Franklin BSP Realty Trust, Inc.
Franklin BSP Realty Trust, Inc. (ticker symbol not specified in cover page; website: www.fbrtreit.com) is a real estate finance company that has elected to be treated as a real estate investment trust for U.S. federal income tax purposes since 2013. The company is externally managed by Benefit Street Partners L.L.C.,… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Franklin BSP Realty Trust, Inc. does
In the company’s own words
Franklin BSP Realty Trust, Inc. (ticker symbol not specified in cover page; website: www.fbrtreit.com) is a real estate finance company that has elected to be treated as a real estate investment trust for U.S. federal income tax purposes since 2013. The company is externally managed by Benefit Street Partners L.L.C., a wholly-owned subsidiary of Franklin Resources, Inc. operating under the Franklin Templeton brand.
The company operates through two primary business units: Commercial Real Estate Financing and Agency Business. The Commercial Real Estate Financing unit originates, acquires, and asset manages commercial real estate debt investments including first mortgage loans, subordinated mortgage loans, mezzanine loans, and participations in such loans. This segment also invests in real estate securities such as commercial mortgage-backed securities, collateralized debt obligations, and other structured credit products. The unit originates conduit loans intended for securitization and owns real estate acquired through foreclosure or direct purchase.
The Agency Business unit, acquired through the purchase of NewPoint Holdings JV LLC on July 1, 2025, originates, sells, and services multifamily finance products under programs offered by government-sponsored enterprises including Fannie Mae and Freddie Mac, as well as government agencies such as Ginnie Mae and the Federal Housing Administration. The company retains servicing rights and asset management responsibilities on substantially all loans it originates and sells under these programs and also services external portfolios of commercial real estate financing products.
As of December 31, 2025, the company employed 223 people, all of whom are NewPoint employees. The company conducts substantially all of its business through FBRT OP LLC, a Delaware limited liability company, and held 91 percent of the common units of membership interests in the operating partnership as of year-end 2025. The company's investment strategy emphasizes conservative underwriting criteria focused on risk-adjusted returns, with consideration given to leverage points, debt service coverage, lease sustainability, collateral quality, borrower reputation, and clear exit strategies.
Company details
- Sector
- Financials
- Industry (SIC)
- REITs
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1562528
- SIC
- 6798
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Franklin BSP Realty Trust, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Franklin BSP Realty Trust, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Franklin BSP Realty Trust, Inc.’s bonds, as funds hold them
Funds report holding 2 issues of Franklin BSP Realty Trust, Inc.’s debt, $45.19M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 8.25%, maturing 2028 to 2030.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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