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10-Q Filing

FRANKLIN BSP REALTY TRUST, INC. CIK: 1562528 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001562528-15-000008
Period End Date 20150331
Filing Date 20150515
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance arct-20150331.xml
Balance Sheet 67 line items
Line Item Tag Value Unit Period
Preferred stock, par value per share (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value per share (in dollars 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 (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value per share (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 950.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 950.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 19.40M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 15.47M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.16M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $386.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $178.00K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 19.40M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $352.00K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 15.47M shares Point-in-time
Convertible stock, par value per share (in dollars per share) ConvertibleStockParorStatedValuePerShare $0.01 USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $68.00K USD Point-in-time
Convertible stock, par value per share (in dollars per share) ConvertibleStockParorStatedValuePerShare $0.01 USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $68.00K USD Point-in-time
Convertible stock, shares authorized ConvertibleStockSharesAuthorized 1,000.00 shares Point-in-time
Commercial mortgage loans, held for investment, net LoansReceivableNet $456.88M USD Point-in-time
Commercial mortgage loans, held for investment, net LoansReceivableNet $559.06M USD Point-in-time
Convertible stock, shares authorized ConvertibleStockSharesAuthorized 1,000.00 shares Point-in-time
Convertible stock, shares issued ConvertibleStockSharesIssued 0.00 shares Point-in-time
Real estate securities, at fair value AvailableForSaleSecurities $58.38M USD Point-in-time
Real estate securities, at fair value AvailableForSaleSecurities $50.23M USD Point-in-time
Convertible stock, shares issued ConvertibleStockSharesIssued 0.00 shares Point-in-time
Accrued interest receivable InterestReceivable $2.87M USD Point-in-time
Convertible stock, shares outstanding ConvertibleStockSharesOutstanding 0.00 shares Point-in-time
Accrued interest receivable InterestReceivable $2.31M USD Point-in-time
Convertible stock, shares outstanding ConvertibleStockSharesOutstanding 0.00 shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $3.78M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $5.01M USD Point-in-time
Total assets Assets $514.22M USD Point-in-time
Total assets Assets $641.97M USD Point-in-time
Total assets Assets $71.43M USD Point-in-time
Interest payable InterestPayableCurrentAndNoncurrent $257.00K USD Point-in-time
Interest payable InterestPayableCurrentAndNoncurrent $232.00K USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $2.62M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $3.27M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $2.15M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $2.38M USD Point-in-time
Due to affiliate DueToAffiliateCurrentAndNoncurrent $2.04M USD Point-in-time
Due to affiliate DueToAffiliateCurrentAndNoncurrent $3.22M USD Point-in-time
Total liabilities Liabilities $228.94M USD Point-in-time
Total liabilities Liabilities $183.71M USD Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of March 31, 2015 and December 31, 2014 PreferredStockValue - USD Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of March 31, 2015 and December 31, 2014 PreferredStockValue - USD Point-in-time
Convertible stock; $0.01 par value, 1,000 shares authorized, issued and outstanding as of March 31, 2015 and December 31, 2014, respectively ConvertibleSharesValueIssued $1.00K USD Point-in-time
Convertible stock; $0.01 par value, 1,000 shares authorized, issued and outstanding as of March 31, 2015 and December 31, 2014, respectively ConvertibleSharesValueIssued $1.00K USD Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 19,406,761 and 15,472,192 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively CommonStockValue $194.00K USD Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 19,406,761 and 15,472,192 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively CommonStockValue $155.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $427.37M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $340.87M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-166.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-307.00K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-10.22M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-14.37M USD Point-in-time
Total stockholders' equity StockholdersEquity $413.03M USD Point-in-time
Total stockholders' equity StockholdersEquity $330.51M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $514.22M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $641.97M USD Point-in-time
Income Statement 29 line items
Line Item Tag Value Unit Period
