Franklin Bsp Rlty Tr Inc Stock Price, News & Analysis

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.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) announced the conversion of all outstanding shares of its Series F Convertible Preferred Stock into common stock on April 19, 2022. This conversion resulted in the issuance of 83,690,662 shares of common stock, all of which are now freely tradeable on the New York Stock Exchange. Following this event, there are no remaining Series F Preferred Stock shares. As of December 31, 2021, FBRT managed over $9 billion in assets, focusing on a diversified portfolio of commercial real estate debt in the United States.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) will release its Q1 2022 results after market close on May 4, 2022. A conference call is scheduled for May 5, 2022 at 10:00 a.m. ET to discuss these results. The company, which manages over $9 billion in assets, originates and manages a diversified portfolio of commercial real estate debt across the U.S. Interested participants can access the call via phone or live webcast. Further details and registration can be found on the company’s official website.