Franklin BSP Realty Trust, Inc.FBRTEarnings & Financial Report
Franklin BSP Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on originating, investing in, and managing a diversified portfolio of commercial real estate debt assets, including first mortgage loans, mezzanine financing and other credit-related real estate products. It operates primarily in the U.S. market, targeting consistent risk-adjusted returns and stable income distributions for investors.
FBRT Q4 FY2025 Key Financial Metrics
Revenue
$81.1M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$18.4M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
22.7%
YoY Growth
25.8%
EPS
$0.13
Franklin BSP Realty Trust, Inc. Q4 FY2025 Financial Summary
Franklin BSP Realty Trust, Inc. reported revenue of $81.1M (up 25.8% YoY) for Q4 FY2025, with a net profit of $18.4M (down 39.1% YoY) (22.7% margin).
Key Financial Metrics
| Total Revenue | $81.1M |
|---|---|
| Net Profit | $18.4M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Franklin BSP Realty Trust, Inc. Q4 FY2025 revenue of $81.1M breaks down across 3 segments, led by New Point Holdings JVLLC at $77.3M (95.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| New Point Holdings JVLLC | $77.3M | 95.3% |
| Other | $2.1M | 2.6% |
| Office Building | $1.7M | 2.1% |
Franklin BSP Realty Trust, Inc. Revenue by Segment — Quarterly Trend
Franklin BSP Realty Trust, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as New Point Holdings JVLLC and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| New Point Holdings JVLLC | $77.3M | $48.9M | — | — |
| Other | $2.1M | $9.1M | — | — |
| Office Building | $1.7M | — | — | — |
Franklin BSP Realty Trust, Inc. Annual Revenue by Year
Franklin BSP Realty Trust, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $270.1M).
Franklin BSP Realty Trust, Inc. Quarterly Revenue & Net Profit History
Franklin BSP Realty Trust, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $81.1M | +25.8% | $18.4M | 22.7% |
| Q3 FY2025 | $89.5M | +65.7% | $17.3M | 19.3% |
| Q2 FY2025 | $49.3M | -3.1% | $23.2M | 47.1% |
| Q1 FY2025 | $50.1M | -7.1% | $24.1M | 48.0% |
| Q4 FY2024 | $64.5M | +8.3% | $30.2M | 46.8% |
| Q3 FY2024 | $54.0M | -13.4% | $31.6M | 58.5% |
| Q2 FY2024 | $50.9M | -39.4% | $-2.2M | -4.3% |
| Q1 FY2024 | $54.0M | -14.1% | $35.9M | 66.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54.0M | $50.9M | $54.0M | $64.5M | $50.1M | $49.3M | $89.5M | $81.1M |
| YoY Growth | -14.1% | -39.4% | -13.4% | 8.3% | -7.1% | -3.1% | 65.7% | 25.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.03B | $6.27B | $6.33B | $6.00B | $5.65B | $5.63B | $6.22B | $6.06B |
| Liabilities | $4.35B | $4.64B | $4.72B | $4.39B | $4.06B | $4.04B | $4.56B | $4.44B |
| Equity | $1.56B | $1.52B | $1.52B | $1.51B | $1.50B | $1.49B | $1.47B | $1.44B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $13.0M | $1.9M | $97.4M | $57.2M | $116.2M | $11.8M | $-148.1M | $291.9M |