Oct 28, 4:28 PM ET
Franklin BSP Realty Trust reported a third-quarter 2026 GAAP net loss of $27.0 million, compared with net income of $17.6 million a year earlier. Distributable Earnings fell to $3.3 million from $26.7 million, and total income declined to $74.9 million from $89.5 million. Book value rose $0.02 to $14.26 per share, and the company declared a $0.20 common dividend.
- GAAP net loss of $27.0 million, or $(0.41) per diluted share, versus net income of $17.6 million, or $0.12 per diluted share, in Q3 2025
- Distributable Earnings of $3.3 million, or $(0.02) per diluted share on a fully converted basis, versus $26.7 million a year earlier
- Net provision for credit losses of $43.1 million; book value of $14.26 per diluted share, up $0.02 from the prior quarter
- Repurchased 7,433,748 shares for $60.5 million at an average price of $8.14; board extended the program to December 31, 2027
Read the filing on SEC.gov ↗
Sep 17, 8:43 AM ET
Franklin BSP Realty Trust's board reappointed Richard Byrne as Chief Executive Officer effective September 16, 2026, succeeding Michael Comparato, who resigned on September 15, 2026. The company said Comparato is stepping back from day-to-day executive responsibilities, and Byrne will also remain Chairman of the Board. For shareholders, this is a change in the company's top executive role at an externally managed real estate investment trust.
- Richard Byrne reappointed CEO effective September 16, 2026; he previously served as CEO from 2016 to February 2026 and continues as Chairman.
- Michael Comparato resigned as CEO on September 15, 2026, and will serve as an advisor to Benefit Street Partners L.L.C.; the press release describes a Senior Advisor role at BSP through 2027.
- Jerome S. Baglien, CFO and COO, was appointed Co-President alongside Brian Buffone and will lead BSP's Commercial Real Estate Debt platform.
Read the filing on SEC.gov ↗
Jul 29, 5:00 PM ET
Franklin BSP Realty Trust reported second quarter 2026 results for the period ended June 30, 2026. GAAP net income was $16.3 million, or $0.12 per diluted share, down from $24.4 million, or $0.19 per diluted share, a year earlier, while total income rose to $65.3 million from $49.3 million. Book value per fully converted share rose to $14.24, and the company repurchased $16.0 million of common stock.
- GAAP net income of $16.3 million, or $0.12 per diluted share, versus $24.4 million, or $0.19, in Q2 2025
- Distributable Earnings of $28.3 million, or $0.25 per fully converted share, versus $29.0 million, or $0.27, in Q2 2025
- Book value of $14.24 per fully converted share, up $0.06 from the prior quarter; repurchased 1,838,855 shares for $16.0 million
- Board reauthorized a $50.0 million share repurchase program through December 31, 2026, and declared a $0.20 quarterly common dividend
Read the filing on SEC.gov ↗
Apr 29, 4:26 PM ET
Franklin BSP Realty Trust reported first quarter 2026 results for the quarter ended March 31, 2026. GAAP net income fell from $23.7 million a year earlier to $12.3 million, while Distributable Earnings, a non-GAAP measure, moved from a $6.2 million loss to $13.5 million. The company declared a $0.20 dividend, reported book value of $14.18 per diluted share, and the board reauthorized a $50.0 million share repurchase program through December 31, 2026.
- GAAP net income was $12.3 million, or $0.07 per diluted share, versus $23.7 million, or $0.20 per share, in Q1 2025.
- Distributable Earnings were $13.5 million, or $0.09 per share fully converted, versus a loss of $6.2 million in Q1 2025.
- Repurchased 4,361,596 shares for $39.8 million at an average price of $9.13; book value was $14.18 per diluted share, up $0.03 from the prior quarter.
- After quarter-end, the board reauthorized $50.0 million for share repurchases through December 31, 2026; a $0.20 first quarter dividend was declared.
Read the filing on SEC.gov ↗
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