Franklin BSP Realty Trust (FBRT) financial statements
Franklin BSP Realty Trust reported revenue of $270M in fiscal 2025, up 19.0% a year over 9 years.
Net income was $82M.
Free cash flow was $292M, and the company returned $146M in dividends and $14M in net buybacks.
The diluted share count rose 172% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Franklin BSP Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $56M | $57M | $82M | $3M | $4M | $5M | $10M | $17M | $5M | $270M |
| Selling, general and admin | — | $7M | $13M | $16M | $13M | $8M | $13M | $14M | $10M | $13M |
| Interest expense | $23M | $32M | $70M | $90M | $67M | $56M | $161M | $306M | — | — |
| Pre-tax income | -$4M | $6M | $8M | $33M | -$16M | $11M | — | — | — | — |
| Income tax | $0 | $225,000 | $79,000 | $4M | -$2M | $4M | -$399,000 | -$3M | $1M | $4M |
| Net income | $30M | $34M | $53M | $84M | $55M | $26M | $14M | $145M | $96M | $82M |
| EPS (diluted) | $0.95 | $1.06 | $1.44 | $1.60 | $0.90 | -$0.18 | -$0.38 | $1.42 | $0.82 | $0.64 |
| Diluted shares | 32M | 32M | 37M | 42M | 44M | 43M | 72M | 82M | 82M | 86M |
| Net margin | 53.3% | 59.0% | 64.2% | 2648.3% | 1273.5% | 540.1% | 149.5% | 853.2% | 2034.8% | 30.5% |
Balance sheet
Fiscal years, from Franklin BSP Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $118M | $84M | $191M | $87M | $82M | $155M | $179M | $338M | $184M | $167M |
| Goodwill | — | — | — | — | — | — | — | — | $0 | $92M |
| Total assets | $1.2B | $1.6B | $2.6B | $3.5B | $3.2B | $9.5B | $6.2B | $6.0B | $6.0B | $6.1B |
| Total liabilities | $614M | $973M | $1.7B | $2.5B | $2.2B | $7.7B | $4.5B | $4.3B | $4.4B | $4.4B |
| Shareholders' equity | $634M | $610M | $733M | $817M | $798M | $1.7B | $1.6B | $1.6B | $1.5B | $1.4B |
| Net debt | -$118M | -$84M | -$191M | -$87M | -$82M | -$155M | -$179M | -$338M | -$184M | -$167M |
Cash flow
Fiscal years, from Franklin BSP Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $35M | $8M | $7M | $45M | $115M | $146M | $153M | $197M | $57M | $292M |
| Capital spending | — | — | — | — | — | — | — | $0 | $0 | $360,000 |
| Free cash flow | — | — | — | — | — | — | — | $197M | $57M | $292M |
| Stock-based compensation | $44,000 | $97,000 | $157,000 | $156,000 | $193,000 | $211,000 | $3M | $5M | $8M | $9M |
| Dividends paid | $40M | $39M | $37M | $61M | $50M | $68M | $139M | $144M | $145M | $146M |
| Share buybacks (net) | -$19M | -$21M | -$15M | -$14M | -$10M | -$11M | -$17M | -$13M | -$5M | -$14M |
| Free cash flow margin | — | — | — | — | — | — | — | 1159.7% | 1214.6% | 108.0% |
| Dividends per share | $1.27 | $1.22 | $1.00 | $1.45 | $1.12 | $1.56 | $1.95 | $1.75 | $1.77 | $1.69 |
Questions
What was Franklin BSP Realty Trust's revenue in 2025?
$270M in fiscal 2025, from its 10-K filing.
How much free cash flow does Franklin BSP Realty Trust generate?
$292M in fiscal 2025 (operating cash flow minus capital spending).
From Franklin BSP Realty Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.