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    FBRT

    Franklin BSP Realty Trust, Inc.

    Company overview

    Market capitalization
    $557.23M
    Employees
    243
    Latest publication
    2026-09-29
    About Franklin BSP Realty Trust, Inc.

    Franklin BSP Realty Trust, Inc., a real estate finance company, originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure in the United States and internationally. The company operates through Real Estate Debt Business; Agency Business; Commercial Real Estate Conduit Business; and Real Estate Owned Business segments. The Real Estate Debt Business focuses on originating, acquiring, and asset managing commercial real estate debt investments, including first mortgages, subordinate mortgages, mezzanine loans, and participations in such loans and focuses on investing in and asset managing real estate securities. The Agency Business focuses on originating, selling, and servicing loans under programs offered by government-sponsored enterprises and agencies. The Commercial Real Estate Conduit Business is focused on generating risk-adjusted returns by originating and selling fixed-rate commercial real estate loans. The Real Estate Owned Business represents real estate acquired by the company through foreclosure, deed-in-lieu of foreclosure, and purchase. It also originates conduit loans. Franklin BSP Realty Trust, Inc. was formerly known as Benefit Street Partners Realty Trust, Inc. and changed its name to Franklin BSP Realty Trust, Inc. in October 2021. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ1 20252025-03-31 · USDQ1 20242024-03-31 · USDQ2 20232023-06-30 · USDQ1 20232023-03-31 · USD
    Total Revenue65,294,000USD133,845,000USD144,966,000USD136,618,000USD124,450,000USD141,167,000USD159,330,000USD133,848,000USD
    General And Administrative Expenses2,028,000USD———————
    Total Operating Expenses53,092,000USD54,907,000USD30,952,000USD58,405,000USD-24,359,000USD11,025,000USD40,140,000USD24,115,000USD
    Total Other Income Expense Net1,178,000USD-52,823,000USD-75,293,000USD12,996,000USD-70,593,000USD6,064,000USD370,000USD4,519,000USD
    Interest Income97,187,000USD———————
    Net Interest Income29,926,000USD———————
    Labor And Related Expense20,969,000USD———————
    Professional Fees7,241,000USD———————
    Depreciation And Amortization1,983,000USD3,420,000USD3,400,000USD3,432,000USD1,380,000USD1,417,000USD2,196,000USD1,805,000USD
    Income Before Tax12,035,000USD13,221,000USD24,647,000USD14,717,000USD24,359,000USD36,662,000USD39,697,000USD43,177,000USD
    Income Tax Expense-2,895,000USD929,000USD6,267,000USD-2,899,000USD654,000USD835,000USD53,000USD-662,000USD
    Equity Method Income Loss1,345,000USD———————
    Net Income16,275,000USD11,980,000USD19,254,000USD17,314,000USD24,058,000USD35,920,000USD39,603,000USD43,830,000USD
    Minority Interest706,000USD-312,000USD-682,000USD-302,000USD353,000USD93,000USD-41,000USD9,000USD
    Cost Of Revenue—12,894,000USD14,074,000USD76,492,000USD9,315,000USD9,282,000USD75,299,000USD71,075,000USD
    Gross Profit—120,951,000USD130,892,000USD60,126,000USD115,135,000USD131,885,000USD84,031,000USD62,773,000USD
    Selling General Administrative—42,900,000USD17,580,000USD55,542,000USD18,725,000USD16,608,000USD16,320,000USD17,950,000USD
