Franklin BSP Realty Trust Inc
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 26, 2024
FBRT$6.36-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders' Equity
(In thousands, except share data)
| Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Income/(Loss) · Accumulated Deficit · Preferred E · Preferred F · Total Stockholders' Equity · Non-Controlling Interest · Total Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Number of Shares · Par Value | ||||||||||
| Balance, December 31, 2020 | 44,510,051 | $446 | $912,725 | $(8,256) | $(106,471) | $— | $— | $798,444 | $— | $798,444 |
| Issuance of preferred stock | — | — | — | — | — | 258,742 | 710,431 | 969,173 | — | 969,173 |
| Issuance of common stock | 31,887,442 | 319 | 579,207 | — | — | — | — | 579,526 | — | 579,526 |
| Common stock repurchases | (648,837) | (6) | (11,411) | — | — | — | — | (11,417) | — | (11,417) |
| Common stock issued through distribution reinvestment plan | 289,755 | 3 | 5,107 | — | — | — | — | 5,110 | — | 5,110 |
| Share-based compensation | 11,184 | — | 211 | — | — | — | — | 211 | — | 211 |
| Common stock exchanged for Series F Preferred Stock | (39,733,299) | (397) | (710,034) | — | — | — | — | (710,431) | — | (710,431) |
| Series A Preferred stock converted into common stock | 7,649,632 | 76 | 127,527 | — | — | — | — | 127,603 | — | 127,603 |
| Offering costs | — | — | (68) | — | — | — | — | (68) | — | (68) |
| Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. | — | — | — | — | 25,702 | — | — | 25,702 | — | 25,702 |
| Distributions declared | — | — | — | — | (86,410) | — | — | (86,410) | — | (86,410) |
| Other comprehensive income/(loss) | — | — | — | 8,194 | — | — | — | 8,194 | — | 8,194 |
| Contributions/(distributions) in non-controlling interest, net | — | — | — | — | — | — | — | — | 5,764 | 5,764 |
| Balance, December 31, 2021 | 43,965,928 | $441 | $903,264 | $(62) | $(167,179) | $258,742 | $710,431 | $1,705,637 | $5,764 | $1,711,401 |
| Common stock repurchases | (1,416,369) | (14) | (16,565) | — | — | — | — | (16,579) | — | (16,579) |
| Common stock issued through distribution reinvestment plan | 73,501 | 1 | 999 | — | — | — | — | 1,000 | — | 1,000 |
| Share-based compensation | 516,887 | — | 2,519 | — | — | — | — | 2,519 | — | 2,519 |
| Offering costs | — | — | — | — | (91) | — | — | (91) | — | (91) |
| Series F Preferred stock converted into common stock | 39,733,299 | 397 | 710,034 | — | — | — | (710,431) | — | — | — |
| Series C Preferred stock converted into common stock | 119,538 | 1 | 1,996 | — | — | — | — | 1,997 | — | 1,997 |
| Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. | — | — | — | — | 14,431 | — | — | 14,431 | — | 14,431 |
| Net (income)/loss attributable to non-controlling interest | — | — | — | — | — | — | — | — | 216 | 216 |
| Distributions declared | — | — | — | — | (146,386) | — | — | (146,386) | — | (146,386) |
| Other comprehensive income/(loss) | — | — | — | 452 | — | — | — | 452 | — | 452 |
| Contributions/(distributions) in non-controlling interest, net | — | — | — | — | — | — | — | — | 9,428 | 9,428 |
| Balance, December 31, 2022 | 82,992,784 | $826 | $1,602,247 | $390 | $(299,225) | $258,742 | $— | $1,562,980 | $15,408 | $1,578,388 |
| Common stock repurchases | (1,026,105) | (10) | (12,495) | — | — | — | — | (12,505) | — | (12,505) |
| Common stock issued through distribution reinvestment plan | 61,866 | 1 | 768 | — | — | — | — | 769 | — | 769 |
| Share-based compensation | 481,189 | — | 4,761 | — | — | — | — | 4,761 | — | 4,761 |
| Shares canceled for tax withholding on vested equity rewards | (57,021) | — | (812) | — | — | — | — | (812) | — | (812) |
| Series I Preferred stock converted into common stock | 299,200 | 3 | 4,997 | — | — | — | — | 5,000 | — | 5,000 |
| Offering costs | — | — | (269) | — | — | — | — | (269) | — | (269) |
| Net income/(loss) attributable to Franklin BSP Realty Trust, Inc. | — | — | — | — | 145,215 | — | — | 145,215 | — | 145,215 |
| Net income/(loss) attributable to non-controlling interest | — | — | — | — | — | — | — | — | (706) | (706) |
| Distributions declared | — | — | — | — | (144,932) | — | — | (144,932) | — | (144,932) |
| Other comprehensive income/(loss) | — | — | — | (1,093) | — | — | — | (1,093) | — | (1,093) |
| Contributions/(distributions) in non-controlling interest, net | — | — | — | — | — | — | — | — | 12,393 | 12,393 |
| Balance, December 31, 2023 | 82,751,913 | $820 | $1,599,197 | $(703) | $(298,942) | $258,742 | $— | $1,559,114 | $27,095 | $1,586,209 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.