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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.
ORTALE BUFORD H reported acquisition or exercise transactions in this Form 4 filing.
Franklin BSP Realty Trust director Buford H. Ortale received a grant of 12,835 shares of Common Stock as a stock award. The shares are restricted and were issued under the company’s 2021 Equity Incentive Plan at a stated price of $0.00 per share.
The restricted shares vest on the earlier of the company’s 2027 Annual Meeting of Stockholders or June 8, 2027. After this award, Ortale holds 64,686 Common Stock shares directly. Separately, 3,000 shares are held indirectly by Sewanee Vero LLC, a family trust where Ortale’s spouse is trustee, and Ortale disclaims beneficial ownership of those indirect shares.
Dumars Joe reported acquisition or exercise transactions in this Form 4 filing.
Franklin BSP Realty Trust director Joe Dumars received an equity grant of 12,835 restricted shares of common stock. The award was granted at no cash cost per share as part of the company’s 2021 Equity Incentive Plan and is a form of stock-based compensation.
The restricted shares vest on the earlier of the company’s 2027 Annual Meeting of Stockholders or June 8, 2027. After this grant, Dumars directly holds a total of 39,442 common shares, aligning his interests more closely with other stockholders through increased ownership.
McDonough Peter J reported acquisition or exercise transactions in this Form 4 filing.
Franklin BSP Realty Trust director Peter J. McDonough received a grant of 12,835 shares of Common Stock. The shares were awarded at no purchase price as restricted stock under the company’s 2021 Equity Incentive Plan and are classified as directly owned.
Following this award, McDonough holds a total of 58,761 shares of Common Stock. The restricted shares will vest on the earlier of the date of Franklin BSP Realty Trust’s 2027 Annual Meeting of Stockholders or June 8, 2027, tying the award to his ongoing board service.
Tuppeny Elizabeth K. reported acquisition or exercise transactions in this Form 4 filing.
Franklin BSP Realty Trust director Elizabeth K. Tuppeny received a grant of 12,835 shares of Common Stock. The shares were awarded at a price of $0.00 per share under the company’s 2021 Equity Incentive Plan and increase her direct holdings to 62,742 shares.
The shares are restricted and will vest on the earlier of the company’s 2027 Annual Meeting of Stockholders or June 8, 2027, aligning the director’s compensation with the company’s longer-term performance.
Augustine Patsy Joseph reported acquisition or exercise transactions in this Form 4 filing.
Franklin BSP Realty Trust director Patsy Joseph Augustine received a grant of 12,835 restricted shares of common stock as equity compensation. The award was issued at no cash cost under the company’s 2021 Equity Incentive Plan and increases the director’s direct holdings to 49,062 shares.
The restricted shares will vest on the earlier of the company’s 2027 Annual Meeting of Stockholders or June 8, 2027. This structure ties the director’s compensation to the company’s long-term performance and continued board service.
Franklin BSP Realty Trust, Inc. held its 2026 annual stockholder meeting on June 8, 2026. Stockholders elected six directors — Pat Augustine, Richard J. Byrne, Joe Dumars, Peter J. McDonough, Buford H. Ortale and Elizabeth K. Tuppeny — to one-year terms ending at the 2027 annual meeting. Stockholders also approved the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. In addition, stockholders approved, on an advisory basis, the compensation of the company’s named executive officers.
Franklin BSP Realty Trust Inc ownership update: Vanguard Capital Management reports beneficial ownership of 4,173,488 shares of Common Stock, representing 5.15% of the class. The filing shows sole voting power for 612,879 shares and sole dispositive power for 4,173,488 shares. The disclosure notes holdings include securities held for Vanguard funds and affiliated investment sleeves.
Franklin BSP Realty Trust reported first quarter 2026 results showing modest earnings and active capital management. GAAP net income was $12.3 million, or $0.07 per diluted share and $0.08 per fully converted share. Distributable Earnings were $13.5 million, or $0.09 per fully converted share, and $25.9 million before realized losses.
The core commercial real estate loan portfolio grew to $4.6 billion across 177 loans, with 79% secured by multifamily properties. The Agency Business originated $646.3 million of new commitments and expanded its servicing portfolio to $58.1 billion, with mortgage servicing rights valued at $211.9 million.
The company repurchased 4,361,596 common shares for $39.8 million at an average price of $9.13, adding $0.24 per share to book value. Fully converted book value was $14.18 per share, and adjusted fully converted book value was $14.58. A quarterly dividend of $0.20 per share was declared. Total assets were $6.3 billion and total liquidity was $521.0 million.
Franklin BSP Realty Trust, Inc. reported first-quarter 2026 net income of $12.3 million, down from $23.7 million a year earlier. Net income applicable to common stockholders was $6.1 million, with basic and diluted earnings per share of $0.07 versus $0.20 in 2025.
Total income rose to $74.4 million from $55.0 million, helped by $21.3 million of gains on sales and $10.6 million of servicing revenue, but higher expenses and an $11.4 million credit loss provision reduced profitability. The commercial mortgage loan portfolio grew and non‑performing loans increased to $308.9 million. The company repurchased 4.4 million common shares for $39.8 million, ending the quarter with $6.30 billion in assets and $1.48 billion in total equity.
Franklin BSP Realty Trust, Inc. reports that a consolidated subsidiary closed an approximately $880.4 million commercial real estate mortgage securitization backed by a portfolio of commercial and multifamily mortgage-related assets. The Issuer sold about $778.1 million of notes in a private placement across multiple secured classes due 2043.
The net proceeds from the Offered Notes will be used primarily to repay borrowings under existing credit facilities, fund future loans and investments, and for general corporate purposes. Through its equity in the Issuer, the company expects to continue owning the underlying loan portfolio and will treat the Offered Notes as a financing on its balance sheet.