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Franklin BSP Realty Trust Inc (FBRT) provides investors and industry professionals with essential updates on its commercial real estate debt strategies and secured lending activities. This dedicated news hub aggregates all press releases and financial developments related to FBRT's core operations in mortgage origination, real estate securities, and asset management.
Access timely updates on earnings reports, portfolio acquisitions, and strategic initiatives impacting FBRT's position in the REIT sector. Our curated collection ensures transparent access to primary source materials, including regulatory filings and market-moving announcements.
Key coverage areas include commercial mortgage financing developments, real estate owned (REO) asset updates, and debt portfolio performance. Content is rigorously verified to maintain compliance with financial disclosure standards while serving both institutional and individual investors.
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Franklin BSP Realty Trust, Inc. (NYSE: FBRT) closed a $125 million loan on a 414-unit multifamily property in downtown Stamford, CT, part of $408 million in loan originations in Q2 and $999 million year-to-date. The loan has a three-year term with extension options, sponsored by Quarterra Multifamily, a subsidiary of Lennar FBRT President, Michael Comparato, commended the partnership with Quarterra.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) reported GAAP net income of $35.8 million for Q1 2024, increase from $30.0 million in Q4 2023. Diluted EPS rose to $0.35 from $0.28. Distributable Earnings grew to $41.0 million, or $0.41 per diluted common share. First Quarter 2024 Summary: GAAP and Distributable Earnings ROE of 8.9% and 10.4%, respectively. Book value of $15.68 per diluted common share. Declared a $0.355 dividend. Closed $591 million in new loans. Total liquidity at $1.0 billion. Repurchased 151,123 shares. The Company remains optimistic about its future growth and performance.