Franklin BSP Realty Trust (FBRT) Financials

$10.86 +0.06 (+0.51%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$11.24 +0.38 (+3.49%)

As of 05/23/2025 04:47 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	96	145	-27	-7.89	95	67	49	34	30	25	5.42
Consolidated Net Income / (Loss)	92	145	14	26	55	84	53	34	30	25	5.42
Net Income / (Loss) Continuing Operations	92	145	14	26	55	84	108	43	30	25	5.42
Total Pre-Tax Income	94	142	14	29	53	88	108	43	30	25	5.62
Total Operating Income	462	482	290	79	135	146	170	69	55	38	8.28
Total Gross Profit	549	570	367	222	184	198	235	90	77	59	15
Total Revenue	549	570	367	165	184	198	235	90	77	59	15
Operating Revenue	549	570	367	222	184	198	235	90	77	59	15
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	86	88	78	143	49	52	65	20	22	22	7.19
Selling, General & Admin Expense	46	41	42	23	27	32	27	16	7.80	5.70	2.20
Depreciation Expense	5.63	7.13	5.41	2.11	2.23	0.51	0.00	0.00	-	-	-
Other Operating Expenses / (Income)	34	39	29	28	19	19	37	-	15	16	4.99
Restructuring Charge	1.00	1.24	1.36	1.20	0.70	0.90	0.45	4.20	-	-	-
Total Other Income / (Expense), net	-369	-340	-276	6.80	-82	-58	-62	-26	-25	-13	-2.65
Interest Expense	338	303	166	61	63	90	70	32	24	13	2.20
Other Income / (Expense), net	-30	-37	-110	11	-19	33	8.02	6.32	-0.25	0.00	-0.46
Income Tax Expense	1.12	-2.76	-0.40	3.60	-2.06	4.48	0.08	0.23	0.00	0.00	0.21
Preferred Stock Dividends Declared	27	27	42	34	-	-	-	-	0.00	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.48	-0.71	-0.22	0.00	0.00	-	-	-	-	-	-
Basic Earnings per Share	$68,885,000.82	$118,222,001.42	($0.38)	($7,885,000.18)	$0.90	$1.60	$1.44	$1.06	$0.95	$1.03	$0.75
Weighted Average Basic Shares Outstanding	81.85M	82.31M	71.63M	43.42M	44.38M	41.86M	34.27M	31.77M	27.90M	23.94M	7.23M
Diluted Earnings per Share	$0.82	$1.42	($0.38)	($7,885,000.18)	$0.90	$1.60	$1.44	$1.06	$0.95	$1.03	$0.75
Weighted Average Diluted Shares Outstanding	81.85M	82.31M	71.63M	43.43M	44.40M	41.87M	36.78M	31.78M	31.67M	24.26M	7.23M
Basic & Diluted Earnings per Share	$68,885,000.00	$118,222,000.00	-	-	-	-	-	-	-	-	-
Weighted Average Basic & Diluted Shares Outstanding	82.21M	82.12M	82.89M	43.96M	44.14M	44.39M	39.86M	31.53M	31.61M	31.56M	18.57M
Cash Dividends to Common per Share	$1.42	$1.42	$1.42	$1.26	$1.30	$1.44	$1.44	$1.80	$2.06	$2.06	$2.06

