Every 8-K that Franklin Bsp Rlty Tr Inc (FBRT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FBRT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FBRT filings page.
Franklin BSP Realty Trust reported second-quarter 2026 GAAP net income of $16.3 million, or $0.12 per diluted common share and $0.13 per fully converted share. Distributable Earnings were $28.3 million, or $0.25 per fully converted share, and Distributable Earnings before realized losses were $30.2 million, or $0.28 per share. The company declared a $0.20 per share common dividend, which it states equates to a 5.6% yield on fully converted book value and 10.2% on its recent trading price. Fully converted book value per share was $14.24, or $14.74 on an adjusted basis, and repurchases of 1,838,855 shares for $16.0 million added $0.11 of accretion.
The core loan portfolio totaled $4.3 billion across 172 loans averaging $25.3 million, with 80% collateralized by multifamily properties and an average risk rating of 2.4; 12 loans were on the watch list. The Agency Business managed a $59.8 billion servicing portfolio and held mortgage servicing rights valued at $205.5 million. Total liquidity was $796.7 million, including $136.3 million of cash and cash equivalents, and net debt to equity was 2.6x, with 79% of core portfolio financing from non-mark-to-market sources. During the quarter the company closed an $880.4 million CRE CLO financing $778.1 million of assets, and subsequent to quarter end 7,918,314 OP Units were redeemed for the same number of common shares.
Franklin BSP Realty Trust, Inc. held its 2026 annual stockholder meeting on June 8, 2026. Stockholders elected six directors — Pat Augustine, Richard J. Byrne, Joe Dumars, Peter J. McDonough, Buford H. Ortale and Elizabeth K. Tuppeny — to one-year terms ending at the 2027 annual meeting. Stockholders also approved the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. In addition, stockholders approved, on an advisory basis, the compensation of the company’s named executive officers.
Franklin BSP Realty Trust reported first quarter 2026 results showing modest earnings and active capital management. GAAP net income was $12.3 million, or $0.07 per diluted share and $0.08 per fully converted share. Distributable Earnings were $13.5 million, or $0.09 per fully converted share, and $25.9 million before realized losses.
The core commercial real estate loan portfolio grew to $4.6 billion across 177 loans, with 79% secured by multifamily properties. The Agency Business originated $646.3 million of new commitments and expanded its servicing portfolio to $58.1 billion, with mortgage servicing rights valued at $211.9 million.
The company repurchased 4,361,596 common shares for $39.8 million at an average price of $9.13, adding $0.24 per share to book value. Fully converted book value was $14.18 per share, and adjusted fully converted book value was $14.58. A quarterly dividend of $0.20 per share was declared. Total assets were $6.3 billion and total liquidity was $521.0 million.
Franklin BSP Realty Trust, Inc. reports that a consolidated subsidiary closed an approximately $880.4 million commercial real estate mortgage securitization backed by a portfolio of commercial and multifamily mortgage-related assets. The Issuer sold about $778.1 million of notes in a private placement across multiple secured classes due 2043.
The net proceeds from the Offered Notes will be used primarily to repay borrowings under existing credit facilities, fund future loans and investments, and for general corporate purposes. Through its equity in the Issuer, the company expects to continue owning the underlying loan portfolio and will treat the Offered Notes as a financing on its balance sheet.
Franklin BSP Realty Trust, Inc. reported weaker results for the quarter and full year ended December 31, 2025 and announced a reset of its common dividend. Full-year GAAP net income was $84.1 million with diluted EPS of $0.64, down from $92.4 million and $0.82 in 2024. Full-year Distributable Earnings were $67.3 million, or $0.49 per fully converted share, versus $100.7 million, or $0.92, in 2024, reflecting realized losses and a softer core lending environment.
For Q4 2025, GAAP net income was $18.4 million and Distributable Earnings were $17.9 million, or $0.12 per fully converted share, compared with a quarterly dividend of $0.355. Book value stood at $14.15 per fully converted share, supported by $820.6 million of liquidity and share repurchases of 1.37 million shares for $14.4 million. Management highlighted a strategic shift: the NewPoint acquisition added agency origination and servicing scale, while the board reduced the quarterly common dividend to $0.20 per share for Q1 2026 to better align distributions with earnings and stabilize book value.
Franklin BSP Realty Trust, Inc. appointed Michael Comparato as Chief Executive Officer, effective immediately, succeeding Richard J. Byrne, who remains Chairman of the Board. Comparato had served as the company’s President since March 2023 and leads real estate at external manager Benefit Street Partners.
The Board also promoted Brian Buffone, previously Head of Real Estate Operations at Benefit Street Partners, to President. The company highlights this as part of its management succession plan, aiming for continuity as Byrne continues providing strategic oversight. As of September 30, 2025, FBRT managed approximately $6.2 billion of commercial real estate debt assets in the United States.
Franklin BSP Realty Trust, Inc. amended the terms of its Series H Convertible Preferred Stock by extending the mandatory conversion date from January 21, 2026 to January 21, 2028. The company and the holder(s) of all outstanding Series H Preferred Stock may also mutually agree in writing to additional one-year extensions of this mandatory conversion date. The amendment, approved by the Board and the sole Series H holder, also gives the holder the right to convert up to 4,487 shares of Series H Preferred Stock one time in each calendar month before the mandatory conversion date, with 10 business days’ advance notice to the company. No other provisions of the original Series H Articles Supplementary were changed.
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.
On June 20, 2025, Franklin BSP Realty Trust, Inc. (NYSE: FBRT) filed a Form 8-K to disclose that its operating partnership, FBRT OP LLC, has issued unsecured senior notes. The company furnished this information under Item 8.01 (Other Events) and attached the related press release as Exhibit 99.1. No further details—such as principal amount, coupon rate, maturity, pricing or intended use of proceeds—are provided in the filing. An additional Exhibit 104 contains the cover page Inline XBRL data. Other sections of the report consist of standard regulatory check-boxes and signature blocks.