Franklin BSP Realty Trust, Inc. - FBRT STOCK NEWS

Franklin BSP Realty Trust (NYSE: FBRT) has announced its schedule for the fourth quarter 2024 earnings release and conference call. The company will release its Q4 2024 financial results on Thursday, February 13, 2025, after the NYSE trading closes. A conference call and live audio webcast to discuss the results will be held on Friday, February 14, 2025, at 9:00 a.m. ET.

Participants can pre-register for the event through the company's website at fbrtreit.com or directly via the registration link. Those unable to pre-register can dial (844) 701-1166 (Domestic) or (412) 317-5795 (International). A live webcast will be available, and participants are advised to join at least five minutes before the start. Supplemental information will be accessible via slides on the company's website, and an audio replay will be available for 90 days after the call.

Franklin BSP Realty Trust (NYSE: FBRT) has announced its dividend distributions for the fourth quarter of 2024. The company declared a dividend of $0.355 per common share, payable on January 10, 2025, to stockholders of record as of December 31, 2024. Additionally, FBRT declared a dividend on its convertible Series H Preferred Stock equal to the as-converted common dividend amount, and a dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock, payable on January 15, 2025, to Series E preferred stockholders of record as of December 31, 2024.

Franklin BSP Realty Trust (FBRT) reported Q3 2024 financial results with GAAP net income of $30.2 million ($0.30 per share), compared to a loss of $3.8 million in Q2 2024. The core portfolio balance stood at $5.2 billion across 157 loans. Notable activities include closing $380 million in new loan commitments and a $1.024 billion managed Commercial Real Estate CLO. The company maintains a strong focus on multifamily properties (74% of portfolio) with only 4% in office properties. Total liquidity reached $1.1 billion, including $346 million in cash. The company declared a Q3 common stock dividend of $0.355, representing a 9.3% yield on book value per share.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) has announced its schedule for the release of third quarter 2024 financial results. The company will disclose its results on Monday, November 4, 2024, after the New York Stock Exchange closes. Following this, FBRT will host a conference call and live audio webcast on Tuesday, November 5, 2024, at 9:00 a.m. ET to discuss the financial outcomes.

Interested parties can find all conference call and webcast details on the company's website at fbrtreit.com. Pre-registration for the call and webcast is available, and those unable to pre-register can dial in using provided numbers. The webcast will be accessible via a provided link, and a slide presentation with supplemental information may be available on the company's website before the call. An audio replay will be accessible on FBRT's website for 90 days after the conference call.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) has announced the closing of BSPRT 2024-FL11 (FL11), a $1.024 billion managed Commercial Real Estate Collateralized Loan Obligation. Key features of FL11 include:

• 36-month reinvestment period
• $100 million all multifamily 180-day ramp-up acquisition period
• Initial advance rate of 86.5%
• Weighted average interest rate of 1M CME Term SOFR+1.99% before discount and transaction costs

FBRT's President, Michael Comparato, highlighted strong investor interest and significant oversubscription across all bond classes. Barclays Capital Inc. served as sole structuring agent, while J.P. Morgan Securities and Wells Fargo Securities acted as co-lead managers and joint bookrunners.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) has announced its dividend declarations for the third quarter of 2024. The company's Board of Directors has declared a dividend of $0.355 per common share, payable on or about October 10, 2024, to stockholders of record as of September 30, 2024. Additionally, FBRT has declared a dividend on its convertible Series H Preferred Stock, equal to the as-converted common dividend amount. The company has also announced a dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE), payable on October 15, 2024, to Series E preferred stockholders of record as of September 30, 2024.

Benefit Street Partners L.L.C. (BSP) has announced the closing of three floating-rate, cross-collateralized senior loans totaling $265 million on a multifamily portfolio. The portfolio consists of 1,262 units of class A multifamily properties across three locations in Saint John's County, Florida. Electra Capital Advisors, provided additional mezzanine loans of $60 million.

The loan's sponsor, Gatlin Development, is a repeat borrower of BSP. BSP was the original construction lender for all three assets, completed in 2023 and 2024. The loan was allocated across BSP's commercial real estate platform, with $136.4 million going to Franklin BSP Realty Trust, Inc. (NYSE: FBRT). This transaction demonstrates BSP's focus on high-quality multifamily loans and their ongoing relationship with Gatlin Development.

Franklin BSP Realty Trust (NYSE: FBRT) announced its Q2 2024 financial results. Key highlights include:

• GAAP net loss of $3.8 million, compared to $35.8 million profit in Q1 2024
• Diluted EPS of $(0.11), down from $0.35 in Q1 2024
• Distributable Earnings of $32.4 million ($0.31 per diluted share), compared to $41.0 million ($0.41 per share) in Q1 2024
• Core portfolio principal balance increased by $195 million to $5.4 billion
• Closed $622 million of new loan commitments at a weighted average spread of 318 basis points
• Declared Q2 common stock cash dividend of $0.355, representing a 9.3% annualized yield on book value per share
• Book value of $15.27 per diluted common share
• Repurchased 240,740 shares at an average price of $12.42 per share

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) announced the release of its second quarter 2024 results on July 31, 2024, after the market closes. The company will hold a conference call and live audio webcast to discuss these financial results on August 1, 2024, at 9:00 a.m. ET. Detailed information about the call and webcast, including registration links and access numbers, can be found on the company’s website. Participants are advised to pre-register and join the call at least five minutes prior to the start time. A slide presentation with supplemental information will be available on the website before the call, and an audio replay of the broadcast will be accessible for 90 days following the event.