.90	13.35
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.44	0.44	1.40	1.71	1.79	1.67	1.31	1.98	2.21	2.33
Long-Term Debt to Equity	0.00	0.44	0.44	1.40	1.71	1.79	1.67	1.31	1.98	2.21	2.33
Financial Leverage	0.03	0.28	0.34	0.75	1.41	1.39	1.44	1.35	1.55	1.97	2.11
Leverage Ratio	1.54	1.82	1.96	2.28	2.81	3.23	3.31	4.50	4.50	3.63	3.64
Compound Leverage Factor	1.11	1.21	1.08	1.30	1.71	1.60	1.51	1.46	0.35	1.16	0.79
Debt to Total Capital	0.00%	30.51%	30.53%	58.26%	63.13%	64.11%	62.59%	56.75%	66.50%	68.88%	69.95%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	30.51%	30.53%	58.26%	63.13%	64.11%	62.59%	56.75%	66.50%	68.88%	69.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	6.11%	7.32%	0.00%	23.18%	5.18%	4.80%	4.83%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.77%	2.45%	2.21%	2.17%	1.82%
Common Equity to Total Capital	100.00%	69.49%	69.47%	41.74%	30.75%	28.58%	29.64%	17.61%	26.12%	24.15%	23.41%
Debt to EBITDA	0.00	7.41	5.07	10.96	8.08	10.05	13.89	26.43	18.60	8.27	8.49
Net Debt to EBITDA	0.00	6.89	2.92	9.88	6.99	7.34	13.13	24.56	17.54	7.51	8.02
Long-Term Debt to EBITDA	0.00	7.41	5.07	10.96	8.08	10.05	13.89	26.43	18.60	8.27	8.49
Debt to NOPAT	0.00	7.66	5.06	12.35	8.86	13.20	12.02	34.37	11.14	7.55	8.20
Net Debt to NOPAT	0.00	7.12	2.92	11.14	7.65	9.63	11.36	31.94	10.50	6.85	7.74
Long-Term Debt to NOPAT	0.00	7.66	5.06	12.35	8.86	13.20	12.02	34.37	11.14	7.55	8.20
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.23	0.48	0.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	9.79%	18.63%	20.57%	45.50%	41.39%	22.23%	22.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.50	1.79	22.92	8.02	233.81	45.84	19.64	11.84	3.09	12.63	7.86
Quick Ratio	-0.03	1.30	22.55	7.66	232.14	43.35	16.01	10.06	2.69	11.75	6.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-291	-557	188	-523	-639	-28	-98	-1,342	-551	280	368
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	107.98%	0.00%	109.28%	23,003.77%	17,149.17%	17,664.51%
Free Cash Flow to Firm to Interest Expense	-132.51	-44.26	7.68	-16.18	-9.13	-0.31	-1.57	-22.06	-3.33	0.92	1.09
Operating Cash Flow to Interest Expense	1.22	2.02	1.43	0.26	0.10	0.50	1.83	2.41	0.92	0.65	0.17
Operating Cash Flow Less CapEx to Interest Expense	1.22	2.02	3.25	4.02	0.10	0.04	2.15	0.20	0.92	0.65	0.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.07	0.06	0.06	0.11	0.06	0.05	0.03	0.05	0.09	0.09
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	332	927	794	1,386	2,196	2,363	2,602	4,013	4,862	5,073	5,161
Invested Capital Turnover	0.08	0.09	0.09	0.08	0.13	0.09	0.07	0.05	0.08	0.11	0.11
Increase / (Decrease) in Invested Capital	299	595	-133	592	809	167	239	1,411	849	211	89
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3,779	4,355	4,733	4,919
Market Capitalization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	503	855	992	1,026
Book Value per Share	$141.57	$35.23	$20.08	$19.31	$23.25	$20.49	$17.99	$16.68	$15.81	$15.84	$15.32