Interest income InterestAndDividendIncomeOperating $977.00K USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $9.61M USD 1 Quarter
Interest expense InterestExpense $21.00K USD 1 Quarter
Interest expense InterestExpense $1.93M USD 1 Quarter
Net interest income Revenues $956.00K USD 1 Quarter
Net interest income Revenues $7.67M USD 1 Quarter
Acquisition fees BoardExpenses $259.00K USD 1 Quarter
Acquisition fees BoardExpenses $1.03M USD 1 Quarter
Subordinated performance fee AssetManagementCosts - USD 1 Quarter
Subordinated performance fee AssetManagementCosts $362.00K USD 1 Quarter
Professional fees ProfessionalFees $113.00K USD 1 Quarter
Professional fees ProfessionalFees $1.38M USD 1 Quarter
Other expenses GeneralInsuranceExpense $272.00K USD 1 Quarter
Other expenses GeneralInsuranceExpense $123.00K USD 1 Quarter
Loan loss provision ProvisionForLoanAndLeaseLosses $570.00K USD Annual
Loan loss provision ProvisionForLoanAndLeaseLosses $144.00K USD 1 Quarter
Loan loss provision ProvisionForLoanAndLeaseLosses $86.00K USD 1 Quarter
Total expenses OperatingExpenses $730.00K USD 1 Quarter
Total expenses OperatingExpenses $3.04M USD 1 Quarter
Net income NetIncomeLoss $4.63M USD 1 Quarter
Net income NetIncomeLoss $226.00K USD 1 Quarter
Basic net income (loss) per share (in dollars per share) EarningsPerShareBasic $0.27 USD 1 Quarter
Basic net income (loss) per share (in dollars per share) EarningsPerShareBasic $0.11 USD 1 Quarter
Diluted net income (loss) per share (in dollars per share) EarningsPerShareDiluted $0.27 USD 1 Quarter
Diluted net income (loss) per share (in dollars per share) EarningsPerShareDiluted $0.11 USD 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 2.03M shares 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 17.28M shares 1 Quarter
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 17.28M shares 1 Quarter
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 2.03M shares 1 Quarter
Cash Flow Statement 82 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $4.63M USD 1 Quarter
Net income NetIncomeLoss $226.00K USD 1 Quarter
Discount accretion and premium amortization, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $189.00K USD 1 Quarter
Discount accretion and premium amortization, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $52.00K USD 1 Quarter
Accretion of loan exit fees AmortizationOfDeferredLoanOriginationFeesNet - USD 1 Quarter
Accretion of loan exit fees AmortizationOfDeferredLoanOriginationFeesNet $145.00K USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts $479.00K USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts - USD 1 Quarter
Share-based compensation ShareBasedCompensation $6.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $4.00K USD 1 Quarter
Loan loss provision ProvisionForLoanAndLeaseLosses $570.00K USD Annual
Loan loss provision ProvisionForLoanAndLeaseLosses $144.00K USD 1 Quarter
Loan loss provision ProvisionForLoanAndLeaseLosses $86.00K USD 1 Quarter
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $-705.00K USD 1 Quarter
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $198.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-859.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.19M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInInterestPayableNet $-364.00K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInInterestPayableNet $92.00K USD 1 Quarter
Due to affiliate IncreaseDecreaseInDueToAffiliates - USD 1 Quarter
Due to affiliate IncreaseDecreaseInDueToAffiliates $-894.00K USD 1 Quarter
Interest payable IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-2.00K USD 1 Quarter
Interest payable IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $25.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-1.04M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $5.26M USD 1 Quarter
Origination and purchase of commercial mortgage loans PaymentsToAcquireLoansAndLeasesHeldForInvestment $24.07M USD 1 Quarter
Origination and purchase of commercial mortgage loans PaymentsToAcquireLoansAndLeasesHeldForInvestment $116.43M USD 1 Quarter
Purchase of real estate securities PaymentsToAcquireAvailableForSaleSecurities $8.02M USD 1 Quarter
Purchase of real estate securities PaymentsToAcquireAvailableForSaleSecurities $9.50M USD 1 Quarter
Principal repayments received on commercial mortgage loans PaymentsForProceedsFromLoansAndLeases $-38.00K USD 1 Quarter
Principal repayments received on commercial mortgage loans PaymentsForProceedsFromLoansAndLeases $-14.32M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-110.13M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-33.52M USD 1 Quarter
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $92.81M USD 1 Quarter
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $2.00M USD Point-in-time
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $40.84M USD 1 Quarter
Common stock repurchases PaymentsForRepurchaseOfCommonStock $144.00K USD 1 Quarter
Common stock repurchases PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Payments of offering costs and fees related to common stock issuances PaymentsOfStockIssuanceCosts $4.50M USD 1 Quarter
Payments of offering costs and fees related to common stock issuances PaymentsOfStockIssuanceCosts $9.18M USD 1 Quarter
Borrowings on revolving line of credit with affiliate ProceedsFromDebtNetOfIssuanceCosts - USD 1 Quarter
