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10-Q Filing

FRANKLIN BSP REALTY TRUST, INC. CIK: 1562528 Q3 2019
Filing Information
Form Type 10-Q
Accession Number 0001562528-19-000013
Period End Date 20190930
Filing Date 20191113
Fiscal Year 2019
Fiscal Period Q3
XBRL Instance bsprt-20190930.xml
Balance Sheet 91 line items
Line Item Tag Value Unit Period
Restricted cash RestrictedCashAndCashEquivalents $10.57M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $13.03M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $18.63M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $738.00K USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $4.84M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $1.47M 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 $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $34.10M USD Point-in-time
Preferred stock, par value per share (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $55.47M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 50.00M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $10.57M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $13.03M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $18.63M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 50.00M shares Point-in-time
Commercial mortgage loans, held for investment, net of allowance of $738 and $4,836 NotesReceivableNet $2.21B USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares 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 $738 and $4,836 NotesReceivableNet $2.50B USD Point-in-time
Commercial mortgage loans, held-for-sale, measured at fair value MortgagesHeldForSaleFairValueDisclosure $175.07M 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
Real estate securities, available for sale, measured at fair value AvailableForSaleSecuritiesDebtSecurities $232.25M USD 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
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
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 950.00M shares Point-in-time
Derivative instruments, measured at fair value DerivativeAssets $740.00K USD Point-in-time
Other real estate investments, measured at fair value RealEstateInvestmentsOther $2.56M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 39.30M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 43.02M shares Point-in-time
Other real estate investments, measured at fair value RealEstateInvestmentsOther - USD Point-in-time
Receivable for loan repayment LoansPledgedAsCollateral $73.68M USD Point-in-time
Receivable for loan repayment LoansPledgedAsCollateral $197.32M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 43.02M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 39.30M shares Point-in-time
Accrued interest receivable InterestReceivable $14.24M USD Point-in-time
Accrued interest receivable InterestReceivable $12.79M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $5.88M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $4.24M USD Point-in-time
Operating right of use asset OperatingLeaseRightOfUseAsset - USD Point-in-time
Operating right of use asset OperatingLeaseRightOfUseAsset $6.02M USD Point-in-time
Real estate owned RealEstateInvestments $8.11M USD Point-in-time
Real estate owned RealEstateInvestments - USD Point-in-time
Total assets Assets $2.61B USD Point-in-time
Total assets Assets $3.19B USD Point-in-time
Total assets Assets $2.61B USD Point-in-time
Collateralized loan obligations SecuredDebt $1.81B USD Point-in-time
Collateralized loan obligations SecuredDebt $1.51B USD Point-in-time
Other financing and loan participation - commercial mortgage loans OtherLongTermDebt - USD Point-in-time
Other financing and loan participation - commercial mortgage loans OtherLongTermDebt $9.90M USD Point-in-time
Derivative instruments, measured at fair value DerivativeLiabilities $1.32M USD Point-in-time
Derivative instruments, measured at fair value DerivativeLiabilities $2.17M USD Point-in-time
Interest payable InterestPayableCurrentAndNoncurrent $3.14M 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 $5.83M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $6.46M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $4.50M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $9.01M USD Point-in-time
