Franklin Bsp Rlty Tr Inc Stock Price, News & Analysis

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) has declared a third quarter 2022 common dividend of $0.355 per share, payable on October 11, 2022. Shareholders of record by September 30, 2022 will receive this payment. Additionally, the company announced a dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE), payable on October 17, 2022. As of June 30, 2022, FBRT managed over $6.3 billion in assets, focusing on commercial real estate debt.

Franklin BSP Realty Trust (FBRT) reported a GAAP net loss of $25.7 million for Q2 2022, translating to $(0.43) per diluted share, a decline from the previous quarter's loss of $(0.99) per share. However, Distributable Earnings surged to $30.7 million or $0.29 per share, up from $12.1 million or $0.08 per share in Q1 2022. The core commercial real estate portfolio reached $5.3 billion. A $803 million CRE CLO was closed during the quarter, while the book value stood at $15.81 per share. The company declared a dividend of $0.355, yielding 9.0% on book value.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) has announced the rescheduling of its second quarter 2022 financial results release and conference call to July 29, 2022. The results will be disclosed before market opening, followed by a live conference call at 8:00 a.m. ET. This call will include a discussion of financials and can be accessed via the company’s website. As of March 31, 2022, FBRT managed over $7.1 billion in assets, reinforcing its position in commercial real estate debt management.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) announced its second quarter 2022 financial results will be released on August 10, 2022, before market opening. A conference call for discussion of these results is scheduled for the same day at 8:00 a.m. ET. Interested participants can pre-register or access the call via phone or live webcast. As of March 31, 2022, FBRT reported over $7.1 billion in assets and is managed by Benefit Street Partners, a subsidiary of Franklin Templeton.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) announced the successful closing of BSPRT 2022-FL9, an $800 million Commercial Real Estate Collateralized Loan Obligation (CLO). This marks the ninth CLO since June 2017. The FL9 CLO features an 83.5% initial advance rate and a weighted average interest rate of SOFR+2.80%. Despite market volatility and wider pricing, the transaction demonstrates strong investor demand and strengthens the company's non-recourse liability structure.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) announced a second quarter 2022 common dividend of $0.355 per share, payable on July 11, 2022, for stockholders of record as of June 30, 2022. Additionally, the company declared a second quarter dividend of $0.46875 on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE), payable on July 15, 2022. As of March 31, 2022, FBRT managed assets exceeding $7.1 billion.

Franklin BSP Realty Trust (NYSE: FBRT) announced the closing of five first mortgage floating-rate bridge loans amounting to $368.4 million. These loans will facilitate the acquisition of 20 multifamily assets with a total of 2,899 units, primarily in North Carolina. The funding includes an initial advance of $327.5 million and future advances of $40.9 million for renovations. The loans have a two-year term with three one-year extension options. The company is focused on transitioning to a pure-play commercial mortgage REIT, with total capital commitments of approximately $5.8 billion.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) announced its participation in Nareit’s REITweek 2022 Investor Conference on June 7, 2022, at 2:15 p.m. Eastern Time. The presentation will be available via live audio webcast on the company's website. FBRT focuses on originating, acquiring, and managing a diversified portfolio of commercial real estate debt across the United States, boasting over $7.1 billion in assets as of March 31, 2022. The company is externally managed by Benefit Street Partners, a subsidiary of Franklin Templeton.

Franklin BSP Realty Trust (FBRT) reported a GAAP net loss of $(22.5) million or $(0.99) per diluted share for Q1 2022, improving from a loss of $(72.9) million in Q4 2021. Run-Rate Distributable Earnings were $40.1 million or $0.39 per share, down from $48.2 million in the previous quarter. The company successfully reduced its ARM portfolio by $2.6 billion. The book value as of March 31, 2022, was $16.50 per share, and a cash dividend of $0.355 per share was declared, yielding 8.6%. A conference call is scheduled for May 5, 2022, to discuss results further.