Franklin BSP Realty Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	430.28	526.08	552.51	357.71	216.89
Service and Other Revenue	115.8	35.97	20.94	9.3	28.97
Revenue	270.07	223.37	268.73	206.83	165.46
Revenue Growth (YoY)	20.91%	-16.88%	29.92%	25.01%	40.68%
Property Expenses	288.33	338.47	305.58	160.53	56.19
Total Property Expenses	288.33	338.47	305.58	160.53	56.19
Gross Profit	-18.26	-115.1	-36.85	46.31	109.26
Selling, General & Admin	167.66	72.64	75.93	69.58	52.57
Depreciation & Amortization Expenses	9.59	5.63	7.13	5.41	2.11
Other Operating Expenses	20.97	-27.53	-28.98	-33.6	93.47
Operating Income	-216.48	-165.85	-90.94	4.91	-38.89
Net Gains on Disposal of Properties	0.11	0.28	0.08	2.36	0.03
Interest Income	3.58	-	-	-	-
Other Non-Operating Income (Expense)	-10.99	-8.19	-4.64	-81.4	-22.63
Total Non-Operating Income (Expense)	4.27	-43.4	-39.15	-115.51	6.8
Pretax Income	87.97	93.52	141.75	13.82	29.3
Provision for Income Taxes	-3.88	-1.12	2.76	0.4	-3.6
Net Income	55.28	68.89	118.22	-27.31	-7.89
Minority Interest in Earnings	-1.81	3.48	0.71	0.22	-
Net Income Attributable to Preferred Dividends	26.99	26.99	26.99	41.74	33.59
Net Income to Common	55.28	68.89	118.22	-27.31	-7.89
Net Income Growth	-19.75%	-41.73%	-	-	-
Shares Outstanding (Basic)	82	82	82	72	44
Shares Outstanding (Diluted)	86	82	82	72	44
Shares Change (YoY)	5.31%	-0.56%	14.53%	64.06%	-1.01%
EPS (Basic)	0.65	0.82	1.42	-0.38	-0.18
EPS (Diluted)	0.64	0.82	1.42	-0.38	-0.18
EPS Growth	-21.95%	-42.25%	-	-	-
Free Cash Flow	290.35	56.91	196.24	151.85	12.45
Free Cash Flow Growth	410.21%	-71.00%	29.23%	1120.18%	-88.94%
Free Cash Flow Per Share	3.37	0.70	2.38	-	-
Dividends Per Share	1.420	1.420	1.420	1.420	0.285
Dividend Growth	-	-	-	398.25%	-75.93%
Gross Margin	-6.76%	-51.53%	-13.71%	22.39%	66.04%
Operating Margin	-80.16%	-74.25%	-33.84%	2.38%	-23.50%
Profit Margin	31.13%	41.37%	53.78%	6.87%	15.53%
FCF Margin	107.51%	25.48%	73.02%	73.42%	7.52%
EBITDA	-206.88	-160.22	-82.52	10.24	-36.78
EBITDA Margin	-76.60%	-71.73%	-30.71%	4.95%	-22.23%
EBIT	-216.48	-165.85	-90.94	4.91	-38.89
EBIT Margin	-80.16%	-74.25%	-33.84%	2.38%	-23.50%
Effective Tax Rate	-4.42%	-1.20%	1.94%	2.89%	-12.28%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q