Franklin BSP Realty Trust, Inc. (FBRT) Franklin BSP Realty Trust, Inc. functions as a real estate finance firm, primarily engaged in the creation, acquisition, and management of a varied portfolio of commercial real estate debt, secured by properties located across the United States. Its operations also include originating conduit loans and investing in commercial real estate securities. Additionally, the company owns real estate assets obtained via foreclosure, deed-in-lieu transactions, or direct purchase for investment. Its investment scope within commercial real estate debt encompasses first mortgage loans, mezzanine loans, bridge loans, and other related credit instruments. The company holds the qualification of a Real Estate Investment Trust (REIT) for federal tax purposes, which typically allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable income to its stockholders. Incorporated in 2012 and headquartered in New York, New York, the company was previously known as Benefit Street Partners Realty Trust, Inc.
Sector: Real Estate Investment Trusts
Industry: REIT - Mortgage
Franklin BSP Realty Trust, Inc. NYSE:FBRT Real Estate · REIT - Mortgage
Mkt Cap $468.42M
Div Yield 15.43%
CLOSED · Nov 3 $6.19 CLOSED · Nov 3 Prev close $6.10 Close $6.19 0.00% AH close $6.19 VOL 1.29M $ Vol $7.93M RVOL 1.06x
Mkt Cap $468.42M
VOL 1.29M sh
$ Vol $7.93M
RVOL 1.06×
Div Yield 15.43%
Press Release ● Major ⚠ 4
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2026 Results
FBRT reported a Q3 2026 GAAP net loss of $(27.0) million, or $(0.41) per diluted share, driven by a $43.1 million net provision for credit losses and losses on real estate investments.
On a non-GAAP basis, distributable earnings before realized losses were $25.8 million ($0.24 per fully converted share), roughly flat with the prior year, and fully converted book value rose $0.02 to $14.26 per share.
The company repurchased 7.4 million shares for $60.5 million at an average of $8.14, adding $0.55 per share of book value accretion, and the board extended the buyback program to December 31, 2027.
Credit concerns remain in focus: 13 loans totaling $333.6 million are on the watch list, and the servicing portfolio grew to $61.3 billion with a $0.20 dividend declared.
• 6d ago AI analysis › Press Release
Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2026 Earnings Release and Conference Call
Franklin BSP Realty Trust will release third quarter 2026 results on Wednesday, October 28, 2026, after the market close.
The company will host its earnings conference call and webcast on Thursday, October 29, 2026, at 9:00 a.m. ET, with pre-registration and replay available on its website.
FBRT is a commercial real estate debt REIT with roughly $6.4 billion of assets, externally managed by Benefit Street Partners, a subsidiary of Franklin Resources.
• 27d ago AI analysis › Press Release ● Major ⚠ 2
Franklin BSP Realty Trust, Inc. Announces Leadership Update
Franklin BSP Realty Trust reappointed Richard Byrne, Chairman of the Board and the company's former CEO, as Chief Executive Officer effective September 16, 2026.
Byrne succeeds Michael Comparato, who resigned September 15, 2026, citing a decision to step back from day-to-day executive duties for family reasons; Comparato will stay on as a Senior Advisor at BSP through 2027.
CFO and COO Jerry Baglien was additionally named Co-President alongside Brian Buffone and will lead BSP's Commercial Real Estate Debt platform, deepening the bench around the returning CEO.
The board framed the change as continuity for the $6.4 billion-asset commercial real estate debt REIT, which is externally managed by Benefit Street Partners, a Franklin Templeton subsidiary.
• 1mo ago AI analysis › Press Release ⚠ 1
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2026 Dividends and Reauthorization of $50 Million Share Repurchase Program
FBRT declared a third quarter 2026 dividend of $0.20 per common share, payable on or about October 13, 2026 to holders of record September 30, and a $0.46875 per-share dividend on its 7.50% Series E preferred stock.
The board also reauthorized the share repurchase program with $50.0 million of capacity through December 31, 2026. Between July 1 and September 9, FBRT repurchased 6,118,287 shares at a net average price of $8.23 — roughly $50 million, effectively exhausting the prior authorization.
