Franklin BSP Realty Trust(US:FBRT) Businesswireยท2025-10-29 21:00Core Insights - Franklin BSP Realty Trust, Inc. reported a GAAP net income of $17.6 million for Q3 2025, a decrease from $24.4 million in Q2 2025, with diluted earnings per share (EPS) of $0.12 compared to $0.19 in the previous quarter [2][3] Financial Performance - Distributable Earnings for Q3 2025 were $26.7 million, or $0.22 per diluted common share, down from $29.0 million, or $0.27 per diluted common share in Q2 2025 [3] - The company declared a common stock cash dividend of $0.355, representing an annualized yield of 10.0% on book value, with a book value of $14.29 per diluted common share [7][11] Portfolio and Investment Activity - The company closed $304.2 million in new loan commitments and funded $195.7 million in principal balance on new and existing loans during Q3 2025 [5][7] - The core portfolio consists of a principal balance of $4.4 billion across 147 loans, with 75.0% collateralized by multifamily properties [7] - The agency segment originated $2.2 billion in new loan commitments under programs with Fannie Mae, Freddie Mac, and HUD, with a servicing portfolio of $47.3 billion [8] Subsequent Events - On October 15, 2025, the company closed a $1.1 billion commercial real estate mortgage securitization transaction [13] - The company has $25.6 million remaining under its $65.0 million share repurchase program, which extends through December 31, 2026 [12] Allowance for Credit Losses - The company recognized a benefit for credit losses of $0.6 million, which included a $1.5 million general allowance benefit and a $1.0 million net benefit allowance for loss sharing [10]