Tangible Book Value per Share	$141.57	$35.23	$20.08	$19.31	$23.25	$20.13	$17.68	$15.58	$15.15	$15.32	$14.83
Total Capital	331	942	912	1,462	2,384	2,858	2,694	4,181	4,994	5,385	5,356
Total Debt	0.00	287	278	852	1,505	1,832	1,686	2,373	3,321	3,709	3,747
Total Long-Term Debt	0.00	287	278	852	1,505	1,832	1,686	2,373	3,321	3,709	3,747
Net Debt	-0.45	267	160	768	1,301	1,337	1,594	2,204	3,130	3,365	3,536
Capital Expenditures (CapEx)	0.00	0.00	-44	-122	0.00	42	-20	134	0.66	1.15	0.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.06	-10	-3.32	-6.92	2,201	-5.60	3.41	-1.37	-51	-9.51	-9.76
Debt-free Net Working Capital (DFNWC)	-3.61	9.81	115	77	2,405	490	96	167	140	334	187
Net Working Capital (NWC)	-3.61	9.81	115	77	2,405	490	96	167	140	334	187
Net Nonoperating Expense (NNE)	2.56	13	25	35	117	55	86	43	284	347	365
Net Nonoperating Obligations (NNO)	1.83	273	160	776	1,317	1,337	1,594	2,204	3,189	3,397	3,552
Total Depreciation and Amortization (D&A)	0.08	1.26	0.18	2.10	8.11	3.44	5.82	-0.37	-0.98	3.12	9.04
Debt-free, Cash-free Net Working Capital to Revenue	-26.27%	-17.44%	-4.28%	-7.73%	938.18%	-2.82%	1.85%	-0.83%	-13.86%	-1.67%	-1.78%
Debt-free Net Working Capital to Revenue	-23.34%	16.52%	148.04%	85.73%	1,025.32%	246.81%	51.88%	100.83%	38.00%	58.68%	34.09%
Net Working Capital to Revenue	-23.34%	16.52%	148.04%	85.73%	1,025.32%	246.81%	51.88%	100.83%	38.00%	58.68%	34.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.75	$1.03	$0.95	$1.06	$1.44	$0.00	$0.90	($0.18)	($0.38)	$118,222,001.42	$68,885,000.82
Adjusted Weighted Average Basic Shares Outstanding	7.23M	24.25M	31.66M	38.09M	42.29M	0.00	44.38M	43.42M	71.63M	82.31M	81.85M
Adjusted Diluted Earnings per Share	$0.75	$1.03	$0.95	$1.06	$1.44	$0.00	$0.90	($0.18)	($0.38)	$1.42	$0.82
Adjusted Weighted Average Diluted Shares Outstanding	7.23M	24.26M	31.67M	31.78M	36.78M	0.00	44.40M	43.43M	71.63M	82.31M	81.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$118,222,000.00	$68,885,000.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.57M	31.56M	31.61M	31.53M	39.86M	0.00	44.14M	43.96M	82.89M	82.12M	82.21M
Normalized Net Operating Profit after Tax (NOPAT)	7.97	26	39	73	170	140	95	148	204	338	458
Normalized NOPAT Margin	51.53%	44.22%	49.69%	81.66%	72.64%	70.39%	51.58%	89.16%	55.49%	59.36%	83.42%
Pre Tax Income Margin	36.36%	41.98%	38.70%	48.32%	46.08%	44.54%	28.61%	17.71%	3.76%	24.89%	17.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.56	2.98	2.24	2.34	2.54	1.98	1.84	1.48	1.08	1.47	1.28
NOPAT to Interest Expense	3.63	2.98	2.25	2.13	2.43	1.54	2.23	1.13	1.80	1.62	1.35
EBIT Less CapEx to Interest Expense	3.56	2.98	4.05	6.10	2.54	1.51	2.15	-0.72	1.08	1.46	1.28
NOPAT Less CapEx to Interest Expense	3.63	2.98	4.06	5.89	2.43	1.07	2.54	-1.07	1.80	1.61	1.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	140.20%	108.09%	134.21%	114.95%	69.95%	72.22%	90.95%	344.10%	986.00%	101.26%	174.34%
Augmented Payout Ratio	806.17%	300.25%	194.81%	175.77%	100.19%	88.68%	109.69%	388.52%	1,102.63%	110.10%	179.61%

