Franklin BSP Realty Trust GAAP net income drops to $28.57 million in 1H FY26 from $48.09 million in 1H FY25
FBRT•First-half GAAP net income declines
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 and interest income fall
Net interest income fell 32.92% to USD 55.14 million as interest income dropped 15.86% to USD 189.4 million.
Non-performing commercial mortgage loans increase
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.
Credit losses and sales gains move in opposite directions
Provision for credit losses swung to USD 18.63 million from a USD 3.38 million benefit.
