10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001562528-23-000024 |
| Period End Date | 20230331 |
| Filing Date | 20230503 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | bsprt-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
80 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$117.06M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$179.31M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$230.41M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$154.93M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$11.17M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$12.47M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$13.27M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$6.87M | USD | Point-in-time |
| Commercial mortgage loans, held for investment, net of allowance for credit losses of $28,751 and $40,848 as of March 31, 2023 and December 31, 2022, respectively |
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
$5.23B | USD | Point-in-time |
| Commercial mortgage loans, held for investment, net of allowance for credit losses of $28,751 and $40,848 as of March 31, 2023 and December 31, 2022, respectively |
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
$5.02B | USD | Point-in-time |
| Commercial mortgage loans, held for sale, measured at fair value |
MortgagesHeldForSaleFairValueDisclosure
|
$15.56M | USD | Point-in-time |
| Commercial mortgage loans, held for sale, measured at fair value |
MortgagesHeldForSaleFairValueDisclosure
|
$15.93M | USD | Point-in-time |
| Allowance for credit loss |
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
$28.75M | USD | Point-in-time |
| Allowance for credit loss |
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
$40.85M | USD | Point-in-time |
| Real estate securities, trading, measured at fair value |
TradingSecuritiesDebt
|
$235.73M | USD | Point-in-time |
| Real estate securities, trading, measured at fair value |
TradingSecuritiesDebt
|
$133.71M | USD | Point-in-time |
| Real estate securities, available for sale, measured at fair value, amortized cost of $113,588 and $220,635 as of March 31, 2023 and December 31, 2022, respectively |
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
|
$221.03M | USD | Point-in-time |
| Real estate securities, available for sale, measured at fair value, amortized cost of $113,588 and $220,635 as of March 31, 2023 and December 31, 2022, respectively |
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
|
$112.33M | USD | Point-in-time |
| Derivative instruments, measured at fair value |
DerivativeAssets
|
$415.00K | USD | Point-in-time |
| Derivative instruments, measured at fair value |
DerivativeAssets
|
$325.00K | USD | Point-in-time |
| Receivable for loan repayment |
ReceivablesForLoanRepayment
|
$42.56M | USD | Point-in-time |
| Receivable for loan repayment |
ReceivablesForLoanRepayment
|
$18.20M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$34.01M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$36.34M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$19.37M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$15.79M | USD | Point-in-time |
| Intangible lease asset, net of amortization |
FinanceLeaseRightOfUseAsset
|
$59.02M | USD | Point-in-time |
| Intangible lease asset, net of amortization |
FinanceLeaseRightOfUseAsset
|
$54.83M | USD | Point-in-time |
| Real estate owned, net of depreciation |
RealEstateAcquiredThroughForeclosure
|
$148.62M | USD | Point-in-time |
| Real estate owned, net of depreciation |
RealEstateAcquiredThroughForeclosure
|
$127.77M | USD | Point-in-time |
| Real estate owned, held for sale |
RealEstateHeldforsale
|
$36.50M | USD | Point-in-time |
| Real estate owned, held for sale |
RealEstateHeldforsale
|
$35.16M | USD | Point-in-time |
| Total assets |
Assets
|
$6.20B | USD | Point-in-time |
| Total assets |
Assets
|
$5.84B | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
299,200.00 | shares | Point-in-time |
| Collateralized loan obligations |
SecuredDebt
|
$3.12B | USD | Point-in-time |
| Collateralized loan obligations |
SecuredDebt
|
$3.05B | USD | Point-in-time |
| Residential mortgage backed securities, principal paydowns, receivable |
ResidentialMortgageBackedSecuritiesPrincipalPaydownsReceivable
|
$300.00K | USD | Point-in-time |