Due to affiliates DueToAffiliateCurrentAndNoncurrent $3.23M USD Point-in-time
Due to affiliates DueToAffiliateCurrentAndNoncurrent $4.82M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $6.10M USD Point-in-time
Total liabilities Liabilities $2.20B USD Point-in-time
Total liabilities Liabilities $1.73B 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 September 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 September 30, 2019 and December 31, 2018 PreferredStockValue - USD Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 43,021,064 and 39,303,710 shares issued and outstanding as of September 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, 43,021,064 and 39,303,710 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively CommonStockValue $432.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $827.56M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $888.21M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-459.00K USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-751.00K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-94.27M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-89.37M USD Point-in-time
Total stockholders' equity StockholdersEquity $771.42M USD Point-in-time
Total stockholders' equity StockholdersEquity $702.35M 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 $751.07M USD Point-in-time
Total stockholders' equity StockholdersEquity $618.12M USD Point-in-time
Total stockholders' equity StockholdersEquity $798.52M USD Point-in-time
Total stockholders' equity StockholdersEquity $610.34M USD Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity LiabilitiesAndStockholdersEquity $3.19B USD Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity LiabilitiesAndStockholdersEquity $2.61B USD Point-in-time
Income Statement 105 line items
Line Item Tag Value Unit Period
Interest income InterestAndDividendIncomeOperating $106.48M USD 3 Qtrs
Interest income InterestAndDividendIncomeOperating $145.18M USD 3 Qtrs
Interest income InterestAndDividendIncomeOperating $42.94M USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $50.45M USD 1 Quarter
Interest expense InterestExpense $22.16M USD 1 Quarter
Interest expense InterestExpense $50.18M USD 3 Qtrs
Interest expense InterestExpense $17.12M USD 1 Quarter
Interest expense InterestExpense $68.39M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $56.30M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $25.82M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $76.79M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $28.29M USD 1 Quarter
Revenues Revenues $77.85M USD 3 Qtrs
Revenues Revenues $56.30M USD 3 Qtrs
Revenues Revenues $25.82M USD 1 Quarter
Revenues Revenues $29.35M USD 1 Quarter
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $180.00K USD 1 Quarter
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $173.00K USD 1 Quarter
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $698.00K USD 3 Qtrs
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $289.00K USD 3 Qtrs
Administrative services expenses GeneralAndAdministrativeExpense $4.56M USD 1 Quarter
Administrative services expenses GeneralAndAdministrativeExpense $12.08M USD 3 Qtrs
Administrative services expenses GeneralAndAdministrativeExpense $9.82M USD 3 Qtrs
Administrative services expenses GeneralAndAdministrativeExpense $3.50M USD 1 Quarter
Professional fees ProfessionalFees $8.09M USD 3 Qtrs
Professional fees ProfessionalFees $2.56M USD 1 Quarter
Professional fees ProfessionalFees $6.80M USD 3 Qtrs
Professional fees ProfessionalFees $3.43M USD 1 Quarter
Other expenses OtherGeneralExpense $2.47M USD 1 Quarter
Other expenses OtherGeneralExpense $4.20M USD 3 Qtrs
Other expenses OtherGeneralExpense $774.00K USD 1 Quarter
Other expenses OtherGeneralExpense $3.90M USD 3 Qtrs
Total expenses OperatingExpenses $28.04M USD 3 Qtrs
Total expenses OperatingExpenses $9.72M USD 1 Quarter
Total expenses OperatingExpenses $36.99M USD 3 Qtrs
Total expenses OperatingExpenses $15.11M USD 1 Quarter
Loan loss provision/(recovery) ProvisionForLoanAndLeaseLosses $-245.00K USD 1 Quarter
Loan loss provision/(recovery) ProvisionForLoanAndLeaseLosses $1.07M USD 1 Quarter
