10-Q Filing

FRANKLIN BSP REALTY TRUST, INC. CIK: 1562528 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001562528-19-000010`
Period End Date	20190630
Filing Date	20190813
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	bsprt-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 95 Cash Flow Statement 110 Stockholders Equity 43 Comprehensive Income 14

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Restricted cash	`RestrictedCashAndCashEquivalents`	$13.03M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$13.69M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.83M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$4.84M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$7.90M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$1.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$164.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$191.39M	USD	Point-in-time
Preferred stock, par value per share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
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
Restricted cash	`RestrictedCashAndCashEquivalents`	$13.03M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$13.69M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.83M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	95,177.00	shares	Point-in-time
Commercial mortgage loans, held for investment, net of allowance of 7,904 and 4,836	`NotesReceivableNet`	$2.21B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Commercial mortgage loans, held for investment, net of allowance of 7,904 and 4,836	`NotesReceivableNet`	$2.55B	USD	Point-in-time
Commercial mortgage loans, held-for-sale, measured at fair value	`MortgagesHeldForSaleFairValueDisclosure`	$76.86M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commercial mortgage loans, held-for-sale, measured at fair value	`MortgagesHeldForSaleFairValueDisclosure`	$104.05M	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Real estate securities, available for sale, measured at fair value	`AvailableForSaleSecuritiesDebtSecurities`	$133.76M	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Real estate securities, available for sale, measured at fair value	`AvailableForSaleSecuritiesDebtSecurities`	$26.41M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Derivative instruments, measured at fair value	`DerivativeAssets`	$846.00K	USD	Point-in-time
Derivative instruments, measured at fair value	`DerivativeAssets`	$262.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	950.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.30M	shares	Point-in-time
Other real estate investments, measured at fair value	`RealEstateInvestmentsOther`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	41.72M	shares	Point-in-time
Other real estate investments, measured at fair value	`RealEstateInvestmentsOther`	$2.51M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	39.30M	shares	Point-in-time
Receivable for loan repayment	`LoansPledgedAsCollateral`	$74.71M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	41.72M	shares	Point-in-time
Receivable for loan repayment	`LoansPledgedAsCollateral`	$73.68M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$14.53M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$12.79M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$4.43M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$4.24M	USD	Point-in-time
Total assets	`Assets`	$3.06B	USD	Point-in-time
Total assets	`Assets`	$2.61B	USD	Point-in-time
Total assets	`Assets`	$2.61B	USD	Point-in-time
Collateralized loan obligations	`SecuredDebt`	$1.51B	USD	Point-in-time
Collateralized loan obligations	`SecuredDebt`	$1.89B	USD	Point-in-time
Other financing and loan participation - commercial mortgage loans	`OtherLongTermDebt`	$9.90M	USD	Point-in-time
Other financing and loan participation - commercial mortgage loans	`OtherLongTermDebt`	-	USD	Point-in-time
Derivative instruments, measured at fair value	`DerivativeLiabilities`	$4.23M	USD	Point-in-time
Derivative instruments, measured at fair value	`DerivativeLiabilities`	$1.32M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$3.40M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$3.02M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$5.83M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.81M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$6.08M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$6.96M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.50M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$3.23M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$3.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.73B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.13B	USD	Point-in-time
Commitment and contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitment and contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of June 30, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of June 30, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 41,720,045 and 39,303,710 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$395.00K	USD	Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 41,720,045 and 39,303,710 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$419.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$866.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$827.56M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-379.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-459.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-95.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-94.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$771.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$618.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$733.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$600.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$610.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$751.07M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.06B	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.61B	USD	Point-in-time

Income Statement 95 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestAndDividendIncomeOperating`	$48.23M	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$63.53M	USD	2 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$94.74M	USD	2 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$34.13M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.87M	USD	1 Quarter
Interest expense	`InterestExpense`	$14.39M	USD	1 Quarter