| Residential mortgage backed securities, principal paydowns, receivable |
ResidentialMortgageBackedSecuritiesPrincipalPaydownsReceivable
|
$100.00K | USD | Point-in-time |
| Mortgage note payable |
NotesPayable
|
$24.00M | USD | Point-in-time |
| Mortgage note payable |
NotesPayable
|
$24.00M | USD | Point-in-time |
| Unsecured debt |
UnsecuredDebt
|
$98.69M | USD | Point-in-time |
| Unsecured debt |
UnsecuredDebt
|
$81.22M | USD | Point-in-time |
| Derivative instruments, measured at fair value |
DerivativeLiabilities
|
$64.00K | USD | Point-in-time |
| Derivative instruments, measured at fair value |
DerivativeLiabilities
|
$294.00K | USD | Point-in-time |
| Interest payable |
InterestPayableCurrentAndNoncurrent
|
$12.69M | USD | Point-in-time |
| Interest payable |
InterestPayableCurrentAndNoncurrent
|
$12.71M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$36.37M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$36.32M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$36.73M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$17.67M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$15.53M | USD | Point-in-time |
| Due to affiliates |
DueToAffiliateCurrentAndNoncurrent
|
$15.43M | USD | Point-in-time |
| Due to affiliates |
DueToAffiliateCurrentAndNoncurrent
|
$13.86M | USD | Point-in-time |
| Intangible lease liability, net of depreciation |
FinanceLeaseLiability
|
$9.12M | USD | Point-in-time |
| Intangible lease liability, net of depreciation |
FinanceLeaseLiability
|
$6.43M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.16B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.53B | USD | Point-in-time |
| Redeemable Convertible Preferred Stock: |
ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
|
$94.75M | USD | Point-in-time |
| Redeemable Convertible Preferred Stock: |
ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
|
$89.75M | USD | Point-in-time |
| Common stock, $0.01 par value, 900,000,000 shares authorized, 83,363,971 and 82,992,784 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively |
CommonStockValue
|
$826.00K | USD | Point-in-time |
| Common stock, $0.01 par value, 900,000,000 shares authorized, 83,363,971 and 82,992,784 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively |
CommonStockValue
|
$826.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.60B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.60B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.94M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$390.00K | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
- | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-62.00K | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-299.23M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-291.76M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.56B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.57B | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$15.41M | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$21.27M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.71B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.59B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.58B | USD | Point-in-time |
| Total liabilities, redeemable convertible preferred stock and equity |
LiabilitiesAndStockholdersEquity
|
$6.20B | USD | Point-in-time |
| Total liabilities, redeemable convertible preferred stock and equity |
LiabilitiesAndStockholdersEquity
|
$5.84B | USD | Point-in-time |
Income Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income |
InterestAndDividendIncomeOperating
|
$130.54M | USD | 1 Quarter |
| Interest income |
InterestAndDividendIncomeOperating
|
$75.26M | USD | 1 Quarter |
| Less: Interest expense |
InterestExpenseDeposits
|
$71.08M | USD | 1 Quarter |
| Less: Interest expense |
InterestExpenseDeposits
|
$22.48M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$52.78M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$59.46M | USD | 1 Quarter |
| Revenue from real estate owned |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.31M | USD | 1 Quarter |
| Revenue from real estate owned |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$3.31M | USD | 1 Quarter |
| Total income |
Revenues
|
$55.09M | USD | 1 Quarter |
| Total income |
Revenues
|
$62.77M | USD | 1 Quarter |
