Earnings summaries and quarterly performance for Franklin BSP Realty Trust.
Executive leadership at Franklin BSP Realty Trust.
Board of directors at Franklin BSP Realty Trust.
Research analysts who have asked questions during Franklin BSP Realty Trust earnings calls.
Matthew Erdner
JonesTrading Institutional Services
5 questions for FBRT
Also covers: ACR, AGNC, AOMR +17 more
Jason Stewart
Janney Montgomery Scott LLC
3 questions for FBRT
Also covers: AGNC, AJX, AOMR +12 more
William Catherwood
BTIG
3 questions for FBRT
Also covers: ARE, ARI, BRSP +14 more
Randolph Binner
B. Riley Financial, Inc.
2 questions for FBRT
Also covers: ABL, AOMR, ARR +12 more
Randy Binner
B. Riley Securities
2 questions for FBRT
Also covers: ARR, BRSP, BUR +13 more
Stephen Laws
Raymond James
2 questions for FBRT
Also covers: ABR, ACR, AJX +16 more
Steve Delaney
Citizens JMP Securities, LLC
2 questions for FBRT
Also covers: LADR, MFA, RWT
Steven Delaney
Citizens JMP Capital
2 questions for FBRT
Also covers: ABR, ACRE, ARI +12 more
Tom Catherwood
BTIG
2 questions for FBRT
Also covers: BXMT, HPP, KREF +2 more
Recent press releases and 8-K filings for FBRT.
Franklin BSP Realty Trust Discusses Portfolio, NewPoint Acquisition, and Path to Dividend Coverage
FBRT
M&A
Dividends
New Projects/Investments
- Franklin BSP Realty Trust (FBRT), a commercial mortgage REIT, manages a $4.4 billion core portfolio, with 75% concentrated in multifamily assets, primarily in Sunbelt regions.
- FBRT completed the acquisition of NewPoint on July 1, a company with agency licenses that recorded $2.1 billion in agency originations for the quarter. This acquisition is expected to provide a natural exit path for bridge loans, expand borrower access, and contribute to book value growth through a mortgage servicing rights (MSR) portfolio.
- The company's 14% dividend yield is currently not covered, but FBRT anticipates achieving dividend coverage in the back half of 2026.
- Key initiatives to achieve dividend coverage include the recent $1.1 billion CLO issuance (expected to add $0.05-$0.07 per quarter in earnings power) , the monetization of Real Estate Owned (REO) assets (expected to add $0.08-$0.12 to EPS) , and the integration of NewPoint (expected to add $0.04-$0.08 cents to EPS initially).
Nov 20, 2025, 3:55 PM
Franklin BSP Realty Trust Updates on Portfolio, Acquisition, and Dividend Strategy
FBRT
M&A
Dividends
New Projects/Investments
- Franklin BSP Realty Trust (FBRT), a commercial mortgage REIT, reported a core portfolio of $4.4 billion as of September 30th, with 75% concentrated in multifamily assets, and aims to reach a $5 billion portfolio size.
- The company is currently trading at approximately 70% of its book value, resulting in a 14% dividend yield on its stock price.
- FBRT completed the acquisition of NewPoint on July 1st, gaining agency licenses and recording $2.1 billion in agency originations in the quarter, which also allows FBRT to retain Mortgage Servicing Rights (MSRs).
- A $1.1 billion CLO was issued on October 15th to free up capital for reinvestment, a key step in the company's strategy to achieve dividend coverage, which is anticipated by the back half of 2026. This strategy also includes monetizing REO assets and fully integrating NewPoint, with these initiatives expected to add $0.05-$0.07 per quarter from CLO reinvestment, $0.08-$0.12 to EPS from REO, and $0.04-$0.08 from NewPoint integration in the near term.
Nov 20, 2025, 3:55 PM
Franklin BSP Realty Trust (FBRT) Updates on Portfolio, NewPoint Acquisition, and Dividend Strategy
FBRT
Dividends
M&A
New Projects/Investments
- Franklin BSP Realty Trust (FBRT) is a commercial mortgage REIT with a $4.4 billion core portfolio as of September 30, primarily focused on multifamily assets (approximately 75% of the portfolio) in the Southwest, Southeast, and Sunbelt regions, with a net leverage of approximately 2.5 times.
- The company currently offers a 14% dividend yield on its stock price, though the dividend is not fully covered. Management expects to achieve dividend coverage in the back half of 2026 through strategic initiatives.
- Key initiatives for dividend coverage include a $1.1 billion CLO issuance (closed October 15th) projected to add $0.05-$0.07 per quarter in earnings power once reinvested , and the acquisition of NewPoint (closed July 1st), which recorded $2.1 billion in agency originations in its first quarter and is anticipated to contribute $0.04-$0.08 to EPS in the near term.
