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Date | Price Target | Rating | Analyst |
---|---|---|---|
12/12/2024 | $16.00 | Buy | Janney |
7/19/2024 | $16.00 | Buy | BTIG Research |
4/12/2024 | $15.00 | Outperform → Strong Buy | Raymond James |
1/10/2024 | $15.00 | Mkt Perform → Mkt Outperform | JMP Securities |
4/25/2023 | $13.50 | Buy | BTIG Research |
4/4/2023 | $13.50 | Outperform | Raymond James |
9/28/2022 | $16.00 | Buy | B. Riley Securities |
8/18/2022 | Mkt Outperform → Mkt Perform | JMP Securities |
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
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 stoc
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 milli