| Asset management and subordinated performance fee |
AssetManagementAndSubordinatedPerformanceFees
|
$8.09M | USD | 1 Quarter |
| Asset management and subordinated performance fee |
AssetManagementAndSubordinatedPerformanceFees
|
$6.75M | USD | 1 Quarter |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$315.00K | USD | 1 Quarter |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$378.00K | USD | 1 Quarter |
| Administrative services expenses |
GeneralAndAdministrativeExpense
|
$3.35M | USD | 1 Quarter |
| Administrative services expenses |
GeneralAndAdministrativeExpense
|
$4.03M | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$4.81M | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$6.16M | USD | 1 Quarter |
| Share-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.02M | USD | 1 Quarter |
| Share-based compensation |
AllocatedShareBasedCompensationExpense
|
$500.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$1.80M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$1.29M | USD | 1 Quarter |
| Other expenses |
OtherGeneralExpense
|
$1.76M | USD | 1 Quarter |
| Other expenses |
OtherGeneralExpense
|
$2.17M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$22.30M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$20.13M | USD | 1 Quarter |
| Provision/(benefit) for credit losses |
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
|
$4.36M | USD | 1 Quarter |
| Provision/(benefit) for credit losses |
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
|
$-955.00K | USD | 1 Quarter |
| Realized (gain)/loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Realized (gain)/loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$4.77M | USD | 1 Quarter |
| Realized (gain)/loss on sale of available for sale trading securities |
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
$596.00K | USD | 1 Quarter |
| Realized (gain)/loss on sale of available for sale trading securities |
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
- | USD | 1 Quarter |
| Realized (gain)/loss on sale of commercial mortgage loans, held for sale, measured at fair value |
GainLossOnSaleOfMortgageLoansFairValueDisclosure
|
- | USD | 1 Quarter |
| Realized (gain)/loss on sale of commercial mortgage loans, held for sale, measured at fair value |
GainLossOnSaleOfMortgageLoansFairValueDisclosure
|
$1.89M | USD | 1 Quarter |
| Unrealized (gain)/loss on commercial mortgage loans, held for sale, measured at fair value |
UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure
|
$347.00K | USD | 1 Quarter |
| Unrealized (gain)/loss on commercial mortgage loans, held for sale, measured at fair value |
UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure
|
$-939.00K | USD | 1 Quarter |
| (Gain)/loss on other real estate investments |
GainLossOnOtherRealEstateOwnedFairValueDisclosure
|
$-29.00K | USD | 1 Quarter |
| (Gain)/loss on other real estate investments |
GainLossOnOtherRealEstateOwnedFairValueDisclosure
|
$-1.34M | USD | 1 Quarter |
| Trading (gain)/loss |
TradingGainsLosses
|
$-88.44M | USD | 1 Quarter |
| Trading (gain)/loss |
TradingGainsLosses
|
$2.97M | USD | 1 Quarter |
| Unrealized (gain)/loss on derivatives |
UnrealizedGainLossOnDerivatives
|
$-320.00K | USD | 1 Quarter |
| Unrealized (gain)/loss on derivatives |
UnrealizedGainLossOnDerivatives
|
$-4.96M | USD | 1 Quarter |
| Realized (gain)/loss on derivatives |
GainLossOnDerivativeInstrumentsNetPretax
|
$34.03M | USD | 1 Quarter |
| Realized (gain)/loss on derivatives |
GainLossOnDerivativeInstrumentsNetPretax
|
$44.00K | USD | 1 Quarter |
| Total other (income)/loss |
NonoperatingIncomeExpense
|
$-57.49M | USD | 1 Quarter |
| Total other (income)/loss |
NonoperatingIncomeExpense
|
$2.70M | USD | 1 Quarter |
| Income/(loss) before taxes |
IncomeLossAttributableToParent
|
$43.18M | USD | 1 Quarter |
| Income/(loss) before taxes |
IncomeLossAttributableToParent
|
$-22.53M | USD | 1 Quarter |
| Provision/(benefit) for income tax |
IncomeTaxExpenseBenefit
|
$-662.00K | USD | 1 Quarter |
| Provision/(benefit) for income tax |
IncomeTaxExpenseBenefit
|
$-24.00K | USD | 1 Quarter |
| Net income/(loss) |
ProfitLoss
|
$43.84M | USD | 1 Quarter |
| Net income/(loss) |
ProfitLoss
|
$-22.51M | USD | 1 Quarter |
