10-Q Filing

FRANKLIN BSP REALTY TRUST, INC. CIK: 1562528 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001562528-23-000033`
Period End Date	20230630
Filing Date	20230731
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	bsprt-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 147 Cash Flow Statement 159 Stockholders Equity 45 Comprehensive Income 36

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$445.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$224.70M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$11.35M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.44M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$11.17M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$13.27M	USD	Point-in-time
Commercial mortgage loans, held for investment, net of allowance for credit losses of $38,932 and $40,848 as of June 30, 2023 and December 31, 2022, respectively	`FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss`	$5.02B	USD	Point-in-time
Commercial mortgage loans, held for investment, net of allowance for credit losses of $38,932 and $40,848 as of June 30, 2023 and December 31, 2022, respectively	`FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss`	$5.23B	USD	Point-in-time
Commercial mortgage loans, held for sale, measured at fair value	`MortgagesHeldForSaleFairValueDisclosure`	$34.25M	USD	Point-in-time
Commercial mortgage loans, held for sale, measured at fair value	`MortgagesHeldForSaleFairValueDisclosure`	$15.56M	USD	Point-in-time
Real estate securities, trading, measured at fair value (includes pledged assets of $118,455 and $227,610 as of June 30, 2023 and December 31, 2022, respectively)	`TradingSecuritiesDebt`	$235.73M	USD	Point-in-time
Real estate securities, trading, measured at fair value (includes pledged assets of $118,455 and $227,610 as of June 30, 2023 and December 31, 2022, respectively)	`TradingSecuritiesDebt`	$125.22M	USD	Point-in-time
Real estate securities, available for sale, measured at fair value, amortized cost of $192,471 and $220,635 as of June 30, 2023 and December 31, 2022, respectively (includes pledged assets of $181,463 and $198,429 as of June 30, 2023 and December 31, 2022, respectively)	`DebtSecuritiesAvailableForSaleExcludingAccruedInterest`	$191.85M	USD	Point-in-time
Allowance for credit loss	`FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest`	$40.85M	USD	Point-in-time
Allowance for credit loss	`FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest`	$38.93M	USD	Point-in-time
Real estate securities, available for sale, measured at fair value, amortized cost of $192,471 and $220,635 as of June 30, 2023 and December 31, 2022, respectively (includes pledged assets of $181,463 and $198,429 as of June 30, 2023 and December 31, 2022, respectively)	`DebtSecuritiesAvailableForSaleExcludingAccruedInterest`	$221.03M	USD	Point-in-time
Derivative instruments, measured at fair value	`DerivativeAssets`	$251.00K	USD	Point-in-time
Derivative instruments, measured at fair value	`DerivativeAssets`	$415.00K	USD	Point-in-time
Receivable for loan repayment	`ReceivablesForLoanRepayment`	$42.56M	USD	Point-in-time
Receivable for loan repayment	`ReceivablesForLoanRepayment`	$66.83M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$38.35M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$34.01M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$15.86M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$15.79M	USD	Point-in-time
Intangible lease asset, net of amortization	`FinanceLeaseRightOfUseAsset`	$66.01M	USD	Point-in-time
Intangible lease asset, net of amortization	`FinanceLeaseRightOfUseAsset`	$54.83M	USD	Point-in-time
Real estate owned, net of depreciation	`RealEstateAcquiredThroughForeclosure`	$179.25M	USD	Point-in-time
Real estate owned, net of depreciation	`RealEstateAcquiredThroughForeclosure`	$127.77M	USD	Point-in-time
Real estate owned, held for sale	`RealEstateHeldforsale`	$11.76M	USD	Point-in-time
Real estate owned, held for sale	`RealEstateHeldforsale`	$36.50M	USD	Point-in-time
Total assets	`Assets`	$6.20B	USD	Point-in-time
Total assets	`Assets`	$5.99B	USD	Point-in-time
Collateralized loan obligations	`SecuredDebt`	$3.03B	USD	Point-in-time
Collateralized loan obligations	`SecuredDebt`	$3.12B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	299,200.00	shares	Point-in-time
Mortgage note payable	`NotesPayable`	$24.00M	USD	Point-in-time
Mortgage note payable	`NotesPayable`	$24.00M	USD	Point-in-time
Residential mortgage backed securities, principal paydowns, receivable	`ResidentialMortgageBackedSecuritiesPrincipalPaydownsReceivable`	$800.00K	USD	Point-in-time
Residential mortgage backed securities, principal paydowns, receivable	`ResidentialMortgageBackedSecuritiesPrincipalPaydownsReceivable`	$100.00K	USD	Point-in-time
Unsecured debt	`UnsecuredDebt`	$81.25M	USD	Point-in-time
Unsecured debt	`UnsecuredDebt`	$98.69M	USD	Point-in-time
Derivative instruments, measured at fair value	`DerivativeLiabilities`	$64.00K	USD	Point-in-time
