10-Q quarterly report · filed Jul 29, 2026

Franklin BSP Realty Trust, Inc. (FBRT) Q2 2026 10-Q Quarterly Report

Short answer

Franklin BSP Realty Trust, Inc. (FBRT) filed its Q2 2026 10-Q quarterly report on Jul 29, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $65M (up 32.5% year over year) with net income of $16M.

Q2 2026 key financials · XBRL

Revenue
$65M
+32.5% YoY · −12.2% QoQ
Net income
$16M
−32.9% YoY · +30.0% QoQ
EPS (diluted)
$0.12
−40.0% YoY · +71.4% QoQ

Source: XBRL data from the Franklin BSP Realty Trust, Inc. (FBRT) Q2 2026 10-Q on SEC EDGAR. USD.

Franklin BSP Realty Trust, Inc. Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Commercial mortgage portfolio $4.275B vs $4.383B at December 31, 2025
  • Agency servicing portfolio $59.8B across 1,948 loans vs $47.8B across 1,596 loans
  • Non-performing loans $344.2M across nine loans vs $214.0M across seven loans
  • Headwinds: sustained high interest rates, credit-market conditions, refinancing risk, and real-estate impairment risk

Risk Factors

  • No material changes to risk factors; risks remain those disclosed in the December 31, 2025 Form 10-K
  • Share-repurchase liquidity allocation; $50.0 million authorization through December 31, 2026
  • Capital-markets compliance exposure; repurchases subject to securities laws and Rule 10b5-1 requirements
  • Market-risk sensitivity; repurchases depend on economic conditions and stock price
  • Liquidity concentration; $33,999,369 remained available after 1,839 shares repurchased

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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