| Net (income)/loss attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net (income)/loss attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$9.00K | USD | 1 Quarter |
| Net income/(loss) |
NetIncomeLoss
|
$-22.51M | USD | 1 Quarter |
| Net income/(loss) |
NetIncomeLoss
|
$43.83M | USD | 1 Quarter |
| Less: Preferred stock dividends |
DividendsPreferredStock
|
$21.01M | USD | 1 Quarter |
| Less: Preferred stock dividends |
DividendsPreferredStock
|
$6.75M | USD | 1 Quarter |
| Net income/(loss) applicable to common stock, basic |
NetIncomeLossAvailableToCommonStockholdersBasicIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities
|
$-43.52M | USD | 1 Quarter |
| Net income/(loss) applicable to common stock, basic |
NetIncomeLossAvailableToCommonStockholdersBasicIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities
|
$37.08M | USD | 1 Quarter |
| Net income/(loss) applicable to common stock, diluted |
NetIncomeLossAvailableToCommonStockholdersDilutedIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities
|
$37.08M | USD | 1 Quarter |
| Net income/(loss) applicable to common stock, diluted |
NetIncomeLossAvailableToCommonStockholdersDilutedIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities
|
$-43.52M | USD | 1 Quarter |
| Basic earnings per share (in dollars per share) |
EarningsPerShareBasic
|
$-0.99 | USD | 1 Quarter |
| Basic earnings per share (in dollars per share) |
EarningsPerShareBasic
|
$0.44 | USD | 1 Quarter |
| Diluted earnings per share (in dollars per share) |
EarningsPerShareDiluted
|
$-0.99 | USD | 1 Quarter |
| Diluted earnings per share (in dollars per share) |
EarningsPerShareDiluted
|
$0.44 | USD | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
43.96M | shares | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
82.77M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
82.77M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
43.96M | shares | 1 Quarter |
Cash Flow Statement
145 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income/(loss) |
ProfitLoss
|
$43.84M | USD | 1 Quarter |
| Net income/(loss) |
ProfitLoss
|
$-22.51M | USD | 1 Quarter |
| Premium amortization and (discount accretion), net |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$4.16M | USD | 1 Quarter |
| Premium amortization and (discount accretion), net |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$2.54M | USD | 1 Quarter |
| Accretion of deferred commitment fees |
AmortizationOfDeferredLoanOriginationFeesNet
|
$2.22M | USD | 1 Quarter |
| Accretion of deferred commitment fees |
AmortizationOfDeferredLoanOriginationFeesNet
|
$2.87M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$1.84M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$1.40M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$500.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.02M | USD | 1 Quarter |
| Realized (gain)/loss from sale of other real estate investments, measured at fair value |
GainsLossesOnSalesOfOtherRealEstate
|
$596.00K | USD | 1 Quarter |
| Realized (gain)/loss from sale of other real estate investments, measured at fair value |
GainsLossesOnSalesOfOtherRealEstate
|
$-33.00K | USD | 1 Quarter |
| Realized (gain)/loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Realized (gain)/loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$4.77M | USD | 1 Quarter |
| Realized (gain)/loss on swap terminations |
DerivativeInstrumentGainLossOnTermination
|
$34.38M | USD | 1 Quarter |
| Realized (gain)/loss on swap terminations |
DerivativeInstrumentGainLossOnTermination
|
- | USD | 1 Quarter |
| Trading (gain)/loss |
DebtSecuritiesTradingGainLoss
|
$-88.44M | USD | 1 Quarter |
| Trading (gain)/loss |
DebtSecuritiesTradingGainLoss
|
$2.97M | USD | 1 Quarter |
| Unrealized (gain)/loss from commercial mortgage loans, held for sale, measured at fair value |
GainLossOnSaleOfNotesReceivable
|
$347.00K | USD | 1 Quarter |
| Unrealized (gain)/loss from commercial mortgage loans, held for sale, measured at fair value |
GainLossOnSaleOfNotesReceivable
|
$-939.00K | USD | 1 Quarter |
| Unrealized (gain)/loss on derivative instruments |
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
|
$-4.96M | USD | 1 Quarter |
| Unrealized (gain)/loss on derivative instruments |
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
|
$-320.00K | USD | 1 Quarter |
| Unrealized (gain)/loss from other real estate investments, measured at fair value |
