Associated tags: Franklin Templeton Investments, Commercial Building & Real Estate, Construction & Property, REIT, Finance, Professional Services, NYSE, Banking, Domestic, International, Webcast, Online shopping
Locations: SILVER STAR, UNITED STATES, NORTH AMERICA, NEVADA, NEW YORK, ARIZONA, TEXAS
Commercial Building & Real Estate,
Construction & Property,
REIT,
CLO,
International,
Common,
Acceleration,
Risk,
Depreciation,
Domestic,
Webcast,
Growth,
Disclosure,
CECL,
Wild Arms,
EPS,
Lisp (programming language),
Share repurchase,
Bank statement,
GAAP,
Bank Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2024.
Key Points:
- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2024.
- The Company's core portfolio at the end of the quarter consisted of 145 loans with an aggregate principal balance of approximately $5.2 billion.
- As of March 31, 2024, the Company had six loans on its watch list, all of which are risk rated a four.
- The Company published a supplemental earnings presentation for the quarter ended March 31, 2024 on its website to provide additional disclosure and financial information.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“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.
Key Points:
- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“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.
- The 1.1 million square foot industrial portfolio is 94.9% leased with properties located throughout Dallas, Las Vegas, and Phoenix/Mesa/Scottsdale MSAs.
- FBRT’s loan has a two-year initial term and two one-year extension options, subject to the borrower meeting certain requirements.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“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.
Key Points:
- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“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.
- 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.
Professional Services,
Commercial Building & Real Estate,
Finance,
Construction & Property,
Asset Management,
REIT,
Silver,
Commercial property,
BSP,
RMWC,
City,
CRE,
Creativity,
Real estate (“BSP” or the “Company”) today announced the closing of a $120 million floating-rate senior loan to Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio.
Key Points:
- (“BSP” or the “Company”) today announced the closing of a $120 million floating-rate senior loan to Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio.
- Silver Star expects to sell all current assets within their portfolio and subsequently acquire self-storage properties and transition to a self-storage REIT.
- RMWC, a boutique private lender, provided a co-terminus second mortgage loan for $15 million at closing, for a combined loan of $135 million.
- An inventory loan on office, retail, and industrial assets in three different cities is not something many lenders are capable of handling.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a first quarter 2024 dividend of $0.355 per common share.
Key Points:
- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“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.
- FBRT’s Board of Directors also declared a first quarter 2024 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE).
Retrieved on:
Wednesday, February 14, 2024
Commercial Building & Real Estate,
Construction & Property,
REIT,
Acquisition,
Domestic,
International,
Wild Arms,
Vii,
Total,
Share repurchase,
CECL,
Sale,
Disclosure,
CLO,
GAAP,
Webcast,
Lisp (programming language),
Acceleration,
REO,
EPS,
Bank statement,
Depreciation,
Bank Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter and full year ended December 31, 2023.
Key Points:
- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter and full year ended December 31, 2023.
- For the year, FBRT delivered a 12.1% distributable earnings return on common equity, reflecting the stability of our multifamily-focused portfolio.
- The Company's core portfolio at the end of the quarter consisted of 144 loans with an aggregate principal balance of approximately $5.0 billion.
- Allowance for credit losses: During the quarter, the Company recognized an incremental provision for credit losses of approximately $5.4 million.
Retrieved on:
Wednesday, January 10, 2024
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“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.
Key Points:
- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“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.
- 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.
Retrieved on:
Monday, December 18, 2023
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a fourth quarter 2023 dividend of $0.355 per common share.
Key Points:
- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“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.
- FBRT’s Board of Directors also declared a fourth quarter 2023 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE).
Retrieved on:
Wednesday, December 13, 2023
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) announced today that it will participate in the Raymond James Non-Bank Lenders Symposium on Thursday, January 4, 2024.
Key Points:
- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“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.
- For any questions regarding the conference, please contact Lindsey Crabbe, Director of Investor Relations, at [email protected] or via phone (214) 874-2339.
Professional Services,
Commercial Building & Real Estate,
Finance,
Construction & Property,
REIT,
Banking,
Sale,
Vii,
NYSE,
International,
CRE,
Wild Arms,
Share repurchase,
Disclosure,
GAAP,
ROE,
CLO,
Bank statement,
Realization,
Lisp (programming language),
Risk,
Webcast,
CECL,
Depreciation,
Domestic,
Total,
Acceleration,
Cryptocurrency,
Security (finance),
Real estate,
Bank,
Online shopping Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2023.
Key Points:
- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2023.
- FBRT received loan repayments of $290 million for a net decrease in our loan portfolio of $92 million in the quarter.
- Additionally, subsequent to September 30, 2023, the Company closed $138 million of new loan commitments which consisted of four loans.
- Conduit: For the quarter ended September 30, 2023, the Company closed a $17 million fixed rate loan that will be sold through FBRT's conduit program.
