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10-Q Filing

FRANKLIN BSP REALTY TRUST, INC. CIK: 1562528 Q2 2020
Filing Information
Form Type 10-Q
Accession Number 0001562528-20-000027
Period End Date 20200630
Filing Date 20200814
Fiscal Year 2020
Fiscal Period Q2
XBRL Instance bsprt-20200630.xml
Balance Sheet 97 line items
Line Item Tag Value Unit Period
Restricted cash RestrictedCashAndCashEquivalents $21.88M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $13.69M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $15.48M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $921.00K USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $26.24M 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 $164.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $87.25M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $111.63M 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 (in shares) PreferredStockSharesAuthorized 50.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 50.00M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $21.88M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $13.69M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $15.48M USD Point-in-time
Commercial mortgage loans, held for investment, net of allowance of $26,244 and $921 as of June 30, 2020 and December 31, 2019, respectively NotesReceivableNet $2.47B 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 $26,244 and $921 as of June 30, 2020 and December 31, 2019, respectively NotesReceivableNet $2.76B USD Point-in-time
Commercial mortgage loans, held-for-sale, measured at fair value MortgagesHeldForSaleFairValueDisclosure $69.88M USD 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 $112.56M USD 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, amortized cost of $436,878 and $387,294 as of June 30, 2020 and December 31, 2019, respectively AvailableForSaleSecuritiesDebtSecurities $386.32M 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, amortized cost of $436,878 and $387,294 as of June 30, 2020 and December 31, 2019, respectively AvailableForSaleSecuritiesDebtSecurities $408.61M USD Point-in-time
Derivative instruments, measured at fair value DerivativeAssets $1.12M USD Point-in-time
Derivative instruments, measured at fair value DerivativeAssets $133.00K USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 950.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 950.00M shares Point-in-time
Other real estate investments, measured at fair value OtherRealEstateInvestmentsatFairValue $2.56M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 44.40M shares Point-in-time
Other real estate investments, measured at fair value OtherRealEstateInvestmentsatFairValue $2.51M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 43.92M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 44.40M shares Point-in-time
Receivable for loan repayment LoansPledgedAsCollateral $89.32M USD Point-in-time
Receivable for loan repayment LoansPledgedAsCollateral $173.47M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 43.92M shares Point-in-time
Accrued interest receivable InterestReceivable $16.31M USD Point-in-time
Accrued interest receivable InterestReceivable $15.31M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $4.85M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $5.32M USD Point-in-time
Intangible lease asset, net of amortization FinanceLeaseRightOfUseAsset $13.96M USD Point-in-time
Intangible lease asset, net of amortization FinanceLeaseRightOfUseAsset $14.38M USD Point-in-time
Operating right of use asset, net of amortization OperatingLeaseRightOfUseAsset $5.98M USD Point-in-time
Operating right of use asset, net of amortization OperatingLeaseRightOfUseAsset $5.83M USD Point-in-time
Real estate owned, net of depreciation RealEstateAcquiredThroughForeclosure $35.76M USD Point-in-time
Real estate owned, net of depreciation RealEstateAcquiredThroughForeclosure $35.33M USD Point-in-time
Real estate owned, held-for-sale RealEstateHeldforsale - USD Point-in-time
Real estate owned, held-for-sale RealEstateHeldforsale $14.00M USD Point-in-time
Receivable for unsettled trades ReceivablesForUnsettledTrades - USD Point-in-time
Receivable for unsettled trades ReceivablesForUnsettledTrades $266.00K USD Point-in-time
Total assets Assets $3.54B USD Point-in-time
Total assets Assets $3.54B USD Point-in-time
Total assets Assets $3.34B USD Point-in-time
Collateralized loan obligations SecuredDebt $1.80B USD Point-in-time
