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 first quarter 2023 dividend of $0.355 per common share. The dividend is payable on April 10, 2023 to common stockholders of record as of March 31, 2023. The Board of Directors also declared a first quarter 2023 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.

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

AGNC Investment

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Annaly Capital

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The massive beatdown in mortgage REITs and BDCs triggered a wave of upgrades. It was quite a while since we had so many bullish outlooks for the sector.

Big Opportunity For Big Yields

ACRES Commercial Realty Corp.

Jerome Powell swings a wrecking ball into the markets. Even assets that would normally benefit from higher rates are down because of economic risk.

High Yield Carnage Begins

Franklin BSP (FBRT) delivered earnings and revenue surprises of 5.71% and 13.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Franklin BSP (FBRT) Beats Q4 Earnings and Revenue Estimates (Revised)

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U.S. equity markets posted their worst week of the year as benchmark interest rates jumped to three-month highs on data showing a surprising reacceleration in inflation and economic activity in January. Declining for a third straight week - a skid that follows a stretch of four-of-five weekly gains to start the year - the S&P 500 dipped 2.7% while the Nasdaq declined over 3%.

Inflation Remains A Problem

Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET Company Participants Lindsey Crabbe - Director of IR Richard Byrne - Chairman and CEO Jerome Baglien - CFO and COO Michael Comparato - Head of Commercial Real Estate, Benefit Street Partners Conference Call Participants Steven DeLaney - JMP Securities Operator Good morning, and welcome to the Franklin BSP Realty Trust Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Franklin BSP Realty Trust, Inc. (FBRT) Q4 2022 Earnings Call Transcript

Capstead (FBRT) delivered earnings and revenue surprises of 5.71% and 13.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Franklin BSP (FBRT) Beats Q4 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 and full year ended December 31, 2022. Reported GAAP net income of $27.2 million and $14.2 million for the three and twelve months ended December 31, 2022, respectively. Reported diluted earnings per share ("EPS") to common stockholders of $0.25 and $(0.38) for the three and twelve months ended December 31, 2022, respectively.

Franklin BSP Realty Trust, Inc. Announces Fourth Quarter and Full Year 2022 Results

Arlington Asset Investment

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

Slash to 11% or 12% incoming. Shares already dipped some, though many investors don't know about the cut yet.

16% Dividend Yield Slash Incoming

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $120 million loan facilitating the refinancing of a portfolio of 12 limited-service hotels located in California (7), Connecticut (3) and New Jersey (2). The portfolio totals 1,313 hotel rooms spread across six different hotel chains, including Residence Inn and Hilton Garden Inn.

Franklin BSP Realty Trust, Inc. Announces Closing of $120 Million Loan on a Limited-Service Hotel Portfolio

Big unsustainable yield at a premium valuation. This share isn't for investors, it's for suckers. The valuation is at historically high levels. People who keep holding onto shares are not investing.

Dump This Fat 16% Yield Before The Cut

Similar shares at different valuations are the basis for alpha. The research is so hard, it requires adding dividends or looking at a chart.

A Painfully Obvious Dividend Choice

NEW YORK--( BUSINESS WIRE )--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its fourth quarter 2022 results on Wednesday, February 22, 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, February 23, 2023, at 9:00 a.m. ET.

Franklin BSP Realty Trust, Inc. Schedules Fourth Quarter 2022 Earnings Release and Conference Call

We're contrasting two sets of investments where one is demonstrably better than the other. Market prices are not efficient. Sometimes investors leave a nice chunk of change on the table.

Dueling Dividends

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Braemar Hotels & Resorts Inc

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EPR Properties

Four Corners Property Trust

Hannon Armstrong Sustainable Infrastructure Capital

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iShares Preferred and Income Securities ETF 

U.S. equity markets closed out their worst year since the Financial Crisis with a fourth-straight week of declines as Treasury yields jumped back to seven-week highs on renewed inflation and COVID concerns. Dragging its full-year declines to nearly 20%, the S&P 500 slipped 0.1% this week while the tech-heavy Nasdaq dipped another 0.4%, shedding nearly a third of its value in 2022.

Good Riddance, 2022

Dividend yields: 7.8% to 15%. Dramatic discounts to net asset value. Price to NAV range: .36 to .86.

High-Yield Shares On Sale Today

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 2022 common dividend of $0.355 per common share. The dividend is payable on January 11, 2023 to common stockholders of record as of December 30, 2022. The Board of Directors also declared fourth quarter 2022 dividends on its convertible Series H and I Preferred Stock in amounts equal to the as-converted common dividend amounts.

Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2022 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 appointment of Joe Dumars to the FBRT Board of Directors, effective January 1, 2023. Following the appointment of Mr. Dumars, the Board will comprise eight directors, seven of whom will be independent.

Franklin BSP Realty Trust, Inc. Announces Appointment of Joe Dumars to the Board of Directors

Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Lindsey Crabbe - Director of IR Richard Byrne - Chairman and CEO Jerry Baglien - CFO and COO Michael Comparato - Head of Commercial Real Estate, Benefit Street Partners Conference Call Participants Steve DeLaney - JMP Securities Matthew Howlett - B. Riley Operator Good day, and welcome to the Franklin BSP Realty Trust Third Quarter 2022 Earnings Conference Call.

Franklin BSP Realty Trust, Inc. (FBRT) Q3 2022 Earnings Call Transcript

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, 2022.

Franklin BSP Realty Trust, Inc. Announces Third Quarter 2022 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 2022 results on Wednesday, November 9, 2022, after the close of trading on the New York Stock Exchange.

Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2022 Earnings Release and Conference Call

Franklin Resources

NEW YORK--(BUSINESS WIRE)--Benefit Street Partners L.L.C (“BSP”) and its parent company Franklin Templeton today announced the launch of Franklin BSP Private Credit Fund (FBSPX). The fund takes a multi-strategy approach to investing in US middle market private credit, seeking to generate strong current income and superior risk-adjusted returns across market cycles. Its interval fund structure provides access to potentially higher-yielding, senior-secured, credit-focused strategies not as readil

Benefit Street Partners Launches Multi-Strategy Interval Fund, Franklin BSP Private Credit Fund

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $235 million loan facilitating the refinancing of The Elser Hotel & Residences (“The Elser”), a 646-unit condominium hotel located in Downtown Miami, Florida. RMWC, a private debt fund, provided a co-terminus mezzanine loan for $25 million at closing. The Class A asset was developed by Property Markets Group (“PMG”). PMG is a repeat client of RMWC and Benefit St

Franklin BSP Realty Trust, Inc. Announces Closing of $235.0 Million Loan on The Elser Hotel & Residences

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 2022 common dividend of $0.355 per common share. The dividend is payable on October 11, 2022 to common stockholders of record as of September 30, 2022. The Board of Directors also declared third quarter 2022 dividends on its convertible Series C and H Preferred Stock in amounts equal to the as-converted common dividend amounts. FBR

Franklin BSP Realty Trust, Inc. Announces Third Quarter 2022 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

Franklin BSP Realty Trust uses a REIT structure to originate and manage a diversified portfolio of senior, floating rate loans on commercial real estate. The current book value is about $15.81 per fully converted share. This consists of common and preferred equity capital as of June 30, 2022.

Franklin BSP Realty Is A Decent Value Trading Below Book Value

News for Franklin BSP Realty Trust Inc Stock (FBRT)