Loan loss provision/(recovery) ProvisionForLoanAndLeaseLosses $3.50M USD 3 Qtrs
Loan loss provision/(recovery) ProvisionForLoanAndLeaseLosses $2.82M USD 3 Qtrs
Loan loss provision/(recovery) ProvisionForLoanAndLeaseLosses $3.37M USD Annual
Revenue from real estate owned DebtAndEquitySecuritiesGainLoss $-107.00K USD 3 Qtrs
Revenue from real estate owned DebtAndEquitySecuritiesGainLoss - USD 1 Quarter
Revenue from real estate owned DebtAndEquitySecuritiesGainLoss $-107.00K USD 1 Quarter
Revenue from real estate owned DebtAndEquitySecuritiesGainLoss - USD 3 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan held-for-sale GainLossOnSaleOfMortgageLoans $-48.00K USD 3 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan held-for-sale GainLossOnSaleOfMortgageLoans $-20.00K USD 1 Quarter
Realized (gain)/loss on sale of commercial mortgage loan held-for-sale GainLossOnSaleOfMortgageLoans $-25.00K USD 3 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 $32.58M USD 3 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value GainLossOnSaleOfMortgageLoansFairValueDisclosure $9.77M USD 3 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value GainLossOnSaleOfMortgageLoansFairValueDisclosure $14.16M USD 1 Quarter
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value GainLossOnSaleOfMortgageLoansFairValueDisclosure $3.42M USD 1 Quarter
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure $-231.00K USD 1 Quarter
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure $393.00K USD 3 Qtrs
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure $161.00K USD 1 Quarter
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure $474.00K USD 3 Qtrs
Unrealized (gain)/loss on derivatives UnrealizedGainLossOnDerivatives $1.32M USD 3 Qtrs
Unrealized (gain)/loss on derivatives UnrealizedGainLossOnDerivatives $1.27M USD 1 Quarter
Unrealized (gain)/loss on derivatives UnrealizedGainLossOnDerivatives $4.39M USD 1 Quarter
Unrealized (gain)/loss on derivatives UnrealizedGainLossOnDerivatives $1.16M USD 3 Qtrs
Realized (gain)/loss on derivatives GainLossOnDerivativeInstrumentsNetPretax $-41.00K USD 1 Quarter
Realized (gain)/loss on derivatives GainLossOnDerivativeInstrumentsNetPretax $1.48M USD 3 Qtrs
Realized (gain)/loss on derivatives GainLossOnDerivativeInstrumentsNetPretax $-8.27M USD 3 Qtrs
Realized (gain)/loss on derivatives GainLossOnDerivativeInstrumentsNetPretax $-5.19M USD 1 Quarter
Total other (income)/loss IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $9.22M USD 3 Qtrs
Total other (income)/loss IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $3.23M USD 1 Quarter
Total other (income)/loss IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $23.17M USD 3 Qtrs
Total other (income)/loss IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $13.76M USD 1 Quarter
Income/(loss) before taxes IncomeLossAttributableToParent $37.48M USD 3 Qtrs
Income/(loss) before taxes IncomeLossAttributableToParent $28.01M USD 1 Quarter
Income/(loss) before taxes IncomeLossAttributableToParent $64.03M USD 3 Qtrs
Income/(loss) before taxes IncomeLossAttributableToParent $19.32M USD 1 Quarter
Provision/(benefit) for income tax IncomeTaxExpenseBenefit $325.00K USD 1 Quarter
Provision/(benefit) for income tax IncomeTaxExpenseBenefit $1.08M USD 3 Qtrs
Provision/(benefit) for income tax IncomeTaxExpenseBenefit $3.70M USD 3 Qtrs
Provision/(benefit) for income tax IncomeTaxExpenseBenefit $2.09M USD 1 Quarter
Net income NetIncomeLoss $25.91M USD 1 Quarter
Net income NetIncomeLoss $5.30M USD 1 Quarter
Net income NetIncomeLoss $14.53M USD 1 Quarter
Net income NetIncomeLoss $60.33M USD 3 Qtrs
Net income NetIncomeLoss $12.10M USD 1 Quarter
Net income NetIncomeLoss $36.40M USD 3 Qtrs
Net income NetIncomeLoss $19.89M USD 1 Quarter
Net income NetIncomeLoss $19.00M USD 1 Quarter
Net income applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $48.41M USD 3 Qtrs
Net income applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $20.46M USD 1 Quarter
Net income applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $35.13M USD 3 Qtrs
