Franklin Bsp Rlty Tr Inc Stock Price, News & Analysis

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) will release its third quarter 2022 financial results on November 9, 2022, after market close. A conference call will follow on November 10, 2022, at 9:00 a.m. ET to discuss the results. Participants can access details via the company website and are encouraged to pre-register. The company, externally managed by Benefit Street Partners, manages a portfolio exceeding $6.3 billion in real estate debt across the U.S. Investors can also access a replay of the call online.

Benefit Street Partners and Franklin Templeton have launched the Franklin BSP Private Credit Fund (FBSPX), designed for wealth management clients. This fund aims to capitalize on US middle market private credit opportunities, providing higher yields and diversified risk-adjusted returns. It utilizes an interval fund structure, making it accessible for investors. The fund will dynamically adjust investments in private debt categories, leveraging BSP's institutional expertise and targeting robust income generation amid rising inflation and interest rates.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) has successfully closed a $235 million loan to refinance The Elser Hotel & Residences, a 646-unit condominium hotel in Downtown Miami, Florida. The loan includes a $25 million mezzanine component provided by RMWC. FBRT's external manager, Benefit Street Partners, emphasizes the strategic nature of this investment, capitalizing on current market conditions. As of June 30, 2022, FBRT reports over $6.3 billion in assets, showcasing strong financial backing.

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.