Collateralized loan obligations SecuredDebt $1.70B USD Point-in-time
Mortgage note payable NotesPayable $40.24M USD Point-in-time
Mortgage note payable NotesPayable $29.17M USD Point-in-time
Derivative instruments, measured at fair value DerivativeLiabilities $4.59M USD Point-in-time
Derivative instruments, measured at fair value DerivativeLiabilities $1.58M USD Point-in-time
Interest payable InterestPayableCurrentAndNoncurrent $4.96M USD Point-in-time
Interest payable InterestPayableCurrentAndNoncurrent $3.57M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $15.57M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $6.91M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $6.08M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $10.93M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $19.63M USD Point-in-time
Due to affiliates DueToAffiliateCurrentAndNoncurrent $9.54M USD Point-in-time
Due to affiliates DueToAffiliateCurrentAndNoncurrent $4.79M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $6.22M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $6.14M USD Point-in-time
Deferred rent revenue ContractWithCustomerLiability $150.00K USD Point-in-time
Deferred rent revenue ContractWithCustomerLiability - USD Point-in-time
Total liabilities Liabilities $2.38B USD Point-in-time
Total liabilities Liabilities $2.51B USD Point-in-time
Commitment and contingencies (See Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitment and contingencies (See Note 10) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of June 30, 2020 and December 31, 2019 PreferredStockValue - USD Point-in-time
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of June 30, 2020 and December 31, 2019 PreferredStockValue - USD Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 44,395,816 and 43,916,815 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively CommonStockValue $441.00K USD Point-in-time
Common stock, $0.01 par value, 949,999,000 shares authorized, 44,395,816 and 43,916,815 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively CommonStockValue $445.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $910.71M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $903.31M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-978.00K USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-28.27M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-129.29M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-85.97M USD Point-in-time
Total stockholders' equity StockholdersEquity $751.07M USD Point-in-time
Total stockholders' equity StockholdersEquity $816.80M USD Point-in-time
Total stockholders' equity StockholdersEquity $733.23M USD Point-in-time
Total stockholders' equity StockholdersEquity $771.42M USD Point-in-time
Total stockholders' equity StockholdersEquity $753.60M USD Point-in-time
Total stockholders' equity StockholdersEquity $721.26M USD Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity LiabilitiesAndStockholdersEquity $3.54B USD Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity LiabilitiesAndStockholdersEquity $3.34B USD Point-in-time
Income Statement 118 line items
Line Item Tag Value Unit Period
Interest income InterestAndDividendIncomeOperating $43.24M USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $91.09M USD 2 Qtrs
Interest income InterestAndDividendIncomeOperating $94.74M USD 2 Qtrs
Interest income InterestAndDividendIncomeOperating $48.23M USD 1 Quarter
Interest expense InterestExpenseDeposits $46.23M USD 2 Qtrs
Interest expense InterestExpenseDeposits $15.13M USD 1 Quarter
Interest expense InterestExpenseDeposits $25.87M USD 1 Quarter
Interest expense InterestExpenseDeposits $39.63M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $51.47M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $22.36M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $48.50M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $28.11M USD 1 Quarter
Revenues Revenues $28.93M USD 1 Quarter
Revenues Revenues $53.92M USD 2 Qtrs
Revenues Revenues $22.36M USD 1 Quarter
Revenues Revenues $48.50M USD 2 Qtrs
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $518.00K USD 2 Qtrs
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $175.00K USD 1 Quarter
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $270.00K USD 1 Quarter
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $317.00K USD 2 Qtrs
Administrative services expenses GeneralAndAdministrativeExpense $2.94M USD 1 Quarter