Derivative instruments, measured at fair value	`DerivativeLiabilities`	$299.00K	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$12.71M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$12.67M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$36.32M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$36.22M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$36.80M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.46M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$17.67M	USD	Point-in-time
Intangible lease liability, net of amortization	`FinanceLeaseLiability`	$6.43M	USD	Point-in-time
Intangible lease liability, net of amortization	`FinanceLeaseLiability`	$13.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.30B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.53B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	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, 83,019,881 and 82,992,784 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$826.00K	USD	Point-in-time
Common stock, $0.01 par value, 900,000,000 shares authorized, 83,019,881 and 82,992,784 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$822.00K	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`	$-62.00K	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`	-	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-299.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-288.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.57B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.56B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$15.41M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$29.83M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.65B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	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`	$1.59B	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`	$5.99B	USD	Point-in-time

Income Statement 147 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestAndDividendIncomeOperating`	$152.89M	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$145.47M	USD	2 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$70.21M	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$283.43M	USD	2 Qtrs
Less: Interest expense	`InterestExpenseDeposits`	$55.29M	USD	2 Qtrs
Less: Interest expense	`InterestExpenseDeposits`	$32.81M	USD	1 Quarter
Less: Interest expense	`InterestExpenseDeposits`	$146.37M	USD	2 Qtrs
Less: Interest expense	`InterestExpenseDeposits`	$75.30M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$37.41M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$90.18M	USD	2 Qtrs
Net interest income	`InterestIncomeExpenseNet`	$77.59M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$137.05M	USD	2 Qtrs
Revenue from real estate owned	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.31M	USD	1 Quarter
Revenue from real estate owned	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.62M	USD	2 Qtrs
Revenue from real estate owned	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.44M	USD	1 Quarter
Revenue from real estate owned	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.75M	USD	2 Qtrs
Total income	`Revenues`	$39.72M	USD	1 Quarter
Total income	`Revenues`	$84.03M	USD	1 Quarter
Total income	`Revenues`	$146.80M	USD	2 Qtrs
Total income	`Revenues`	$94.81M	USD	2 Qtrs
Asset management and subordinated performance fee	`AssetManagementAndSubordinatedPerformanceFees`	$16.98M	USD	2 Qtrs
Asset management and subordinated performance fee	`AssetManagementAndSubordinatedPerformanceFees`	$6.60M	USD	1 Quarter
Asset management and subordinated performance fee	`AssetManagementAndSubordinatedPerformanceFees`	$13.35M	USD	2 Qtrs
Asset management and subordinated performance fee	`AssetManagementAndSubordinatedPerformanceFees`	$8.90M	USD	1 Quarter
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$319.00K	USD	1 Quarter
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$634.00K	USD	2 Qtrs
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$661.00K	USD	2 Qtrs
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$283.00K	USD	1 Quarter
Administrative services expenses	`GeneralAndAdministrativeExpense`	$3.40M	USD	1 Quarter
Administrative services expenses	`GeneralAndAdministrativeExpense`	$3.05M	USD	1 Quarter
Administrative services expenses	`GeneralAndAdministrativeExpense`	$6.40M	USD	2 Qtrs
Administrative services expenses	`GeneralAndAdministrativeExpense`	$7.43M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$7.61M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$2.79M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.05M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$14.21M	USD	2 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.18M	USD	2 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.23M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$682.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.59M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.20M	USD	1 Quarter
Other expenses	`OtherGeneralExpense`	$1.66M	USD	1 Quarter
Other expenses	`OtherGeneralExpense`	$3.42M	USD	2 Qtrs
