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Franklin BSP Realty Trust, Inc. - FBRT STOCK NEWS

Welcome to our dedicated page for Franklin BSP Realty Trust news (Ticker: FBRT), a resource for investors and traders seeking the latest updates and insights on Franklin BSP Realty Trust stock.

Franklin BSP Realty Trust, Inc. (symbol: FBRT) is a prominent, publicly-registered, non-traded real estate investment trust (REIT) that focuses on originating, acquiring, and managing a diversified portfolio of commercial real estate debt. The company primarily deals with properties located across the United States.

FBRT boasts a seasoned real estate team with extensive expertise in origination, underwriting, and asset management. Leveraging a comprehensive network of relationships with brokers and borrowers, FBRT drives proprietary deal flow and constructs a robust pipeline of investment opportunities. This allows them to lend against all types of commercial properties throughout the country.

Headquartered in New York, with additional offices in Boca Raton, Charleston (SC), and San Francisco, FBRT maintains a national origination footprint. They invest across the capital structure, with a specific focus on generating attractive risk-adjusted returns. The company originates both fixed and floating rate loans on various commercial property types.

Externally managed by Benefit Street Partners, a leading credit-focused alternative asset management firm, FBRT continues to enhance its portfolio and investment strategies. Recent achievements and ongoing projects underline their unwavering commitment to financial growth and stability. As a result, FBRT remains a significant player in the commercial real estate debt market.

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Franklin BSP Realty Trust (NYSE: FBRT) announced its Q2 2024 financial results. Key highlights include:

  • GAAP net loss of $3.8 million, compared to $35.8 million profit in Q1 2024
  • Diluted EPS of $(0.11), down from $0.35 in Q1 2024
  • Distributable Earnings of $32.4 million ($0.31 per diluted share), compared to $41.0 million ($0.41 per share) in Q1 2024
  • Core portfolio principal balance increased by $195 million to $5.4 billion
  • Closed $622 million of new loan commitments at a weighted average spread of 318 basis points
  • Declared Q2 common stock cash dividend of $0.355, representing a 9.3% annualized yield on book value per share
  • Book value of $15.27 per diluted common share
  • Repurchased 240,740 shares at an average price of $12.42 per share
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Franklin BSP Realty Trust, Inc. (NYSE: FBRT) announced the release of its second quarter 2024 results on July 31, 2024, after the market closes. The company will hold a conference call and live audio webcast to discuss these financial results on August 1, 2024, at 9:00 a.m. ET. Detailed information about the call and webcast, including registration links and access numbers, can be found on the company’s website. Participants are advised to pre-register and join the call at least five minutes prior to the start time. A slide presentation with supplemental information will be available on the website before the call, and an audio replay of the broadcast will be accessible for 90 days following the event.

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Franklin BSP Realty Trust (NYSE: FBRT) 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. Additionally, the Board announced a second quarter 2024 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock, payable on July 15, 2024, to Series E preferred stockholders of record as of June 30, 2024, with an effective record date of June 28, 2024.

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Franklin BSP Realty Trust, Inc. (NYSE: FBRT) closed a $125 million loan on a 414-unit multifamily property in downtown Stamford, CT, part of $408 million in loan originations in Q2 and $999 million year-to-date. The loan has a three-year term with extension options, sponsored by Quarterra Multifamily, a subsidiary of Lennar FBRT President, Michael Comparato, commended the partnership with Quarterra.

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Franklin BSP Realty Trust, Inc. (NYSE: FBRT) reported GAAP net income of $35.8 million for Q1 2024, increase from $30.0 million in Q4 2023. Diluted EPS rose to $0.35 from $0.28. Distributable Earnings grew to $41.0 million, or $0.41 per diluted common share. First Quarter 2024 Summary: GAAP and Distributable Earnings ROE of 8.9% and 10.4%, respectively. Book value of $15.68 per diluted common share. Declared a $0.355 dividend. Closed $591 million in new loans. Total liquidity at $1.0 billion. Repurchased 151,123 shares. The Company remains optimistic about its future growth and performance.

