Franklin BSP Realty Trust Inc

Franklin BSP Realty Trust, Inc. operates as a real estate finance company. The firm originates, acquires and manages a diversified portfolio of commercial real estate debt investments secured by properties located within and outside the United States. It operates through the following segments: Real Estate Debt, Real Estate Securities, Commercial Conduit and Real Estate Owned Business. The Real Estate Debt business focuses on originating, acquiring and asset managing commercial real estate debt investments, including first mortgage loans, subordinate mortgages, mezzanine loans and participations in such loans. The Real Estate Securities business focuses on investing in and asset managing commercial real estate securities primarily consisting of CMBS and may include unsecured REIT debt, CDO notes and other securities. The Commercial Conduit business focuses on originating and subsequently selling fixed-rate commercial real estate loans into the CMBS securitization market. The Real Estate Owned business represents real estate acquired by the company through foreclosure, deed in lieu of foreclosure, or purchase. The company was founded on November 15, 2012 and is headquartered in New York, NY.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

FBRT reports robust Q1 earnings, eyes construction lending opportunities

FBRT's Q1 2023 performance reflects strong financial results, strategic portfolio improvements, and a focus on multifamily loans and borrower relationships.
The company's strengths lie in its liquidity position, proactive portfolio management, and commitment to enhancing shareholder value through buybacks and earnings protection.
Challenges include market constraints, rising interest rates, and competition from banks, while opportunities in construction lending and borrower resolutions offer avenues for growth.
Overall, FBRT's balanced approach to risk management, focus on growth opportunities, and financial stability position it well to navigate market challenges and drive future success.

FBRT reports 50% surge in Q2 earnings, eyes high-yield opportunities

FBRT's strong Q2 performance was driven by earnings growth, maintaining liquidity, and strategic capital deployment. Despite challenges with asset watch lists and REO properties, the company's focus on high-quality deals and ample cash position positions it well for seizing market opportunities. By balancing loan modifications and maintaining a strong return on equity focus, FBRT aims to navigate market dynamics effectively.

FBRT reports strong Q3 results amidst market challenges and opportunities

FBRT delivered solid financial performance in Q3 2023, supported by a robust loan portfolio and strategic liquidity management.
While facing challenges in the multifamily market, the company's proactive approach to loan modifications and credit management is commendable.
FBRT's focus on multifamily and hospitality sectors, along with its strong liquidity position, positions it well for future growth and resilience.

Franklin BSP Realty Trust Inc reports robust Q4 performance and eyes growth opportunities through acquisitions and dividends

FBRT's Q4 earnings call showcased strong performance, competitive strengths in deal flow, and growth opportunities through acquisitions and dividend adjustments. Challenges include CECL reserves impacting earnings and a competitive market landscape.

FBRT excels in Q1 earnings, navigates challenges for growth

FBRT's Q1 performance reflects financial strength and proactive risk management strategies. The company's core portfolio growth and successful conduit program underscore operational resilience. Challenges in CECL reserves and nonperforming loans require strategic attention, while opportunities in CLOs and construction loans pave the way for future growth.

FBRT reports strong loan commitments and liquidity amidst market challenges

FBRT's performance in new loan commitments and liquidity position remains strong, while challenges in legacy loans persist.
The company is proactively addressing REO assets and market conditions, with a focus on profitability and strategic management.
Opportunities in the multifamily sector and high-quality post-rate hike loans present avenues for growth and asset optimization.
Overall, FBRT's Q3 earnings call highlights a mix of performance, strengths, challenges, and opportunities in the current market landscape.

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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a fourth quarter 2023 dividend of $0.355 per common share. The dividend is payable on or about January 10, 2024, to common stockholders of record as of December 29, 2023. The Board of Directors also declared a fourth quarter 2023 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBR.

Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2023 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) announced today that it will participate in the Raymond James Non-Bank Lenders Symposium on Thursday, January 4, 2024. FBRT will host one-on-one meetings and Michael Comparato, President of FBRT, will be a panelist on the Commercial Real Estate MREIT panel at 12:30 P.M. Eastern Time. For any questions regarding the conference, please contact Lindsey Crabbe, Director of Investor Relations, at l.crab.

Franklin BSP Realty Trust, Inc. to Participate in Raymond James' Non-Bank Lenders Symposium

Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Lindsey Crabbe - Director, IR Richard Byrne - Chairman & CEO Jerome Baglien - CFO, COO & Treasurer Michael Comparato - President Conference Call Participants Stephen Laws - Raymond James Matthew Erdner - JonesTrading Steven Delaney - JMP Securities Sarah Barcomb - BTIG Jade Rahmani - KBW Operator Good morning, and welcome to the Franklin BSP Realty Trust Third Quarter 2023 Earnings Call. [Operator Instructions].

Franklin BSP Realty Trust, Inc. (FBRT) Q3 2023 Earnings Call Transcript

Franklin BSP (FBRT) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.33 per share a year ago.

Franklin BSP (FBRT) Surpasses Q3 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2023. Reported GAAP net income of $31.0 million, or $0.30 per diluted common share for the three months ended September 30, 2023, respectively, compared to $39.6 million, or $0.39 per diluted common share for the three months ended June 30, 2023, respectively. Reported Distributable Earnings (a non-GAAP financial measure) of $42.

Franklin BSP Realty Trust, Inc. Announces Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its third quarter 2023 results on Monday, October 30, 2023, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, October 31, 2023, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtr.

Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2023-FL10, an approximately $900 million managed Commercial Real Estate Collateralized Loan Obligation (“FL10 CRE CLO”). This was FBRT's tenth CLO completed since June 2017. The FL10 CRE CLO features an 18-month reinvestment period with an initial advance rate of 85.5% and a weighted average interest rate of Term SOFR+275% before accounting for discount and tran.

Franklin BSP Realty Trust, Inc. Announces Closing of Approximately $900 Million CLO

Franklin BSP Realty Trust is a REIT that manages a diversified portfolio of commercial real estate debt investments. FBRT has a well-diversified portfolio of senior floating rate loans, a conservative balance sheet, and strong sponsorship and management. The fund has seen growth in distributable earnings and has a history of steady quarterly distributions.

Franklin BSP Realty Is Benefiting From Higher Short-Term Interest Rates

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a third quarter 2023 dividend of $0.355 per common share. The dividend is payable on or about October 10, 2023 to common stockholders of record as of September 29, 2023. The Board of Directors also declared a third quarter 2023 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT'.

Franklin BSP Realty Trust, Inc. Announces Third Quarter 2023 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $80 million loan facilitating the refinancing of the Alexan Waterloo (“the Alexan”), a 272-unit, 30-story, 2021-vintage luxury high-rise multifamily property located in downtown Austin, Texas, centrally located to the medical district. Crow Holdings Capital (the “Borrower”, “Crow”) is the property developer and is a subsidiary of Crow Holdings, a privately owned rea.

Franklin BSP Realty Trust, Inc. Announces Closing of a $80 Million Loan on the Alexan Waterloo, a Luxury High-Rise Multifamily Property

Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Lindsey Crabbe - Director, IR Richard Byrne - Chairman & CEO Jerome Baglien - CFO, COO & Treasurer Michael Comparato - President Conference Call Participants Sarah Barcomb - BTIG Matthew Erdner - JonesTrading Steven Delaney - JMP Securities Stephen Laws - Raymond James & Associates Matthew Howlett - B. Riley Securities Operator Good day, and welcome to the Franklin BSP Realty Trust Second Quarter 2023 Earnings Conference Call.

Franklin BSP Realty Trust, Inc. (FBRT) Q2 2023 Earnings Call Transcript

Franklin BSP (FBRT) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.29 per share a year ago.

Franklin BSP (FBRT) Beats Q2 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended June 30, 2023. Reported GAAP net income of $39.6 million for the three months ended June 30, 2023, compared to $43.8 million for the three months ended March 31, 2023. Reported diluted earnings per share ("EPS") to common stockholders of $0.39 for the three months ended June 30, 2023, compared to $0.44 for the three months ended March 31, 2023.

Franklin BSP Realty Trust, Inc. Announces Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its second quarter 2023 results on Monday, July 31, 2023, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, August 1, 2023, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.

Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a second quarter 2023 dividend of $0.355 per common share. The dividend is payable on July 10, 2023 to common stockholders of record as of June 30, 2023. The Board of Directors also declared a second quarter 2023 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT's Board of Dire.

Franklin BSP Realty Trust, Inc. Announces Second Quarter 2023 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

Franklin BSP is paying out a 10% dividend yield that's fully covered by earnings available for distribution. The mREIT's portfolio is heavy on floating rate multifamily housing loans. Common shares are currently swapping hands at a 10% discount to book, with the preferreds offering a steeper 21% discount to par value.

Franklin BSP Realty: Commercial Mortgage Loans For A 10% Yield

Franklin BSP (FBRT) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.09 per share a year ago.

Franklin BSP (FBRT) Beats Q1 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2023. Reported GAAP net income of $43.8 million for the three months ended March 31, 2023, compared to $27.2 million for the three months ended December 31, 2022. Reported diluted earnings per share ("EPS") to common stockholders of $0.44 for the three months ended March 31, 2023, compared to $0.25 for the three months ended December.

Franklin BSP Realty Trust, Inc. Announces First Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it has rescheduled the Company's first quarter 2023 earnings conference call to avoid overlapping commercial real estate industry conference calls. The Company will release its first quarter 2023 results on Wednesday, May 3, 2023, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial re.

Franklin BSP Realty Trust, Inc. Reschedules First Quarter 2023 Conference Call

Franklin BSP (FBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Franklin BSP (FBRT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the successful completion of the sale of the Williamsburg Hotel, the Company's Brooklyn hotel asset, by a trustee appointed by the United States Bankruptcy Court for the Southern District of New York. The purchaser of the hotel was selected after a multi-month marketing process. The sale closed for a total sale price of $96 million, comprising cash and new indebtedness.

Franklin BSP Realty Trust, Inc. Announces Completion of Williamsburg Hotel Sale

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its first quarter 2023 results on Wednesday, May 3, 2023, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, May 4, 2023, at 10:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.

Franklin BSP Realty Trust, Inc. Schedules First Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the appointment of Michael Comparato as its new President. Richard J. Byrne, who previously served as President, will continue to serve as Chairman of the Board of Directors and Chief Executive Officer. Mr. Comparato is a managing director with Benefit Street Partners L.L.C. (“BSP”), the Company's external manager, and has served as Head of Commercial Real Estate for BSP since 2017.

Franklin BSP Realty Trust, Inc. Appoints Michael Comparato as President

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