This table displays calculated financial ratios and metrics derived from Franklin BSP Realty Trust's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	439.51%	0.00%	72.55%	301.15%	45.54%	-11.48%	1.06%	-13.62%	-0.57%	0.36%	-10.77%
EBITDA Growth	2,124.38%	0.00%	103,520.00%	854.91%	46.03%	23.97%	10.34%	-26.97%	10.62%	1.07%	-19.16%
EBIT Growth	2,006.95%	0.00%	214,776.47%	1,546.23%	34.42%	22.21%	7.76%	-27.78%	9.33%	-0.02%	-19.52%
NOPAT Growth	2,837.02%	0.00%	181.68%	282.12%	61.15%	10.96%	-1.08%	-38.31%	-7.25%	-6.03%	-21.51%
Net Income Growth	-8.41%	0.00%	294.78%	254.20%	-12.09%	10.52%	-18.28%	-109.50%	-2.65%	0.46%	-33.83%
EPS Growth	4,232,686,517.91%	0.00%	185.21%	200.58%	-11.78%	-298.56%	-21.33%	-100.00%	-0.62%	43.09%	-40.66%
Operating Cash Flow Growth	42.11%	232.27%	203.01%	446.65%	-59.23%	155.60%	-61.00%	-95.76%	54.53%	-198.51%	796.21%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	100.24%	97.60%	0.00%	93.00%	-2,425.48%	-290.29%	122.06%	255.39%
Invested Capital Growth	0.00%	0.00%	0.00%	2.72%	5.05%	4.34%	9.22%	7.13%	11.14%	1.75%	-8.00%
Revenue Q/Q Growth	142.82%	59.30%	2,040.67%	19.04%	-11.91%	-3.11%	-0.53%	1.74%	1.40%	-2.21%	-11.56%
EBITDA Q/Q Growth	523.12%	18.42%	20.74%	7.18%	-4.71%	0.53%	7.46%	-29.06%	44.33%	-8.15%	-14.04%
EBIT Q/Q Growth	1,074.26%	10.90%	20.64%	4.79%	-4.12%	0.82%	6.37%	-29.77%	45.15%	-7.80%	-14.37%
NOPAT Q/Q Growth	119.80%	34.15%	7.88%	20.12%	-7.30%	-7.63%	-3.82%	-25.08%	39.35%	-6.42%	-19.66%
Net Income Q/Q Growth	237.14%	-22.93%	61.33%	-9.57%	-21.82%	-3.11%	19.30%	-110.51%	901.41%	-0.02%	-21.42%
EPS Q/Q Growth	186.82%	68.63%	80.77%	-11.40%	-23.85%	-479.53%	130.72%	-100.00%	22,604,545,827.27%	-317.32%	132.03%
Operating Cash Flow Q/Q Growth	1,772.65%	-85.85%	52.00%	35.75%	39.67%	-11.31%	-76.81%	-85.24%	4,990.80%	-156.54%	311.00%
Free Cash Flow Firm Q/Q Growth	-0.96%	100.00%	0.00%	100.24%	-1,116.44%	14.54%	-407.61%	20.79%	-70.59%	104.83%	2,280.91%
Invested Capital Q/Q Growth	1.88%	3.66%	-3.73%	1.04%	4.19%	2.96%	1.41%	-0.90%	8.09%	-5.74%	-8.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	78.65%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	78.90%	58.66%	81.29%	73.19%	79.17%	82.15%	88.75%	61.88%	88.08%	82.73%	80.40%
Operating Margin	82.11%	66.63%	83.34%	85.50%	84.63%	84.66%	84.75%	87.12%	84.39%	80.72%	74.86%
EBIT Margin	84.85%	59.08%	81.80%	72.01%	78.37%	81.56%	87.22%	60.21%	86.18%	81.25%	78.66%
Profit (Net Income) Margin	36.56%	17.69%	32.75%	24.88%	22.08%	22.08%	26.49%	-2.74%	21.62%	22.11%	19.64%
Tax Burden Percent	98.83%	102.51%	101.53%	99.87%	106.16%	101.18%	97.72%	96.99%	99.31%	99.36%	97.32%
Interest Burden Percent	43.60%	29.21%	39.44%	34.60%	26.54%	26.76%	31.07%	-4.69%	25.26%	27.38%	25.65%
Effective Tax Rate	1.17%	-2.57%	-1.53%	0.13%	-6.16%	-1.18%	2.28%	0.00%	0.69%	0.64%	2.68%
Return on Invested Capital (ROIC)	0.00%	5.16%	9.51%	7.00%	7.97%	9.82%	9.66%	6.84%	8.84%	8.60%	7.93%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	2.72%	4.89%	3.77%	4.93%	7.20%	7.29%	4.13%	6.39%	6.32%	5.97%