Administrative services expenses GeneralAndAdministrativeExpense $7.52M USD 2 Qtrs
Administrative services expenses GeneralAndAdministrativeExpense $3.56M USD 1 Quarter
Administrative services expenses GeneralAndAdministrativeExpense $7.05M USD 2 Qtrs
Professional fees ProfessionalFees $4.66M USD 2 Qtrs
Professional fees ProfessionalFees $3.22M USD 1 Quarter
Professional fees ProfessionalFees $6.01M USD 2 Qtrs
Professional fees ProfessionalFees $2.57M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization - USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $1.17M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $586.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization - USD 1 Quarter
Other expenses OtherGeneralExpense $1.05M USD 1 Quarter
Other expenses OtherGeneralExpense $1.73M USD 2 Qtrs
Other expenses OtherGeneralExpense $836.00K USD 1 Quarter
Other expenses OtherGeneralExpense $2.64M USD 2 Qtrs
Operating expenses OperatingExpenses $27.58M USD 2 Qtrs
Operating expenses OperatingExpenses $21.88M USD 2 Qtrs
Operating expenses OperatingExpenses $12.81M USD 1 Quarter
Operating expenses OperatingExpenses $11.04M USD 1 Quarter
Increase/(decrease) for credit losses ProvisionForLoanLossesExpensed $3.07M USD 2 Qtrs
Increase/(decrease) for credit losses ProvisionForLoanLossesExpensed $573.00K USD 1 Quarter
Increase/(decrease) for credit losses ProvisionForLoanLossesExpensed $4.04M USD 1 Quarter
Increase/(decrease) for credit losses ProvisionForLoanLossesExpensed $18.64M USD 2 Qtrs
Impairment losses on real estate owned assets ImpairmentofOtherRealEstateOwned - USD 1 Quarter
Impairment losses on real estate owned assets ImpairmentofOtherRealEstateOwned - USD 1 Quarter
Impairment losses on real estate owned assets ImpairmentofOtherRealEstateOwned $398.00K USD 2 Qtrs
Impairment losses on real estate owned assets ImpairmentofOtherRealEstateOwned - USD 2 Qtrs
Realized (gain)/loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $438.00K USD 1 Quarter
Realized (gain)/loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $438.00K USD 2 Qtrs
Realized (gain)/loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Realized (gain)/loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 2 Qtrs
Realized (gain)/loss on sale of real estate securities DebtAndEquitySecuritiesGainLoss $-5.75M USD 2 Qtrs
Realized (gain)/loss on sale of real estate securities DebtAndEquitySecuritiesGainLoss - USD 2 Qtrs
Realized (gain)/loss on sale of real estate securities DebtAndEquitySecuritiesGainLoss $-5.31M USD 1 Quarter
Realized (gain)/loss on sale of real estate securities DebtAndEquitySecuritiesGainLoss - USD 1 Quarter
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 $252.00K USD 2 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan held-for-sale GainLossOnSaleOfMortgageLoans $252.00K USD 1 Quarter
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 $9.17M USD 2 Qtrs
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value GainLossOnSaleOfMortgageLoansFairValueDisclosure $-238.00K 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
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value GainLossOnSaleOfMortgageLoansFairValueDisclosure $7.24M 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 commercial mortgage loans, held-for-sale, measured at fair value UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure $1.59M USD 1 Quarter
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure $-339.00K 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 other real estate investments, measured at fair value UnrealizedGainLossOnOtherRealEstateOwnedFairValueDisclosure - USD 1 Quarter
Unrealized (gain)/loss on other real estate investments, measured at fair value UnrealizedGainLossOnOtherRealEstateOwnedFairValueDisclosure $18.00K USD 1 Quarter
Unrealized (gain)/loss on other real estate investments, measured at fair value UnrealizedGainLossOnOtherRealEstateOwnedFairValueDisclosure - USD 2 Qtrs
Unrealized (gain)/loss on other real estate investments, measured at fair value UnrealizedGainLossOnOtherRealEstateOwnedFairValueDisclosure $-43.00K USD 2 Qtrs
Unrealized (gain)/loss on derivatives UnrealizedGainLossOnDerivatives $-99.00K USD 1 Quarter
Unrealized (gain)/loss on derivatives UnrealizedGainLossOnDerivatives $-4.93M USD 2 Qtrs
Unrealized (gain)/loss on derivatives UnrealizedGainLossOnDerivatives $-3.07M USD 2 Qtrs
Unrealized (gain)/loss on derivatives UnrealizedGainLossOnDerivatives $-2.00M USD 1 Quarter