Other expenses	`OtherGeneralExpense`	$6.47M	USD	2 Qtrs
Other expenses	`OtherGeneralExpense`	$4.30M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$23.10M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$45.40M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$21.66M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$41.79M	USD	2 Qtrs
(Provision)/benefit for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$32.53M	USD	1 Quarter
(Provision)/benefit for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$21.62M	USD	1 Quarter
(Provision)/benefit for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$31.57M	USD	2 Qtrs
(Provision)/benefit for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$25.98M	USD	2 Qtrs
Realized gain/(loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$270.00K	USD	1 Quarter
Realized gain/(loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$15.00K	USD	1 Quarter
Realized gain/(loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$15.00K	USD	2 Qtrs
Realized gain/(loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.04M	USD	2 Qtrs
Realized gain/(loss) on sale of available for sale trading securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$596.00K	USD	2 Qtrs
Realized gain/(loss) on sale of available for sale trading securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	1 Quarter
Realized gain/(loss) on sale of available for sale trading securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	1 Quarter
Realized gain/(loss) on sale of available for sale trading securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	2 Qtrs
Realized gain/(loss) on sale of commercial mortgage loans, held for sale	`GainLossOnSaleOfMortgageLoans`	-	USD	1 Quarter
Realized gain/(loss) on sale of commercial mortgage loans, held for sale	`GainLossOnSaleOfMortgageLoans`	$39.00K	USD	2 Qtrs
Realized gain/(loss) on sale of commercial mortgage loans, held for sale	`GainLossOnSaleOfMortgageLoans`	$39.00K	USD	1 Quarter
Realized gain/(loss) on sale of commercial mortgage loans, held for sale	`GainLossOnSaleOfMortgageLoans`	-	USD	2 Qtrs
Realized gain/(loss) on sale of commercial mortgage loans, held for sale, measured at fair value	`GainLossOnSaleOfMortgageLoansFairValueDisclosure`	$2.09M	USD	2 Qtrs
Realized gain/(loss) on sale of commercial mortgage loans, held for sale, measured at fair value	`GainLossOnSaleOfMortgageLoansFairValueDisclosure`	$56.00K	USD	2 Qtrs
Realized gain/(loss) on sale of commercial mortgage loans, held for sale, measured at fair value	`GainLossOnSaleOfMortgageLoansFairValueDisclosure`	$-1.83M	USD	1 Quarter
Realized gain/(loss) on sale of commercial mortgage loans, held for sale, measured at fair value	`GainLossOnSaleOfMortgageLoansFairValueDisclosure`	$2.09M	USD	1 Quarter
Unrealized gain/(loss) on commercial mortgage loans, held for sale, measured at fair value	`UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure`	$-303.00K	USD	1 Quarter
Unrealized gain/(loss) on commercial mortgage loans, held for sale, measured at fair value	`UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure`	$44.00K	USD	2 Qtrs
Unrealized gain/(loss) on commercial mortgage loans, held for sale, measured at fair value	`UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure`	$-2.80M	USD	1 Quarter
Unrealized gain/(loss) on commercial mortgage loans, held for sale, measured at fair value	`UnrealizedGainLossOnSaleOfMortgageLoansFairValueDisclosure`	$-3.74M	USD	2 Qtrs
Gain/(loss) on other real estate investments	`GainLossOnOtherRealEstateOwnedFairValueDisclosure`	$-3.03M	USD	2 Qtrs
Gain/(loss) on other real estate investments	`GainLossOnOtherRealEstateOwnedFairValueDisclosure`	$-29.00K	USD	2 Qtrs
Gain/(loss) on other real estate investments	`GainLossOnOtherRealEstateOwnedFairValueDisclosure`	-	USD	1 Quarter
Gain/(loss) on other real estate investments	`GainLossOnOtherRealEstateOwnedFairValueDisclosure`	$-1.69M	USD	1 Quarter
Trading gain/(loss)	`TradingGainsLosses`	$2.02M	USD	2 Qtrs
Trading gain/(loss)	`TradingGainsLosses`	$-22.54M	USD	1 Quarter
Trading gain/(loss)	`TradingGainsLosses`	$-946.00K	USD	1 Quarter
Trading gain/(loss)	`TradingGainsLosses`	$-110.97M	USD	2 Qtrs
Unrealized gain/(loss) on derivatives	`UnrealizedGainLossOnDerivatives`	$-14.39M	USD	2 Qtrs
Unrealized gain/(loss) on derivatives	`UnrealizedGainLossOnDerivatives`	$393.00K	USD	1 Quarter
Unrealized gain/(loss) on derivatives	`UnrealizedGainLossOnDerivatives`	$-9.43M	USD	1 Quarter
Unrealized gain/(loss) on derivatives	`UnrealizedGainLossOnDerivatives`	$73.00K	USD	2 Qtrs
Realized gain/(loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$617.00K	USD	2 Qtrs
Realized gain/(loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$59.22M	USD	2 Qtrs
Realized gain/(loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$573.00K	USD	1 Quarter
Realized gain/(loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$25.19M	USD	1 Quarter
Total other income/(loss)	`NonoperatingIncomeExpense`	$-43.88M	USD	1 Quarter
Total other income/(loss)	`NonoperatingIncomeExpense`	$-21.23M	USD	1 Quarter