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Franklin BSP Realty Trust, Inc. (FBRT) closes a $125 million floating-rate senior loan for industrial portfolio refinancing, showing commitment to $716 million in loan originations year-to-date. The 1.1 million square foot industrial portfolio is well-leased across Southwestern US locations. Fundrise Industrial Portfolio 2, sponsors the loan, with Cushman & Wakefield representing the borrower.
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Franklin BSP Realty Trust, Inc. (NYSE: FBRT) will release its first quarter 2024 results on April 29, 2024. A conference call and webcast to discuss financial results will be held on April 30, 2024. Participants can access information on the Company's website.
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Benefit Street Partners L.L.C. closes a $120 million senior loan to Silver Star Properties REIT for liquidating its real estate portfolio and transitioning to a self-storage REIT. The loan includes a co-terminus second mortgage loan, totaling $135 million, across 27 properties in Dallas, Houston, and San Antonio. Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is involved in the loan allocation. The transaction showcases BSP's flexibility in challenging commercial real estate markets.
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Franklin BSP Realty Trust, Inc. (NYSE: FBRT) declares a first quarter 2024 dividend of $0.355 per common share. The dividend payout reflects the company's commitment to rewarding shareholders.
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Franklin BSP Realty Trust, Inc. (NYSE: FBRT) reported strong financial results for Q4 and FY 2023, with GAAP net income of $30.0 million and $144.5 million, respectively. Diluted EPS rose to $0.28 and $1.42 for the same periods. The company closed $231 million of new loan commitments in Q4 and $818 million for the year, ending with a core portfolio of $5.0 billion. FBRT's Board extended the share repurchase program through Dec 31, 2024.
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FAQ

What is the current stock price of Franklin BSP Realty Trust (FBRT)?

The current stock price of Franklin BSP Realty Trust (FBRT) is $12.92 as of September 9, 2024.

What is the market cap of Franklin BSP Realty Trust (FBRT)?

The market cap of Franklin BSP Realty Trust (FBRT) is approximately 1.1B.

What is Franklin BSP Realty Trust, Inc.?

Franklin BSP Realty Trust, Inc. (FBRT) is a non-traded real estate investment trust (REIT) that focuses on originating, acquiring, and managing a diversified portfolio of commercial real estate debt in the U.S.

What types of properties does FBRT invest in?

FBRT invests in all types of commercial properties across the United States, including both fixed and floating rate loans.

Where is Franklin BSP Realty Trust, Inc. headquartered?

FBRT is headquartered in New York, with additional offices in Boca Raton, Charleston (SC), and San Francisco.

Who manages FBRT?

FBRT is externally managed by Benefit Street Partners, a leading credit-focused alternative asset management firm.

What is the primary goal of FBRT’s investment strategy?

FBRT aims to generate attractive risk-adjusted returns by investing throughout the capital structure of commercial real estate debt.

What expertise does the FBRT real estate team have?

FBRT’s real estate team has extensive experience in origination, underwriting, and asset management.

How does FBRT source its investment opportunities?

FBRT leverages a network of relationships with brokers and borrowers to drive proprietary deal flow and maintain a large pipeline of investment opportunities.

What type of loans does FBRT originate?

FBRT originates both fixed and floating rate loans on various types of commercial properties.

What recent achievements has FBRT accomplished?

FBRT has continued to diversify and strengthen its portfolio, emphasizing financial growth and stability.

What makes FBRT significant in the commercial real estate debt market?

FBRT’s broad network, experienced team, and strategic investment approach make it a significant player in the commercial real estate debt market.

Franklin BSP Realty Trust, Inc.

NYSE:FBRT

FBRT Rankings

FBRT Stock Data

1.07B
81.83M
0.11%
56.55%
2.8%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
NEW YORK