ChangeinUnrealizedGainLossOnOtherRealEstateOwned
|
$-1.34M | USD | 1 Quarter |
| Unrealized (gain)/loss from other real estate investments, measured at fair value |
ChangeinUnrealizedGainLossOnOtherRealEstateOwned
|
$4.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.29M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.64M | USD | 1 Quarter |
| Provision/(benefit) for credit losses |
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
|
$4.36M | USD | 1 Quarter |
| Provision/(benefit) for credit losses |
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
|
$-955.00K | USD | 1 Quarter |
| Origination of commercial mortgage loans, held for sale, measured at fair value |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
- | USD | 1 Quarter |
| Origination of commercial mortgage loans, held for sale, measured at fair value |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$150.30M | USD | 1 Quarter |
| Proceeds from sale or repayment of commercial mortgage loans, held for sale, measured at fair value |
ProceedsFromPaymentsForSaleOfMortgageLoansHeldForSale
|
$-22.00K | USD | 1 Quarter |
| Proceeds from sale or repayment of commercial mortgage loans, held for sale, measured at fair value |
ProceedsFromPaymentsForSaleOfMortgageLoansHeldForSale
|
$76.10M | USD | 1 Quarter |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$-539.00K | USD | 1 Quarter |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$-7.54M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$5.81M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$1.04M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-3.51M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$239.00K | USD | 1 Quarter |
| Due to affiliates |
IncreaseDecreaseInDueToAffiliates
|
$-1.57M | USD | 1 Quarter |
| Due to affiliates |
IncreaseDecreaseInDueToAffiliates
|
$4.36M | USD | 1 Quarter |
| Interest payable |
IncreaseDecreaseInInterestPayableNet
|
$617.00K | USD | 1 Quarter |
| Interest payable |
IncreaseDecreaseInInterestPayableNet
|
$217.00K | USD | 1 Quarter |
| Net cash (used in)/provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-32.29M | USD | 1 Quarter |
| Net cash (used in)/provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$33.26M | USD | 1 Quarter |
| Origination and purchase of commercial mortgage loans, held for investment |
PaymentsToAcquireFinanceReceivables
|
$195.62M | USD | 1 Quarter |
| Origination and purchase of commercial mortgage loans, held for investment |
PaymentsToAcquireFinanceReceivables
|
$636.47M | USD | 1 Quarter |
| Principal repayments received on commercial mortgage loans, held for investment |
ProceedsFromCollectionOfLoansReceivable
|
$406.24M | USD | 1 Quarter |
| Principal repayments received on commercial mortgage loans, held for investment |
ProceedsFromCollectionOfLoansReceivable
|
$330.13M | USD | 1 Quarter |
| Proceeds from (purchase)/sale of other real estate investments |
ProceedsFromSaleOfOtherRealEstate
|
$2.04M | USD | 1 Quarter |
| Proceeds from (purchase)/sale of other real estate investments |
ProceedsFromSaleOfOtherRealEstate
|
- | USD | 1 Quarter |
| Purchase of real estate securities, available for sale |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$20.27M | USD | 1 Quarter |
| Purchase of real estate securities, available for sale |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
- | USD | 1 Quarter |
| Proceeds from sale/(repayment) of real estate securities, available for sale, measured at fair value |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
$127.66M | USD | 1 Quarter |
| Proceeds from sale/(repayment) of real estate securities, available for sale, measured at fair value |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
- | USD | 1 Quarter |
| Proceeds from sale/(repayment) of real estate securities, trading, at fair value |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$97.49M | USD | 1 Quarter |
| Proceeds from sale/(repayment) of real estate securities, trading, at fair value |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$2.19B | USD | 1 Quarter |
| Principal collateral on mortgage investments |
ProceedsFromPrincipalCollateralOnMortgageInvestments
|
$376.86M | USD | 1 Quarter |
| Principal collateral on mortgage investments |