Net income applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $17.29M USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.07 USD 3 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.48 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.49 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.17 USD 3 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.49 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.48 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $1.17 USD 3 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $1.07 USD 3 Qtrs
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.47M shares 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 32.98M shares 3 Qtrs
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.80M shares 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 41.29M shares 3 Qtrs
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.48M shares 1 Quarter
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.81M shares 1 Quarter
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 41.30M shares 3 Qtrs
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 32.99M shares 3 Qtrs
Cash Flow Statement 124 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $25.91M USD 1 Quarter
Net income NetIncomeLoss $5.30M USD 1 Quarter
Net income NetIncomeLoss $14.53M USD 1 Quarter
Net income NetIncomeLoss $60.33M USD 3 Qtrs
Net income NetIncomeLoss $12.10M USD 1 Quarter
Net income NetIncomeLoss $36.40M USD 3 Qtrs
Net income NetIncomeLoss $19.89M USD 1 Quarter
Net income NetIncomeLoss $19.00M USD 1 Quarter
Premium amortization and (discount accretion), net AccretionAmortizationOfDiscountsAndPremiumsInvestments $3.46M USD 3 Qtrs
Premium amortization and (discount accretion), net AccretionAmortizationOfDiscountsAndPremiumsInvestments $4.76M USD 3 Qtrs
Accretion of deferred commitment fees AmortizationOfDeferredLoanOriginationFeesNet $1.40M USD 3 Qtrs
Accretion of deferred commitment fees AmortizationOfDeferredLoanOriginationFeesNet $2.22M USD 3 Qtrs
Amortization of deferred financing costs AmortizationOfFinancingCosts $10.79M USD 3 Qtrs
Amortization of deferred financing costs AmortizationOfFinancingCosts $8.41M USD 3 Qtrs
Share-based compensation ShareBasedCompensation $118.00K USD 3 Qtrs
Share-based compensation ShareBasedCompensation $117.00K USD 3 Qtrs
Unrealized (gain)/loss on commercial mortgage loans held-for-sale GainLossOnSaleOfLoansAndLeases $393.00K USD 3 Qtrs
Unrealized (gain)/loss on commercial mortgage loans held-for-sale GainLossOnSaleOfLoansAndLeases $474.00K USD 3 Qtrs
Unrealized (gain)/loss on derivative instruments ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 $1.16M USD 3 Qtrs
Unrealized (gain)/loss on derivative instruments ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 $1.32M USD 3 Qtrs
Loan loss (recovery)/provision ProvisionForLoanAndLeaseLosses $-245.00K USD 1 Quarter
Loan loss (recovery)/provision ProvisionForLoanAndLeaseLosses $1.07M USD 1 Quarter
Loan loss (recovery)/provision ProvisionForLoanAndLeaseLosses $3.50M USD 3 Qtrs
Loan loss (recovery)/provision ProvisionForLoanAndLeaseLosses $2.82M USD 3 Qtrs
Loan loss (recovery)/provision ProvisionForLoanAndLeaseLosses $3.37M USD Annual
Realized (gain)/loss on sale of real estate securities LossOnSaleOfSecuritiesNet - USD 3 Qtrs
Realized (gain)/loss on sale of real estate securities LossOnSaleOfSecuritiesNet $107.00K USD 3 Qtrs
Origination of commercial mortgage loans, held-for-sale PaymentsForOriginationOfMortgageLoansHeldForSale $749.42M USD 3 Qtrs
Origination of commercial mortgage loans, held-for-sale PaymentsForOriginationOfMortgageLoansHeldForSale $444.50M USD 3 Qtrs
Proceeds from sale of commercial mortgage loans, held-for-sale ProceedsFromCollectionOfMortgageLoansHeldForSale $367.55M USD 3 Qtrs
Proceeds from sale of commercial mortgage loans, held-for-sale ProceedsFromCollectionOfMortgageLoansHeldForSale $647.09M USD 3 Qtrs
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $2.05M USD 3 Qtrs
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $-768.00K USD 3 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.55M USD 3 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.47M USD 3 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $2.17M USD 3 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $4.52M USD 3 Qtrs