Total other income/(loss)	`NonoperatingIncomeExpense`	$-101.37M	USD	2 Qtrs
Total other income/(loss)	`NonoperatingIncomeExpense`	$-18.53M	USD	2 Qtrs
Income/(loss) before taxes	`IncomeLossAttributableToParent`	$-25.82M	USD	1 Quarter
Income/(loss) before taxes	`IncomeLossAttributableToParent`	$39.70M	USD	1 Quarter
Income/(loss) before taxes	`IncomeLossAttributableToParent`	$-48.35M	USD	2 Qtrs
Income/(loss) before taxes	`IncomeLossAttributableToParent`	$82.87M	USD	2 Qtrs
(Provision)/benefit for income tax	`IncomeTaxExpenseBenefit`	$53.00K	USD	1 Quarter
(Provision)/benefit for income tax	`IncomeTaxExpenseBenefit`	$-114.00K	USD	1 Quarter
(Provision)/benefit for income tax	`IncomeTaxExpenseBenefit`	$-609.00K	USD	2 Qtrs
(Provision)/benefit for income tax	`IncomeTaxExpenseBenefit`	$-138.00K	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$-25.71M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$-48.22M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$83.48M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$39.64M	USD	1 Quarter
Net (income)/loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$50.00K	USD	2 Qtrs
Net (income)/loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.00K	USD	1 Quarter
Net (income)/loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$41.00K	USD	1 Quarter
Net (income)/loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net (income)/loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$83.43M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-22.51M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$39.60M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$43.83M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-48.22M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-25.71M	USD	1 Quarter
Less: Preferred stock dividends	`DividendsPreferredStock`	$13.50M	USD	2 Qtrs
Less: Preferred stock dividends	`DividendsPreferredStock`	$6.75M	USD	1 Quarter
Less: Preferred stock dividends	`DividendsPreferredStock`	$27.97M	USD	2 Qtrs
Less: Preferred stock dividends	`DividendsPreferredStock`	$6.96M	USD	1 Quarter
Net income/(loss) applicable to common stock, basic	`NetIncomeLossAvailableToCommonStockholdersBasicIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities`	$-76.18M	USD	2 Qtrs
Net income/(loss) applicable to common stock, basic	`NetIncomeLossAvailableToCommonStockholdersBasicIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities`	$69.94M	USD	2 Qtrs
Net income/(loss) applicable to common stock, basic	`NetIncomeLossAvailableToCommonStockholdersBasicIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities`	$32.85M	USD	1 Quarter
Net income/(loss) applicable to common stock, basic	`NetIncomeLossAvailableToCommonStockholdersBasicIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities`	$-32.66M	USD	1 Quarter
Net income/(loss) applicable to common stock, diluted	`NetIncomeLossAvailableToCommonStockholdersDilutedIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities`	$69.94M	USD	2 Qtrs
Net income/(loss) applicable to common stock, diluted	`NetIncomeLossAvailableToCommonStockholdersDilutedIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities`	$-76.18M	USD	2 Qtrs
Net income/(loss) applicable to common stock, diluted	`NetIncomeLossAvailableToCommonStockholdersDilutedIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities`	$-32.66M	USD	1 Quarter
Net income/(loss) applicable to common stock, diluted	`NetIncomeLossAvailableToCommonStockholdersDilutedIncludingUndistributedEarningsLossAllocatedToParticipatingSecurities`	$32.85M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.83	USD	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$-1.27	USD	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$-0.43	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.83	USD	2 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.43	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$-1.27	USD	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.51M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.25M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	59.99M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	75.84M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	59.99M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.84M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.25M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.51M	shares	2 Qtrs

Cash Flow Statement 159 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`ProfitLoss`	$-25.71M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$-48.22M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$83.48M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$39.64M	USD	1 Quarter
Premium amortization and (discount accretion), net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$6.24M	USD	2 Qtrs
Premium amortization and (discount accretion), net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$5.21M	USD	2 Qtrs
Accretion of deferred commitment fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$4.28M	USD	2 Qtrs