ProceedsFromPrincipalCollateralOnMortgageInvestments
|
$7.30M | USD | 1 Quarter |
| Proceeds from sale/(purchase) of derivative instruments |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-148.00K | USD | 1 Quarter |
| Proceeds from sale/(purchase) of derivative instruments |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
- | USD | 1 Quarter |
| Net cash (used in)/provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$422.81M | USD | 1 Quarter |
| Net cash (used in)/provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$2.26B | USD | 1 Quarter |
| Proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$5.00M | USD | 1 Quarter |
| Proceeds from issuances of redeemable convertible preferred stock |
ProceedsFromIssuanceOfConvertiblePreferredStock
|
$-5.00M | USD | 1 Quarter |
| Proceeds from issuances of redeemable convertible preferred stock |
ProceedsFromIssuanceOfConvertiblePreferredStock
|
- | USD | 1 Quarter |
| Payments for common stock repurchases |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Payments for common stock repurchases |
PaymentsForRepurchaseOfCommonStock
|
$3.67M | USD | 1 Quarter |
| Shares cancelled for tax withholding on vested equity rewards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 1 Quarter |
| Shares cancelled for tax withholding on vested equity rewards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$812.00K | USD | 1 Quarter |
| Borrowings on collateralized loan obligations |
ProceedsFromIssuanceOfSecuredDebt
|
- | USD | 1 Quarter |
| Borrowings on collateralized loan obligations |
ProceedsFromIssuanceOfSecuredDebt
|
$960.00M | USD | 1 Quarter |
| Repayments of collateralized loan obligations |
RepaymentsOfSecuredDebt
|
$235.14M | USD | 1 Quarter |
| Repayments of collateralized loan obligations |
RepaymentsOfSecuredDebt
|
$69.04M | USD | 1 Quarter |
| Borrowings on repurchase agreements - commercial mortgage loans |
ProceedsFromSecuritiesPurchasedUnderAgreementsToResellLoansReceivable
|
$474.47M | USD | 1 Quarter |
| Borrowings on repurchase agreements - commercial mortgage loans |
ProceedsFromSecuritiesPurchasedUnderAgreementsToResellLoansReceivable
|
$157.86M | USD | 1 Quarter |
| Repayments of repurchase agreements - commercial mortgage loans |
PaymentsFromSecuritiesPurchasedUnderAgreementsToResellLoansReceivable
|
$971.18M | USD | 1 Quarter |
| Repayments of repurchase agreements - commercial mortgage loans |
PaymentsFromSecuritiesPurchasedUnderAgreementsToResellLoansReceivable
|
$234.30M | USD | 1 Quarter |
| Borrowings on repurchase agreements - real estate securities |
ProceedsFromRealEstateSecurityRepurchaseAgreements
|
$258.88M | USD | 1 Quarter |
| Borrowings on repurchase agreements - real estate securities |
ProceedsFromRealEstateSecurityRepurchaseAgreements
|
$11.94B | USD | 1 Quarter |
| Repayments of repurchase agreements - real estate securities |
PaymentsForRealEstateSecurityRepurchaseAgreements
|
$14.40B | USD | 1 Quarter |
| Repayments of repurchase agreements - real estate securities |
PaymentsForRealEstateSecurityRepurchaseAgreements
|
$469.95M | USD | 1 Quarter |
| Proceeds from other financing and loan participation - commercial mortgage loans |
ProceedsFromOtherDebt
|
$2.30M | USD | 1 Quarter |
| Proceeds from other financing and loan participation - commercial mortgage loans |
ProceedsFromOtherDebt
|
- | USD | 1 Quarter |
| Borrowings on other financing |
ProceedsFromOtherFinancingActivities
|
- | USD | 1 Quarter |
| Borrowings on other financing |
ProceedsFromOtherFinancingActivities
|
$43.62M | USD | 1 Quarter |
| Repayments on other financing |
PaymentsForOtherFinancingActivities
|
$40.80M | USD | 1 Quarter |
| Repayments on other financing |
PaymentsForOtherFinancingActivities
|
- | USD | 1 Quarter |
| Repayments of unsecured debt |
RepaymentsOfUnsecuredDebt
|
$13.37M | USD | 1 Quarter |
| Repayments of unsecured debt |
RepaymentsOfUnsecuredDebt
|
$50.00M | USD | 1 Quarter |
| Payments of deferred financing costs |
PaymentsOfFinancingCosts
|
$3.60M | USD | 1 Quarter |
| Payments of deferred financing costs |
PaymentsOfFinancingCosts
|
$1.38M | USD | 1 Quarter |
| Cash collateral received on interest rate swaps |
ProceedsFromCashCollateralReceivedOnDerivativeInstruments
|
- | USD | 1 Quarter |
| Cash collateral received on interest rate swaps |
