Franklin BSP Realty Trust Q4 profit falls; quarterly dividend cut to $0.20
Franklin BSP Realty Trust reported fourth quarter and full year 2025 results with lower GAAP net income and Distributable Earnings than in 2024. The board reset the quarterly common dividend to $0.20 from the $0.355 declared for the fourth quarter, which CEO Michael Comparato said reflects over-distribution of capital tied to slow resolution of legacy 2021 and 2022 assets.
Key points
- Q4 2025 GAAP net income was $18.4 million, or $0.13 diluted EPS, versus $30.2 million, or $0.29, in Q4 2024
- Full year 2025 GAAP net income was $84.1 million, or $0.64 diluted EPS, versus $92.4 million, or $0.82, in 2024
- Q4 2025 Distributable Earnings were $17.9 million, or $0.12 per diluted share, versus $31.2 million, or $0.30, a year earlier
- Book value was $14.15 per diluted common share; first quarter 2026 common dividend declared at $0.20, payable on or about April 10, 2026
The filing
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 February 11, 2026.
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.