Accretion of deferred commitment fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$5.07M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.89M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$8.02M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$2.25M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.22M	USD	2 Qtrs
Realized (gain)/loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$270.00K	USD	1 Quarter
Realized (gain)/loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$15.00K	USD	1 Quarter
Realized (gain)/loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$15.00K	USD	2 Qtrs
Realized (gain)/loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.04M	USD	2 Qtrs
Realized (gain)/loss on swap terminations	`DerivativeInstrumentGainLossOnTermination`	$53.77M	USD	2 Qtrs
Realized (gain)/loss on swap terminations	`DerivativeInstrumentGainLossOnTermination`	-	USD	2 Qtrs
Realized (gain)/loss on sale of available for sale trading securities	`DebtSecuritiesAvailableForSaleTradingGainLoss`	-	USD	2 Qtrs
Realized (gain)/loss on sale of available for sale trading securities	`DebtSecuritiesAvailableForSaleTradingGainLoss`	$596.00K	USD	2 Qtrs
Realized (gain)/loss on sale of commercial mortgage loans, held for sale	`RealizedGainLossOnSaleOfMortgageLoansHeldForSale`	$2.09M	USD	2 Qtrs
Realized (gain)/loss on sale of commercial mortgage loans, held for sale	`RealizedGainLossOnSaleOfMortgageLoansHeldForSale`	-	USD	2 Qtrs
Unrealized (gain)/loss from commercial mortgage loans, held for sale	`GainLossOnSaleOfNotesReceivable`	$-3.74M	USD	2 Qtrs
Unrealized (gain)/loss from commercial mortgage loans, held for sale	`GainLossOnSaleOfNotesReceivable`	$44.00K	USD	2 Qtrs
Unrealized (gain)/loss from derivative instruments	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-14.39M	USD	2 Qtrs
Unrealized (gain)/loss from derivative instruments	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$73.00K	USD	2 Qtrs
(Gain)/loss from other real estate investments	`ChangeinUnrealizedGainLossOnOtherRealEstateOwned`	$-3.03M	USD	2 Qtrs
(Gain)/loss from other real estate investments	`ChangeinUnrealizedGainLossOnOtherRealEstateOwned`	$-29.00K	USD	2 Qtrs
Trading (gain)/loss	`DebtSecuritiesTradingGainLoss`	$-110.97M	USD	2 Qtrs
Trading (gain)/loss	`DebtSecuritiesTradingGainLoss`	$2.02M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.59M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.55M	USD	2 Qtrs
Provision/(benefit) for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$32.53M	USD	1 Quarter
Provision/(benefit) for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$21.62M	USD	1 Quarter
Provision/(benefit) for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$31.57M	USD	2 Qtrs
Provision/(benefit) for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$25.98M	USD	2 Qtrs
Origination of commercial mortgage loans, held for sale	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$336.55M	USD	2 Qtrs
Origination of commercial mortgage loans, held for sale	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$76.25M	USD	2 Qtrs
Proceeds from sale or repayment of commercial mortgage loans, held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$59.70M	USD	2 Qtrs
Proceeds from sale or repayment of commercial mortgage loans, held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$238.25M	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-11.49M	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-732.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.19M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.38M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.11M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$537.00K	USD	2 Qtrs
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$2.22M	USD	2 Qtrs
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$500.00K	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$196.00K	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$2.17M	USD	2 Qtrs
Net cash (used in)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$78.41M	USD	2 Qtrs
Net cash (used in)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.03M	USD	2 Qtrs
Origination and purchase of commercial mortgage loans, held for investment	`PaymentsToAcquireFinanceReceivables`	$1.54B	USD	2 Qtrs
Origination and purchase of commercial mortgage loans, held for investment	`PaymentsToAcquireFinanceReceivables`	$472.34M	USD	2 Qtrs
Principal repayments received on commercial mortgage loans, held for investment	`ProceedsFromCollectionOfLoansReceivable`	$678.19M	USD	2 Qtrs
Principal repayments received on commercial mortgage loans, held for investment	`ProceedsFromCollectionOfLoansReceivable`	$591.36M	USD	2 Qtrs
Proceeds from sale of other real estate investments	`ProceedsFromSaleOfOtherRealEstate`	$22.34M	USD	2 Qtrs
Proceeds from sale of other real estate investments	`ProceedsFromSaleOfOtherRealEstate`	$2.04M	USD	2 Qtrs
Purchase of real estate owned and capital expenditures	`PaymentsToAcquireRealEstateOwned`	$645.00K	USD	2 Qtrs