    Unclassified Operating Expenses—12,007,000USD13,372,000USD2,863,000USD-43,084,000USD-5,583,000USD23,820,000USD6,165,000USD
    Operating Income—66,044,000USD99,940,000USD1,721,000USD24,359,000USD120,860,000USD-4,485,000USD38,658,000USD
    Interest Expense—65,230,000USD71,029,000USD76,492,000USD70,593,000USD81,318,000USD75,299,000USD71,075,000USD
    Tax Provision—929,000USD6,267,000USD-2,899,000USD654,000USD835,000USD53,000USD-662,000USD
    Net Income From Continuing Ops—12,292,000USD18,380,000USD17,616,000USD23,705,000USD35,827,000USD39,644,000USD43,839,000USD
    Ebit—78,451,000USD95,676,000USD1,721,000USD31,787,000USD120,860,000USD43,891,000USD38,658,000USD
    Ebitda—81,871,000USD99,076,000USD5,153,000USD33,167,000USD122,277,000USD46,087,000USD40,463,000USD
    Reconciled Depreciation—3,420,000USD3,400,000USD3,432,000USD1,380,000USD1,417,000USD1,912,000USD1,642,000USD
    Net Income Applicable To Common Shares——————24,732,000USD37,082,000USD
    Non Operating Income Net Other———————2,703,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USDFY 20172017-12-31 · USDFY 20152015-12-31 · USD
    Total Revenue569,527,000USD367,360,000USD221,649,000USD184,171,000USD198,468,000USD152,288,000USD89,564,000USD59,393,000USD
    Cost Of Revenue305,577,000USD165,708,000USD60,835,000USD70,209,000USD93,220,000USD70,000,000USD32,359,000USD12,268,000USD
    Gross Profit263,950,000USD201,652,000USD160,814,000USD113,962,000USD105,248,000USD82,288,000USD57,205,000USD47,125,000USD
    Research Development0USD0USD0USD0USD0USD0USD0USD—
    Selling General Administrative68,318,000USD64,170,000USD47,418,000USD39,262,000USD44,220,000USD32,063,000USD21,482,000USD12,612,000USD
    Selling And Marketing Expenses33,847,000USD———————
    Unclassified Operating Expenses7,019,000USD41,523,000USD-3,085,000USD15,529,000USD3,514,000USD3,370,000USD——
    Total Operating Expenses109,184,000USD105,693,000USD44,333,000USD54,791,000USD47,734,000USD35,433,000USD20,767,000USD12,930,000USD
    Operating Income154,766,000USD52,310,000USD164,963,000USD59,171,000USD22,850,000USD46,855,000USD36,438,000USD34,195,000USD
    Interest Expense305,577,000USD165,708,000USD60,835,000USD66,556,000USD90,418,000USD70,000,000USD32,359,000USD12,268,000USD
    Income Before Tax141,752,000USD13,816,000USD29,301,000USD52,684,000USD88,407,000USD52,904,000USD34,004,000USD24,933,000USD
    Income Tax Expense-2,757,000USD-399,000USD3,599,000USD-2,062,000USD4,483,000USD79,000USD225,000USD—
    Tax Provision-3,088,000USD-399,000USD3,599,000USD-2,062,000USD4,483,000USD79,000USD225,000USD—
    Net Income145,215,000USD14,431,000USD25,702,000USD54,746,000USD83,924,000USD52,825,000USD33,779,000USD24,933,000USD
    Net Income From Continuing Ops141,651,000USD14,215,000USD7,844,000USD54,746,000USD83,924,000USD52,825,000USD33,779,000USD—
    Ebit154,766,000USD-23,427,000USD125,459,000USD59,171,000USD4,848,000USD4,472,000USD7,867,000USD26,279,000USD
    Ebitda163,178,000USD106,549,000USD167,070,000USD61,404,000USD58,021,000USD46,855,000USD36,438,000USD34,195,000USD
    Depreciation And Amortization8,412,000USD129,976,000USD41,611,000USD2,233,000USD53,173,000USD42,383,000USD28,571,000USD7,916,000USD
    Reconciled Depreciation7,897,000USD5,408,000USD2,107,000USD2,233,000USD507,000USD———
    Total Other Income Expense Net-13,014,000USD-4,366,000USD-149,136,000USD-6,487,000USD38,166,000USD86,984,000USD5,062,000USD-12,268,000USD
