Franklin BSP Realty Trust Inc.

$FBRT
Real Estate Investment Trusts
Real Estate

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

Peers

$AFIN

Recent Analyst Ratings for Franklin BSP Realty Trust Inc.

DatePrice TargetRatingAnalyst
12/12/2024$16.00Buy
Janney
7/19/2024$16.00Buy
BTIG Research
4/12/2024$15.00Outperform → Strong Buy
Raymond James
1/10/2024$15.00Mkt Perform → Mkt Outperform
JMP Securities
4/25/2023$13.50Buy
BTIG Research
4/4/2023$13.50Outperform
Raymond James
9/28/2022$16.00Buy
B. Riley Securities
8/18/2022Mkt Outperform → Mkt Perform
JMP Securities
3/10/2022$15.00Mkt Outperform
JMP Securities
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Franklin BSP Realty Trust Inc. Press Releases

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  • Franklin BSP Realty Trust, Inc. Announces First Quarter 2025 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

    Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced its Board of Directors declared a first quarter 2025 dividend of $0.355 per common share. The dividend is payable on or about April 10, 2025, to common stockholders of record as of March 31, 2025. The Board of Directors also declared a first quarter 2025 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 first quarter 2025 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE:FBRTPRE). This dividend is payable on April 15, 2025, to Series E preferred stockho

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Acquisition of NewPoint Holdings JV LLC

    Creating a Comprehensive One-Stop Client Solution, Enhancing Long-Term Stockholder Value Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company"), a leading real estate investment trust, today announced that it has entered into a definitive agreement to acquire NewPoint Holdings JV LLC ("NewPoint"), a privately held commercial real estate finance company headquartered in Plano, Texas. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions, including regulatory approvals. Richard Byrne, CEO of FBRT and Chairman of the FBRT Board of Directors, said, "We are pleased to announce our acquisition of NewPoint, which is a transforma

    $BEN
    $FBRT
    Investment Managers
    Finance
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Fourth Quarter and Full Year 2024 Results

    Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter and full year ended December 31, 2024. Reported GAAP net income of $30.2 million and $92.4 million for the three and twelve months ended December 31, 2024, respectively, compared to $30.0 million and $144.5 million for the three and twelve months ended December 31, 2023, respectively. Reported diluted earnings per share ("EPS") to common stockholders of $0.29 and $0.82 for the three and twelve months ended December 31, 2024, respectively, compared to $0.28 and $1.42 for the three and twelve months ended December 31, 2023, respectively. Reported Distributable Earnings (

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Benefit Street Partners L.L.C. Announces Closing of a $135 Million Loan Package on The Empire Hotel

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Schedules Fourth Quarter 2024 Earnings Release and Conference Call

    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-

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Results

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Closing of a $1.024 Billion CRE CLO

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate

Franklin BSP Realty Trust Inc. Analyst Ratings

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Franklin BSP Realty Trust Inc. Insider Trading

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Franklin BSP Realty Trust Inc. SEC Filings

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Franklin BSP Realty Trust Inc. Leadership Updates

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  • Franklin BSP Realty Trust, Inc. Appoints Michael Comparato as President

    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

    $FBRT
    $LADR
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Appointment of Joe Dumars to the Board of Directors

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate

Franklin BSP Realty Trust Inc. Financials

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  • Franklin BSP Realty Trust, Inc. Announces First Quarter 2025 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

    Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced its Board of Directors declared a first quarter 2025 dividend of $0.355 per common share. The dividend is payable on or about April 10, 2025, to common stockholders of record as of March 31, 2025. The Board of Directors also declared a first quarter 2025 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 first quarter 2025 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE:FBRTPRE). This dividend is payable on April 15, 2025, to Series E preferred stockho

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Acquisition of NewPoint Holdings JV LLC

    Creating a Comprehensive One-Stop Client Solution, Enhancing Long-Term Stockholder Value Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company"), a leading real estate investment trust, today announced that it has entered into a definitive agreement to acquire NewPoint Holdings JV LLC ("NewPoint"), a privately held commercial real estate finance company headquartered in Plano, Texas. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions, including regulatory approvals. Richard Byrne, CEO of FBRT and Chairman of the FBRT Board of Directors, said, "We are pleased to announce our acquisition of NewPoint, which is a transforma

    $BEN
    $FBRT
    Investment Managers
    Finance
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Fourth Quarter and Full Year 2024 Results

    Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter and full year ended December 31, 2024. Reported GAAP net income of $30.2 million and $92.4 million for the three and twelve months ended December 31, 2024, respectively, compared to $30.0 million and $144.5 million for the three and twelve months ended December 31, 2023, respectively. Reported diluted earnings per share ("EPS") to common stockholders of $0.29 and $0.82 for the three and twelve months ended December 31, 2024, respectively, compared to $0.28 and $1.42 for the three and twelve months ended December 31, 2023, respectively. Reported Distributable Earnings (

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Schedules Fourth Quarter 2024 Earnings Release and Conference Call

    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-

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Results

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Announces Second Quarter 2024 Results

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate
  • Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

    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

    $FBRT
    Real Estate Investment Trusts
    Real Estate

Franklin BSP Realty Trust Inc. Large Ownership Changes

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