Realized (gain)/loss on derivatives GainLossOnDerivativeInstrumentsNetPretax $-3.08M USD 2 Qtrs
Realized (gain)/loss on derivatives GainLossOnDerivativeInstrumentsNetPretax $-1.66M USD 1 Quarter
Realized (gain)/loss on derivatives GainLossOnDerivativeInstrumentsNetPretax $-8.33M USD 2 Qtrs
Realized (gain)/loss on derivatives GainLossOnDerivativeInstrumentsNetPretax $-1.63M USD 1 Quarter
Total other (income)/loss IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $28.57M USD 2 Qtrs
Total other (income)/loss IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-3.60M USD 1 Quarter
Total other (income)/loss IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $9.04M USD 1 Quarter
Total other (income)/loss IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-9.40M USD 2 Qtrs
Income/(loss) before taxes IncomeLossAttributableToParent $36.02M USD 2 Qtrs
Income/(loss) before taxes IncomeLossAttributableToParent $14.92M USD 1 Quarter
Income/(loss) before taxes IncomeLossAttributableToParent $7.08M USD 1 Quarter
Income/(loss) before taxes IncomeLossAttributableToParent $-2.23M USD 2 Qtrs
Provision/(benefit) for income tax IncomeTaxExpenseBenefit $1.61M USD 2 Qtrs
Provision/(benefit) for income tax IncomeTaxExpenseBenefit $397.00K USD 1 Quarter
Provision/(benefit) for income tax IncomeTaxExpenseBenefit $-736.00K USD 1 Quarter
Provision/(benefit) for income tax IncomeTaxExpenseBenefit $-2.64M USD 2 Qtrs
Income/(loss) before taxes NetIncomeLoss $414.00K USD 2 Qtrs
Income/(loss) before taxes NetIncomeLoss $-7.40M USD 1 Quarter
Income/(loss) before taxes NetIncomeLoss $14.53M USD 1 Quarter
Income/(loss) before taxes NetIncomeLoss $7.81M USD 1 Quarter
Income/(loss) before taxes NetIncomeLoss $34.42M USD 2 Qtrs
Income/(loss) before taxes NetIncomeLoss $19.89M USD 1 Quarter
Net income/(loss) applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $11.04M USD 1 Quarter
Net income/(loss) applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $27.61M USD 2 Qtrs
Net income/(loss) applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $-7.56M USD 2 Qtrs
Net income/(loss) applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $4.36M USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $-0.17 USD 2 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.68 USD 2 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.27 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.10 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.68 USD 2 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.27 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $-0.17 USD 2 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.10 USD 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 41.23M shares 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.38M shares 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.32M shares 2 Qtrs
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 40.52M shares 2 Qtrs
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 44.32M shares 2 Qtrs
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 44.39M shares 1 Quarter
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 129 line items
Line Item Tag Value Unit Period
Net income/(loss) NetIncomeLoss $414.00K USD 2 Qtrs
Net income/(loss) NetIncomeLoss $-7.40M USD 1 Quarter
Net income/(loss) NetIncomeLoss $14.53M USD 1 Quarter
Net income/(loss) NetIncomeLoss $7.81M USD 1 Quarter
Net income/(loss) NetIncomeLoss $34.42M USD 2 Qtrs
Net income/(loss) NetIncomeLoss $19.89M USD 1 Quarter
Premium amortization and (discount accretion), net AccretionAmortizationOfDiscountsAndPremiumsInvestments $3.19M USD 2 Qtrs
Premium amortization and (discount accretion), net AccretionAmortizationOfDiscountsAndPremiumsInvestments $3.04M USD 2 Qtrs
Accretion of deferred commitment fees AmortizationOfDeferredLoanOriginationFeesNet $1.28M USD 2 Qtrs
Accretion of deferred commitment fees AmortizationOfDeferredLoanOriginationFeesNet $2.66M USD 2 Qtrs
Amortization of deferred financing costs AmortizationOfFinancingCosts $7.07M USD 2 Qtrs
Amortization of deferred financing costs AmortizationOfFinancingCosts $6.94M USD 2 Qtrs
Share-based compensation ShareBasedCompensation $96.00K USD 2 Qtrs
Share-based compensation ShareBasedCompensation $78.00K USD 2 Qtrs
Realized (gain)/loss on sale of real estate securities LossOnSaleOfSecuritiesNet - USD 2 Qtrs
Realized (gain)/loss on sale of real estate securities LossOnSaleOfSecuritiesNet $5.75M 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 $-339.00K USD 2 Qtrs