Return on Net Nonoperating Assets (RNNOA)	0.00%	5.19%	8.72%	6.64%	9.17%	14.15%	13.98%	8.04%	13.76%	13.37%	11.95%
Return on Equity (ROE)	0.00%	10.35%	18.23%	13.64%	17.14%	23.97%	23.64%	14.88%	22.60%	21.97%	19.88%
Cash Return on Invested Capital (CROIC)	0.00%	-11.33%	0.00%	0.00%	0.00%	5.64%	1.18%	2.83%	-1.62%	7.20%	17.16%
Operating Return on Assets (OROA)	0.00%	2.77%	3.69%	4.50%	5.55%	7.64%	8.39%	5.40%	7.74%	7.46%	7.20%
Return on Assets (ROA)	0.00%	0.83%	1.48%	1.56%	1.56%	2.07%	2.55%	-0.25%	1.94%	2.03%	1.80%
Return on Common Equity (ROCE)	0.00%	6.07%	14.22%	10.65%	13.38%	18.64%	18.39%	11.52%	17.57%	17.08%	15.44%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	5.13%	9.29%	9.04%	0.00%	8.76%	6.13%	6.08%	0.00%	5.35%
Net Operating Profit after Tax (NOPAT)	78	105	113	136	126	116	112	84	117	109	88
NOPAT Margin	81.14%	68.34%	84.62%	85.39%	89.85%	85.66%	82.82%	60.99%	83.81%	80.20%	72.85%
Net Nonoperating Expense Percent (NNEP)	2.85%	2.44%	4.63%	3.24%	3.04%	2.63%	2.37%	2.71%	2.44%	2.28%	1.96%
Return On Investment Capital (ROIC_SIMPLE)	-	2.14%	-	-	-	2.20%	-	-	-	2.08%	1.81%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	8.81%	6.20%	8.23%	6.59%	7.53%	6.45%	6.88%	5.65%	9.39%	11.37%	16.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.89%	12.02%	16.66%	14.50%	15.37%	15.34%	15.25%	12.88%	15.61%	19.28%	25.14%
Earnings before Interest and Taxes (EBIT)	82	91	109	115	110	111	118	83	120	111	95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	76	90	109	117	111	112	120	85	123	113	97
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.57	0.66	0.66	0.80	0.75	0.76	0.82	0.82	0.85	0.82	0.84
Price to Tangible Book Value (P/TBV)	0.59	0.68	0.69	0.84	0.77	0.79	0.85	0.85	0.88	0.85	0.87
Price to Revenue (P/Rev)	0.00	2.33	3.29	2.74	2.29	1.74	1.87	1.88	1.95	1.87	1.96
Price to Earnings (P/E)	0.00	0.00	14.43	7.91	7.20	6.83	7.76	11.62	12.06	10.70	12.47
Dividend Yield	15.16%	13.69%	13.58%	11.16%	11.94%	11.75%	10.93%	11.27%	10.87%	11.32%	11.15%
Earnings Yield	0.00%	0.00%	6.93%	12.64%	13.88%	14.64%	12.88%	8.61%	8.29%	9.34%	8.02%
Enterprise Value to Invested Capital (EV/IC)	0.88	0.90	0.91	0.93	0.92	0.93	0.95	0.95	0.97	0.95	0.96
Enterprise Value to Revenue (EV/Rev)	0.00	11.85	16.10	11.53	10.65	8.31	8.48	8.81	9.64	8.96	8.44
Enterprise Value to EBITDA (EV/EBITDA)	0.00	24.39	14.75	11.27	10.65	10.56	10.54	11.30	12.02	11.15	10.79
Enterprise Value to EBIT (EV/EBIT)	0.00	24.26	14.66	11.12	10.69	10.63	10.67	11.47	12.24	11.39	11.03
Enterprise Value to NOPAT (EV/NOPAT)	0.00	14.60	12.16	10.22	9.48	9.64	9.90	10.17	11.38	10.76	10.41
Enterprise Value to Operating Cash Flow (EV/OCF)	36.12	28.55	19.43	17.31	27.82	23.98	27.34	36.14	31.42	85.94	28.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	16.90	84.04	34.90	0.00	13.35	5.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.00	1.98	1.93	1.91	2.14	2.21	2.18	2.17	2.61	2.33	2.10
