Headquartered in New York, NY Fiscal year ends December NYSE: FBRT fbrtreit.com
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a portfolio of commercial real estate debt secured by U.S. properties. As of September 30, 2026 it had approximately $6.0 billion of assets.
Its core portfolio holds $4.1 billion of principal across 175 loans:
- Mostly floating-rate senior bridge loans (99% senior, 92% floating).
- 83% collateralized by multifamily properties.
- Concentrated in Texas, Florida and North Carolina.
Other businesses include:
- A conduit business that originates and sells fixed-rate loans.
- A portfolio of foreclosure and investment real estate owned.
- Equity method investments.
- An Agency Business through its NewPoint subsidiary, which originates Fannie Mae, Freddie Mac and HUD loans and manages a $61.3 billion servicing portfolio. It generates gain-on-sale, MSR and servicing fee income.
FBRT finances itself mainly through CRE CLOs, warehouse lines and unsecured debt. It is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Templeton. Updated
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Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a portfolio of commercial real estate debt secured by U.S. properties. As of September 30, 2026 it had approximately $6.0 billion of assets.
The Wall Street consensus 12-month price target for FBRT is $9.67.