    Minority Interest938,000USD216,000USD0USD0USD————
    Non Operating Income Net Other—-110,326,000USD7,886,000USD—————
    Net Income Applicable To Common Shares—-27,310,000USD25,702,000USD39,826,000USD66,914,000USD49,181,000USD33,779,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets6,383,846,000USD6,301,001,000USD6,057,250,000USD6,218,475,000USD5,630,218,000USD5,654,051,000USD6,002,386,000USD6,334,976,000USD
    Cash And Equivalents136,347,000USD———————
    Total Liabilities4,834,613,000USD———————
    Other Current Liabilities11,322,000USD———————
    Other Non Current Liabilities25,022,000USD———————
    Total Stockholder Equity1,372,624,000USD1,391,468,000USD1,441,530,000USD1,472,184,000USD1,488,720,000USD1,499,636,000USD1,512,562,000USD1,516,449,000USD
    Total Equity Including Noncontrolling Interest1,459,485,000USD———————
    Goodwill92,048,000USD———————
    Common Stock750,000USD755,000USD808,000USD822,000USD822,000USD822,000USD818,000USD818,000USD
    Retained Earnings-426,442,000USD-420,743,000USD-411,101,000USD-392,841,000USD-373,710,000USD-360,456,000USD-348,074,000USD-342,355,000USD
    Accumulated Other Comprehensive Income-658,000USD-1,056,000USD-284,000USD62,000USD-296,000USD-318,000USD79,000USD400,000USD
    Intangible Assets—324,904,000USD327,769,000USD326,545,000USD38,394,000USD39,114,000USD39,834,000USD40,554,000USD
    Other Current Assets—20,845,000USD17,889,000USD27,211,000USD8,695,000USD8,736,000USD12,421,000USD7,720,000USD
    Total Liab—4,820,955,000USD4,525,773,000USD4,652,454,000USD4,134,580,000USD4,148,740,000USD4,482,329,000USD4,810,742,000USD
    Other Current Liab—51,113,000USD67,099,000USD72,239,000USD62,788,000USD60,866,000USD64,478,000USD66,053,000USD
    Capital Stock—259,497,000USD259,550,000USD259,564,000USD259,564,000USD259,564,000USD259,560,000USD259,560,000USD
    Good Will—92,048,000USD92,048,000USD90,848,000USD38,394,000USD39,114,000USD0USD—
    Other Assets—5,919,403,000USD5,620,406,000USD5,832,863,000USD5,058,548,000USD4,640,709,000USD—5,700,096,000USD
    Cash—115,600,000USD167,292,000USD116,652,000USD414,085,000USD215,368,000USD184,443,000USD346,153,000USD
    Cash And Short Term Investments—115,600,000USD167,292,000USD116,652,000USD414,085,000USD215,368,000USD184,443,000USD346,153,000USD
    Total Current Assets—5,237,407,000USD5,039,031,000USD5,252,624,000USD5,129,736,000USD5,060,103,000USD5,392,608,000USD5,665,180,000USD
    Total Current Liabilities—283,591,000USD273,362,000USD224,732,000USD205,988,000USD284,597,000USD315,529,000USD387,871,000USD
    Net Debt—4,464,675,000USD4,082,988,000USD4,240,739,000USD3,553,299,000USD3,765,103,000USD4,128,504,000USD4,294,775,000USD
    Short Term Debt—212,168,000USD187,371,000USD131,657,000USD128,890,000USD206,164,000USD236,608,000USD307,805,000USD
    Short Long Term Debt—212,168,000USD187,371,000USD131,657,000USD128,890,000USD206,164,000USD236,608,000USD307,805,000USD
    Short Long Term Debt Total—4,580,275,000USD4,250,280,000USD4,357,391,000USD3,967,384,000USD3,980,471,000USD4,312,947,000USD4,640,928,000USD
    Long Term Debt—4,368,107,000USD4,062,909,000USD4,225,734,000USD3,838,494,000USD3,774,307,000USD4,076,339,000USD4,333,123,000USD
    Long Term Investments—299,296,000USD243,827,000USD170,659,000USD106,737,000USD180,587,000USD216,368,000USD210,656,000USD
