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01.07.25 - 22:33
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Franklin BSP Realty Trust, Inc. Announces Closing of NewPoint Holdings JV L.L.C. Acquisition (Business Wire)
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Creating a Comprehensive One-Stop Solution, Enhancing Long-Term Stockholder ValueNEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of its previously announced acquisition of NewPoint Holdings JV L.L.C. (“NewPoint”) for a total consideration of $425 million. For additional details on the transaction, please refer to the press release issued by FBRT on March 10, 2025.
Richard Byrne, CEO of FBRT and Chairman of the FBRT Board of Directors, said, “This acquisition represents a transformational milestone for FBRT, strategically expanding our multifamily lending capabilities. The transaction is highly synergistic and positions FBRT to deliver long-term stockholder value through book value growth and enhanced earnings streams.”
Further commenting on the acquisition, Michael Comparato, President of FBRT, shared, “By adding agency lending capabilities onto our platform, we've taken a major step toward delivering a fully ...
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20.06.25 - 12:03
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Franklin BSP Realty Trust, Inc. Announces Issuance of Unsecured Senior Notes (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that through its operating partnership, FBRT OP LLC, it has successfully issued, in a private offering, $107 million aggregate principal amount of unsecured senior notes, consisting of $82 million of 8.25% unsecured senior notes due 2030 (the “Fixed Rate Notes”) and $25 million of floating rate unsecured senior notes due 2028, with an initial coupon of approximately 8.33% (the “Floating Rate Notes,” and together with the Fixed Rate Notes, the “Notes”). The Fixed Rate Notes will mature on April 25, 2030 and the Floating Rate Notes will mature on April 25, 2028.
The Company expects to use the net proceeds from the issuance of the Notes for general corporate purposes, which may include funding a portion of the purchase price for the recently announced acquisition of NewPoint Holdings JV LLC. There is no guarantee such acquisition will close, and the issuance of the Notes was n...
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11.06.25 - 12:03
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Franklin BSP Realty Trust, Inc. Announces Second Quarter 2025 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a second quarter 2025 dividend of $0.355 per common share. The dividend is payable on or about July 10, 2025 to common stockholders of record as of June 30, 2025. The Board of Directors also declared a second quarter 2025 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.
FBRT's Board of Directors also declared a second quarter 2025 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE). This dividend is payable on July 15, 2025 to Series E preferred stockholders of record as of June 30, 2025.
About Franklin BSP Realty Trust, Inc.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in th...
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19.05.25 - 17:48
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Franklin BSP Capital Corporation Announces Second Quarter 2025 Regular and Special Common Stock Distribution of $0.33 Per Share (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Franklin BSP Capital Corporation, Inc. (“FBCC” or the “Company”) announced its Board of Directors has declared a regular quarterly cash distribution of $0.29 per common share and a special cash distribution of $0.04 per common share, totaling together $0.33 per common share. The distribution is payable on or about May 14, 2025, to common stockholders of record as of May 6, 2025. The Board of Directors also declared a second quarter 2025 distribution on its convertible Series A Preferred Stock in an amount equal to the as-converted common distribution amount.
About Franklin BSP Capital Corporation
FBCC is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Its investment objective is to generate both current income and to a lesser extent long-term capital appreciation through debt and equity investments. FBCC is managed by F...
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28.04.25 - 22:21
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Franklin BSP Realty Trust, Inc. Announces First Quarter 2025 Results (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2025.
Reported GAAP net income of $23.7 million for the three months ended March 31, 2025, compared to $30.2 million for the three months ended December 31, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $0.20 for the three months ended March 31, 2025, compared to $0.29 for the three months ended December 31, 2024.
Reported Distributable Earnings (a non-GAAP financial measure) of $(6.2) million, or $(0.12) per diluted common share on a fully converted basis(1), for the three months ended March 31, 2025, compared to $31.2 million, or $0.30 per diluted common share on a fully converted basis(1), for the three months ended December 31, 2024, respectively.
First Quarter 2025 Summary
Core portfolio principal balance as of March 31, 2025 of $4.8 billion:
Portfolio consisted of 152 loans with an average l...
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07.04.25 - 22:33
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Franklin BSP Realty Trust, Inc. Schedules First Quarter 2025 Earnings Release and Conference Call (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its first quarter 2025 results on Monday, April 28, 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 Tuesday, April 29, 2025, at 9:00 a.m. ET.
All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10198253/fed0d82a37. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166 (Domestic) or (412) 317-5795 (International). Ask to join the Franklin BSP Realty Trust conference call. Participants should call in at least five minutes prior to the start of the call.
The call will also be accessible via live webcast at https://ccmediaframe.com?id=r746ANJ0. Please allo...
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17.03.25 - 11:03
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Franklin BSP Realty Trust, Inc. Announces First Quarter 2025 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors declared a first quarter 2025 dividend of $0.355 per common share. The dividend is payable on or about April 10, 2025, to common stockholders of record as of March 31, 2025. The Board of Directors also declared a first quarter 2025 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.
FBRT's Board of Directors also declared a first quarter 2025 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE). This dividend is payable on April 15, 2025, to Series E preferred stockholders of record as of March 31, 2025.
About Franklin BSP Realty Trust, Inc.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the...
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14.03.25 - 16:36
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Franklin BSP Capital Corporation Announces First Quarter 2025 Regular and Special Common Stock Distribution of $0.33 Per Share (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Franklin BSP Capital Corporation, Inc. (“FBCC” or the “Company”) announced its Board of Directors has declared a regular quarterly cash distribution of $0.29 per common share and a special cash distribution of $0.04 per common share, totaling together $0.33 per common share. The distribution is payable on or about March 17, 2025, to common stockholders of record as of March 10, 2025. The Board of Directors also declared a first quarter 2025 distribution on its convertible Series A Preferred Stock in an amount equal to the as-converted common distribution amount.
About Franklin BSP Capital Corporation
FBCC is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Its investment objective is to generate both current income and to a lesser extent long-term capital appreciation through debt and equity investments. FBCC is managed ...
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10.03.25 - 21:21
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Franklin BSP Realty Trust, Inc. Announces Acquisition of NewPoint Holdings JV LLC (Business Wire)
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Creating a Comprehensive One-Stop Client Solution, Enhancing Long-Term Stockholder Value
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”), a leading real estate investment trust, today announced that it has entered into a definitive agreement to acquire NewPoint Holdings JV LLC (“NewPoint”), a privately held commercial real estate finance company headquartered in Plano, Texas. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions, including regulatory approvals.
Richard Byrne, CEO of FBRT and Chairman of the FBRT Board of Directors, said, “We are pleased to announce our acquisition of NewPoint, which is a transformative transaction for FBRT. This strategic expansion of our multifamily lending offerings significantly increases our total addressable market in our highest conviction sector. We anticipate this transaction will enable FBRT to deliver long-term stockholder value and creates a clea...
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14.02.25 - 02:30
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Franklin BSP (FBRT) Q4 Earnings Lag Estimates (Zacks)
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Franklin BSP (FBRT) delivered earnings and revenue surprises of -11.76% and 13.54%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?...
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