Statistics
The Franklin BSP Realty Trust stock price is currently $ 16.96 with a total market cap valuation of $ 1.40B (82.27M shares outstanding). The Franklin BSP Realty Trust is trading on NYSE under the ticker sign FBRT-PE. Franklin BSP Realty Trust price is up
Description
Franklin BSP Realty Trust, Inc. functions as a real estate finance enterprise, primarily focused on originating, acquiring, and managing a varied portfolio of commercial real estate debt, predominantly secured by assets within the United States. The company also extends its activities to include initiating conduit loans and making strategic investments in commercial real estate securities. Furthermore, its asset base includes real estate procured through foreclosure proceedings, deeds in lieu of foreclosure, and properties purchased directly for investment. Its extensive range of commercial real estate debt investments encompasses first mortgage loans, mezzanine loans, bridge loans, and various other related financing instruments. As a Real Estate Investment Trust (REIT) for federal income tax purposes, the company typically avoids federal corporate income taxation, provided it distributes at least 90% of its taxable income to its shareholders. Established in 2012 and headquartered in New York, New York, the entity was formerly recognized as Benefit Street Partners Realty Trust, Inc.
Company Profile
- Full Name: Franklin BSP Realty Trust
- Sector: Real Estate
- Website: https://www.fbrtreit.com
