Franklin Bsp Rlty Tr Inc Stock Price, News & Analysis

Franklin BSP Realty Trust reported mixed Q1 2025 financial results, with GAAP net income of $23.7 million, down from $30.2 million in Q4 2024. The company's earnings per share decreased to $0.20 from $0.29 in the previous quarter.

Key highlights:

• Portfolio Overview: $4.8 billion core portfolio with 152 loans, averaging $31.6 million per loan
• Property Focus: 71.3% in multifamily and only 2.9% in office properties
• Loan Activity: Closed $341 million in new loan commitments with 325 basis points weighted average spread
• Financial Position: Total liquidity of $912.8 million, including $215.4 million in cash
• Dividend: Declared $0.355 cash dividend, yielding 9.5% on book value

The company reported negative Distributable Earnings of $(6.2) million, or $(0.12) per share, compared to positive $31.2 million, or $0.30 per share in Q4 2024. Book value stood at $14.95 per diluted common share. The company maintains strong portfolio quality with 99% in senior mortgage loans and 89.3% in floating rate loans.

Franklin BSP Realty Trust (NYSE: FBRT) has announced its schedule for first quarter 2025 earnings release and conference call. The company will release Q1 2025 results on Monday, April 28, 2025, after the NYSE trading close. A conference call and live audio webcast to discuss financial results will be held on Tuesday, April 29, 2025, at 9:00 a.m. ET.

Participants can pre-register for the event or join by dialing (844) 701-1166 (Domestic) or (412) 317-5795 (International). A supplemental slide presentation will be available on FBRT's website, and an audio replay will be accessible for 90 days after the call.

Franklin BSP Realty Trust (NYSE: FBRT) has announced its dividend distributions for the first quarter of 2025. The company declared a quarterly dividend of $0.355 per common share, payable on April 10, 2025, to stockholders of record as of March 31, 2025.

Additionally, FBRT announced a dividend for its convertible Series H Preferred Stock equivalent to the common share dividend amount, and a dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE), payable on April 15, 2025, to Series E preferred stockholders of record as of March 31, 2025.

Franklin BSP Realty Trust (NYSE: FBRT) has announced a definitive agreement to acquire NewPoint Holdings JV , a private commercial real estate finance company. The transaction is expected to close in Q3 2025.

The strategic acquisition will expand FBRT's capabilities by adding agency and mortgage servicing to its existing commercial real estate lending products. Key benefits include:

• Access to agency originations through NewPoint's approval with three government sponsored entities
• Integration of NewPoint's $54.7 billion servicing portfolio
• Expected accretion to GAAP earnings per share in H1 2026
• Enhanced market presence and wider geographic footprint

The acquisition will be financed through existing cash, debt, and equity issuance. FBRT will operate the acquired business through a taxable REIT subsidiary.

Franklin BSP Realty Trust (FBRT) reported its Q4 and full-year 2024 financial results. The company achieved GAAP net income of $30.2 million in Q4 and $92.4 million for the full year 2024. Q4 diluted EPS was $0.29, while full-year EPS reached $0.82.

The core portfolio balance stood at $5.0 billion, comprising 155 loans with an average size of $32 million. Notable portfolio characteristics include: 99% in senior mortgage loans, 93% floating rate, and 71% collateralized by multifamily properties. In Q4, FBRT closed $441 million in new loan commitments and maintained total liquidity of $535 million.

For full-year 2024, the company closed $2.0 billion in new loan commitments, completed a $1.024 billion CLO transaction, and repurchased 391,863 shares at an average price of $12.42. The company declared a Q4 cash dividend of $0.355, representing a 9.3% annualized yield on book value, which stood at $15.19 per diluted share.

Benefit Street Partners (BSP) has announced the closing of a $135 million loan package for The Empire Hotel refinancing, comprising a $120 million senior loan and a $15 million mezzanine loan. The Empire Hotel, built in 1901 and renovated in 2013, is a 427-key hotel located in Manhattan's Upper West Side.

The loans were distributed across BSP's commercial real estate platform, with a portion allocated to Franklin BSP Realty Trust (NYSE: FBRT). The transaction was executed swiftly, with the borrower signing the application on December 17, 2024, and funding completed within 18 business days.

Franklin BSP Realty Trust (NYSE: FBRT) has announced its schedule for the fourth quarter 2024 earnings release and conference call. The company will release its Q4 2024 financial results on Thursday, February 13, 2025, after the NYSE trading closes. A conference call and live audio webcast to discuss the results will be held on Friday, February 14, 2025, at 9:00 a.m. ET.

Participants can pre-register for the event through the company's website at fbrtreit.com or directly via the registration link. Those unable to pre-register can dial (844) 701-1166 (Domestic) or (412) 317-5795 (International). A live webcast will be available, and participants are advised to join at least five minutes before the start. Supplemental information will be accessible via slides on the company's website, and an audio replay will be available for 90 days after the call.

Franklin BSP Realty Trust (NYSE: FBRT) has announced its dividend distributions for the fourth quarter of 2024. The company declared a dividend of $0.355 per common share, payable on January 10, 2025, to stockholders of record as of December 31, 2024. Additionally, FBRT declared a dividend on its convertible Series H Preferred Stock equal to the as-converted common dividend amount, and a dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock, payable on January 15, 2025, to Series E preferred stockholders of record as of December 31, 2024.

Franklin BSP Realty Trust (FBRT) reported Q3 2024 financial results with GAAP net income of $30.2 million ($0.30 per share), compared to a loss of $3.8 million in Q2 2024. The core portfolio balance stood at $5.2 billion across 157 loans. Notable activities include closing $380 million in new loan commitments and a $1.024 billion managed Commercial Real Estate CLO. The company maintains a strong focus on multifamily properties (74% of portfolio) with only 4% in office properties. Total liquidity reached $1.1 billion, including $346 million in cash. The company declared a Q3 common stock dividend of $0.355, representing a 9.3% yield on book value per share.