Franklin Bsp Rlty Tr Inc SEC Filings

Franklin BSP Realty Trust, Inc. (FBRT) director reports stock sale. A company director filed a Form 4 reporting the sale of 1,500 shares of FBRT common stock on 11/21/2025. The shares were sold at a price of $9.997 per share. After this transaction, the director beneficially owns 45,926 shares of FBRT common stock in direct ownership.

Franklin BSP Realty Trust (FBRT) reported third‑quarter 2025 results. Net income was $17.6 million and net income attributable to FBRT was $17.3 million. After preferred dividends of $6.7 million, net income applicable to common stock was $10.6 million, or $0.12 per diluted share. Total income rose to $89.5 million, driven by $29.4 million of gains on sales and fee-based services, recognition of $19.7 million of mortgage servicing rights, and $3.6 million of servicing revenue, while net interest income declined to $29.7 million on lower interest spreads.

Expenses increased to $73.3 million, including higher compensation, professional fees, and other costs. On the balance sheet, total assets were $6.22 billion. Commercial mortgage loans held for investment declined to $4.37 billion, while loans held for sale at fair value increased to $619.0 million. CLO liabilities decreased to $2.81 billion, with higher repurchase and revolving borrowings of $1.18 billion and unsecured debt of $185.3 million. Mortgage servicing rights reached $208.6 million and goodwill was $90.8 million. Shares outstanding were 82,925,055 as of September 30, 2025.

Franklin BSP Realty Trust, Inc. furnished an 8-K announcing its financial results for the quarter ended September 30, 2025. The company provided a press release and a supplemental slide presentation as exhibits.

The materials were included under Item 2.02 and identified as Exhibit 99.1 (press release) and Exhibit 99.2 (supplemental presentation). The company noted that this information is furnished and not deemed “filed” under Section 18 of the Exchange Act.

Franklin BSP Realty Trust closed an approximately $1.076 billion commercial real estate mortgage securitization and privately placed about $947 million of notes. A consolidated subsidiary issued nine classes of floating‑rate notes secured by a portfolio of eight mortgage loans and 36 senior interests with an aggregate principal balance of roughly $947 million as of the closing.

The company plans to use net proceeds primarily to repay credit facilities, fund future loans and investments, and for general corporate purposes. Initial margins range from 1.3860% + 1‑Month CME Term SOFR (Class A) to 3.7950% + SOFR (Class E). Interest pays monthly beginning November 17, 2025, with stated maturity on April 17, 2043. Expected weighted average lives span about 3.32–4.82 years across Offered Notes. The notes are limited‑recourse, payable from portfolio cash flows; a clean‑up call applies when Offered Notes fall to 10% of original principal. The company retained the Issuer’s preferred shares and will account the issuance as a financing.