Purchase of real estate owned and capital expenditures	`PaymentsToAcquireRealEstateOwned`	-	USD	2 Qtrs
Purchase of real estate securities, available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$100.27M	USD	2 Qtrs
Purchase of real estate securities, available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Proceeds from sale of commercial mortgage loans, held for sale	`ProceedsFromSaleOfCommercialMortgageLoansHeldForSale`	-	USD	2 Qtrs
Proceeds from sale of commercial mortgage loans, held for sale	`ProceedsFromSaleOfCommercialMortgageLoansHeldForSale`	$4.07M	USD	2 Qtrs
Proceeds from sale/(repayment) of real estate securities, available for sale, measured at fair value	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$127.66M	USD	2 Qtrs
Proceeds from sale/(repayment) of real estate securities, available for sale, measured at fair value	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Proceeds from sale/(repayment) of real estate securities, trading, at fair value	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$3.73B	USD	2 Qtrs
Proceeds from sale/(repayment) of real estate securities, trading, at fair value	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$97.49M	USD	2 Qtrs
Principal collateral on mortgage investments	`ProceedsFromPrincipalCollateralOnMortgageInvestments`	$518.12M	USD	2 Qtrs
Principal collateral on mortgage investments	`ProceedsFromPrincipalCollateralOnMortgageInvestments`	$14.40M	USD	2 Qtrs
Proceeds from sale/(purchase) of derivative instruments	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$1.48M	USD	2 Qtrs
Proceeds from sale/(purchase) of derivative instruments	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-472.00K	USD	2 Qtrs
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.40B	USD	2 Qtrs
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$280.47M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.00M	USD	2 Qtrs
Proceeds from issuances of redeemable convertible preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$-5.00M	USD	2 Qtrs
Proceeds from issuances of redeemable convertible preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	2 Qtrs
Payments for common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$9.16M	USD	2 Qtrs
Payments for common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Shares cancelled for tax withholding on vested equity rewards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Shares cancelled for tax withholding on vested equity rewards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$812.00K	USD	2 Qtrs
Borrowings on collateralized loan obligations	`ProceedsFromIssuanceOfSecuredDebt`	$1.62B	USD	2 Qtrs
Borrowings on collateralized loan obligations	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	2 Qtrs
Repayments of collateralized loan obligations	`RepaymentsOfSecuredDebt`	$579.94M	USD	2 Qtrs
Repayments of collateralized loan obligations	`RepaymentsOfSecuredDebt`	$89.89M	USD	2 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResellLoansReceivable`	$417.48M	USD	2 Qtrs
Borrowings on repurchase agreements - commercial mortgage loans	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResellLoansReceivable`	$1.49B	USD	2 Qtrs
Repayments of repurchase agreements - commercial mortgage loans	`PaymentsFromSecuritiesPurchasedUnderAgreementsToResellLoansReceivable`	$1.67B	USD	2 Qtrs
Repayments of repurchase agreements - commercial mortgage loans	`PaymentsFromSecuritiesPurchasedUnderAgreementsToResellLoansReceivable`	$403.30M	USD	2 Qtrs
Borrowings on repurchase agreements - real estate securities	`ProceedsFromRealEstateSecurityRepurchaseAgreements`	$17.15B	USD	2 Qtrs
Borrowings on repurchase agreements - real estate securities	`ProceedsFromRealEstateSecurityRepurchaseAgreements`	$596.19M	USD	2 Qtrs
Repayments of repurchase agreements - real estate securities	`PaymentsForRealEstateSecurityRepurchaseAgreements`	$746.20M	USD	2 Qtrs
Repayments of repurchase agreements - real estate securities	`PaymentsForRealEstateSecurityRepurchaseAgreements`	$21.03B	USD	2 Qtrs
Proceeds from other financing and loan participation - commercial mortgage loans	`ProceedsFromOtherDebt`	-	USD	2 Qtrs
Proceeds from other financing and loan participation - commercial mortgage loans	`ProceedsFromOtherDebt`	$9.28M	USD	2 Qtrs
Borrowings on other financing	`ProceedsFromOtherFinancingActivities`	$46.84M	USD	2 Qtrs
Borrowings on other financing	`ProceedsFromOtherFinancingActivities`	-	USD	2 Qtrs
Repayments on other financing	`PaymentsForOtherFinancingActivities`	$40.80M	USD	2 Qtrs
Repayments on other financing	`PaymentsForOtherFinancingActivities`	-	USD	2 Qtrs
Repayments of unsecured debt	`RepaymentsOfUnsecuredDebt`	$13.37M	USD	2 Qtrs
Repayments of unsecured debt	`RepaymentsOfUnsecuredDebt`	$50.00M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$2.03M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$8.46M	USD	2 Qtrs
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	$259.00K	USD	2 Qtrs
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Cash collateral received on interest rate swaps	`ProceedsFromCashCollateralReceivedOnDerivativeInstruments`	-	USD	2 Qtrs