    Short Term Investments—21,958,000USD20,483,000USD18,948,000USD83,361,000USD167,192,000USD—210,656,000USD
    Net Receivables—5,100,962,000USD4,853,850,000USD5,108,761,000USD4,706,956,000USD4,835,999,000USD5,195,744,000USD5,311,307,000USD
    Accounts Payable—20,310,000USD18,892,000USD20,836,000USD14,310,000USD17,567,000USD14,443,000USD14,013,000USD
    Common Stock Shares Outstanding—79,926,118shares150,539,000shares90,600,581shares82,181,403shares82,053,686shares81,846,170shares81,788,091shares
    Non Current Assets Total—1,063,594,000USD1,018,219,000USD965,851,000USD500,482,000USD593,948,000USD609,778,000USD669,796,000USD
    Non Current Liabilities Total—4,537,364,000USD4,252,411,000USD4,427,722,000USD3,928,592,000USD3,864,143,000USD4,166,800,000USD4,422,871,000USD
    Non Current Liabilities Other—45,849,000USD49,141,000USD56,594,000USD——11,653,000USD—
    Non Currrent Assets Other—347,346,000USD354,575,000USD377,799,000USD355,351,000USD374,247,000USD353,576,000USD418,586,000USD
    Net Working Capital—4,953,816,000USD4,765,669,000USD5,027,892,000USD4,923,748,000USD4,775,506,000USD5,077,079,000USD5,277,309,000USD
    Unclassified Non Current Assets—-5,919,403,000USD-5,620,406,000USD-5,832,863,000USD-5,096,942,000USD-4,679,823,000USD—-5,700,096,000USD
    Unclassified Current Liabilities—-212,168,000USD-187,371,000USD-131,657,000USD-128,890,000USD-206,164,000USD-236,608,000USD-307,805,000USD
    Unclassified Non Current Liabilities—123,408,000USD140,361,000USD145,394,000USD90,098,000USD89,836,000USD78,808,000USD89,748,000USD
    Unclassified Equity—1,553,015,000USD1,592,557,000USD1,604,577,000USD1,602,340,000USD1,600,024,000USD1,600,179,000USD1,598,026,000USD
    Unclassified Current Assets————-83,361,000USD-167,192,000USD—-798,360,000USD
    Inventory———————587,704,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets6,057,250,000USD6,002,386,000USD5,955,180,000USD6,203,601,000USD9,474,701,000USD3,189,761,000USD3,540,620,000USD2,606,078,000USD
    Intangible Assets327,769,000USD39,834,000USD42,793,000USD54,831,000USD48,472,000USD13,546,000USD14,377,000USD—
    Other Current Assets17,889,000USD12,421,000USD6,092,000USD11,173,000USD70,037,000USD10,070,000USD21,876,000USD4,235,000USD
    Total Liab4,525,773,000USD4,482,329,000USD4,368,971,000USD4,625,213,000USD7,763,300,000USD2,391,317,000USD2,723,815,000USD1,872,850,000USD
    Total Stockholder Equity1,441,530,000USD1,512,562,000USD1,559,114,000USD1,562,980,000USD1,705,637,000USD798,444,000USD816,805,000USD733,228,000USD
    Other Current Liab67,099,000USD64,478,000USD83,129,000USD64,461,000USD50,576,000USD27,323,000USD16,659,000USD12,088,000USD
    Common Stock808,000USD818,000USD820,000USD826,000USD441,000USD446,000USD441,000USD395,000USD
    Capital Stock259,550,000USD259,560,000USD259,562,000USD259,568,000USD969,614,000USD446,000USD441,000USD395,000USD
    Retained Earnings-411,101,000USD-348,074,000USD-298,942,000USD-299,225,000USD-167,179,000USD-106,471,000USD-85,968,000USD-94,266,000USD
    Good Will92,048,000USD0USD——————
    Other Assets5,620,406,000USD4,962,967,000USD122,870,000USD127,772,000USD5,030,130,000USD26,510,000USD35,333,000USD—
    Cash167,292,000USD184,443,000USD337,595,000USD179,314,000USD154,929,000USD82,071,000USD87,246,000USD191,390,000USD