Due to affiliates IncreaseDecreaseInDueToAffiliates $-3.11M USD 3 Qtrs
Due to affiliates IncreaseDecreaseInDueToAffiliates $1.59M USD 3 Qtrs
Interest payable IncreaseDecreaseInInterestPayableNet $111.00K USD 3 Qtrs
Interest payable IncreaseDecreaseInInterestPayableNet $940.00K USD 3 Qtrs
Net cash (used in)/provided by operating activities NetCashProvidedByUsedInOperatingActivities $-37.13M USD 3 Qtrs
Net cash (used in)/provided by operating activities NetCashProvidedByUsedInOperatingActivities $-35.82M USD 3 Qtrs
Origination and purchase of commercial mortgage loans, held for investment PaymentsToAcquireLoansAndLeasesHeldForInvestment $892.41M USD 3 Qtrs
Origination and purchase of commercial mortgage loans, held for investment PaymentsToAcquireLoansAndLeasesHeldForInvestment $1.28B USD 3 Qtrs
Proceeds from sale of commercial mortgage loans, held for sale ProceedsFromSaleOfMortgageLoansHeldForSale - USD 3 Qtrs
Proceeds from sale of commercial mortgage loans, held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $2.22M USD 3 Qtrs
Principal repayments received on commercial mortgage loans, held for investment ProceedsFromCollectionOfLoansReceivable $556.47M USD 3 Qtrs
Principal repayments received on commercial mortgage loans, held for investment ProceedsFromCollectionOfLoansReceivable $482.40M USD 3 Qtrs
Purchase of other real estate investments PaymentsToAcquireOtherRealEstate $2.51M USD 3 Qtrs
Purchase of other real estate investments PaymentsToAcquireOtherRealEstate - USD 3 Qtrs
Purchase of real estate securities PaymentsToAcquireAvailableForSaleSecurities $39.51M USD 3 Qtrs
Purchase of real estate securities PaymentsToAcquireAvailableForSaleSecurities $206.71M USD 3 Qtrs
Principal repayments received on real estate securities ProceedsFromSecuritizationsOfConsumerLoans - USD 3 Qtrs
Principal repayments received on real estate securities ProceedsFromSecuritizationsOfConsumerLoans $541.00K USD 3 Qtrs
Purchase of derivative instruments PaymentsForDerivativeInstrumentInvestingActivities $520.00K USD 3 Qtrs
Purchase of derivative instruments PaymentsForDerivativeInstrumentInvestingActivities $3.22M USD 3 Qtrs
Proceeds from sale of real estate securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $12.46M USD 3 Qtrs
Proceeds from sale of real estate securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 3 Qtrs
Net cash (used in)/provided by investing activities NetCashProvidedByUsedInInvestingActivities $-747.87M USD 3 Qtrs
Net cash (used in)/provided by investing activities NetCashProvidedByUsedInInvestingActivities $-621.92M USD 3 Qtrs
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $96.84M USD 3 Qtrs
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $63.99M USD 3 Qtrs
Proceeds from issuances of redeemable convertible preferred stock ProceedsFromIssuanceOfConvertiblePreferredStock $96.08M USD 3 Qtrs
Proceeds from issuances of redeemable convertible preferred stock ProceedsFromIssuanceOfConvertiblePreferredStock $46.24M USD 3 Qtrs
Common stock repurchases PaymentsForRepurchaseOfCommonStock $13.81M USD 3 Qtrs
Common stock repurchases PaymentsForRepurchaseOfCommonStock $15.07M USD 3 Qtrs
Reimbursements/(payments) of offering costs and fees related to stock issuances PaymentsOfStockIssuanceCosts - USD 3 Qtrs
Reimbursements/(payments) of offering costs and fees related to stock issuances PaymentsOfStockIssuanceCosts $236.00K USD 3 Qtrs
Borrowings under collateralized loan obligation ProceedsFromIssuanceOfSecuredDebt $639.90M USD 3 Qtrs
Borrowings under collateralized loan obligation ProceedsFromIssuanceOfSecuredDebt $488.00M USD 3 Qtrs
Repayments of collateralized loan obligation RepaymentsOfSecuredDebt $331.66M USD 3 Qtrs
Repayments of collateralized loan obligation RepaymentsOfSecuredDebt $333.74M USD 3 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $866.58M USD 3 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $1.57B USD 3 Qtrs
Repayments of repurchase agreements - commercial mortgage loans PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $904.09M USD 3 Qtrs
Repayments of repurchase agreements - commercial mortgage loans PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $1.07B USD 3 Qtrs
