v3.26.3
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income/(Loss)
Accumulated Deficit
Preferred E
Series E Preferred Stock
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2024     83,066,789          
Balance, beginning of period at Dec. 31, 2024 $ 1,520,057 $ 1,512,562 $ 818 $ 1,600,997 $ 79 $ (348,074) $ 258,742 $ 7,495
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 2,246 2,246 $ 4 2,242        
Shares canceled for tax withholding on vested equity rewards (in shares)     (196,020)          
Shares canceled for tax withholding on vested equity rewards (2,393) (2,393)   (2,393)        
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. 24,058 24,058       24,058    
Net income/(loss) attributable to non-controlling interest (353)             (353)
Distributions declared (36,440) (36,440)       (36,440)    
Other comprehensive income/(loss) (397) (397)     (397)      
Contributions/(distributions) in non-controlling interest, net (1,467)             (1,467)
Ending balance (in shares) at Mar. 31, 2025     82,870,769          
Balance, end of period at Mar. 31, 2025 1,505,311 1,499,636 $ 822 1,600,846 (318) (360,456) 258,742 5,675
Beginning balance (in shares) at Dec. 31, 2024     83,066,789          
Balance, beginning of period at Dec. 31, 2024 1,520,057 1,512,562 $ 818 1,600,997 79 (348,074) 258,742 7,495
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. 64,573              
Net income/(loss) attributable to non-controlling interest 1,132              
Ending balance (in shares) at Sep. 30, 2025     82,925,055          
Balance, end of period at Sep. 30, 2025 1,566,021 1,472,184 $ 822 1,605,399 62 (392,841) 258,742 93,837
Beginning balance (in shares) at Mar. 31, 2025     82,870,769          
Balance, beginning of period at Mar. 31, 2025 1,505,311 1,499,636 $ 822 1,600,846 (318) (360,456) 258,742 5,675
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation (in shares)     57,775          
Share-based compensation 2,316 2,316   2,316        
Shares canceled for tax withholding on vested equity rewards 0              
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. 23,201 23,201       23,201    
Net income/(loss) attributable to non-controlling interest 1,183             1,183
Distributions declared (36,455) (36,455)       (36,455)    
Other comprehensive income/(loss) 22 22     22      
Contributions/(distributions) in non-controlling interest, net 60             60
Ending balance (in shares) at Jun. 30, 2025     82,928,544          
Balance, end of period at Jun. 30, 2025 1,495,638 1,488,720 $ 822 1,603,162 (296) (373,710) 258,742 6,918
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation (in shares)     (3,489)          
Share-based compensation 2,237 2,237   2,237        
Shares canceled for tax withholding on vested equity rewards 0              
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. 17,314 17,314       17,314    
Net income/(loss) attributable to non-controlling interest 302             302
Distributions declared (36,445) (36,445)       (36,445)    
Other comprehensive income/(loss) 358 358     358      
Contributions/(distributions) in non-controlling interest, net 86,617             86,617
Ending balance (in shares) at Sep. 30, 2025     82,925,055          
Balance, end of period at Sep. 30, 2025 $ 1,566,021 1,472,184 $ 822 1,605,399 62 (392,841) 258,742 93,837
Beginning balance (in shares) at Dec. 31, 2025 81,553,982   81,553,982          
Balance, beginning of period at Dec. 31, 2025 $ 1,531,477 1,441,530 $ 808 1,593,365 (284) (411,101) 258,742 89,947
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock repurchases (in shares)     (4,361,596)          
Common stock repurchases (39,823) (39,823) $ (44) (39,779)        
Share-based compensation (in shares)     241,659          
Share-based compensation 2,403 2,403 $ (9) 2,412        
Shares canceled for tax withholding on vested equity rewards (in shares)     (219,141)          
Shares canceled for tax withholding on vested equity rewards (2,228) (2,228)   (2,228)        
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. 11,980 11,980       11,980    
Net income/(loss) attributable to non-controlling interest 312             312
Distributions declared (21,622) (21,622)       (21,622)    
Other comprehensive income/(loss) (772) (772)     (772)      
Contributions/(distributions) in non-controlling interest, net (1,681)             (1,681)
Ending balance (in shares) at Mar. 31, 2026     77,214,904          
Balance, end of period at Mar. 31, 2026 $ 1,480,046 1,391,468 $ 755 1,553,770 (1,056) (420,743) 258,742 88,578
Beginning balance (in shares) at Dec. 31, 2025 81,553,982   81,553,982          
Balance, beginning of period at Dec. 31, 2025 $ 1,531,477 1,441,530 $ 808 1,593,365 (284) (411,101) 258,742 89,947
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock repurchases (in shares)     (13,634,199)          
Common stock repurchases (116,300)              
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. 865              
Net income/(loss) attributable to non-controlling interest $ 660              
Ending balance (in shares) at Sep. 30, 2026 75,881,209   75,881,209          
Balance, end of period at Sep. 30, 2026 $ 1,352,387 1,346,232 $ 755 1,561,187 0 (474,452) 258,742 6,155
Beginning balance (in shares) at Mar. 31, 2026     77,214,904          
Balance, beginning of period at Mar. 31, 2026 1,480,046 1,391,468 $ 755 1,553,770 (1,056) (420,743) 258,742 88,578
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock repurchases (in shares)     (1,838,855)          
Common stock repurchases (16,000) (16,000) $ (18) (15,982)        
Share-based compensation (in shares)     60,216          
Share-based compensation 2,457 2,457 $ 13 2,444        
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. 15,569 15,569       15,569    
Net income/(loss) attributable to non-controlling interest 706             706
Distributions declared (21,268) (21,268)       (21,268)    
Other comprehensive income/(loss) 398 398     398      
Contributions/(distributions) in non-controlling interest, net (2,423)             (2,423)
Ending balance (in shares) at Jun. 30, 2026     75,436,265          
Balance, end of period at Jun. 30, 2026 1,459,485 1,372,624 $ 750 1,540,232 (658) (426,442) 258,742 86,861
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock repurchases (in shares)     (7,433,748)          
Common stock repurchases (60,499) (60,499) $ (74) (60,425)        
Share-based compensation 1,208 1,208   1,208        
Shares canceled for tax withholding on vested equity rewards (in shares)     (39,622)          
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. (26,684) (26,684)       (26,684)    
Net income/(loss) attributable to non-controlling interest (358)             (358)
Distributions declared (21,326) (21,326)       (21,326)    
Other comprehensive income/(loss) 658 658     658      
Contributions/(distributions) in non-controlling interest, net (97)             (97)
Conversion of OP units to common stock (in shares)     7,918,314          
Conversion of OP Units to common stock $ 0 80,251 $ 79 80,172       (80,251)
Ending balance (in shares) at Sep. 30, 2026 75,881,209   75,881,209          
Balance, end of period at Sep. 30, 2026 $ 1,352,387 $ 1,346,232 $ 755 $ 1,561,187 $ 0 $ (474,452) $ 258,742 $ 6,155