Unrealized (gain)/loss on derivative instruments ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 $-4.93M USD 2 Qtrs
Unrealized (gain)/loss on derivative instruments ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 $-3.07M USD 2 Qtrs
Unrealized losses on other real estate investments ChangeinUnrealizedGainLossonOtherRealEstateOwned $-43.00K USD 2 Qtrs
Unrealized losses on other real estate investments ChangeinUnrealizedGainLossonOtherRealEstateOwned - USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization - USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $1.17M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $586.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization - USD 1 Quarter
Recognition of deferred rent revenue ContractWithCustomerLiabilityRevenueRecognized $150.00K USD 2 Qtrs
Recognition of deferred rent revenue ContractWithCustomerLiabilityRevenueRecognized - USD 2 Qtrs
Increase/(decrease) for credit losses ProvisionForLoanLossesExpensed $3.07M USD 2 Qtrs
Increase/(decrease) for credit losses ProvisionForLoanLossesExpensed $573.00K USD 1 Quarter
Increase/(decrease) for credit losses ProvisionForLoanLossesExpensed $4.04M USD 1 Quarter
Increase/(decrease) for credit losses ProvisionForLoanLossesExpensed $18.64M USD 2 Qtrs
Impairment losses on real estate owned assets AssetImpairmentCharges - USD 2 Qtrs
Impairment losses on real estate owned assets AssetImpairmentCharges $398.00K USD 2 Qtrs
Origination of commercial mortgage loans, held-for-sale PaymentsForOriginationOfMortgageLoansHeldForSale $119.45M 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 $148.02M USD 2 Qtrs
Proceeds from sale of commercial mortgage loans, held-for-sale ProceedsFromCollectionOfMortgageLoansHeldForSale $297.27M USD 2 Qtrs
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $462.00K USD 2 Qtrs
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $-3.66M USD 2 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.10M USD 2 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.42M USD 2 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $8.06M 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 $4.83M USD 2 Qtrs
Interest payable IncreaseDecreaseInInterestPayableNet $-1.39M USD 2 Qtrs
Interest payable IncreaseDecreaseInInterestPayableNet $370.00K USD 2 Qtrs
Net cash (used in)/provided by operating activities NetCashProvidedByUsedInOperatingActivities $75.18M USD 2 Qtrs
Net cash (used in)/provided by operating activities NetCashProvidedByUsedInOperatingActivities $16.35M USD 2 Qtrs
Origination and purchase of commercial mortgage loans, held for investment PaymentsToAcquireLoansAndLeasesHeldForInvestment $417.22M 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 $603.59M 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 owned and capital expenditures PaymentstoAcquireRealEstateOwnedandCapitalImprovements - USD 2 Qtrs
Purchase of real estate owned and capital expenditures PaymentstoAcquireRealEstateOwnedandCapitalImprovements $1.33M USD 2 Qtrs
Purchase of real estate securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $107.53M USD 2 Qtrs
Purchase of real estate securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $134.82M USD 2 Qtrs
Proceeds from sale of real estate securities ProceedsFromSecuritizationsOfConsumerLoans $79.40M USD 2 Qtrs
Proceeds from sale of real estate securities ProceedsFromSecuritizationsOfConsumerLoans $249.00K USD 2 Qtrs
Purchase of derivative instruments PaymentsForDerivativeInstrumentInvestingActivities $697.00K USD 2 Qtrs
Purchase of derivative instruments PaymentsForDerivativeInstrumentInvestingActivities $829.00K USD 2 Qtrs
Net cash (used in)/provided by investing activities NetCashProvidedByUsedInInvestingActivities $128.93M USD 2 Qtrs
Net cash (used in)/provided by investing activities NetCashProvidedByUsedInInvestingActivities $-450.93M USD 2 Qtrs
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $10.89M USD 2 Qtrs
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $40.60M 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 $70.00K USD 2 Qtrs
Common stock repurchases PaymentsForRepurchaseOfCommonStock $6.91M USD 2 Qtrs
Common stock repurchases PaymentsForRepurchaseOfCommonStock $7.21M USD 2 Qtrs
Borrowings under collateralized loan obligation ProceedsFromIssuanceOfSecuredDebt - USD 2 Qtrs
Borrowings under collateralized loan obligation ProceedsFromIssuanceOfSecuredDebt $639.90M USD 2 Qtrs
