secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Realty Trust, Inc. (FBRT)
CIK:        0001562528
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001104659-22-055946
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FBRT Q1 GAAP net loss $22.5M; Run-Rate Distributable Earnings $40.1M; ARM portfolio slashed to $1.9B
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- GAAP net loss $22.5M ($0.30 per fully converted share) vs $72.9M loss in Q4 2021.
- Run-Rate Distributable Earnings $40.1M ($0.39 per share); dividend $0.355 per share.
- ARM portfolio reduced from $4.6B to $1.9B in Q1, further to $649M by May 3 (91% decline from Sept 2021).
- Core CRE portfolio grew to $4.6B with $603M in new commitments; one non-performing loan.
- Book value $16.50 per fully converted share; advisor bought 573k shares for $7.5M in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562528/000110465922055946/0001104659-22-055946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562528/000110465922055946/tm2214386d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-055946

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer