Company Name: Franklin BSP Realty Trust, Inc.

Stock Symbol: FBRT

Industry: Mortgage Real Estate Investment Trust (REIT)

Sector: Real Estate

Employees: Approximately 150

Fly High Status: Not in the Portfolio 

Recent Sentiment (last update 11/30/24):

Franklin BSP Realty Trust, Inc. focuses on commercial mortgage loans and the company’s affiliation with Benefit Street Partners was offering a competitive advantage in sourcing and managing investments, despite this FBRT recently reported a 2024 Q3 loss and their forward Revenue Estimates are not in line with expectations.

The company reported a shift in distributable earnings, moving from 32.4 million in the second quarter to a 4.0 million loss in the third. To help with a broader restructuring strategy they sold 16 retail properties within the Walgreens Portfolio and while we see this will improve liquidity while they focus more on strategic loan underwriting and portfolio management with potentially long-term gains, we approach the current outlook with measured caution. With this in mind, FBRT is not currently in the Fly High Investing portfolio.

Company Summary:

Franklin BSP Realty Trust, Inc. (FBRT) is a publicly traded Real Estate Investment Trust (REIT) that primarily focuses on originating, acquiring, and managing a diversified portfolio of commercial real estate debt investments. The company's objective is to generate attractive risk-adjusted returns for its shareholders through regular dividends and capital appreciation.

FBRT's investment portfolio consists of commercial mortgage loans, including first mortgage loans, subordinate loans, mezzanine loans, and preferred equity. The company targets high-quality real estate assets across various property types, including office, retail, industrial, and multifamily, located in primary and secondary markets throughout the United States.

The company is externally managed by Benefit Street Partners LLC, a leading alternative asset management firm with deep expertise in credit investing. FBRT leverages the manager’s extensive network, rigorous underwriting standards, and active portfolio management to identify and capitalize on attractive investment opportunities.

URLs:

Franklin BSP Realty Trust, Inc. Website

Summary:

Franklin BSP Realty Trust, Inc. operates as a mortgage REIT focusing on commercial real estate debt investments.

Reminder: past performance is not indicative of how an investment will perform in the future, before making any investment decisions based on this information, and/or the information contained on the website, refer to the TERMS OF SERVICES.

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