10-K Filing

FRANKLIN BSP REALTY TRUST, INC. CIK: 1562528 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001562528-14-000004`
Period End Date	20131231
Filing Date	20140313
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	ck0001562528-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 24 Cash Flow Statement 59 Stockholders Equity 18 Comprehensive Income 5

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$178.03K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$573.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.33M	shares	Point-in-time
Loans receivable, net	`LoansReceivableNet`	-	USD	Point-in-time
Loans receivable, net	`LoansReceivableNet`	$30.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8,888.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8,888.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.33M	shares	Point-in-time
Mortgage-backed securities, at fair value	`AvailableForSaleSecurities`	$5.00M	USD	Point-in-time
Mortgage-backed securities, at fair value	`AvailableForSaleSecurities`	-	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$126.12K	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	-	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$229.12K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	-	USD	Point-in-time
Deferred costs	`DeferredFinanceCostsNet`	$940.62K	USD	Point-in-time
Deferred costs	`DeferredFinanceCostsNet`	-	USD	Point-in-time
Total assets	`Assets`	$36.37M	USD	Point-in-time
Total assets	`Assets`	$941.19K	USD	Point-in-time
Revolving line of credit with affiliate	`LongTermDebt`	$7.30M	USD	Point-in-time
Revolving line of credit with affiliate	`LongTermDebt`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$635.22K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.74M	USD	Point-in-time
Due to affiliate	`DueToAffiliateCurrentAndNoncurrent`	$121.50K	USD	Point-in-time
Due to affiliate	`DueToAffiliateCurrentAndNoncurrent`	$1.08M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$215.75K	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$14.63K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$756.72K	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding at December 31, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding at December 31, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 300,000,000 shares authorized, 1,330,669 and 8,888 shares issued and outstanding as of December 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$89.00	USD	Point-in-time
Common stock, $0.01 par value, 300,000,000 shares authorized, 1,330,669 and 8,888 shares issued and outstanding as of December 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$13.27K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$26.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$199.91K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.58K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.53K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-605.15K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$184.47K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$26.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$36.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$941.19K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestAndDividendIncomeOperating`	-	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$775.06K	USD	Annual
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$32.31K	USD	Annual
Net interest income	`Revenues`	-	USD	1 Quarter
Net interest income	`Revenues`	$742.74K	USD	Annual
Board expenses	`BoardExpenses`	$185.50K	USD	Annual
Board expenses	`BoardExpenses`	-	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	-	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$165.00K	USD	Annual
Professional fees	`ProfessionalFees`	$71.09K	USD	Annual
Professional fees	`ProfessionalFees`	$15.53K	USD	1 Quarter
Other expenses	`OtherExpenses`	-	USD	1 Quarter
Other expenses	`OtherExpenses`	$219.48K	USD	Annual
Total expenses	`OperatingExpenses`	$15.53K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$641.08K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$101.67K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-15.53K	USD	1 Quarter
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	Annual
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	526,084.00	shares	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8,888.00	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8,888.00	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	530,096.00	shares	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$101.67K	USD	Annual
Net income	`NetIncomeLoss`	$-15.53K	USD	1 Quarter
Discount accretion, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	1 Quarter
Discount accretion, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$91.10K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$15.88K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$126.12K	USD	Annual
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$229.12K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.09M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.53K	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$14.63K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$776.24K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Loan investments	`ProceedsFromLoanOriginations1`	$-30.79M	USD	Annual
Loan investments	`ProceedsFromLoanOriginations1`	-	USD	1 Quarter
Mortgage-backed securities investments	`PaymentsToAcquireAvailableForSaleSecurities`	$5.01M	USD	Annual
Mortgage-backed securities investments	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Principal repayments received on loan investments	`PaymentsForProceedsFromLoansAndLeases`	$-46.85K	USD	1 Quarter
Principal repayments received on loan investments	`PaymentsForProceedsFromLoansAndLeases`	$-46.85K	USD	Annual
Principal repayments received on loan investments	`PaymentsForProceedsFromLoansAndLeases`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.76M	USD	Annual
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$32.40M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$200.00K	USD	1 Quarter
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$32.21M	USD	Annual
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.00M	USD	Point-in-time
Payments of offering costs and fees related to common stock issuances	`PaymentsOfStockIssuanceCosts`	$320.93K	USD	1 Quarter
Payments of offering costs and fees related to common stock issuances	`PaymentsOfStockIssuanceCosts`	$4.99M	USD	Annual
Common stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$35.00K	USD	Annual
Common stock repurchase	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Borrowings on revolving line of credit with affiliate	`ProceedsFromDebtNetOfIssuanceCosts`	$16.84M	USD	Annual
Borrowings on revolving line of credit with affiliate	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	1 Quarter
Repayments of revolving line of credit with affiliate	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayments of revolving line of credit with affiliate	`RepaymentsOfLinesOfCredit`	$9.54M	USD	Annual
Advances from affiliate	`IncreaseDecreaseInDueToAffiliates`	$121.50K	USD	1 Quarter
Advances from affiliate	`IncreaseDecreaseInDueToAffiliates`	$956.26K	USD	Annual
Distributions paid	`PaymentsOfCapitalDistribution`	$286.58K	USD	Annual
Distributions paid	`PaymentsOfCapitalDistribution`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$573.00	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.16M	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$573.00	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$177.46K	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$178.03K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$573.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$178.03K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$573.00	USD	Point-in-time
Escrow deposits payable related to loan investments	`EscrowDepositsRelatedToPropertySales`	-	USD	1 Quarter
Escrow deposits payable related to loan investments	`EscrowDepositsRelatedToPropertySales`	$14.76K	USD	Annual
Distributions payable	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$215.75K	USD	Annual
Distributions payable	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	-	USD	1 Quarter
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	$188.96K	USD	Annual
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	-	USD	1 Quarter
Reclassification of deferred offering costs to additional paid-in capital	`ReclassificationOfDeferredOfferingCosts`	$940.62K	USD	Annual
Reclassification of deferred offering costs to additional paid-in capital	`ReclassificationOfDeferredOfferingCosts`	-	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance, shares	`SharesOutstanding`	1.33M	shares	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$26.02M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$184.47K	USD	Point-in-time
Issuances of common stock	`StockIssuedDuringPeriodValueNewIssues`	$200.00K	USD	1 Quarter
Issuances of common stock	`StockIssuedDuringPeriodValueNewIssues`	$32.21M	USD	Annual
Net income	`NetIncomeLoss`	$101.67K	USD	Annual
Net income	`NetIncomeLoss`	$-15.53K	USD	1 Quarter
Distributions declared	`Dividends`	$691.29K	USD	Annual
Common stock issued through distribution reinvestment plan (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	3,109.00	shares	Point-in-time
Common stock issued through distribution reinvestment plan (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	7,956.00	shares	Annual
Common stock issued through distribution reinvestment plan	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$188.96K	USD	Annual
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$35.00K	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$15.88K	USD	Annual
Common stock offering costs, commissions and dealer manager fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$5.94M	USD	Annual
Balance, shares	`SharesOutstanding`	1.33M	shares	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$26.02M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$184.47K	USD	Point-in-time
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.58K	USD	Annual

Comprehensive Income 5 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$101.67K	USD	Annual
Net income	`NetIncomeLoss`	$-15.53K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.58K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-9.58K	USD	Annual
Comprehensive income (loss) attributable to ARC Realty Finance Trust, Inc.	`ComprehensiveIncomeNetOfTax`	$92.09K	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.