Franklin BSP Realty Trust GAAP net income drops to $28.57 million in 1H FY26 from $48.09 million in 1H FY25
Reuters2026/07/29 21:21- Franklin BSP Realty Trust posted GAAP net income of USD 28.57 million, down 40.59%, with diluted EPS of USD 0.19 versus USD 0.40.
- Net interest income fell 32.92% to USD 55.14 million as interest income dropped 15.86% to USD 189.4 million.
- Provision for credit losses swung to USD 18.63 million from a USD 3.38 million benefit.
- Gain on sales, including fee-based services, net climbed to USD 37.1 million from USD 5.3 million, driven by USD 26.2 million in the Agency Business.
- Commercial mortgage loans on non-performing status rose to nine loans with USD 344.2 million amortized cost from seven loans with USD 214 million.
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