Interest expense	`InterestExpense`	$46.23M	USD	2 Qtrs
Interest expense	`InterestExpense`	$33.06M	USD	2 Qtrs
Net interest income	`Revenues`	$19.74M	USD	1 Quarter
Net interest income	`Revenues`	$30.47M	USD	2 Qtrs
Net interest income	`Revenues`	$22.36M	USD	1 Quarter
Net interest income	`Revenues`	$48.50M	USD	2 Qtrs
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$270.00K	USD	1 Quarter
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$51.00K	USD	1 Quarter
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$116.00K	USD	2 Qtrs
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$518.00K	USD	2 Qtrs
Administrative services expenses	`GeneralAndAdministrativeExpense`	$3.12M	USD	1 Quarter
Administrative services expenses	`GeneralAndAdministrativeExpense`	$6.32M	USD	2 Qtrs
Administrative services expenses	`GeneralAndAdministrativeExpense`	$3.56M	USD	1 Quarter
Administrative services expenses	`GeneralAndAdministrativeExpense`	$7.52M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$2.57M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.66M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$5.23M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$2.67M	USD	1 Quarter
Other expenses	`OtherGeneralExpense`	$1.15M	USD	1 Quarter
Other expenses	`OtherGeneralExpense`	$1.73M	USD	2 Qtrs
Other expenses	`OtherGeneralExpense`	$836.00K	USD	1 Quarter
Other expenses	`OtherGeneralExpense`	$2.14M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$9.26M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$21.88M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$18.31M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$11.04M	USD	1 Quarter
Loan loss provision/(recovery)	`ProvisionForLoanAndLeaseLosses`	$2.35M	USD	1 Quarter
Loan loss provision/(recovery)	`ProvisionForLoanAndLeaseLosses`	$2.44M	USD	2 Qtrs
Loan loss provision/(recovery)	`ProvisionForLoanAndLeaseLosses`	$3.37M	USD	Annual
Loan loss provision/(recovery)	`ProvisionForLoanAndLeaseLosses`	$573.00K	USD	1 Quarter
Loan loss provision/(recovery)	`ProvisionForLoanAndLeaseLosses`	$3.07M	USD	2 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan held-for-sale	`GainLossOnSaleOfMortgageLoans`	-	USD	1 Quarter
Realized (gain)/loss on sale of commercial mortgage loan held-for-sale	`GainLossOnSaleOfMortgageLoans`	$-28.00K	USD	2 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan held-for-sale	`GainLossOnSaleOfMortgageLoans`	$-25.00K	USD	2 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan held-for-sale	`GainLossOnSaleOfMortgageLoans`	-	USD	1 Quarter
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value	`GainLossOnSaleOfMortgageLoansFairValueDisclosure`	$7.24M	USD	1 Quarter
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value	`GainLossOnSaleOfMortgageLoansFairValueDisclosure`	$6.35M	USD	2 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value	`GainLossOnSaleOfMortgageLoansFairValueDisclosure`	$4.04M	USD	1 Quarter
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value	`GainLossOnSaleOfMortgageLoansFairValueDisclosure`	$18.42M	USD	2 Qtrs
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value	`UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure`	$568.00K	USD	1 Quarter
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value	`UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure`	$705.00K	USD	2 Qtrs
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value	`UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure`	$70.00K	USD	1 Quarter
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value	`UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure`	$232.00K	USD	2 Qtrs
Unrealized (gain)/loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-3.07M	USD	2 Qtrs
Unrealized (gain)/loss on derivatives	`UnrealizedGainLossOnDerivatives`	$87.00K	USD	1 Quarter
Unrealized (gain)/loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-2.00M	USD	1 Quarter
Unrealized (gain)/loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-110.00K	USD	2 Qtrs
Realized (gain)/loss on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.63M	USD	1 Quarter
Realized (gain)/loss on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$1.52M	USD	2 Qtrs
Realized (gain)/loss on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$-3.08M	USD	2 Qtrs
Realized (gain)/loss on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$271.00K	USD	1 Quarter
Total other (income)/loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.12M	USD	1 Quarter
Total other (income)/loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.60M	USD	1 Quarter
Total other (income)/loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.99M	USD	2 Qtrs
Total other (income)/loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.40M	USD	2 Qtrs
Income/(loss) before taxes	`IncomeLossAttributableToParent`	$12.59M	USD	1 Quarter
Income/(loss) before taxes	`IncomeLossAttributableToParent`	$18.15M	USD	2 Qtrs
Income/(loss) before taxes	`IncomeLossAttributableToParent`	$36.02M	USD	2 Qtrs
Income/(loss) before taxes	`IncomeLossAttributableToParent`	$14.92M	USD	1 Quarter
Provision/(benefit) for income tax	`IncomeTaxExpenseBenefit`	$1.61M	USD	2 Qtrs
Provision/(benefit) for income tax	`IncomeTaxExpenseBenefit`	$492.00K	USD	1 Quarter
Provision/(benefit) for income tax	`IncomeTaxExpenseBenefit`	$397.00K	USD	1 Quarter
Provision/(benefit) for income tax	`IncomeTaxExpenseBenefit`	$755.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$17.40M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$12.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.42M	USD	2 Qtrs
Net income applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$27.61M	USD	2 Qtrs
Net income applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.04M	USD	1 Quarter
Net income applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$17.38M	USD	2 Qtrs
Net income applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.09M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	2 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	2 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.68	USD	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.76M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.72M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.23M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.52M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.78M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.73M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.53M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.24M	shares	1 Quarter