- FBRT maintains minimal exposure to office assets, which constitute only about 2% of its total portfolio as of quarter end, and has not originated new office loans since 2020.
Nov 20, 2025, 3:55 PM
Franklin BSP Realty Trust Reports Q3 2025 Earnings, Highlights NewPoint Contribution and Share Buyback
FBRT
Earnings
M&A
Share Buyback
- Franklin BSP Realty Trust (FBRT) reported distributable earnings of $0.22 per fully converted share and GAAP net income of $0.13 per fully converted common share for Q3 2025.
- The acquisition of NewPoint Holdings JV LLC, which closed on July 1, contributed $9.3 million to distributable earnings and achieved a record $2.2 billion in originations in its first full quarter. NewPoint is expected to be accretive to GAAP earnings and book value per share in the first half of 2026, and to distributable earnings in the second half of 2026.
- FBRT originated $304 million in new loan commitments and funded $196 million in Q3 2025, while receiving $275 million in loan repayments. The core portfolio ended the quarter at $4.4 billion, with a target size of $5 billion to $5.5 billion.
- The company resumed share repurchases in Q4, buying back 540,000 shares for approximately $6 million through October 24, with $25.6 million remaining on the authorization.
- Following quarter-end, FBRT closed its 12th CRE CLO (FL12) on October 15, which is expected to add an incremental $0.05 to $0.07 per share of quarterly earnings once deployed, with benefits realized in early 2026.
Oct 30, 2025, 1:00 PM
FBRT announces Q3 2025 financial results
FBRT
Earnings
Dividends
Share Buyback
- FBRT reported GAAP Net Income of $17.6 million and $0.13 per fully converted share for Q3 2025.
- Distributable Earnings for Q3 2025 were $26.7 million, or $0.22 per fully converted share.
- The company declared a Q3 2025 cash dividend of $0.355 per share.
- Fully-converted book value per share was $14.29 as of September 30, 2025.
- FBRT had $522 million in liquidity and resumed share repurchases, buying back $6.0 million through October 24, 2025, with $25.6 million remaining under the program.
Oct 30, 2025, 1:00 PM
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2025 Results
FBRT
Earnings
Dividends
M&A
- Franklin BSP Realty Trust, Inc. reported GAAP net income of $17.6 million and diluted earnings per share (EPS) of $0.12 for the three months ended September 30, 2025, compared to $24.4 million net income and $0.19 diluted EPS for the prior quarter.
- Distributable Earnings for Q3 2025 were $26.7 million, or $0.22 per diluted common share.
- As of September 30, 2025, the company's book value was $14.29 per diluted common share.
- FBRT declared a common stock cash dividend of $0.355 for the third quarter of 2025.
- During Q3 2025, the company closed $304.2 million of new loan commitments and originated $2.2 billion of new loan commitments in its agency segment. On July 1, 2025, FBRT acquired NewPoint Holdings JV LLC, and subsequent to quarter-end, on October 15, 2025, closed an approximately $1.1 billion commercial real estate mortgage securitization transaction.
Oct 29, 2025, 9:03 PM
Franklin BSP Realty Trust, Inc. Establishes Indenture for Issuance of Over $1 Billion in Secured Notes
FBRT
Debt Issuance
New Projects/Investments
- Franklin BSP Realty Trust, Inc. filed an 8-K on October 17, 2025, reporting an event on October 15, 2025, concerning the establishment of an Indenture.
- The Indenture facilitates the issuance of ten classes of notes, comprising secured floating rate notes and income notes, all with a due date in 2043.
- The total original principal amount of these notes is $1,075,351,911.
- These notes are collateralized by 42 "Closing Date Collateral Interests" and 2 "Delayed Close Collateral Interests".
Oct 17, 2025, 8:16 PM
Franklin BSP Realty Trust Completes Acquisition of NewPoint Holdings JV LLC
FBRT
M&A
New Projects/Investments
- Franklin BSP Realty Trust (FBRT) closed its acquisition of NewPoint Holdings JV LLC on July 1.
- The acquisition adds a scaled agency origination and servicing platform, transforming FBRT into a "cradle-to-grave" provider of debt capital for the multifamily sector.
- NewPoint's business is capital-light, being 100% financed by warehouse lines, and is expected to enhance FBRT's income stability and drive long-term book value per share growth through Mortgage Servicing Rights (MSRs).
- Cross-selling opportunities are already being realized, with examples of joint product offerings to clients.
- Full integration and realization of synergies are anticipated to take a few quarters through early next year.
Sep 15, 2025, 3:00 PM
Quarterly earnings call transcripts for Franklin BSP Realty Trust.
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