)
Edge6 Feb 2026
SharkNinja: Viral by Design
How SharkNinja built a repeatable growth engine, turning overlooked appliance categories into global brands through consumer insight and iteration.
Franklin BSP Realty Trust
Franklin BSP Realty Trust (FBRT) investor relations material
Franklin BSP Realty Trust Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Reported GAAP net income of $18.4M ($0.13 per share) for Q4 2025, with distributable earnings of $17.9M ($0.12 per share), including $9.8M in realized losses, and a fully converted book value per share of $14.15.
FY 2025 marked a transition year with the NewPoint acquisition, shifting focus to a diversified commercial real estate investment platform and resolving legacy assets.
Leadership changes included a new CEO and President, with the former CEO becoming Chairman for strategic oversight.
Repurchased $14.4M of common stock, resulting in $0.05 accretion to book value per share, with $50M authorized for future repurchases.
Declared a Q4 2025 dividend of $0.355 per share (10% annualized yield), with a subsequent reset to $0.20 per share to better align with earnings and support book value stability.
Financial highlights
Net interest income was $28.7M, operating expenses were $19.1M, and provision for credit loss was a $4.8M benefit.
Total assets at quarter-end were $6.06B, with total equity of $1.62B and net debt to equity of 2.5x.
Book value per share ended at $14.15, with distributable earnings per share (fully converted) at $0.12, and $0.22 before realized losses.
Closed $1.2B of new loan commitments in FY 2025 at a weighted average spread of 356 bps, and funded $1.2B in principal.
Declared full year common stock cash dividends of $1.42.
Outlook and guidance
NewPoint's distributable earnings are expected to run at $25M–$33M per year, with agency volumes projected at $4.5B–$5.5B in 2026.
Integration of BSP loan book to NewPoint servicing is on track for completion by mid-Q1 2026.
Core loan portfolio targeted to grow to $4.8B–$5B by year-end, with earnings expected to rise as legacy assets are resolved.
Dividend reset is not considered steady-state; management expects earnings to recover to $0.35–$0.36 per share.
Focus remains on delivering durable book value growth and matching yields to distributions.
Dividend reset's impact on book value growth
Outlook for resolving legacy 2021/2022 assets
NewPoint's strategic contribution and future growth
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Franklin BSP Realty Trust earnings date
Q1 202628 Apr, 2026
Franklin BSP Realty Trust
Next Franklin BSP Realty Trust earnings date
Q1 202628 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Franklin BSP Realty Trust Inc. operates as a real estate investment trust (REIT) that specializes in originating, acquiring, and managing a diverse portfolio of commercial real estate debt investments. These investments are primarily secured by properties located across the United States. The company's portfolio includes a range of commercial real estate debt instruments, such as first mortgage loans, mezzanine loans, bridge loans, and other related loans. FBRT also engages in originating conduit loans and investing in commercial real estate securities, in addition to owning real estate acquired through foreclosure or deed in lieu of foreclosure and purchased for investment purposes. The company is headquartered in NYC, and its shares are listed on the New York Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage