Short answer
Franklin BSP Realty Trust, Inc. (FBRT) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $95M (up 90.3% year over year) with net income of $17M.
Q3 2025 key financials · XBRL
- Revenue
- $95M
- +90.3% YoY · +91.7% QoQ
- Net income
- $17M
- −45.2% YoY · −25.4% QoQ
- EPS (diluted)
- $0.11
- −62.1% YoY · −45.0% QoQ
Source: XBRL data from the Franklin BSP Realty Trust, Inc. (FBRT) Q3 2025 10-Q on SEC EDGAR. USD.
Franklin BSP Realty Trust, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue and YoY change not provided in supplied MD&A excerpt
- Profitability margins and quarterly net income not provided in supplied MD&A excerpt
- Agency Business added through NewPoint acquisition; servicing portfolio $47.3B as of September 30, 2025
- Commercial mortgage portfolio carrying value $4,368.8M vs $4,908.7M December 31, 2024
- Book value per share $14.51 vs $15.09, driven by excess dividends and NewPoint acquisition dilution
Risk Factors
- New risks triggered by July 1, 2025 NewPoint acquisition, including agency-mortgage and GSE exposures
- Agency loan risk-sharing requirements, with associated loan losses potentially materially affecting results
- GSE liquidity requirements, with noncompliance threatening agency-business operations
- GSE relationship changes, including pricing, servicing fees, and arrangements, potentially reducing agency-business economics
- Agency business operated through taxable REIT subsidiaries, creating corporate income-tax exposure
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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