Articles from Franklin BSP Realty Trust, Inc.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its fourth quarter 2024 results on Thursday, February 13, 2025, 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 Friday, February 14, 2025, at 9:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a fourth quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about January 10, 2025, to common stockholders of record as of December 31, 2024. The Board of Directors also declared a fourth quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2024.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) today announced that it will release its third quarter 2024 results on Monday, November 4, 2024, 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, November 5, 2024, at 9:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) today announced the closing of BSPRT 2024-FL11 (“FL11”), a $1.024 billion managed Commercial Real Estate Collateralized Loan Obligation. FL11 features a 36-month reinvestment period and includes a $100 million, all multifamily 180-day ramp-up acquisition period. The transaction has an initial advance rate of 86.5% and a weighted average interest rate of 1M CME Term SOFR+1.99% before accounting for discount and transaction costs.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a third quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about October 10, 2024 to common stockholders of record as of September 30, 2024. The Board of Directors also declared a third quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended June 30, 2024.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its second quarter 2024 results on Wednesday, July 31, 2024, 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, August 1, 2024, at 9:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a second quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about July 10, 2024 to common stockholders of record as of June 28, 2024. The Board of Directors also declared a second quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced the closing of a $125 million floating-rate senior loan facilitating the refinancing of a 2023 vintage, 414-unit multifamily property with 18,000 square feet of ground floor retail centrally located in downtown Stamford, CT. Inclusive of this loan, FBRT has committed to $408 million of loan originations to date in the second quarter and $999 million year-to-date.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2024.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced the closing of a $125 million floating-rate senior loan facilitating the refinancing of a four-property industrial portfolio located across the Southwestern United States. Inclusive of this loan, FBRT has committed to $716 million of loan originations year-to-date and has a robust forward pipeline.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its first quarter 2024 results on Monday, April 29, 2024, 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, April 30, 2024, at 9:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a first quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about April 10, 2024 to common stockholders of record as of March 29, 2024. The Board of Directors also declared a first quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter and full year ended December 31, 2023.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its fourth quarter 2023 results on Wednesday, February 14, 2024, 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 15, 2024, at 9:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2023.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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 transaction costs.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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 real estate investment and development firm with more than 70 years of history and approximately $24 billion of assets under management.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended June 30, 2023.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2023.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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 results on Thursday, May 4, 2023, at 9:30 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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. As a result of the sale, the Company has recovered the full principal amount of its loan (equal to the carrying cost of the loan as of December 31, 2022) and approximately $20 million of additional proceeds after the payment of all related closing expenses.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter and full year ended December 31, 2022.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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. Driftwood Capital (“Driftwood”), a specialty hospitality capital provider, provided a co-terminus mezzanine loan for $20 million at closing, for a combined loan of $140 million. Ten of the 12 assets recently received significant renovations and the remaining two assets are completing renovations imminently. The Borrower was represented by JLL and represents the sixth transaction where FBRT and Driftwood have provided a senior/mezzanine loan structure together.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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. (NYSEFBRT) (“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. (NYSEFBRT) (“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. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2022.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, November 10, 2022, at 9:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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 Street Partners L.L.C. (“BSP”), FBRT’s external manager.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“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.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended June 30, 2022.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) announced today that it has rescheduled the release of results and accompanying conference call for the quarter ended June 30, 2022. The Company will release its second quarter 2022 results on Friday, July 29, 2022, before the opening 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 Friday, July 29, 2022, at 8:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its second quarter 2022 results on Wednesday, August 10, 2022, before the opening 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 Wednesday, August 10, 2022, at 8:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2022-FL9, an approximately $800 million managed Commercial Real Estate Collateralized Loan Obligation (“FL9 CRE CLO”). This was FBRT’s ninth CLO completed since June 2017. The FL9 CRE CLO features a two-year reinvestment period with an initial advance rate of 83.5% and a weighted average interest rate of SOFR+2.80% before accounting for discount and transaction costs.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a second quarter 2022 common dividend of $0.355 per common share. The dividend is payable on July 11, 2022 to common stockholders of record as of June 30, 2022. The Board of Directors also declared second quarter 2022 dividends on its convertible Series C and D Preferred Stock in amounts equal to the as-converted common dividend amounts.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced the closing of five separate, first mortgage floating-rate bridge loans totaling $368.4 million to facilitate the acquisition of twenty multifamily assets, totaling 2,899 units. Sixteen assets are in North Carolina, three assets are in South Carolina and one asset is in Oklahoma. The properties were acquired by various affiliates of GVA Real Estate Group (“GVA”).

