Franklin BSP Realty Trust, Inc. Announces Third Quarter 2026 Results
FBRT reported a Q3 2026 GAAP net loss of $(27.0) million, or $(0.41) per diluted share, driven by a $43.1 million net provision for credit losses and losses on real estate investments. On a non-GAAP basis, distributable earnings before realized losses were $25.8 million ($0.24 per fully converted share), roughly flat with the prior year, and fully converted book value rose $0.02 to $14.26 per share. The company repurchased 7.4 million shares for $60.5 million at an average of $8.14, adding $0.55 per share of book value accretion, and the board extended the buyback program to December 31, 2027.
Key figures
- Revenue
- $74,937 thousand total income (Q3 2026)
- Core loans
- 175
- Loan fundings
- 284800000
- Msr book value
- 201200000
- Loan repayments
- 405500000
- Total liquidity
- 407200000
- Watchlist loans
- 13
- Buyback aggregate
- 60500000
- Buyback avg price
- 8.14
- Watchlist balance
- 333600000
- Dividend per share
- 0.2
- Shares repurchased
- 7433748
- Agency originations
- 670400000
- Servicing portfolio
- 61300000000
- New loan commitments
- 249300000
- Annualized yield on bv
- 5.6%
- Core portfolio balance
- 4100000000
- Distributable earnings
- 3264000
- Avg portfolio risk rating
- 2.4
- De before realized losses
- 25800000
- Provision for credit losses
- 43100000
- Buyback bv accretion per share
- 0.55
- De before realized losses per share
- 0.24
- Book value per share fully converted
- 14.26
- Adjusted fully converted book value per share
- 15.13
AI analysis
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