Welcome to our dedicated page for Franklin Bsp Rlty Tr SEC filings (Ticker: FBRT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Franklin BSP Realty Trust, Inc. filings document a Maryland real estate investment trust focused on commercial real estate debt and related agency lending operations. Its 8-K reports include financial results, supplemental operating materials, commercial real estate mortgage securitization agreements through consolidated issuers, and material changes affecting security holder rights.
Proxy filings describe board governance, stockholder voting matters, and executive compensation. The filing record also identifies the company’s NYSE-listed common stock and Series E cumulative redeemable preferred stock, and includes amendments affecting Series H convertible preferred stock terms, officer appointments, and other corporate governance disclosures.
Franklin BSP Realty Trust director Buford H. Ortale reported open-market purchases of the company’s common stock. He bought 2,000 shares on February 18, 2026 at $8.765 per share and 2,000 shares on February 17, 2026 at $8.88 per share, totaling 4,000 shares.
After these transactions, his directly held stake increased to 51,851 common shares. He also reports 3,000 shares held indirectly by a family trust for which his spouse is trustee, while expressly disclaiming beneficial ownership of those trust-held securities.
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 CFO and COO Jerome S. Baglien reported equity compensation and related tax withholding transactions in the company’s common stock. On January 27, 2026, he was granted 100,261 restricted stock units (RSUs) under the 2021 Equity Incentive Plan at no cash cost.
The RSUs vest in three equal annual installments beginning on January 27, 2027, subject to his continued qualifying service, with one share issued per RSU upon vesting. The same day, 27,264 shares were withheld at $10.17 per share to cover tax obligations from prior RSU awards, leaving him with 310,014 directly owned shares.
Franklin BSP Realty Trust Chairman and CEO Richard J. Byrne reported new equity awards and related share withholding. On January 27, 2026, he was granted 66,841 restricted stock units (RSUs) under the 2021 Equity Incentive Plan at a price of $0 per share.
The RSUs vest in three equal annual installments starting January 27, 2027, contingent on continued qualifying service, with one common share issued per RSU at vesting. On the same date, 41,207 common shares were withheld at $10.17 per share to cover tax obligations from earlier RSU vesting. Following these transactions, Byrne directly holds 476,725 shares of Franklin BSP Realty Trust common stock.
Franklin BSP Realty Trust's president, Michael Comparato, reported equity compensation and related tax withholding transactions in company common stock. He received 66,841 RSUs at $0 cost under the 2021 Equity Incentive Plan, which will vest in three equal annual installments beginning on January 27, 2027, assuming continued qualifying service.
To cover tax obligations from earlier RSU vesting awards dated January 27, 2023, February 1, 2024 and January 27, 2025, 28,584 shares were withheld at a price of $10.17 per share. After these transactions, Comparato directly beneficially owned 509,871 shares of Franklin BSP Realty Trust common stock.
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 (FBRT) filed a notice that an insider plans to sell 1,500 shares of its common stock through Raymond James & Associates on the NYSE, with an approximate sale date of 11/21/2025 and an aggregate market value of 14,995.8. The filing notes that 81,606,608 shares of common stock were outstanding. The shares to be sold come from a director grant of 3,489 common shares acquired on 06/29/2022 from Franklin BSP Realty Trust as equity compensation, with payment dated 05/31/2023.
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.