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	24	37	32	-8.92	36	30	32	40	44	21	28
Consolidated Net Income / (Loss)	24	30	30	-3.77	36	30	31	40	44	27	35
Net Income / (Loss) Continuing Operations	24	30	30	-3.77	36	30	31	40	44	27	35
Total Pre-Tax Income	24	30	30	-3.88	37	30	29	40	43	27	36
Total Operating Income	90	110	118	120	115	115	119	136	112	102	79
Total Gross Profit	121	136	140	138	135	136	140	159	134	121	96
Total Revenue	121	136	140	138	135	136	140	159	134	154	96
Operating Revenue	121	136	140	138	135	136	140	159	134	121	96
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	30	26	22	18	21	21	22	23	22	18	17
Selling, General & Admin Expense	20	16	13	7.77	9.31	8.77	11	10	11	9.53	8.50
Depreciation Expense	1.38	1.41	1.39	1.42	1.42	1.61	1.51	2.20	1.81	1.52	1.30
Other Operating Expenses / (Income)	8.80	9.09	7.04	8.34	9.66	10	9.16	10	9.11	7.05	7.10
Restructuring Charge	0.30	0.31	0.26	0.20	0.24	0.26	0.32	0.28	0.38	0.36	0.36
Total Other Income / (Expense), net	-66	-80	-87	-124	-78	-85	-90	-97	-68	-109	-44
Interest Expense	71	81	90	87	81	81	81	75	66	64	46
Other Income / (Expense), net	4.59	0.73	2.49	-37	3.34	-4.22	-8.79	-22	-2.06	-12	2.65
Income Tax Expense	0.65	0.19	0.21	-0.12	0.84	-0.35	-1.80	0.05	-0.66	-0.68	0.42
Preferred Stock Dividends Declared	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.88	6.90
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.35	-0.35	-1.44	-1.59	-0.09	0.02	-0.77	0.04	0.01	-0.22	0.00
Basic Earnings per Share	$17,310,000.20	$14,848,000.28	$24,865,000.30	($0.11)	$29,172,000.35	$23,267,000.29	$25,019,000.30	$32,854,000.39	$37,082,000.44	$47,823,000.70	$28,359,000.34
Weighted Average Basic Shares Outstanding	82.05M	81.85M	81.79M	81.82M	81.99M	82.31M	82.21M	82.25M	82.77M	71.63M	83.67M
Diluted Earnings per Share	$17,310,000.20	($54,036,999.72)	$24,865,000.30	($0.11)	$29,172,000.35	($94,954,999.71)	$25,019,000.30	$32,854,000.39	$37,082,000.44	$47,823,000.70	$28,359,000.34
Weighted Average Diluted Shares Outstanding	82.05M	81.85M	81.79M	81.82M	81.99M	82.31M	82.21M	82.25M	82.77M	71.63M	83.67M
Weighted Average Basic & Diluted Shares Outstanding	82.21M	82.21M	81.84M	81.83M	81.87M	82.12M	82.07M	82.21M	82.28M	82.89M	82.48M
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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-147	153	22	76	-17	-95	113	-31	103	14	0.21
Net Cash From Operating Activities	57	197	153	146	115	45	7.10	8.35	35	25	2.69
Net Cash From Continuing Operating Activities	57	197	152	146	-197	45	7.10	8.35	34	25	2.69
Net Income / (Loss) Continuing Operations	92	145	14	26	55	84	53	34	30	25	5.42
Consolidated Net Income / (Loss)	92	145	14	26	55	84	53	34	30	25	5.42
Depreciation Expense	5.63	8.41	5.33	2.11	2.23	0.00	0.00	-	-	-	-
Amortization Expense	3.41	-5.29	-6.31	-2.47	3.59	3.44	8.11	2.10	0.18	1.26	0.08
Non-Cash Adjustments To Reconcile Net Income	-47	48	132	41	-254	-47	-45	-26	3.00	-0.72	0.32
Changes in Operating Assets and Liabilities, net	2.64	1.51	6.86	80	-3.07	5.14	-8.92	-1.29	1.06	-0.04	-3.13
Net Cash From Investing Activities	-155	381	3,097	1,069	241	-969	-856	-333	139	-750	-472
Net Cash From Continuing Investing Activities	-155	381	3,097	1,069	241	-969	-856	-333	139	-750	-472
Purchase of Property, Plant & Equipment	-0.32	-1.15	-0.66	-134	-2.82	-42	0.00	0.00	-	-	-
Purchase of Investments	-1,852	-1,160	-2,448	-2,882	-1,431	-1,694	-1,639	-838	-54	-879	-46
Sale and/or Maturity of Investments	122	437	3,731	2,061	346	11	12	50	81	3.01	0.07
Other Investing Activities, net	1,575	1,105	1,816	2,024	1,305	756	771	333	67	126	-426
Net Cash From Financing Activities	-49	-425	-3,227	-1,139	-373	829	961	293	-72	739	469
Net Cash From Continuing Financing Activities	-49	-425	-3,227	-1,139	-373	829	961	293	-72	739	469
Repayment of Debt	-858	-1,348	-1,067	-296	-159	-255	-433	-1,010	37	-378	135
Repurchase of Preferred Equity	63	-266	-3,739	-2,429	-208	350	5.51	-28	-51	91	26
Repurchase of Common Equity	-4.87	-13	-17	-11	-10	-14	-16	-21	-18	-48	-36
Payment of Dividends	-161	-146	-140	-88	-50	-61	-37	-39	-40	-27	-7.59
Issuance of Debt	914	1,349	1,669	1,651	43	669	1,171	1,390	0.00	716	5.55
Issuance of Common Equity	0.06	0.00	0.13	0.00	11	76	124	0.00	0.00	385	346
Other Financing Activities, net	-1.51	-0.81	65	20	0.00	0.00	-	-	-	-	-
Cash Interest Paid	325	295	144	51	60	79	53	27	19	8.89	1.50
Cash Income Taxes Paid	1.04	0.33	1.20	0.14	4.40	0.00	0.36	0.00	0.00	0.16	0.05

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

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

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

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

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

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

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

Frequently Asked Questions About Franklin BSP Realty Trust's Financials

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

According to the most recent income statement we have on file, Franklin BSP Realty Trust's financial year ends in December. Their financial 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. Find out what analysts predict for Franklin BSP Realty Trust in the coming months.

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 5/25/2025 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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