Repayments of collateralized loan obligation RepaymentsOfSecuredDebt $260.83M USD 2 Qtrs
Repayments of collateralized loan obligation RepaymentsOfSecuredDebt $110.46M USD 2 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $171.99M USD 2 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans ProceedsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $728.43M USD 2 Qtrs
Repayments of repurchase agreements - commercial mortgage loans PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $745.00M USD 2 Qtrs
Repayments of repurchase agreements - commercial mortgage loans PaymentsfromSecuritiesPurchasedunderAgreementstoResellLoansReceivable $198.31M USD 2 Qtrs
Borrowings on repurchase agreements - real estate securities ProceedsfromRealEstateSecurityRepurchaseAgreements $493.54M USD 2 Qtrs
Borrowings on repurchase agreements - real estate securities ProceedsfromRealEstateSecurityRepurchaseAgreements $585.50M USD 2 Qtrs
Repayments of repurchase agreements - real estate securities PaymentsforRealEstateSecurityRepurchaseAgreements $644.61M USD 2 Qtrs
Repayments of repurchase agreements - real estate securities PaymentsforRealEstateSecurityRepurchaseAgreements $453.06M USD 2 Qtrs
Borrowing on other financing and loan participation - commercial mortgage loans ProceedsFromOtherDebt $18.77M USD 2 Qtrs
Borrowing on other financing and loan participation - commercial mortgage loans ProceedsFromOtherDebt - USD 2 Qtrs
Repayments on other financing and loan participation - commercial mortgage loans RepaymentsOfOtherDebt - USD 2 Qtrs
Repayments on other financing and loan participation - commercial mortgage loans RepaymentsOfOtherDebt $10.00M USD 2 Qtrs
Borrowing on mortgage note payable ProceedsFromNotesPayable $11.07M USD 2 Qtrs
Borrowing on mortgage note payable ProceedsFromNotesPayable - USD 2 Qtrs
Payments of deferred financing costs PaymentsOfFinancingCosts $4.39M USD 2 Qtrs
Payments of deferred financing costs PaymentsOfFinancingCosts $359.00K USD 2 Qtrs
Distributions paid PaymentsOfDividends $23.77M 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 $-186.12M USD 2 Qtrs
Repayments on other financing and loan participation - commercial mortgage loans CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $17.99M USD 2 Qtrs
Repayments on other financing and loan participation - commercial mortgage loans CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-26.18M USD 2 Qtrs
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 $127.11M 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, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $109.12M 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 $127.11M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $178.23M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $109.12M USD Point-in-time
Taxes paid IncomeTaxesPaidNet - USD 2 Qtrs
Taxes paid IncomeTaxesPaidNet - USD 2 Qtrs
Interest paid InterestPaidNet $38.79M USD 2 Qtrs
Interest paid InterestPaidNet $34.08M USD 2 Qtrs
Distributions payable DividendsPayableCurrentAndNoncurrent $15.57M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $6.91M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $6.08M USD Point-in-time
Common stock issued through distribution reinvestment plan CommonStockIssuedDividendReinvestmentInvestmentPlan $3.49M USD 2 Qtrs
Common stock issued through distribution reinvestment plan CommonStockIssuedDividendReinvestmentInvestmentPlan $6.88M USD 2 Qtrs
Commercial mortgage loans transferred from held for sale to held for investment TransferToInvestments $23.39M USD 2 Qtrs
Commercial mortgage loans transferred from held for sale to held for investment TransferToInvestments - USD 2 Qtrs
Real estate owned received in foreclosure TransferToOtherRealEstate $14.00M USD 2 Qtrs
Real estate owned received in foreclosure TransferToOtherRealEstate - USD 2 Qtrs
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $164.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $87.25M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $111.63M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $21.88M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $13.69M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $15.48M 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 $127.11M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $178.23M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $109.12M USD Point-in-time
Stockholders Equity 48 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $751.07M USD Point-in-time