Borrowings on repurchase agreements - real estate securities ProceedsFromSecuritiesPurchasedUnderAgreementsToResell $1.11B USD 3 Qtrs
Borrowings on repurchase agreements - real estate securities ProceedsFromSecuritiesPurchasedUnderAgreementsToResell $146.69M USD 3 Qtrs
Repayments of repurchase agreements - real estate securities PaymentsForSecuritiesPurchasedUnderAgreementsToResell $912.94M USD 3 Qtrs
Repayments of repurchase agreements - real estate securities PaymentsForSecuritiesPurchasedUnderAgreementsToResell $163.45M USD 3 Qtrs
Repayments on other financing and loan participation - commercial mortgage loans RepaymentsOfOtherDebt $10.00M USD 3 Qtrs
Repayments on other financing and loan participation - commercial mortgage loans RepaymentsOfOtherDebt $26.18M USD 3 Qtrs
Payments of deferred financing costs PaymentsOfFinancingCosts $6.23M USD 3 Qtrs
Payments of deferred financing costs PaymentsOfFinancingCosts $4.39M USD 3 Qtrs
Distributions paid PaymentsOfDividends $44.39M USD 3 Qtrs
Distributions paid PaymentsOfDividends $25.12M USD 3 Qtrs
Net cash (used in)/provided by financing activities: NetCashProvidedByUsedInFinancingActivities $759.33M USD 3 Qtrs
Net cash (used in)/provided by financing activities: NetCashProvidedByUsedInFinancingActivities $506.05M USD 3 Qtrs
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-151.69M USD 3 Qtrs
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-25.67M USD 3 Qtrs
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $66.04M USD Point-in-time
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 $52.73M 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, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $66.04M 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 $52.73M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $204.42M USD Point-in-time
Taxes paid IncomeTaxesPaidNet $340.00K USD 3 Qtrs
Taxes paid IncomeTaxesPaidNet - USD 3 Qtrs
Interest paid InterestPaidNet $38.45M USD 3 Qtrs
Interest paid InterestPaidNet $59.88M USD 3 Qtrs
Cash paid for amounts included in the measurement of operating lease liabilities CashPaidForAmountsIncludedInTheMeasurementOfLeaseLiabilities $33.00K USD 3 Qtrs
Distributions payable DividendsPayableCurrentAndNoncurrent $5.83M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $5.83M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $6.46M USD Point-in-time
Common stock issued through distribution reinvestment plan CommonStockIssuedDividendReinvestmentInvestmentPlan $10.39M USD 3 Qtrs
Common stock issued through distribution reinvestment plan CommonStockIssuedDividendReinvestmentInvestmentPlan $10.60M USD 3 Qtrs
Commercial mortgage loans transferred from held for sale to held for investment TransferToInvestments $4.47M USD 3 Qtrs
Commercial mortgage loans transferred from held for sale to held for investment TransferToInvestments - USD 3 Qtrs
Real estate owned received in lieu of foreclosure TransferToOtherRealEstate $8.11M USD 3 Qtrs
Real estate owned received in lieu of foreclosure TransferToOtherRealEstate - USD 3 Qtrs
Recognition of right-of-use asset and related lease liability RecognitionOfRightofUseAssetAndRelatedLeaseLiability $6.11M USD 3 Qtrs
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $191.39M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $34.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $55.47M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $10.57M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $13.03M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $18.63M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $66.04M 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 $52.73M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $204.42M USD Point-in-time
Stockholders Equity 66 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $771.42M USD Point-in-time
Beginning balance StockholdersEquity $702.35M 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 $751.07M USD Point-in-time
Beginning balance StockholdersEquity $618.12M USD Point-in-time
Beginning balance StockholdersEquity $798.52M USD Point-in-time
Beginning balance StockholdersEquity $610.34M USD Point-in-time
Issuance of common stock (in shares) StockIssuedDuringPeriodSharesNewIssues 0.00 shares 1 Quarter