    Cash And Short Term Investments167,292,000USD184,443,000USD337,595,000USD415,042,000USD4,721,800,000USD82,071,000USD87,246,000USD191,390,000USD
    Total Current Assets5,039,031,000USD5,392,608,000USD5,431,118,000USD5,747,266,000USD9,320,076,000USD2,967,484,000USD3,089,617,000USD2,578,820,000USD
    Total Current Liabilities273,362,000USD315,529,000USD270,523,000USD522,137,000USD4,242,065,000USD219,276,000USD421,943,000USD61,124,000USD
    Net Debt4,082,988,000USD4,128,504,000USD3,845,160,000USD4,268,958,000USD7,416,140,000USD2,067,141,000USD2,398,144,000USD1,517,770,000USD
    Short Term Debt187,371,000USD236,608,000USD174,055,000USD440,008,000USD4,178,784,000USD186,828,000USD394,359,000USD44,539,000USD
    Short Long Term Debt187,371,000USD236,608,000USD174,055,000USD440,008,000USD4,178,784,000USD186,828,000USD394,359,000USD44,539,000USD
    Short Long Term Debt Total4,250,280,000USD4,312,947,000USD4,182,755,000USD4,448,272,000USD7,571,069,000USD2,149,212,000USD2,485,390,000USD1,709,160,000USD
    Long Term Debt4,062,909,000USD4,076,339,000USD4,008,700,000USD4,001,836,000USD2,404,980,000USD1,962,384,000USD2,084,895,000USD1,664,621,000USD
    Long Term Investments243,827,000USD216,368,000USD242,569,000USD221,025,000USD4,602,025,000USD171,136,000USD386,316,000USD26,412,000USD
    Net Receivables4,853,850,000USD5,195,744,000USD5,087,431,000USD5,321,051,000USD4,528,239,000USD2,875,343,000USD2,980,495,000USD2,370,166,000USD
    Accounts Payable18,892,000USD14,443,000USD13,339,000USD17,668,000USD12,705,000USD5,125,000USD10,925,000USD4,497,000USD
    Accumulated Other Comprehensive Income-284,000USD79,000USD-703,000USD390,000USD-62,000USD-8,256,000USD-978,000USD-459,000USD
    Common Stock Shares Outstanding86,192,595shares81,846,170shares82,307,970shares71,628,365shares86,869,462shares88,797,758shares88,988,988shares88,988,988shares
    Non Current Assets Total1,018,219,000USD609,778,000USD524,062,000USD456,335,000USD154,625,000USD222,277,000USD451,003,000USD27,258,000USD
    Non Current Liabilities Total4,252,411,000USD4,166,800,000USD4,098,448,000USD4,103,076,000USD3,521,235,000USD2,172,041,000USD2,301,872,000USD1,811,726,000USD
    Non Current Liabilities Other49,141,000USD11,653,000USD—1,127,295,000USD5,198,384,000USD186,828,000USD394,359,000USD44,539,000USD
    Non Currrent Assets Other354,575,000USD353,576,000USD238,700,000USD180,479,000USD106,153,000USD37,595,000USD44,331,000USD-2,605,232,000USD
    Net Working Capital4,765,669,000USD5,077,079,000USD5,160,595,000USD5,225,129,000USD9,270,390,000USD2,943,574,000USD3,067,355,000USD2,562,235,000USD
    Unclassified Non Current Assets-5,620,406,000USD-4,962,967,000USD-122,870,000USD-127,772,000USD-9,632,155,000USD-26,510,000USD-35,333,000USD—
    Unclassified Current Liabilities-187,371,000USD-236,608,000USD-174,055,000USD-440,008,000USD-4,178,784,000USD-186,828,000USD-394,509,000USD-44,539,000USD
    Unclassified Non Current Liabilities140,361,000USD78,808,000USD89,748,000USD-1,032,483,000USD-4,099,667,000USD—-177,757,000USD102,565,000USD
    Unclassified Equity1,592,557,000USD1,600,179,000USD1,598,377,000USD1,601,421,000USD902,823,000USD912,279,000USD902,869,000USD827,163,000USD
    Short Term Investments—202,973,000USD6,092,000USD235,728,000USD4,566,871,000USD171,136,000USD386,316,000USD26,412,000USD
