Franklin BSP Realty Trust (FBRT) reported second-quarter 2026 GAAP net income of $16.3 million, or $0.12 per diluted common share, for the quarter ended June 30, 2026. Total income was $65.3 million, compared with $49.3 million in the year-earlier quarter.
The company said GAAP book value was $14.24 per diluted common share on a fully converted basis. FBRT also repurchased common stock during the quarter and reauthorized a $50.0 million share repurchase program through Dec. 31, 2026.
- Distributable earnings, a non-GAAP measure, were $28.3 million, or $0.25 per diluted common share on a fully converted basis.
- The company declared a second-quarter common stock cash dividend of $0.20.
- Total liquidity was $796.7 million, including $136.3 million in cash and cash equivalents.
- FBRT repurchased 1,838,855 common shares at an average price of $8.70 for an aggregate $16.0 million.
- The core portfolio totaled $4.3 billion across 172 loans, with 80% collateralized by multifamily properties.
- The Agency Business segment managed a servicing portfolio of $59.8 billion and originated $398.8 million of new commitments.
