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Franklin BSP Real Estate Debt cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$7.0M in Q2 2026 · $16.3M over twelve months

Operating cash flow$7.0M
Free cash flow+$7.0M
Cash / net income1.9×

Analysis

In Q2 2026, Franklin BSP Real Estate Debt generated $7.0M of operating cash flow. That is $5.4M more than in Q2 2025 ($1.6M).

Over the twelve months to Jun 30, 2026, operating cash flow was $16.3M; the largest uses were other investing ($700M), net borrowing (+) / repaid (−) ($29.6M), dividends ($13.6M); besides operations, cash came from other financing ($521M), shares issued ($189M); the cash balance rose by $14.2M.

Operating cash flow was $7.0M against net income of $3.8M — 1.9× profit, cash ran ahead of reported earnings. The largest differences: accrued liabilities +$119K, prepaid and other assets −$107K.

Free cash flow

Franklin BSP Real Estate Debt: free cash flow by quarterFranklin BSP Real Estate Debt: free cash flow by quarter$1.6MQ2 2025$3.1MQ3 2025$3.0MQ4 2025$3.2MQ1 2026$7.0MQ2 2026
Operating cash flow less capital spending.
Franklin BSP Real Estate Debt: operating cash flow against capital spendingFranklin BSP Real Estate Debt: operating cash flow against capital spendingOperating cash flowCapital spending$1.6M$0Q2 2025$3.1M$0Q3 2025$3.0M$0Q4 2025$3.2M$0Q1 2026$7.0M$0Q2 2026
Latest (Q2 2026): Operating cash flow $7.0M, Capital spending $0.

Cash runway and the debt wall

Cash & investments$37.6M
Debtnone
Net cash$37.6M

Franklin BSP Real Estate Debt funds itself: free cash flow was $16.3M over the last twelve months, with $37.6M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Franklin BSP Real Estate Debt: sources (+) and uses (−) of cash, Q2 2026Franklin BSP Real Estate Debt: sources (+) and uses (−) of cash, Q2 2026Other investing−$182MOther financing$101MShares issued$59.3MNet borrowing (+) / repaid (−)$34.5MCash drawn (+) / kept (−)−$22.0MOperating cash flow$7.0MPartners$6.9MDividends−$5.0M
Franklin BSP Real Estate Debt: sources (+) and uses (−) of cash, TTM to Q2 2026Franklin BSP Real Estate Debt: sources (+) and uses (−) of cash, TTM to Q2 2026Other investing−$700MOther financing$521MShares issued$189MPartners$31.7MNet borrowing (+) / repaid (−)−$29.6MOperating cash flow$16.3MCash drawn (+) / kept (−)−$14.2MDividends−$13.6M

From profit to cash

Franklin BSP Real Estate Debt: net income to operating cash flow, Q2 2026Franklin BSP Real Estate Debt: net income to operating cash flow, Q2 2026Net income$4.6MAccrued liabilities$119KPrepaid and other assets−$107KOperating cash flow$7.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$7.0M−$5.0M$34.5M$59.3M−$22.0M$7.0M
Q1 2026$3.2M−$3.9M−$11.1M$28.6M−$8.4M$3.2M
Q4 2025$3.0M−$2.8M$59.1M$48.8M$11.2M$3.0M
Q3 2025$3.1M−$1.9M—$51.9M$4.9M$3.1M
Q2 2025$1.6M—$136M$79.3M−$1.6M$1.6M

Franklin BSP Real Estate Debt: income statement and cash flow

Franklin BSP Real Estate Debt, Q2 2026: revenue $7.3M (+272% year over year), operating margin 60.1%. The chart follows the revenue to costs, profit and cash.

Franklin BSP Real Estate Debt: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.