News & Events zu Franklin BSP Realty Trust Inc (FBRT)FBRTFranklin BSP Realty Trust Inc

Reports Book Value of $14.26 per Share, Up 2 Cents Quarter-over-Quarter

Reports book value of $14.26 per diluted common share on a fully converted basis, an increase of 2c from the prior quarter. Reports adjusted fully converted book value per share of $15.13, an increase of 39c from the prior quarter.

Franklin BSP Realty Trust Appoints Richard Byrne as CEO

Franklin BSP Realty Trust announced that Richard Byrne, Chairman of the Board and the Company's former CEO, has been reappointed as CEO. Byrne succeeds Michael Comparato, who resigned on September 15 as part of his decision to step back from day-to-day executive responsibilities to spend more time with his family.. Byrne has remained closely involved with FBRT as Chairman of the Board and will be supported by the company's experienced senior leadership team. Jerry Baglien will continue to serve as FBRT's CFO and COO. He was also appointed Co-President of FBRT, alongside Brian Buffone, and will assume responsibility for leading BSP's Commercial Real Estate Debt platform. Comparato will transition to a Senior Advisor role at BSP through 2027.

FBRT CFO Says Share Repurchases Remain Attractive

"We believe share repurchases continue to represent an attractive use of capital at current trading levels," said Jerry Baglien, Chief Financial Officer and Chief Operating Officer of FBRT. "This reauthorization allows us to remain opportunistic while maintaining our disciplined approach to capital allocation."