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

Franklin BSP Realty Trust posts Q3 GAAP net loss of $27.0 million, $(0.41) per share

Negative Impact 3 of 5 earnings

Franklin BSP Realty Trust reported a third-quarter 2026 GAAP net loss of $27.0 million, compared with net income of $17.6 million a year earlier. Distributable Earnings fell to $3.3 million from $26.7 million, and total income declined to $74.9 million from $89.5 million. Book value rose $0.02 to $14.26 per share, and the company declared a $0.20 common dividend.

Key points

  • GAAP net loss of $27.0 million, or $(0.41) per diluted share, versus net income of $17.6 million, or $0.12 per diluted share, in Q3 2025
  • Distributable Earnings of $3.3 million, or $(0.02) per diluted share on a fully converted basis, versus $26.7 million a year earlier
  • Net provision for credit losses of $43.1 million; book value of $14.26 per diluted share, up $0.02 from the prior quarter
  • Repurchased 7,433,748 shares for $60.5 million at an average price of $8.14; board extended the program to December 31, 2027

The filing

CompanyFranklin BSP Realty Trust (FBRT)
Form8-K, current report
Filed with the SECOct 28, 2026, 4:28 PM ET
Accession number0001562528-26-000035

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.