ProceedsFromCashCollateralReceivedOnDerivativeInstruments
|
$47.66M | USD | 1 Quarter |
| Proceeds from interest rate swap settlements |
ProceedsFromDerivativeInstrumentFinancingActivities
|
$744.00K | USD | 1 Quarter |
| Proceeds from interest rate swap settlements |
ProceedsFromDerivativeInstrumentFinancingActivities
|
- | USD | 1 Quarter |
| Distributions paid |
PaymentsOfDividends
|
$36.32M | USD | 1 Quarter |
| Distributions paid |
PaymentsOfDividends
|
$30.25M | USD | 1 Quarter |
| Net cash (used in)/provided by financing activities: |
NetCashProvidedByUsedInFinancingActivities
|
$-409.27M | USD | 1 Quarter |
| Net cash (used in)/provided by financing activities: |
NetCashProvidedByUsedInFinancingActivities
|
$-2.27B | USD | 1 Quarter |
| Net change in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-38.67M | USD | 1 Quarter |
| Net change in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$46.79M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$237.28M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$190.49M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$129.53M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$168.20M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$237.28M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$190.49M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$129.53M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$168.20M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$117.06M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$179.31M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$230.41M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$154.93M | USD | Point-in-time |
| Restricted cash, beginning of period |
RestrictedCashAndCashEquivalents
|
$11.17M | USD | Point-in-time |
| Restricted cash, beginning of period |
RestrictedCashAndCashEquivalents
|
$12.47M | USD | Point-in-time |
| Restricted cash, beginning of period |
RestrictedCashAndCashEquivalents
|
$13.27M | USD | Point-in-time |
| Restricted cash, beginning of period |
RestrictedCashAndCashEquivalents
|
$6.87M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$117.06M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$179.31M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$230.41M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$154.93M | USD | Point-in-time |
| Restricted cash, end of period |
RestrictedCashAndCashEquivalents
|
$11.17M | USD | Point-in-time |
| Restricted cash, end of period |
RestrictedCashAndCashEquivalents
|
$12.47M | USD | Point-in-time |
| Restricted cash, end of period |
RestrictedCashAndCashEquivalents
|
$13.27M | USD | Point-in-time |
| Restricted cash, end of period |
RestrictedCashAndCashEquivalents
|
$6.87M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$237.28M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$190.49M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$129.53M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$168.20M | USD | Point-in-time |
| Cash payments for income taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Cash payments for income taxes |
IncomeTaxesPaidNet
|
$-15.00K | USD | 1 Quarter |
| Cash payments for interest |
InterestPaidNet
|
$20.46M | USD | 1 Quarter |
| Cash payments for interest |
InterestPaidNet
|
$69.26M | USD | 1 Quarter |
| Pre-close loan fundings held with servicer |
PreCloseLoanFundingsHeldWithServicer
|
- | USD | 1 Quarter |
| Pre-close loan fundings held with servicer |
PreCloseLoanFundingsHeldWithServicer
|
$-2.74M | USD | 1 Quarter |
| Distribution payable |
DividendsPayableCurrentAndNoncurrent
|
$36.37M | USD | Point-in-time |
| Distribution payable |
DividendsPayableCurrentAndNoncurrent
|
$36.32M | USD | Point-in-time |
| Distribution payable |
DividendsPayableCurrentAndNoncurrent
|
$36.73M | USD | Point-in-time |
| Common stock issued through distribution reinvestment plan |
CommonStockIssuedDividendReinvestmentInvestmentPlan
|
- | USD | 1 Quarter |
| Common stock issued through distribution reinvestment plan |
CommonStockIssuedDividendReinvestmentInvestmentPlan
|
$91.00K | USD | 1 Quarter |
| Real estate owned received in foreclosure |
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
$24.00M | USD | 1 Quarter |
| Real estate owned received in foreclosure |
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