CFO Jerry Baglien said repurchases remain an attractive use of capital at current trading levels, an explicit signal management sees the stock as undervalued. FBRT is a commercial real estate debt REIT with about $6.4 billion of assets, externally managed by Benefit Street Partners, a Franklin Templeton subsidiary.
• 1mo ago AI analysis › Press Release ⚠ 1
Bloom Energy, Illumina, and Everpure Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600
AGNC Investment will be added to the S&P MidCap 400 effective prior to the open of trading on Monday, September 21, 2026, as part of S&P Dow Jones Indices' quarterly rebalance.
The same reshuffle sends Bloom Energy, Illumina, and Everpure to the S&P 500, while The Trade Desk, Molson Coors Beverage, and Builders FirstSource drop from the S&P 500 to the S&P SmallCap 600.
Funds benchmarked to the MidCap 400 will need to buy AGNC shares at the effective date, which can produce a short-lived mechanical bid rather than a fundamental re-rating.
• 1mo ago AI analysis › Press Release ⚠ 2
Franklin BSP Realty Trust, Inc. Announces Second Quarter 2026 Results
Franklin BSP Realty Trust reported Q2 GAAP net income of $16.3 million ($0.12 per share) and distributable earnings of $28.3 million ($0.25 per share), sufficient to cover its $0.20 quarterly dividend.
The company repurchased approximately 1.84 million shares at an average price of $8.70 for $16.0 million during the quarter, increasing GAAP book value by $0.06 to $14.24 per share.
The Board subsequently reauthorized a $50.0 million share repurchase program through December 31, 2026, while the servicing portfolio grew to $59.8 billion.
• 3mo ago AI analysis › Press Release
Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2026 Earnings Release and Conference Call
Franklin BSP Realty Trust announced it will release its second quarter 2026 financial results on Wednesday, July 29, 2026, after the market closes.
A conference call to discuss the results is scheduled for the following day, Thursday, July 30, 2026, at 9:00 a.m. ET.
The company is a real estate investment trust externally managed by Benefit Street Partners, a wholly owned subsidiary of Franklin Resources.
• 3mo ago AI analysis › Press Release
Franklin BSP Realty Trust, Inc. Announces Second Quarter 2026 Common Stock Dividend of $0.20 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
Franklin BSP Realty Trust, Inc. declared a second quarter 2026 common stock dividend of $0.20 per share, payable on July 10, 2026 to stockholders of record on June 30, 2026.
The Board also declared a dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (FBRTPRE), payable July 15, 2026 to holders of record on June 30, 2026.
Additionally, a dividend was declared on the convertible Series H Preferred Stock in an amount equal to the as-converted common dividend.
• 4mo ago AI analysis › Press Release
Lifshitz Law PLLC Announces Investigations of Navan, Inc. (NASDAQ:NAVN), Lakeland Industries, Inc. (NASDAQ:LAKE), Franklin BSP Realty Trust, Inc. (NYSE:FBRT), and Snowflake Inc. (NYSE:SNOW)
Lifshitz Law PLLC announced an investigation into Franklin BSP Realty Trust (FBRT) for alleged securities law violations.
The firm alleges FBRT recklessly overstated its business prospects and its ability to maintain the $0.355 quarterly dividend.
This is a routine plaintiff-firm solicitation urging investors to contact the firm; it does not represent a filing by the company or a court action.
• 5mo ago AI analysis › Press Release ● Major ⚠ 2
Franklin BSP Realty Trust, Inc. Announces First Quarter 2026 Results
Franklin BSP Realty Trust reported Q1 GAAP net income of $12.3 million, or $0.07 per share, alongside Distributable Earnings of $13.5 million, reversing a prior-year loss.
The company actively deployed capital, repurchasing 4.36 million shares at an average price of $9.13—a significant discount to the $14.18 book value—and reauthorizing a $50 million buyback program.
Portfolio activity was robust, with the core portfolio growing by $173.8 million to $4.6 billion and the agency servicing portfolio expanding to $58.1 billion, though eleven loans remain on the watch list.
• 6mo ago AI analysis › 