Issuance of common stock (in shares) StockIssuedDuringPeriodSharesNewIssues 5.05M shares 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $21.19M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $83.12M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $24.48M USD 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
Common stock repurchases StockRepurchasedDuringPeriodValue - USD 1 Quarter
Common stock repurchases StockRepurchasedDuringPeriodValue $7.25M USD 1 Quarter
Common stock repurchases StockRepurchasedDuringPeriodValue $7.83M USD 1 Quarter
Common stock repurchases StockRepurchasedDuringPeriodValue - USD 1 Quarter
Common stock repurchases StockRepurchasedDuringPeriodValue $6.61M USD 1 Quarter
Common stock repurchases StockRepurchasedDuringPeriodValue $7.21M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.49M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.49M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.57M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.54M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.39M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.52M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $42.00K USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $39.00K 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 $38.00K USD 1 Quarter
Offering costs AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts $-529.00K USD 1 Quarter
Offering costs AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts $-236.00K USD 1 Quarter
Offering costs AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts $-187.00K USD 1 Quarter
Offering costs AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts $-382.00K USD 1 Quarter
Net income NetIncomeLoss $25.91M USD 1 Quarter
Net income NetIncomeLoss $5.30M USD 1 Quarter
Net income NetIncomeLoss $14.53M USD 1 Quarter
Net income NetIncomeLoss $60.33M USD 3 Qtrs
Net income NetIncomeLoss $12.10M USD 1 Quarter
Net income NetIncomeLoss $36.40M USD 3 Qtrs
Net income NetIncomeLoss $19.89M USD 1 Quarter
Net income NetIncomeLoss $19.00M USD 1 Quarter
Distributions declared Dividends $17.45M USD 1 Quarter
Distributions declared Dividends $14.12M USD 1 Quarter
Distributions declared Dividends $11.43M USD 1 Quarter
Distributions declared Dividends $19.68M USD 1 Quarter
Distributions declared Dividends $11.25M USD 1 Quarter
Distributions declared Dividends $18.30M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $194.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $-372.00K 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 $702.35M 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 $751.07M USD Point-in-time
Ending balance StockholdersEquity $618.12M USD Point-in-time
Ending balance StockholdersEquity $798.52M USD Point-in-time
Ending balance StockholdersEquity $610.34M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $25.91M USD 1 Quarter
Net income NetIncomeLoss $5.30M USD 1 Quarter
Net income NetIncomeLoss $14.53M USD 1 Quarter
Net income NetIncomeLoss $60.33M USD 3 Qtrs
Net income NetIncomeLoss $12.10M USD 1 Quarter
Net income NetIncomeLoss $36.40M USD 3 Qtrs
Net income NetIncomeLoss $19.89M USD 1 Quarter
Net income NetIncomeLoss $19.00M USD 1 Quarter
Unrealized gain/(loss) on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-372.00K USD 1 Quarter
Unrealized gain/(loss) on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $194.00K USD 1 Quarter
Unrealized gain/(loss) on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $171.00K USD 3 Qtrs
Unrealized gain/(loss) on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-292.00K USD 3 Qtrs
Comprehensive income attributable to Benefit Street Partners Realty Trust, Inc. ComprehensiveIncomeNetOfTax $60.04M USD 3 Qtrs
Comprehensive income attributable to Benefit Street Partners Realty Trust, Inc. ComprehensiveIncomeNetOfTax $36.57M USD 3 Qtrs
Comprehensive income attributable to Benefit Street Partners Realty Trust, Inc. ComprehensiveIncomeNetOfTax $19.19M USD 1 Quarter
Comprehensive income attributable to Benefit Street Partners Realty Trust, Inc. ComprehensiveIncomeNetOfTax $25.54M USD 1 Quarter

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

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