Cash Flow Statement 110 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.40M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$12.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.42M	USD	2 Qtrs
Premium amortization and (discount accretion), net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.92M	USD	2 Qtrs
Premium amortization and (discount accretion), net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$3.19M	USD	2 Qtrs
Accretion of deferred commitment fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$856.00K	USD	2 Qtrs
Accretion of deferred commitment fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$1.28M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$7.07M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$9.64M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$78.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$80.00K	USD	2 Qtrs
Unrealized (gain)/loss on commercial mortgage loans held-for-sale	`GainLossOnSaleOfLoansAndLeases`	$232.00K	USD	2 Qtrs
Unrealized (gain)/loss on commercial mortgage loans held-for-sale	`GainLossOnSaleOfLoansAndLeases`	$705.00K	USD	2 Qtrs
Unrealized (gain)/loss on derivative instruments	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-3.07M	USD	2 Qtrs
Unrealized (gain)/loss on derivative instruments	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-110.00K	USD	2 Qtrs
Loan loss (recovery)/provision	`ProvisionForLoanAndLeaseLosses`	$2.35M	USD	1 Quarter
Loan loss (recovery)/provision	`ProvisionForLoanAndLeaseLosses`	$2.44M	USD	2 Qtrs
Loan loss (recovery)/provision	`ProvisionForLoanAndLeaseLosses`	$3.37M	USD	Annual
Loan loss (recovery)/provision	`ProvisionForLoanAndLeaseLosses`	$573.00K	USD	1 Quarter
Loan loss (recovery)/provision	`ProvisionForLoanAndLeaseLosses`	$3.07M	USD	2 Qtrs
Origination of commercial mortgage loans, held-for-sale	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$317.37M	USD	2 Qtrs
Origination of commercial mortgage loans, held-for-sale	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$324.22M	USD	2 Qtrs
Proceeds from sale of commercial mortgage loans, held-for-sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$297.27M	USD	2 Qtrs
Proceeds from sale of commercial mortgage loans, held-for-sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$244.37M	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$1.20M	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$462.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.10M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.35M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$348.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.46M	USD	2 Qtrs
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$37.00K	USD	2 Qtrs
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-1.90M	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.24M	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$370.00K	USD	2 Qtrs
Net cash (used in)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.35M	USD	2 Qtrs
Net cash (used in)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.68M	USD	2 Qtrs
Origination and purchase of commercial mortgage loans, held for investment	`PaymentsToAcquireLoansAndLeasesHeldForInvestment`	$815.74M	USD	2 Qtrs
Origination and purchase of commercial mortgage loans, held for investment	`PaymentsToAcquireLoansAndLeasesHeldForInvestment`	$669.04M	USD	2 Qtrs
Principal repayments received on commercial mortgage loans, held for investment	`ProceedsFromCollectionOfLoansReceivable`	$328.74M	USD	2 Qtrs
Principal repayments received on commercial mortgage loans, held for investment	`ProceedsFromCollectionOfLoansReceivable`	$310.52M	USD	2 Qtrs
Purchase of other real estate investments	`PaymentsToAcquireOtherRealEstate`	$2.51M	USD	2 Qtrs
Purchase of other real estate investments	`PaymentsToAcquireOtherRealEstate`	-	USD	2 Qtrs
Purchase of real estate securities	`PaymentsToAcquireAvailableForSaleSecurities`	$13.32M	USD	2 Qtrs
Purchase of real estate securities	`PaymentsToAcquireAvailableForSaleSecurities`	$107.53M	USD	2 Qtrs
Principal repayments received on real estate securities	`ProceedsFromSecuritizationsOfConsumerLoans`	-	USD	2 Qtrs
Principal repayments received on real estate securities	`ProceedsFromSecuritizationsOfConsumerLoans`	$249.00K	USD	2 Qtrs
Purchase of derivative instruments	`PaymentsForDerivativeInstrumentInvestingActivities`	$520.00K	USD	2 Qtrs
Purchase of derivative instruments	`PaymentsForDerivativeInstrumentInvestingActivities`	$829.00K	USD	2 Qtrs
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-519.05M	USD	2 Qtrs
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-450.93M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$40.60M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.72M	USD	2 Qtrs
Proceeds from issuances of redeemable convertible preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$14.98M	USD	2 Qtrs
Proceeds from issuances of redeemable convertible preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$11.28M	USD	2 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$7.83M	USD	2 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$7.21M	USD	2 Qtrs
Borrowings under collateralized loan obligation	`ProceedsFromIssuanceOfSecuredDebt`	$488.00M	USD	2 Qtrs
Borrowings under collateralized loan obligation	`ProceedsFromIssuanceOfSecuredDebt`	$639.90M	USD	2 Qtrs
Repayments of collateralized loan obligation	`RepaymentsOfSecuredDebt`	$141.95M	USD	2 Qtrs
Repayments of collateralized loan obligation	`RepaymentsOfSecuredDebt`	$260.83M	USD	2 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans	`ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$1.17B	USD	2 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans	`ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$728.43M	USD	2 Qtrs
Repayments of repurchase agreements - commercial mortgage loans	`PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$933.12M	USD	2 Qtrs
Repayments of repurchase agreements - commercial mortgage loans	`PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable`	$745.00M	USD	2 Qtrs
Borrowings on repurchase agreements - real estate securities	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$493.54M	USD	2 Qtrs
Borrowings on repurchase agreements - real estate securities	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$49.75M	USD	2 Qtrs
