Franklin BSP Realty Trust, Inc. operates as a real estate investment trust that originates, acquires, and manages a portfolio of commercial real estate debt investments secured by properties located in the United States and internationally. It operates in real estate debt, real estate securities, commercial real estate conduit, and real estate owned businesses. The company's commercial real estate debt investments include first and subordinated mortgage loans, mezzanine loans, bridge loans, and other loans related to commercial real estate. In addition, it invests in commercial real estate securities, as well as originates conduit loans. The company qualifies as a real estate investment trust for federal income tax purposes. The company was formerly known as Realty Finance Trust, Inc. and changed its name to Franklin BSP Realty Trust, Inc. in October 2021. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
IPO Year: 2021
Exchange: NYSE
Website: bsprealtytrust.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/12/2024 | $16.00 | Buy | Janney |
| 7/19/2024 | $16.00 | Buy | BTIG Research |
| 4/12/2024 | $15.00 | Outperform → Strong Buy | Raymond James |
| 1/10/2024 | $15.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 4/25/2023 | $13.50 | Buy | BTIG Research |
| 4/4/2023 | $13.50 | Outperform | Raymond James |
| 9/28/2022 | $16.00 | Buy | B. Riley Securities |
| 8/18/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 3/10/2022 | $15.00 | Mkt Outperform | JMP Securities |
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
8-K - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
8-K - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
424B3 - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
424B5 - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
S-3ASR - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
8-K - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
10-Q - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
8-K - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
8-K - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
10-Q - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
Benefit Street Partners L.L.C. ("BSP" or the "Company") today announced the closing of a $120 million senior loan and a $15 million mezzanine loan, together aggregating a $135 million loan package, facilitating the refinancing of the Empire Hotel. The Empire Hotel is a 427-key hotel located in the Upper West Side neighborhood of Manhattan, NY. The property was built in 1901 and underwent a comprehensive renovation in 2013. BSP allocated the loans across its commercial real estate platform, including a portion to Franklin BSP Realty Trust, Inc. (NYSE:FBRT). Michael Comparato, Head of Commercial Real Estate for BSP, commented: "The Empire Hotel represents a strategic addition to our comme
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced that it will release its fourth quarter 2024 results on Thursday, February 13, 2025, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Friday, February 14, 2025, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10195037/fe18cf47ce. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced its Board of Directors has declared a fourth quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about January 10, 2025, to common stockholders of record as of December 31, 2024. The Board of Directors also declared a fourth quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT's Board of Directors also declared a fourth quarter 2024 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE:FBRTPRE). This dividend is payable on January 15, 2025, to Series E pr
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter ended September 30, 2024. Reported GAAP net income (loss) of $30.2 million for the three months ended September 30, 2024, compared to $(3.8) million for the three months ended June 30, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $0.30 for the three months ended September 30, 2024, compared to $(0.11) for the three months ended June 30, 2024. Reported Distributable Earnings (a non-GAAP financial measure) of $(4.0) million, or $(0.10) per diluted common share on a fully converted basis(1), for the three months ended September 30, 2024, compa
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) today announced that it will release its third quarter 2024 results on Monday, November 4, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, November 5, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10193610/fdb52ca66a. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166 (Domestic) or (412) 317-57
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) today announced the closing of BSPRT 2024-FL11 ("FL11"), a $1.024 billion managed Commercial Real Estate Collateralized Loan Obligation. FL11 features a 36-month reinvestment period and includes a $100 million, all multifamily 180-day ramp-up acquisition period. The transaction has an initial advance rate of 86.5% and a weighted average interest rate of 1M CME Term SOFR+1.99% before accounting for discount and transaction costs. Michael Comparato, President of FBRT, commented: "We are excited to announce the successful closing of FL11. Year-to-date, FBRT has been very active originating loans in the middle market, with a meaningful amount of thos
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced its Board of Directors has declared a third quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about October 10, 2024 to common stockholders of record as of September 30, 2024. The Board of Directors also declared a third quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT's Board of Directors also declared a third quarter 2024 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE:FBRTPRE). This dividend is payable on October 15, 2024 to Series E preferr
Benefit Street Partners L.L.C. ("BSP" or the "Company") today announced the closing of three floating-rate, cross-collateralized senior loans aggregating $265 million on a multifamily portfolio. The portfolio comprises 1,262 units of class A multifamily product across three properties located in Saint John's County, Florida. Electra Capital Advisors, LLC provided three co-terminus mezzanine loans aggregating $60 million. The loan's sponsor, Gatlin Development, is a repeat borrower of BSP. BSP was the original construction lender for all three assets, which were completed in 2023 and 2024. BSP allocated the loan across its commercial real estate platform, including $136.4 million to Frankli
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter ended June 30, 2024. Reported GAAP net income (loss) of $(3.8) million for the three months ended June 30, 2024, compared to $35.8 million for the three months ended March 31, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $(0.11) for the three months ended June 30, 2024, compared to $0.35 for the three months ended March 31, 2024. Reported Distributable Earnings (a non-GAAP financial measure) of $32.4 million, or $0.31 per diluted common share on a fully converted basis(1), for the three months ended June 30, 2024, compared to $41.0 millio
