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AI brief of an SEC Form 8-K · Franklin BSP Realty Trust (FBRT)

Franklin BSP Realty Trust Q3 EPS $0.12 vs $0.19 prior quarter, distributable earnings $26.7 million

Mixed Impact 3 of 5 earnings Written later

Franklin BSP Realty Trust reported third-quarter 2025 GAAP net income of $17.6 million, or $0.12 per diluted share, down from $24.4 million, or $0.19, in the prior quarter. Distributable Earnings were $26.7 million, or $0.22 per diluted share on a fully converted basis, compared with $29.0 million, or $0.27, in the second quarter, while book value fell to $14.29 from $14.82 per share. Total income rose to $89.5 million from $54.0 million a year earlier.

Key points

  • GAAP net income of $17.6 million and diluted EPS of $0.12 for the quarter ended September 30, 2025, versus $0.30 a year earlier
  • Distributable Earnings of $26.7 million, or $0.22 per diluted share, versus $29.0 million, or $0.27, in the quarter ended June 30, 2025
  • Declared a common stock cash dividend of $0.355 per share; book value of $14.29 per diluted share at September 30, 2025
  • Completed the $425 million acquisition of NewPoint Holdings JV LLC on July 1, 2025, and closed an approximately $1.1 billion securitization on October 15, 2025

The filing

CompanyFranklin BSP Realty Trust (FBRT)
Form8-K, current report
Filed with the SECOct 29, 2025, 5:03 PM ET
Accession number0001562528-25-000037

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.