Long-Term Debt to Equity	2.00	1.98	1.93	1.91	2.14	2.21	2.18	2.17	2.61	2.33	2.10
Financial Leverage	1.80	1.91	1.78	1.76	1.86	1.97	1.92	1.95	2.15	2.11	2.00
Leverage Ratio	3.69	4.50	3.47	3.63	3.59	3.63	3.54	3.69	3.70	3.64	3.57
Compound Leverage Factor	1.61	1.32	1.37	1.25	0.95	0.97	1.10	-0.17	0.93	1.00	0.92
Debt to Total Capital	66.65%	66.50%	65.82%	65.58%	68.15%	68.88%	68.54%	68.41%	72.32%	69.95%	67.71%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	66.65%	66.50%	65.82%	65.58%	68.15%	68.88%	68.54%	68.41%	72.32%	69.95%	67.71%
Preferred Equity to Total Capital	5.15%	5.18%	5.26%	5.27%	4.89%	4.80%	4.86%	5.00%	4.44%	4.83%	5.24%
Noncontrolling Interests to Total Capital	2.04%	2.21%	2.26%	2.44%	2.24%	2.17%	2.19%	2.21%	1.67%	1.82%	1.93%
Common Equity to Total Capital	26.17%	26.12%	26.66%	26.71%	24.72%	24.15%	24.41%	24.37%	21.57%	23.41%	25.12%
Debt to EBITDA	0.00	18.60	11.27	8.22	8.45	8.27	7.94	8.27	9.59	8.49	8.00
Net Debt to EBITDA	0.00	17.54	10.44	7.63	7.47	7.51	7.40	8.02	8.78	8.02	7.43
Long-Term Debt to EBITDA	0.00	18.60	11.27	8.22	8.45	8.27	7.94	8.27	9.59	8.49	8.00
Debt to NOPAT	0.00	11.14	9.29	7.45	7.52	7.55	7.46	7.44	9.08	8.20	7.72
Net Debt to NOPAT	0.00	10.50	8.61	6.92	6.65	6.85	6.95	7.21	8.31	7.74	7.17
Long-Term Debt to NOPAT	0.00	11.14	9.29	7.45	7.52	7.55	7.46	7.44	9.08	8.20	7.72
Altman Z-Score	0.00	0.18	0.21	0.25	0.28	0.29	0.28	0.21	0.28	0.25	0.26
Noncontrolling Interest Sharing Ratio	0.00%	41.39%	22.00%	21.92%	21.97%	22.23%	22.21%	22.62%	22.24%	22.26%	22.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.66	3.09	16.53	5.09	8.20	12.63	4.28	4.64	14.18	7.86	8.37
Quick Ratio	5.53	2.69	14.84	4.62	7.75	11.75	3.84	3.57	13.12	6.76	7.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,612	0.00	-4,567	11	-111	-95	-320	-253	-432	21	497
Operating Cash Flow to CapEx	0.00%	3,300.15%	0.00%	6,999.69%	0.00%	23,399.58%	0.00%	0.00%	216,528.89%	-19,745.16%	16,464.31%
Free Cash Flow to Firm to Interest Expense	-99.92	0.00	-68.88	0.15	-1.37	-1.16	-3.93	-2.92	-4.81	0.26	7.04
Operating Cash Flow to Interest Expense	3.35	0.34	0.50	0.60	0.78	0.69	0.16	0.02	1.08	-0.68	1.65
Operating Cash Flow Less CapEx to Interest Expense	3.35	0.33	0.50	0.59	2.26	0.69	0.16	0.02	1.08	-0.69	1.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.05	0.05	0.06	0.07	0.09	0.10	0.09	0.09	0.09	0.09
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,690	4,862	4,681	4,729	4,927	5,073	5,112	5,066	5,476	5,161	4,703
Invested Capital Turnover	0.00	0.08	0.11	0.08	0.09	0.11	0.12	0.11	0.11	0.11	0.11
Increase / (Decrease) in Invested Capital	4,690	0.00	4,681	125	237	211	432	337	549	89	-409
Enterprise Value (EV)	4,121	4,355	4,236	4,413	4,544	4,733	4,842	4,837	5,287	4,919	4,509
Market Capitalization	746	855	866	1,047	978	992	1,066	1,032	1,069	1,026	1,047
Book Value per Share	$15.70	$15.81	$15.82	$15.94	$15.91	$15.84	$15.85	$15.39	$15.37	$15.32	$15.09
Tangible Book Value per Share	$15.15	$15.15	$15.10	$15.13	$15.38	$15.32	$15.34	$14.89	$14.87	$14.83	$14.62