    Unclassified Current Assets—-202,973,000USD-121,922,000USD-127,772,000USD—-197,646,000USD-421,649,000USD—
    Current Deferred Revenue——-15,394,999USD———150,000USD—
    Inventory——115,830,000USD127,772,000USD90,048,000USD26,510,000USD35,333,000USD-846,000USD
    Property Plant Equipment Net——-5,955,180,000USD-6,203,601,000USD-9,474,701,000USD-3,189,761,000USD5,979,000USD—
    Other Liab———6,428,000USD17,538,000USD1,812,000USD375,000USD1,000USD
    Net Tangible Assets———1,209,490,000USD687,992,000USD784,898,000USD802,428,000USD733,228,000USD
    Property Plant Equipment Gross—————0USD5,979,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income11,980,000USD18,380,000USD17,616,000USD24,384,000USD23,705,000USD30,168,000USD30,173,000USD-2,625,000USD
    Depreciation759,000USD3,400,000USD3,432,000USD1,381,000USD1,380,000USD1,409,000USD1,386,000USD1,417,000USD
    Stock Based Compensation2,403,000USD2,319,000USD2,237,000USD2,316,000USD2,246,000USD2,153,000USD2,134,000USD2,087,000USD
    Other Non Cash Items-63,452,000USD304,498,000USD-189,948,000USD-18,640,000USD82,347,000USD-89,390,000USD63,035,000USD12,732,000USD
    Change To Account Receivables2,889,000USD-3,486,000USD1,363,000USD3,555,000USD7,715,000USD-3,059,000USD3,750,000USD1,690,000USD
    Change In Working Capital-5,702,000USD-16,588,000USD18,537,000USD2,378,000USD6,560,000USD571,000USD710,000USD-2,526,000USD
    Total Cash From Operating Activities-54,012,000USD312,009,000USD-148,126,000USD11,819,000USD116,238,000USD-55,089,000USD97,438,000USD1,914,000USD
    Capital Expenditures-120,000USD-180,000USD0USD0USD0USD0USD0USD0USD
    Free Cash Flow-54,012,000USD311,829,000USD-148,306,000USD11,819,000USD116,238,000USD-55,089,000USD97,438,000USD1,914,000USD
    Investments-20,565,000USD-105,126,000USD-52,111,000USD238,871,000USD286,943,000USD264,963,000USD108,807,000USD-389,911,000USD
    Total Cashflows From Investing Activities-246,112,000USD-92,897,000USD-52,111,000USD238,871,000USD286,943,000USD264,963,000USD108,807,000USD-389,911,000USD
    Net Borrowings333,255,000USD-112,366,000USD-39,667,000USD-12,021,000USD-334,894,000USD-330,454,000USD101,571,000USD—
    Total Cash From Financing Activities251,388,000USD-177,794,000USD-78,680,000USD-52,014,000USD-375,941,000USD-366,883,000USD41,892,000USD245,611,000USD
    Dividends Paid-35,957,000USD-36,444,000USD-36,457,000USD-36,443,000USD-36,233,000USD-36,241,000USD-36,227,000USD-36,313,000USD
    Sale Purchase Of Stock-39,823,000USD-14,367,000USD2,393,000USD0USD0USD0USD0USD-2,990,000USD
    Change In Cash-48,736,000USD41,318,000USD-278,917,000USD198,676,000USD27,240,000USD-157,009,000USD248,137,000USD-142,386,000USD
    Begin Period Cash Flow185,181,000USD143,863,000USD422,780,000USD224,104,000USD196,864,000USD353,873,000USD105,736,000USD248,122,000USD
    End Period Cash Flow136,445,000USD185,181,000USD143,863,000USD422,780,000USD224,104,000USD196,864,000USD353,873,000USD105,736,000USD
    Other Cashflows From Investing Activities299,394,000USD12,409,000USD249,969,000USD238,762,000USD288,624,000USD200,053,000USD14,474,000USD306,000USD
    Other Cashflows From Financing Activities-5,205,000USD-14,617,000USD-2,556,000USD-3,550,000USD-4,814,000USD-5,055,000USD-23,452,000USD22,755,000USD
    Unclassified Investing Cash Flow-524,821,000USD—-249,969,000USD-238,762,000USD-288,624,000USD-200,053,000USD-14,474,000USD—