Beginning balance StockholdersEquity $816.80M USD Point-in-time
Beginning balance StockholdersEquity $733.23M USD Point-in-time
Beginning balance StockholdersEquity $771.42M USD Point-in-time
Beginning balance StockholdersEquity $753.60M USD Point-in-time
Beginning balance StockholdersEquity $721.26M USD Point-in-time
Issuance of common stock (in shares) StockIssuedDuringPeriodSharesNewIssues 1.16M shares 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $10.86M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $25.00K USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $21.19M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $19.41M USD 1 Quarter
Common stock repurchases StockRepurchasedDuringPeriodValue $7.21M USD 1 Quarter
Common stock repurchases StockRepurchasedDuringPeriodValue $192.00K USD 1 Quarter
Common stock repurchases StockRepurchasedDuringPeriodValue $6.71M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.55M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.49M USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $-57.00K USD 1 Quarter
Common stock issued through distribution reinvestment plan StockIssuedDuringPeriodValueDividendReinvestmentPlan $3.39M USD 1 Quarter
Share-based compensation (in shares) StockIssuedDuringPeriodSharesShareBasedCompensation 6,400.00 shares 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $57.00K 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 $39.00K USD 1 Quarter
Offering costs AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts $-382.00K USD 1 Quarter
Offering costs AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts $-32.00K USD 1 Quarter
Offering costs AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts $-529.00K USD 1 Quarter
Offering costs AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts $-136.00K USD 1 Quarter
Net income/(loss) NetIncomeLoss $414.00K USD 2 Qtrs
Net income/(loss) NetIncomeLoss $-7.40M USD 1 Quarter
Net income/(loss) NetIncomeLoss $14.53M USD 1 Quarter
Net income/(loss) NetIncomeLoss $7.81M USD 1 Quarter
Net income/(loss) NetIncomeLoss $34.42M USD 2 Qtrs
Net income/(loss) NetIncomeLoss $19.89M USD 1 Quarter
Distributions declared Dividends $20.37M USD 1 Quarter
Distributions declared Dividends $17.45M USD 1 Quarter
Distributions declared Dividends $15.60M USD 1 Quarter
Distributions declared Dividends $18.30M USD 1 Quarter
Cumulative-effect adjustment upon adoption of ASU 2016-13 (Note 2) CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $-7.76M USD Point-in-time
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTax $-67.61M USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTax $-65.00K USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTax $145.00K USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTax $40.32M USD 1 Quarter
Ending balance StockholdersEquity $751.07M USD Point-in-time
Ending balance StockholdersEquity $816.80M USD Point-in-time
Ending balance StockholdersEquity $733.23M USD Point-in-time
Ending balance StockholdersEquity $771.42M USD Point-in-time
Ending balance StockholdersEquity $753.60M USD Point-in-time
Ending balance StockholdersEquity $721.26M USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income/(loss) NetIncomeLoss $414.00K USD 2 Qtrs
Net income/(loss) NetIncomeLoss $-7.40M USD 1 Quarter
Net income/(loss) NetIncomeLoss $14.53M USD 1 Quarter
Net income/(loss) NetIncomeLoss $7.81M USD 1 Quarter
Net income/(loss) NetIncomeLoss $34.42M USD 2 Qtrs
Net income/(loss) NetIncomeLoss $19.89M USD 1 Quarter
Unrealized gain/(loss) on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $40.32M USD 1 Quarter
Unrealized gain/(loss) on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-27.29M USD 2 Qtrs
Unrealized gain/(loss) on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $80.00K USD 2 Qtrs
Unrealized gain/(loss) on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-65.00K USD 1 Quarter
Comprehensive income/(loss) attributable to Benefit Street Partners Realty Trust, Inc. ComprehensiveIncomeNetOfTax $14.46M USD 1 Quarter
Comprehensive income/(loss) attributable to Benefit Street Partners Realty Trust, Inc. ComprehensiveIncomeNetOfTax $-26.87M USD 2 Qtrs
Comprehensive income/(loss) attributable to Benefit Street Partners Realty Trust, Inc. ComprehensiveIncomeNetOfTax $48.13M USD 1 Quarter
Comprehensive income/(loss) 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.

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