Franklin BSP Realty Trust, Inc. (FBRT)
Franklin BSP Realty Trust, Inc. operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in New York City, NY, US. The stock last traded at $8.05, up 1.26% on the session, giving a market capitalisation of $668.5M. On trailing twelve-month figures it carries a trailing P/E of 17.82, a net margin of 11.5%. Its beta of 1.10 implies it has historically moved more than the broad market.
Franklin BSP Realty Trust, Inc. functions as a real estate finance firm, primarily engaged in the creation, acquisition, and management of a varied portfolio of commercial real estate debt, secured by properties located across the United States. Its operations also include originating conduit loans and investing in commercial real estate securities. Additionally, the company owns real estate assets obtained via foreclosure, deed-in-lieu transactions, or direct purchase for investment. Its investment scope within commercial real estate debt encompasses first mortgage loans, mezzanine loans, bridge loans, and other related credit instruments. The company holds the qualification of a Real Estate Investment Trust (REIT) for federal tax purposes, which typically allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable income to its stockholders. Incorporated in 2012 and headquartered in New York, New York, the company was previously known as Benefit Street Partners Realty Trust, Inc.
Franklin BSP Realty Trust, Inc. is most often compared with the following Real Estate names: