Franklin BSP Realty Trust Inc

Franklin BSP Realty Trust, Inc. operates as a real estate finance company. The firm originates, acquires and manages a diversified portfolio of commercial real estate debt investments secured by properties located within and outside the United States. It operates through the following segments: Real Estate Debt, Real Estate Securities, Commercial Conduit and Real Estate Owned Business. The Real Estate Debt business focuses on originating, acquiring and asset managing commercial real estate debt investments, including first mortgage loans, subordinate mortgages, mezzanine loans and participations in such loans. The Real Estate Securities business focuses on investing in and asset managing commercial real estate securities primarily consisting of CMBS and may include unsecured REIT debt, CDO notes and other securities. The Commercial Conduit business focuses on originating and subsequently selling fixed-rate commercial real estate loans into the CMBS securitization market. The Real Estate Owned business represents real estate acquired by the company through foreclosure, deed in lieu of foreclosure, or purchase. The company was founded on November 15, 2012 and is headquartered in New York, NY.

Earnings data Q4 2021

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

FBRT reports robust Q1 earnings, eyes construction lending opportunities

FBRT's Q1 2023 performance reflects strong financial results, strategic portfolio improvements, and a focus on multifamily loans and borrower relationships.
The company's strengths lie in its liquidity position, proactive portfolio management, and commitment to enhancing shareholder value through buybacks and earnings protection.
Challenges include market constraints, rising interest rates, and competition from banks, while opportunities in construction lending and borrower resolutions offer avenues for growth.
Overall, FBRT's balanced approach to risk management, focus on growth opportunities, and financial stability position it well to navigate market challenges and drive future success.

FBRT reports 50% surge in Q2 earnings, eyes high-yield opportunities

FBRT's strong Q2 performance was driven by earnings growth, maintaining liquidity, and strategic capital deployment. Despite challenges with asset watch lists and REO properties, the company's focus on high-quality deals and ample cash position positions it well for seizing market opportunities. By balancing loan modifications and maintaining a strong return on equity focus, FBRT aims to navigate market dynamics effectively.

FBRT reports strong Q3 results amidst market challenges and opportunities

FBRT delivered solid financial performance in Q3 2023, supported by a robust loan portfolio and strategic liquidity management.
While facing challenges in the multifamily market, the company's proactive approach to loan modifications and credit management is commendable.
FBRT's focus on multifamily and hospitality sectors, along with its strong liquidity position, positions it well for future growth and resilience.

Franklin BSP Realty Trust Inc reports robust Q4 performance and eyes growth opportunities through acquisitions and dividends

FBRT's Q4 earnings call showcased strong performance, competitive strengths in deal flow, and growth opportunities through acquisitions and dividend adjustments. Challenges include CECL reserves impacting earnings and a competitive market landscape.

FBRT excels in Q1 earnings, navigates challenges for growth

FBRT's Q1 performance reflects financial strength and proactive risk management strategies. The company's core portfolio growth and successful conduit program underscore operational resilience. Challenges in CECL reserves and nonperforming loans require strategic attention, while opportunities in CLOs and construction loans pave the way for future growth.

FBRT reports strong loan commitments and liquidity amidst market challenges

FBRT's performance in new loan commitments and liquidity position remains strong, while challenges in legacy loans persist.
The company is proactively addressing REO assets and market conditions, with a focus on profitability and strategic management.
Opportunities in the multifamily sector and high-quality post-rate hike loans present avenues for growth and asset optimization.
Overall, FBRT's Q3 earnings call highlights a mix of performance, strengths, challenges, and opportunities in the current market landscape.

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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a third quarter 2022 common dividend of $0.355 per common share. The dividend is payable on October 11, 2022 to common stockholders of record as of September 30, 2022. The Board of Directors also declared third quarter 2022 dividends on its convertible Series C and H Preferred Stock in amounts equal to the as-converted common dividend amounts. FBR

Franklin BSP Realty Trust, Inc. Announces Third Quarter 2022 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 uses a REIT structure to originate and manage a diversified portfolio of senior, floating rate loans on commercial real estate. The current book value is about $15.81 per fully converted share. This consists of common and preferred equity capital as of June 30, 2022.

Franklin BSP Realty Is A Decent Value Trading Below Book Value

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended June 30, 2022. Reported GAAP net income (loss) of $(25.7) million or $(0.43) per diluted share for the three months ended June 30, 2022 compared to $(22.5) million or $(0.99) per diluted share for the three months ended March 31, 2022. Fully converted(1) GAAP net income (loss) of $(25.7) million or $(0.34) per diluted share for the three month

Franklin BSP Realty Trust, Inc. Announces Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) announced today that it has rescheduled the release of results and accompanying conference call for the quarter ended June 30, 2022. The Company will release its second quarter 2022 results on Friday, July 29, 2022, before the opening 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, July 29, 2022, a

Franklin BSP Realty Trust, Inc. Reschedules Second Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its second quarter 2022 results on Wednesday, August 10, 2022, before the opening 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 Wednesday, August 10, 2022, at 8:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://ww

Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2022-FL9, an approximately $800 million managed Commercial Real Estate Collateralized Loan Obligation (“FL9 CRE CLO”). This was FBRT's ninth CLO completed since June 2017. The FL9 CRE CLO features a two-year reinvestment period with an initial advance rate of 83.5% and a weighted average interest rate of SOFR+2.80% before accounting for discount and transaction

Franklin BSP Realty Trust, Inc. Announces Closing of Approximately $800 Million CLO

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Rising interest rates have hit nearly all preferred stocks. Among the half-dozen preferreds in my portfolio for retirement income, Franklin BSP Realty Series E offers the highest yield.

Buying Opportunity In Franklin BSP Preferred

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a second quarter 2022 common dividend of $0.355 per common share. The dividend is payable on July 11, 2022 to common stockholders of record as of June 30, 2022. The Board of Directors also declared second quarter 2022 dividends on its convertible Series C and D Preferred Stock in amounts equal to the as-converted common dividend amounts. FBRT's Bo

Franklin BSP Realty Trust, Inc. Announces Second Quarter 2022 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

NEW YORK CITY--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of five separate, first mortgage floating-rate bridge loans totaling $368.4 million to facilitate the acquisition of twenty multifamily assets, totaling 2,899 units. Sixteen assets are in North Carolina, three assets are in South Carolina and one asset is in Oklahoma. The properties were acquired by various affiliates of GVA Real Estate Group (“GVA”). An initial adv

Franklin BSP Realty Trust, Inc. Announces Closing of Five Loans Totaling $368.4 Million

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that management will present at Nareit's REITweek 2022 Investor Conference on Tuesday, June 7, 2022 at 2:15 p.m. Eastern Time. A live audio webcast of the presentation will be available on the “News & Events” tab of FBRT's website at www.fbrtreit.com/events-and-presentations. The Company will also host one-on-one meetings during the conference. About Franklin BSP Realty Trust, I

Franklin BSP Realty Trust, Inc. to Present at Nareit's REITweek 2022 Investor Conference

Franklin BSP Realty Trust (NYSE:FBRT ) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Richard Byrne – Chairman and Chief Executive Officer Jerry Baglien – Chief Financial Officer and Chief Operating Officer Michael Comparato – Head of Commercial Real Estate Lindsey Crabbe – Vice President of Investor Relations Conference Call Participants Jason Stewart – Jones Trading Steve DeLaney – JMP Securities Operator Good day and welcome to the Franklin BSP Realty Trust First Quarter 2022 Financial Results Conference Call. All participants will be in a listen-only mode.

Franklin BSP Realty Trust (FBRT) CEO Richard Byrne on Q1 2022 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2022. Reported GAAP net income (loss) of $(22.5) million or $(0.99) per diluted share for the three months ended March 31, 2022 compared to $(72.9) million or $(2.31) per diluted share for the three months ended December 31, 2021. Fully converted(1) GAAP net income (loss) of $(22.5) million or $(0.30) per diluted share for the three

Franklin BSP Realty Trust, Inc. Announces First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that all of the outstanding shares of the Company's Series F Convertible Preferred Stock converted on a one-for-one basis into an equal amount of shares of the Company's common stock on April 19, 2022. Following such conversion, there were 83,690,662 shares of the Company's common stock outstanding. All shares of common stock issued upon conversion are freely tradeable by the holder

Franklin BSP Realty Trust, Inc. Announces Conversion of Series F Convertible Preferred Stock to Common Stock

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its first quarter 2022 results following the close of trading on the New York Stock Exchange on Wednesday, May 4, 2022. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, May 5, 2022 at 10:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit

Franklin BSP Realty Trust, Inc. Schedules First Quarter 2022 Earnings Release and Conference Call

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Our sector has been wild lately. The volatility means more developments we need to cover. I've got some catching up to do. If you like shares with high dividend yields and inefficient markets, you're going to enjoy these opportunities. These yields are pretty good today, but dividend rates could increase materially in a few years.

3 Picks For 7.2% To 9.3% Dividend Yields

Franklin BSP Realty Trust's (FBRT) CEO Richard Byrne on Q4 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--In the final financial table in the release, entitled RECONCILIATION OF GAAP NET INCOME TO DISTRIBUTABLE EARNINGS, there have been multiple revisions. The updated release reads: FRANKLIN BSP REALTY TRUST, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 RESULTS AND FIRST QUARTER 2022 COMMON STOCK DIVIDEND OF $0.355 PER SHARE Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended December 31, 2021.

CORRECTING and REPLACING Franklin BSP Realty Trust, Inc. Announces Fourth Quarter and Full Year 2021 Results and First Quarter 2022 Common Stock Dividend of $0.355 Per Share

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended December 31, 2021. Fourth Quarter and Full Year 2021 Summary GAAP net income of $(72.9) million or $(2.31) per diluted share for the quarter; $25.7 million and $(0.18) per diluted share for the full year. On a fully converted basis(1), net income per share is $(0.93) for the quarter and $0.33 for the full year Distributable Earnings (a non-GAA

Franklin BSP Realty Trust, Inc. Announces Fourth Quarter and Full Year 2021 Results and First Quarter 2022 Common Stock Dividend of $0.355 Per Share

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2022-FL8, a $1.2 billion managed Commercial Real Estate Collateralized Loan Obligation (“FL8 CRE CLO”). This was FBRT's eighth CLO completed since June 2017. The FL8 CRE CLO features a two-year reinvestment period with an initial advance rate of 80% and a weighted average interest rate of SOFR+1.72% before accounting for transaction costs. Michael Comparato, Hea

Franklin BSP Realty Trust, Inc. Announces Closing of $1.2 Billion CLO

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its fourth quarter 2021 results following the close of trading on the New York Stock Exchange on Wednesday, February 23, 2022. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, February 24, 2022 at 10:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https:/

Franklin BSP Realty Trust, Inc. Schedules Fourth Quarter 2021 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the Company closed a record $1.6 billion of commitments in the fourth quarter of 2021, resulting in record annual originations of 95 loans totaling approximately $3.2 billion of commitments for the year. Michael Comparato, Head of Commercial Real Estate for Benefit Street Partners, L.L.C., the Company's external manager, stated: “FBRT's record originations of $3.2 billion in 2021 wi

Franklin BSP Realty Trust, Inc. Announces Record Annual and Fourth Quarter 2021 Originations of $3.2 Billion and $1.6 Billion, Respectively

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2021-FL7, a $900 million managed Commercial Real Estate Collateralized Loan Obligation (“FL7 CRE CLO”). This was FBRT's seventh CLO completed since June 2017. The FL7 CRE CLO features a two-year reinvestment period with an initial advance rate of 80.25% and a weighted average interest rate of L+1.64% before accounting for transaction costs. Richard Byrne, Chairm

Franklin BSP Realty Trust, Inc. Announces Closing of $900 Million CLO

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its fourth quarter 2021 common dividend of $0.355 per common share. The cumulative fourth quarter dividend consists of the $0.07 per share interim dividend paid on October 18, 2021 prior to the completion of the merger with Capstead Mortgage Corporation, and the remaining dividend of $0.285 per share declared by the Board of Directors on December 17, 2021, which will be paid on Janu

Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2021 Common Dividend of $0.355 Per Share Consisting of Newly Declared Common Dividend of $0.285 Per Share and Previously Paid Partial Dividend of $0.07 Per Share

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We take a look at the action in preferreds and baby bonds through the first week of December and highlight some of the key themes we are watching. November wrapped up as the worst month for preferreds since March of 2020 with the first days of December seeing some stabilization.

News for Franklin BSP Realty Trust Inc Stock (FBRT)