Repayments of repurchase agreements - real estate securities	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$78.18M	USD	2 Qtrs
Repayments of repurchase agreements - real estate securities	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$453.06M	USD	2 Qtrs
Repayments on other financing and loan participation - commercial mortgage loans	`RepaymentsOfOtherDebt`	$10.00M	USD	2 Qtrs
Repayments on other financing and loan participation - commercial mortgage loans	`RepaymentsOfOtherDebt`	$26.18M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$4.39M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$6.16M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividends`	$15.68M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividends`	$28.56M	USD	2 Qtrs
Net cash (used in)/provided by financing activities:	`NetCashProvidedByUsedInFinancingActivities`	$408.39M	USD	2 Qtrs
Net cash (used in)/provided by financing activities:	`NetCashProvidedByUsedInFinancingActivities`	$526.05M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-42.68M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-26.18M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$91.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$204.42M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$178.23M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$91.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$204.42M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$178.23M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	$340.00K	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$38.79M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$22.19M	USD	2 Qtrs
Payable to broker dealer for purchase of real estate securities	`TransferOfPortfolioLoansAndLeasesToHeldForSale1`	-	USD	2 Qtrs
Payable to broker dealer for purchase of real estate securities	`TransferOfPortfolioLoansAndLeasesToHeldForSale1`	$13.50M	USD	2 Qtrs
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$5.83M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.81M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$6.08M	USD	Point-in-time
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	$7.11M	USD	2 Qtrs
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	$6.88M	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$164.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$191.39M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$13.03M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$13.69M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.83M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$91.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$204.42M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$178.23M	USD	Point-in-time

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$771.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$618.12M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$733.23M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$600.17M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$610.34M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$751.07M	USD	Point-in-time
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	0.00	shares	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$19.41M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$13.72M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.19M	USD	1 Quarter
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$7.21M	USD	1 Quarter
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$7.83M	USD	1 Quarter
Common stock issued through distribution reinvestment plan	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$3.39M	USD	1 Quarter
Common stock issued through distribution reinvestment plan	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$3.54M	USD	1 Quarter
Common stock issued through distribution reinvestment plan	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$3.49M	USD	1 Quarter
Common stock issued through distribution reinvestment plan	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$3.57M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$38.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$39.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$39.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$42.00K	USD	1 Quarter
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts`	$-382.00K	USD	1 Quarter
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts`	$-529.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.40M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$12.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.42M	USD	2 Qtrs
Distributions declared	`Dividends`	$18.30M	USD	1 Quarter
Distributions declared	`Dividends`	$17.45M	USD	1 Quarter
Distributions declared	`Dividends`	$11.43M	USD	1 Quarter
Distributions declared	`Dividends`	$11.25M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-65.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-23.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$145.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Ending balance	`StockholdersEquity`	$771.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$618.12M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$733.23M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$600.17M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$610.34M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$751.07M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.40M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$12.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.42M	USD	2 Qtrs
Unrealized gain/(loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-23.00K	USD	1 Quarter
Unrealized gain/(loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-23.00K	USD	2 Qtrs
Unrealized gain/(loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-65.00K	USD	1 Quarter
Unrealized gain/(loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$80.00K	USD	2 Qtrs
Comprehensive income attributable to Benefit Street Partners Realty Trust, Inc.	`ComprehensiveIncomeNetOfTax`	$12.08M	USD	1 Quarter
Comprehensive income attributable to Benefit Street Partners Realty Trust, Inc.	`ComprehensiveIncomeNetOfTax`	$17.38M	USD	2 Qtrs
Comprehensive income attributable to Benefit Street Partners Realty Trust, Inc.	`ComprehensiveIncomeNetOfTax`	$14.46M	USD	1 Quarter
Comprehensive income attributable to Benefit Street Partners Realty Trust, Inc.	`ComprehensiveIncomeNetOfTax`	$34.50M	USD	2 Qtrs

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