- | USD | 1 Quarter |
| Loans transferred to real estate owned, held for investment |
TransferToOtherRealEstate
|
$33.21M | USD | 1 Quarter |
| Loans transferred to real estate owned, held for investment |
TransferToOtherRealEstate
|
- | USD | 1 Quarter |
Stockholders Equity
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.71B | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.59B | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.58B | USD | Point-in-time |
| Common stock repurchases (in shares) |
StockRepurchasedDuringPeriodShares
|
313,411.00 | shares | 1 Quarter |
| Common stock repurchases |
StockRepurchasedDuringPeriodValue
|
$3.67M | USD | 1 Quarter |
| Common stock issued through distribution reinvestment plan |
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
$91.00K | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$500.00K | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$1.02M | USD | 1 Quarter |
| Shares canceled for tax withholding on vested equity rewards |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$812.00K | USD | 1 Quarter |
| Net income/(loss) |
NetIncomeLoss
|
$-22.51M | USD | 1 Quarter |
| Net income/(loss) |
NetIncomeLoss
|
$43.83M | USD | 1 Quarter |
| Net income/(loss) attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net income/(loss) attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$9.00K | USD | 1 Quarter |
| Distributions declared |
Dividends
|
$36.37M | USD | 1 Quarter |
| Distributions declared |
Dividends
|
$36.74M | USD | 1 Quarter |
| Other comprehensive income/(loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$62.00K | USD | 1 Quarter |
| Other comprehensive income/(loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$-2.33M | USD | 1 Quarter |
| Contributions in non-controlling interest, net |
NoncontrollingInterestIncreaseFromBusinessCombination
|
$5.85M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.71B | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.59B | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.58B | USD | Point-in-time |
Comprehensive Income
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income/(loss) |
ProfitLoss
|
$43.84M | USD | 1 Quarter |
| Net income/(loss) |
ProfitLoss
|
$-22.51M | USD | 1 Quarter |
| Change in net unrealized gain/(loss) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-1.65M | USD | 1 Quarter |
| Change in net unrealized gain/(loss) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
- | USD | 1 Quarter |
| Reclassification adjustment for amounts included in net income/(loss) |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
- | USD | 1 Quarter |
| Reclassification adjustment for amounts included in net income/(loss) |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
$677.00K | USD | 1 Quarter |
| Total unrealized gain (loss) |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Total unrealized gain (loss) |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-2.33M | USD | 1 Quarter |
| Change in net unrealized gain/(loss) |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
- | USD | 1 Quarter |
| Change in net unrealized gain/(loss) |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$-220.00K | USD | 1 Quarter |
| Reclassification adjustment for amounts included in net income/(loss) |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
$-282.00K | USD | 1 Quarter |
| Reclassification adjustment for amounts included in net income/(loss) |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
- | USD | 1 Quarter |
| Total unrealized gain (loss) |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
- | USD | 1 Quarter |
| Total unrealized gain (loss) |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
$62.00K | USD | 1 Quarter |
| Comprehensive (income)/loss attributed to non-controlling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Comprehensive (income)/loss attributed to non-controlling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$9.00K | USD | 1 Quarter |
| Comprehensive income/(loss) attributable to Franklin BSP Realty Trust, Inc. |
ComprehensiveIncomeNetOfTax
|
$41.51M | USD | 1 Quarter |
| Comprehensive income/(loss) attributable to Franklin BSP Realty Trust, Inc. |
ComprehensiveIncomeNetOfTax
|
$-22.45M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.