    Unclassified Financing Cash Flow——-2,393,000USD——4,867,000USD—262,159,000USD
    Unclassified Operating Cash Flow———————-9,171,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income84,085,000USD92,403,000USD145,215,000USD14,215,000USD25,702,000USD54,746,000USD83,924,000USD52,825,000USD
    Depreciation9,593,000USD5,630,000USD7,128,000USD5,329,000USD2,107,000USD2,233,000USD3,440,000USD8,109,000USD
    Stock Based Compensation9,118,000USD8,173,000USD4,761,000USD2,519,000USD211,000USD193,000USD156,000USD157,000USD
    Other Non Cash Items178,257,000USD-51,608,000USD42,558,000USD124,953,000USD2,792,000USD41,754,000USD-43,847,000USD-41,818,000USD
    Change To Account Receivables9,147,000USD6,756,000USD-906,000USD-563,000USD-4,675,000USD7,423,000USD-765,000USD-3,060,000USD
    Change In Working Capital10,887,000USD2,635,000USD-2,275,000USD5,499,000USD102,557,000USD-2,921,000USD5,136,000USD-8,917,000USD
    Total Cash From Operating Activities291,940,000USD57,233,000USD197,387,000USD152,515,000USD146,497,000USD115,334,000USD45,369,000USD7,098,000USD
    Capital Expenditures-360,000USD0USD0USD-663,000USD2,881,426,000USD0USD0USD0USD
    Free Cash Flow291,940,000USD57,233,000USD197,387,000USD151,852,000USD3,027,923,000USD115,334,000USD45,369,000USD7,098,000USD
    Investments75,266,000USD-155,475,000USD450,027,000USD2,541,123,000USD404,450,000USD197,621,000USD-363,053,000USD-27,054,000USD
    Total Cashflows From Investing Activities380,806,000USD-155,475,000USD380,807,000USD3,097,265,000USD1,068,747,000USD240,687,000USD-969,241,000USD-855,813,000USD
    Net Borrowings-498,948,000USD128,134,000USD-252,169,000USD941,395,000USD611,465,000USD-323,323,000USD768,799,000USD755,898,000USD
    Total Cash From Financing Activities-684,429,000USD-48,581,000USD-424,994,000USD-3,227,492,000USD-1,139,186,000USD-373,002,000USD828,575,000USD961,426,000USD
    Dividends Paid-145,577,000USD-144,906,000USD-144,347,000USD-139,415,000USD-67,955,000USD-49,790,000USD-60,613,000USD-36,952,000USD
    Sale Purchase Of Stock-14,367,000USD-4,867,000USD-12,505,000USD-16,579,000USD-11,417,000USD-10,259,000USD-13,813,000USD-15,085,000USD
    Change In Cash-11,683,000USD-146,823,000USD153,200,000USD22,288,000USD76,058,000USD-16,981,000USD-95,297,000USD112,711,000USD
    Begin Period Cash Flow196,864,000USD343,687,000USD190,487,000USD168,199,000USD92,141,000USD109,122,000USD204,419,000USD91,708,000USD
    End Period Cash Flow185,181,000USD196,864,000USD343,687,000USD190,487,000USD168,199,000USD92,141,000USD109,122,000USD204,419,000USD
    Other Cashflows From Investing Activities279,191,000USD-230,453,000USD604,575,000USD556,142,000USD664,297,000USD-813,000USD1,333,000USD-827,955,000USD
    Other Cashflows From Financing Activities-9,682,000USD-17,632,999USD-3,068,000USD22,094,606,000USD-9,517,000USD3,400,977,000USD3,333,578,000USD146,245,000USD
    Unclassified Investing Cash Flow26,709,000USD230,453,000USD-673,795,000USD—-2,881,426,000USD43,879,000USD-607,521,000USD—
    Unclassified Financing Cash Flow-15,855,000USD-9,309,001USD-12,905,000USD-26,107,499,000USD-1,661,762,000USD-3,390,607,000USD-3,199,376,000USD111,320,000USD
    Issuance Of Capital Stock——0USD5,000,000USD15,000,000USD10,719,000USD138,742,000USD270,580,000USD