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced that management will present at Nareit’s REITweek 2022 Investor Conference on Tuesday, June 7, 2022 at 2:15 p.m. Eastern Time. A live audio webcast of the presentation will be available on the “News & Events” tab of FBRT’s website at www.fbrtreit.com/events-and-presentations. The Company will also host one-on-one meetings during the conference.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2022.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced that all of the outstanding shares of the Company’s Series F Convertible Preferred Stock converted on a one-for-one basis into an equal amount of shares of the Company’s common stock on April 19, 2022. Following such conversion, there were 83,690,662 shares of the Company’s common stock outstanding. All shares of common stock issued upon conversion are freely tradeable by the holders on the New York Stock Exchange. There are no shares of Series F Preferred Stock outstanding following the conversion.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its first quarter 2022 results following the close of trading on the New York Stock Exchange on Wednesday, May 4, 2022. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, May 5, 2022 at 10:00 a.m. ET.

In the final financial table in the release, entitled RECONCILIATION OF GAAP NET INCOME TO DISTRIBUTABLE EARNINGS, there have been multiple revisions.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended December 31, 2021.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2022-FL8, a $1.2 billion managed Commercial Real Estate Collateralized Loan Obligation (“FL8 CRE CLO”). This was FBRT’s eighth CLO completed since June 2017. The FL8 CRE CLO features a two-year reinvestment period with an initial advance rate of 80% and a weighted average interest rate of SOFR+1.72% before accounting for transaction costs.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its fourth quarter 2021 results following the close of trading on the New York Stock Exchange on Wednesday, February 23, 2022. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, February 24, 2022 at 10:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced the Company closed a record $1.6 billion of commitments in the fourth quarter of 2021, resulting in record annual originations of 95 loans totaling approximately $3.2 billion of commitments for the year.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2021-FL7, a $900 million managed Commercial Real Estate Collateralized Loan Obligation (“FL7 CRE CLO”). This was FBRT’s seventh CLO completed since June 2017. The FL7 CRE CLO features a two-year reinvestment period with an initial advance rate of 80.25% and a weighted average interest rate of L+1.64% before accounting for transaction costs.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced its fourth quarter 2021 common dividend of $0.355 per common share. The cumulative fourth quarter dividend consists of the $0.07 per share interim dividend paid on October 18, 2021 prior to the completion of the merger with Capstead Mortgage Corporation, and the remaining dividend of $0.285 per share declared by the Board of Directors on December 17, 2021, which will be paid on January 10, 2022 to common stockholders of record as of December 31, 2021.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2021.

Franklin BSP Realty Trust, Inc. (NYSEFBRT) (“FBRT” or the “Company”) announced today that it will release its third quarter 2021 results following the close of trading on the New York Stock Exchange on Wednesday, November 10, 2021. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, November 11, 2021 at 10:00 a.m. ET.

Franklin BSP Realty Trust, Inc. (f/k/a Benefit Street Partners Realty Trust, Inc.) (“FBRT”), a publicly-registered, non-listed real estate investment trust (“REIT”), and Capstead Mortgage Corporation (NYSECMO) (“Capstead”), a REIT, today announced the final exchange ratio and cash consideration for the previously announced proposed merger between FBRT and Capstead.