Cash collateral received on interest rate swaps	`ProceedsFromCashCollateralReceivedOnDerivativeInstruments`	$55.09M	USD	2 Qtrs
Proceeds from interest rate swap settlements	`ProceedsFromDerivativeInstrumentFinancingActivities`	-	USD	2 Qtrs
Proceeds from interest rate swap settlements	`ProceedsFromDerivativeInstrumentFinancingActivities`	$6.95M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividends`	$67.05M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividends`	$71.92M	USD	2 Qtrs
Net cash (used in)/provided by financing activities:	`NetCashProvidedByUsedInFinancingActivities`	$-317.23M	USD	2 Qtrs
Net cash (used in)/provided by financing activities:	`NetCashProvidedByUsedInFinancingActivities`	$-3.08B	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$288.97M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$41.65M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$457.17M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.14M	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$190.49M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$457.17M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$168.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$190.49M	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`	$154.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$445.81M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$224.70M	USD	Point-in-time
Restricted cash, beginning of period	`RestrictedCashAndCashEquivalents`	$11.35M	USD	Point-in-time
Restricted cash, beginning of period	`RestrictedCashAndCashEquivalents`	$7.44M	USD	Point-in-time
Restricted cash, beginning of period	`RestrictedCashAndCashEquivalents`	$11.17M	USD	Point-in-time
Restricted cash, beginning of period	`RestrictedCashAndCashEquivalents`	$13.27M	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`	$154.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$445.81M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$224.70M	USD	Point-in-time
Restricted cash, end of period	`RestrictedCashAndCashEquivalents`	$11.35M	USD	Point-in-time
Restricted cash, end of period	`RestrictedCashAndCashEquivalents`	$7.44M	USD	Point-in-time
Restricted cash, end of period	`RestrictedCashAndCashEquivalents`	$11.17M	USD	Point-in-time
Restricted cash, end of period	`RestrictedCashAndCashEquivalents`	$13.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$457.17M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$168.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$190.49M	USD	Point-in-time
Cash payments for income taxes	`IncomeTaxesPaidNet`	$3.12M	USD	2 Qtrs
Cash payments for income taxes	`IncomeTaxesPaidNet`	$313.00K	USD	2 Qtrs
Cash payments for interest	`InterestPaidNet`	$45.10M	USD	2 Qtrs
Cash payments for interest	`InterestPaidNet`	$142.53M	USD	2 Qtrs
Distribution payable	`DividendsPayableCurrentAndNoncurrent`	$36.32M	USD	Point-in-time
Distribution payable	`DividendsPayableCurrentAndNoncurrent`	$36.22M	USD	Point-in-time
Distribution payable	`DividendsPayableCurrentAndNoncurrent`	$36.80M	USD	Point-in-time
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	$769.00K	USD	2 Qtrs
Common stock issued through distribution reinvestment plan	`CommonStockIssuedDividendReinvestmentInvestmentPlan`	$91.00K	USD	2 Qtrs
Real estate owned received in foreclosure	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	-	USD	2 Qtrs
Real estate owned received in foreclosure	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$58.98M	USD	2 Qtrs
Loans transferred to real estate owned, held for sale	`RealEstateOwnedTransferToRealEstateOwnedHeldForSale`	-	USD	2 Qtrs
Loans transferred to real estate owned, held for sale	`RealEstateOwnedTransferToRealEstateOwnedHeldForSale`	$4.07M	USD	2 Qtrs
Loans transferred to real estate owned, held for investment	`RealEstateOwnedTransferToRealEstateOwnedHeldForInvestment`	$59.66M	USD	2 Qtrs
Loans transferred to real estate owned, held for investment	`RealEstateOwnedTransferToRealEstateOwnedHeldForInvestment`	-	USD	2 Qtrs

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.65B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	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`	$1.59B	USD	Point-in-time
Common stock repurchases (in shares)	`StockRepurchasedDuringPeriodShares`	444,726.00	shares	1 Quarter
Common stock repurchases (in shares)	`StockRepurchasedDuringPeriodShares`	758,137.00	shares	2 Qtrs
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$5.50M	USD	1 Quarter
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$3.67M	USD	1 Quarter
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$9.20M	USD	2 Qtrs
Common stock issued through distribution reinvestment plan	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$91.00K	USD	1 Quarter
Common stock issued through distribution reinvestment plan	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$769.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$500.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.23M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$721.00K	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