    Change To Liabilities———12,941,000USD12,368,000USD-8,001,000USD8,361,000USD1,468,000USD
    Cash And Cash Equivalents Changes———22,288,000USD76,058,000USD———
    Unclassified Operating Cash Flow————13,128,000USD19,329,000USD-3,440,000USD-3,258,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    FY 2025Yearly · 2025-12-31SegmentAgency Business20,000USD0001562528-26-000008
    FY 2025Yearly · 2025-12-31SegmentConduit0USD0001562528-26-000008
    FY 2025Yearly · 2025-12-31SegmentReal Estate Debt0USD0001562528-26-000008
    FY 2025Yearly · 2025-12-31SegmentReal Estate Owned29,613,000USD0001562528-26-000008
    Q2 2025Quarterly · 2025-06-30SegmentReal Estate Debt0USD0001562528-25-000030
    Q2 2025Quarterly · 2025-06-30SegmentReal Estate Owned8,336,000USD0001562528-25-000030
    Q2 2025Quarterly · 2025-06-30SegmentReal Estate Securities0USD0001562528-25-000030
    Q2 2025Quarterly · 2025-06-30SegmentTaxable REITSubsidiaries0USD0001562528-25-000030
    Q1 2025Quarterly · 2025-03-31SegmentReal Estate Debt0USD0001562528-25-000019
    Q1 2025Quarterly · 2025-03-31SegmentReal Estate Owned6,797,000USD0001562528-25-000019
    Q1 2025Quarterly · 2025-03-31SegmentReal Estate Securities0USD0001562528-25-000019
    Q1 2025Quarterly · 2025-03-31SegmentTaxable REITSubsidiaries0USD0001562528-25-000019
    FY 2024Yearly · 2024-12-31SegmentAgency Business0USD0001562528-26-000008
    FY 2024Yearly · 2024-12-31SegmentConduit0USD0001562528-26-000008
    FY 2024Yearly · 2024-12-31SegmentReal Estate Debt0USD0001562528-26-000008
    FY 2024Yearly · 2024-12-31SegmentReal Estate Owned22,849,000USD0001562528-26-000008
    Q2 2024Quarterly · 2024-06-30SegmentReal Estate Debt0USD0001562528-25-000030
    Q2 2024Quarterly · 2024-06-30SegmentReal Estate Owned4,072,000USD0001562528-25-000030
    Q2 2024Quarterly · 2024-06-30SegmentReal Estate Securities0USD0001562528-25-000030
    Q2 2024Quarterly · 2024-06-30SegmentTaxable REITSubsidiaries0USD0001562528-25-000030
    FY 2023Yearly · 2023-12-31SegmentAgency Business0USD0001562528-26-000008
    FY 2023Yearly · 2023-12-31SegmentConduit0USD0001562528-26-000008
    FY 2023Yearly · 2023-12-31SegmentReal Estate Debt0USD0001562528-26-000008
    FY 2023Yearly · 2023-12-31SegmentReal Estate Owned17,021,000USD0001562528-26-000008
    FY 2022Yearly · 2022-12-31SegmentReal Estate Debt0USD0001562528-25-000013
    FY 2022Yearly · 2022-12-31SegmentReal Estate Owned9,655,000USD0001562528-25-000013
    FY 2022Yearly · 2022-12-31SegmentReal Estate Securities0USD0001562528-25-000013
    FY 2022Yearly · 2022-12-31SegmentTaxable REITSubsidiaries0USD0001562528-25-000013
    Q3 2021Quarterly · 2021-09-30SegmentReal Estate Debt0USD0001562528-21-000027
    Q3 2021Quarterly · 2021-09-30SegmentReal Estate Owned1,015,000USD0001562528-21-000027
    Q3 2021Quarterly · 2021-09-30SegmentReal Estate Securities0USD0001562528-21-000027
    Q3 2021Quarterly · 2021-09-30SegmentTaxable REITSubsidiaries0USD0001562528-21-000027
    Q3 2020Quarterly · 2020-09-30SegmentReal Estate Debt0USD0001562528-21-000027
    Q3 2020Quarterly · 2020-09-30SegmentReal Estate Owned1,017,000USD0001562528-21-000027
    Q3 2020Quarterly · 2020-09-30SegmentReal Estate Securities0USD0001562528-21-000027
    Q3 2020Quarterly · 2020-09-30SegmentTaxable REITSubsidiaries0USD0001562528-21-000027

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.