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

Franklin BSP Realty Trust Q2 GAAP net income falls to $16.3 million, $0.12 per share

Mixed Impact 3 of 5 earnings Written later

Franklin BSP Realty Trust reported second quarter 2026 results for the period ended June 30, 2026. GAAP net income was $16.3 million, or $0.12 per diluted share, down from $24.4 million, or $0.19 per diluted share, a year earlier, while total income rose to $65.3 million from $49.3 million. Book value per fully converted share rose to $14.24, and the company repurchased $16.0 million of common stock.

Key points

  • GAAP net income of $16.3 million, or $0.12 per diluted share, versus $24.4 million, or $0.19, in Q2 2025
  • Distributable Earnings of $28.3 million, or $0.25 per fully converted share, versus $29.0 million, or $0.27, in Q2 2025
  • Book value of $14.24 per fully converted share, up $0.06 from the prior quarter; repurchased 1,838,855 shares for $16.0 million
  • Board reauthorized a $50.0 million share repurchase program through December 31, 2026, and declared a $0.20 quarterly common dividend

The filing

CompanyFranklin BSP Realty Trust (FBRT)
Form8-K, current report
Filed with the SECJul 29, 2026, 5:00 PM ET
Accession number0001562528-26-000025

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 July 29, 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.