Total Capital	5,027	4,994	4,918	4,909	5,292	5,385	5,324	5,172	5,830	5,356	4,940
Total Debt	3,350	3,321	3,237	3,220	3,606	3,709	3,649	3,538	4,216	3,747	3,345
Total Long-Term Debt	3,350	3,321	3,237	3,220	3,606	3,709	3,649	3,538	4,216	3,747	3,345
Net Debt	3,014	3,130	3,000	2,987	3,188	3,365	3,401	3,433	3,862	3,536	3,107
Capital Expenditures (CapEx)	0.00	0.66	0.00	0.65	-120	0.24	0.00	0.00	0.05	0.28	0.71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-38	-51	3.84	-33	-36	-9.51	-43	-9.24	-6.08	-9.76	-11
Debt-free Net Working Capital (DFNWC)	298	140	241	199	382	334	205	96	348	187	214
Net Working Capital (NWC)	298	140	241	199	382	334	205	96	348	187	214
Net Nonoperating Expense (NNE)	43	78	69	96	95	86	76	88	87	79	64
Net Nonoperating Obligations (NNO)	3,014	3,189	3,000	3,040	3,241	3,397	3,437	3,433	3,862	3,552	3,108
Total Depreciation and Amortization (D&A)	-5.74	-0.64	-0.68	1.89	1.12	0.80	2.07	2.31	2.65	2.01	2.10
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-13.86%	1.46%	-8.58%	-8.35%	-1.67%	-7.47%	-1.68%	-1.11%	-1.78%	-1.98%
Debt-free Net Working Capital to Revenue	0.00%	38.00%	91.64%	52.08%	89.65%	58.68%	35.99%	17.57%	63.42%	34.09%	39.96%
Net Working Capital to Revenue	0.00%	38.00%	91.64%	52.08%	89.65%	58.68%	35.99%	17.57%	63.42%	34.09%	39.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.34	$47,823,000.70	$37,082,000.44	$32,854,000.39	$25,019,000.30	$23,267,000.29	$29,172,000.35	($0.11)	$24,865,000.30	$14,848,000.28	$17,310,000.20
Adjusted Weighted Average Basic Shares Outstanding	83.67M	71.63M	82.77M	82.25M	82.21M	82.31M	81.99M	81.82M	81.79M	81.85M	82.05M
Adjusted Diluted Earnings per Share	$0.34	$47,823,000.70	$37,082,000.44	$32,854,000.39	$25,019,000.30	($94,954,999.71)	$29,172,000.35	($0.11)	$24,865,000.30	($54,036,999.72)	$17,310,000.20
Adjusted Weighted Average Diluted Shares Outstanding	83.67M	71.63M	82.77M	82.25M	82.21M	82.31M	81.99M	81.82M	81.79M	81.85M	82.05M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	82.48M	82.89M	82.28M	82.21M	82.07M	82.12M	81.87M	81.83M	81.84M	82.21M	82.21M
Normalized Net Operating Profit after Tax (NOPAT)	79	72	78	136	83	81	112	84	117	110	88
Normalized NOPAT Margin	81.52%	46.81%	58.54%	85.57%	59.40%	59.40%	82.99%	61.09%	83.99%	80.43%	73.10%
Pre Tax Income Margin	36.99%	17.25%	32.26%	24.92%	20.80%	21.83%	27.10%	-2.82%	21.77%	22.25%	20.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.77	1.41	1.65	1.53	1.36	1.37	1.45	0.96	1.34	1.38	1.35
NOPAT to Interest Expense	1.70	1.63	1.71	1.81	1.56	1.43	1.38	0.97	1.30	1.36	1.25
EBIT Less CapEx to Interest Expense	1.77	1.40	1.65	1.52	2.84	1.36	1.45	0.96	1.34	1.37	1.34
NOPAT Less CapEx to Interest Expense	1.70	1.62	1.71	1.80	3.04	1.43	1.38	0.97	1.30	1.36	1.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	986.00%	181.51%	99.39%	102.61%	101.26%	107.07%	158.45%	176.72%	174.34%	202.63%
Augmented Payout Ratio	0.00%	1,102.63%	206.64%	117.21%	113.19%	110.10%	115.11%	167.28%	185.62%	179.61%	206.35%