Borrowings on revolving line of credit with affiliate ProceedsFromDebtNetOfIssuanceCosts $3.30M USD 1 Quarter
Repayments of revolving line of credit with affiliate RepaymentsOfLinesOfCredit $7.30M USD 1 Quarter
Repayments of revolving line of credit with affiliate RepaymentsOfLinesOfCredit - USD 1 Quarter
Borrowings on repurchase agreements - commercial mortgage loans ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable - USD 1 Quarter
Borrowings on repurchase agreements - commercial mortgage loans ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $38.38M USD 1 Quarter
Repayments of repurchase agreements - commercial mortgage loans PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $6.24M USD 1 Quarter
Repayments of repurchase agreements - commercial mortgage loans PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable - USD 1 Quarter
Borrowings on repurchase agreements - real estate securities ProceedsFromSecuritiesPurchasedUnderAgreementsToResell $4.01M USD 1 Quarter
Borrowings on repurchase agreements - real estate securities ProceedsFromSecuritiesPurchasedUnderAgreementsToResell $99.56M USD 1 Quarter
Repayments of repurchase agreements - real estate securities PaymentsForSecuritiesPurchasedUnderAgreementsToResell $88.09M USD 1 Quarter
Repayments of repurchase agreements - real estate securities PaymentsForSecuritiesPurchasedUnderAgreementsToResell $10.00K USD 1 Quarter
Advances from affiliate PaymentsOfCapitalDistribution $1.08M USD 1 Quarter
Advances from affiliate PaymentsOfCapitalDistribution - USD 1 Quarter
Payments of deferred financing costs PaymentsOfFinancingCosts - USD 1 Quarter
Payments of deferred financing costs PaymentsOfFinancingCosts $750.00K USD 1 Quarter
Distributions paid PaymentsOfDividends $4.70M USD 1 Quarter
Distributions paid PaymentsOfDividends $523.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $121.64M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $34.74M USD 1 Quarter
Net change in cash CashPeriodIncreaseDecrease $16.77M USD 1 Quarter
Net change in cash CashPeriodIncreaseDecrease $174.00K USD 1 Quarter
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $17.16M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $386.00K USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $178.00K USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $352.00K USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $17.16M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $386.00K USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $178.00K USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $352.00K USD Point-in-time
Escrow deposits payable related to commercial mortgage loans EscrowDepositsRelatedToPropertySales - USD 1 Quarter
Escrow deposits payable related to commercial mortgage loans EscrowDepositsRelatedToPropertySales $295.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $9.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid - USD 1 Quarter
Interest paid InterestPaid $24.00K USD 1 Quarter
Interest paid InterestPaid $2.47M USD 1 Quarter
Distributions payable EscrowDepositDisbursementsRelatedToPropertyAcquisition1 $3.27M USD 1 Quarter
Distributions payable EscrowDepositDisbursementsRelatedToPropertyAcquisition1 $469.00K USD 1 Quarter
Common stock issued through distribution reinvestment plan CommonStockIssuedDividendReinvestmentInvestmentPlan $3.44M USD 1 Quarter
Common stock issued through distribution reinvestment plan CommonStockIssuedDividendReinvestmentInvestmentPlan $266.00K USD 1 Quarter
Receivable for common stock issued AmountReceivableforCommonStockIssued - USD 1 Quarter
Receivable for common stock issued AmountReceivableforCommonStockIssued $3.01M USD 1 Quarter
Stockholders Equity 13 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $330.51M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $413.03M USD Point-in-time
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $94.62M USD 1 Quarter
Common stock repurchases StockRepurchasedDuringPeriodValue $-144.00K USD 1 Quarter
Net income NetIncomeLoss $4.63M USD 1 Quarter
Net income NetIncomeLoss $226.00K USD 1 Quarter
Distributions declared Dividends $8.79M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.44M USD 1 Quarter
Share-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $6.00K USD 1 Quarter
Common stock offering costs, commissions and dealer manager fees AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts $11.39M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $141.00K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $330.51M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $413.03M USD Point-in-time
Comprehensive Income 6 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $4.63M USD 1 Quarter
Net income NetIncomeLoss $226.00K USD 1 Quarter
Unrealized loss on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $5.00K USD 1 Quarter
Unrealized loss on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $141.00K USD 1 Quarter
Comprehensive income attributable to Realty Finance Trust, Inc. ComprehensiveIncomeNetOfTax $4.77M USD 1 Quarter
Comprehensive income attributable to Realty Finance Trust, Inc. ComprehensiveIncomeNetOfTax $231.00K USD 1 Quarter

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

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