v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income        
Interest income $ 14,206 $ 2,198 $ 24,685 $ 2,198
Less: interest expense (7,738) (1,044) (13,130) (1,044)
Net interest income 6,468 1,154 11,555 1,154
Fee and other income 803 799 1,403 799
Total income 7,271 1,953 12,958 1,953
Expenses        
Administrative fees 615 1,520 1,264 1,520
General and administrative expenses 710 544 1,172 544
Financing fees 429 387 875 387
Management & performance fees - related party 968 87 1,834 87
Organizational cost 0 1,053 0 1,053
Accounting fees 178 387 379 387
Total expenses 2,900 3,978 5,524 3,978
Other gain (loss)        
Unrealized gain (loss) on real estate securities, at fair value 217 135 (313) 135
Total other gain (loss) 217 135 (313) 135
Net income (loss) 4,588 (1,890) 7,121 (1,890)
Net income attributable to non-controlling interest (789) 0 (1,025) 0
Net income (loss) attributable to Franklin BSP Real Estate Debt, Inc. $ 3,799 $ (1,890) $ 6,096 $ (1,890)
Earnings Per Share [Abstract]        
Net income (loss) per common shares, basic (in dollars per share) $ 0.39 $ (0.78) $ 0.69 $ (0.78)
Net income (loss) per common share, diluted (in dollars per share) $ 0.39 $ (0.78) $ 0.69 $ (0.78)
Weighted average common shares outstanding, basic (in shares) 9,698,412 2,412,678 8,816,085 2,412,678
Weighted average common shares outstanding, diluted (in shares) 9,698,412 2,412,678 8,816,085 2,412,678