Frequently Asked Questions About Franklin BSP Realty Trust's Financials

When does Franklin BSP Realty Trust's financial year end?

According to the most recent income statement we have on file, Franklin BSP Realty Trust's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Franklin BSP Realty Trust's net income changed over the last 10 years?

Franklin BSP Realty Trust's net income appears to be on an upward trend, with a most recent value of $92.40 million in 2024, rising from $5.42 million in 2014. The previous period was $144.51 million in 2023. Check out Franklin BSP Realty Trust's forecast to explore projected trends and price targets.

What is Franklin BSP Realty Trust's operating income?

Franklin BSP Realty Trust's total operating income in 2024 was $462.48 million, based on the following breakdown:

Total Gross Profit: $548.93 million
Total Operating Expenses: $86.44 million

How has Franklin BSP Realty Trust revenue changed over the last 10 years?

Over the last 10 years, Franklin BSP Realty Trust's total revenue changed from $15.47 million in 2014 to $548.93 million in 2024, a change of 3,449.2%.

How much debt does Franklin BSP Realty Trust have?

Franklin BSP Realty Trust's total liabilities were at $4.39 billion at the end of 2024, a 2.6% increase from 2023, and a 2,291.0% increase since 2014.

How much cash does Franklin BSP Realty Trust have?

In the past 10 years, Franklin BSP Realty Trust's cash and equivalents has ranged from $386 thousand in 2014 to $337.60 million in 2023, and is currently $184.44 million as of their latest financial filing in 2024.

How has Franklin BSP Realty Trust's book value per share changed over the last 10 years?

Over the last 10 years, Franklin BSP Realty Trust's book value per share changed from 141.57 in 2014 to 15.32 in 2024, a change of -89.2%.

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This page (NYSE:FBRT) was last updated on 5/4/2025 by MarketBeat.com Staff

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Franklin BSP Realty Trust (FBRT) Financials

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Franklin BSP Realty Trust (FBRT) Financials

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