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced that it will release its second quarter 2024 results on Wednesday, July 31, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, August 1, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10190149/fcd91dd337. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced that it will release its fourth quarter 2024 results on Thursday, February 13, 2025, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Friday, February 14, 2025, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10195037/fe18cf47ce. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced its Board of Directors has declared a fourth quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about January 10, 2025, to common stockholders of record as of December 31, 2024. The Board of Directors also declared a fourth quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT's Board of Directors also declared a fourth quarter 2024 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE:FBRTPRE). This dividend is payable on January 15, 2025, to Series E pr
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter ended September 30, 2024. Reported GAAP net income (loss) of $30.2 million for the three months ended September 30, 2024, compared to $(3.8) million for the three months ended June 30, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $0.30 for the three months ended September 30, 2024, compared to $(0.11) for the three months ended June 30, 2024. Reported Distributable Earnings (a non-GAAP financial measure) of $(4.0) million, or $(0.10) per diluted common share on a fully converted basis(1), for the three months ended September 30, 2024, compa
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) today announced that it will release its third quarter 2024 results on Monday, November 4, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, November 5, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10193610/fdb52ca66a. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166 (Domestic) or (412) 317-57
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced its Board of Directors has declared a third quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about October 10, 2024 to common stockholders of record as of September 30, 2024. The Board of Directors also declared a third quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT's Board of Directors also declared a third quarter 2024 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE:FBRTPRE). This dividend is payable on October 15, 2024 to Series E preferr
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter ended June 30, 2024. Reported GAAP net income (loss) of $(3.8) million for the three months ended June 30, 2024, compared to $35.8 million for the three months ended March 31, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $(0.11) for the three months ended June 30, 2024, compared to $0.35 for the three months ended March 31, 2024. Reported Distributable Earnings (a non-GAAP financial measure) of $32.4 million, or $0.31 per diluted common share on a fully converted basis(1), for the three months ended June 30, 2024, compared to $41.0 millio
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced that it will release its second quarter 2024 results on Wednesday, July 31, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, August 1, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10190149/fcd91dd337. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced its Board of Directors has declared a second quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about July 10, 2024 to common stockholders of record as of June 28, 2024. The Board of Directors also declared a second quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT's Board of Directors also declared a second quarter 2024 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE:FBRTPRE). This dividend is payable on July 15, 2024 to Series E preferred stoc
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter ended March 31, 2024. Reported GAAP net income of $35.8 million for the three months ended March 31, 2024, compared to $30.0 million for the three months ended December 31, 2023. Reported diluted earnings per share ("EPS") to common stockholders of $0.35 for the three months ended March 31, 2024, compared to $0.28 for the three months ended December 31, 2023. Reported Distributable Earnings (a non-GAAP financial measure) of $41.0 million, or $0.41 per diluted common share on a fully converted basis(1), for the three months ended March 31, 2024, compared to $39.3 millio
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced that it will release its first quarter 2024 results on Monday, April 29, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, April 30, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10187136/fbca98b380. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166 (Do
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced the appointment of Michael Comparato as its new President. Richard J. Byrne, who previously served as President, will continue to serve as Chairman of the Board of Directors and Chief Executive Officer. Mr. Comparato is a managing director with Benefit Street Partners L.L.C. ("BSP"), the Company's external manager, and has served as Head of Commercial Real Estate for BSP since 2017. Since BSP took over the role of external manager of FBRT, Mr. Comparato has played a leading role for BSP in fulfilling its duties under the advisory agreement, running day-to-day operations, including overseeing loan originat
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced the appointment of Joe Dumars to the FBRT Board of Directors, effective January 1, 2023. Following the appointment of Mr. Dumars, the Board will comprise eight directors, seven of whom will be independent. Mr. Dumars, 59, is an experienced executive, owner, and operator of multiple businesses with a track record of accomplishments based on individual contribution, leadership and team building. Mr. Dumars has been the EVP and head of basketball operations for the National Basketball Association ("NBA") since 2022. Previously, Mr. Dumars was the Chief Strategy Officer for the Sacramento Kings NBA franchise
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Janney initiated coverage of Franklin BSP Realty Trust with a rating of Buy and set a new price target of $16.00
BTIG Research resumed coverage of Franklin BSP Realty Trust with a rating of Buy and set a new price target of $16.00
Raymond James upgraded Franklin BSP Realty Trust from Outperform to Strong Buy and set a new price target of $15.00
JMP Securities upgraded Franklin BSP Realty Trust from Mkt Perform to Mkt Outperform and set a new price target of $15.00
BTIG Research initiated coverage of Franklin BSP Realty Trust with a rating of Buy and set a new price target of $13.50
Raymond James initiated coverage of Franklin BSP Realty Trust with a rating of Outperform and set a new price target of $13.50
B. Riley Securities initiated coverage of Franklin BSP Realty Trust with a rating of Buy and set a new price target of $16.00
JMP Securities downgraded Franklin BSP Realty Trust from Mkt Outperform to Mkt Perform
JMP Securities resumed coverage of Franklin BSP Realty Trust with a rating of Mkt Outperform and set a new price target of $15.00