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts`	$-259.00K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$83.43M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-22.51M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$39.60M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$43.83M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-48.22M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-25.71M	USD	1 Quarter
Net income/(loss) attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$50.00K	USD	2 Qtrs
Net income/(loss) attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.00K	USD	1 Quarter
Net income/(loss) attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$41.00K	USD	1 Quarter
Net income/(loss) attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net income/(loss) attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Distributions declared	`Dividends`	$36.74M	USD	1 Quarter
Distributions declared	`Dividends`	$36.37M	USD	1 Quarter
Distributions declared	`Dividends`	$36.22M	USD	1 Quarter
Distributions declared	`Dividends`	$36.85M	USD	1 Quarter
Other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.33M	USD	1 Quarter
Other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTax`	$636.00K	USD	1 Quarter
Other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTax`	$62.00K	USD	1 Quarter
Contributions in non-controlling interest, net	`NoncontrollingInterestIncreaseFromBusinessCombination`	$8.52M	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`	$1.60B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	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`	$1.59B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`ProfitLoss`	$-25.71M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$-48.22M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$83.48M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$39.64M	USD	1 Quarter
Change in net unrealized gain/(loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$636.00K	USD	1 Quarter
Change in net unrealized gain/(loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.01M	USD	2 Qtrs
Change in net unrealized gain/(loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Change in net unrealized gain/(loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Reclassification adjustment for amounts included in net income/(loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$677.00K	USD	2 Qtrs
Reclassification adjustment for amounts included in net income/(loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	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`	-	USD	2 Qtrs
Total unrealized gain (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$636.00K	USD	1 Quarter
Total unrealized gain (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Total unrealized gain (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.69M	USD	2 Qtrs
Total unrealized gain (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	2 Qtrs
Change in net unrealized gain/(loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	2 Qtrs
Change in net unrealized gain/(loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	1 Quarter
Change in net unrealized gain/(loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-220.00K	USD	2 Qtrs
Change in net unrealized gain/(loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	1 Quarter
Reclassification adjustment for amounts included in net income/(loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	-	USD	1 Quarter
Reclassification adjustment for amounts included in net income/(loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-282.00K	USD	2 Qtrs
Reclassification adjustment for amounts included in net income/(loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	-	USD	2 Qtrs
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`	-	USD	2 Qtrs
Total unrealized gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Total unrealized gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$62.00K	USD	2 Qtrs
Comprehensive (income)/loss attributed to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$50.00K	USD	2 Qtrs
Comprehensive (income)/loss attributed to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$41.00K	USD	1 Quarter
Comprehensive (income)/loss attributed to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive (income)/loss attributed to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Comprehensive income/(loss) attributable to Franklin BSP Realty Trust, Inc.	`ComprehensiveIncomeNetOfTax`	$-48.15M	USD	2 Qtrs
Comprehensive income/(loss) attributable to Franklin BSP Realty Trust, Inc.	`ComprehensiveIncomeNetOfTax`	$40.24M	USD	1 Quarter
Comprehensive income/(loss) attributable to Franklin BSP Realty Trust, Inc.	`ComprehensiveIncomeNetOfTax`	$81.74M	USD	2 Qtrs
Comprehensive income/(loss) attributable to Franklin BSP Realty Trust, Inc.	`ComprehensiveIncomeNetOfTax`	$-25.71M	USD	1 Quarter

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