---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-061452"
form_type: "8-K"
ticker: "FBRT"
cik: "0001562528"
company_name: "Franklin BSP Realty Trust, Inc."
filed_at: "2022-05-16T23:59:59+00:00"
generated_at: "2026-06-25T14:47:39.709769+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Franklin BSP Realty Trust cuts ARM Agency Securities portfolio to $336M from $1.9B; reports $10.3M losses

## Summary
- ARM Agency Securities portfolio fell to $336M as of May 16, 2022, from $1.9B as of March 31, 2022.
- Net losses of $10.3M from April 1 to May 16, 2022: $18.0M in net trading losses offset by $7.7M in derivative gains.
- Company intends to reinvest proceeds into other segments and generally discontinue investing in ARM Agency Securities and residential MBS.
- Reduction consistent with prior disclosure in Form 10-Q filed May 4, 2022, detailing the shift in strategy.

## SEC filing metadata
- accession: 0001104659-22-061452
- form_type: 8-K
- ticker: FBRT
- cik: 0001562528
- company_name: Franklin BSP Realty Trust, Inc.
- filed_at: 2022-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562528/000110465922061452/0001104659-22-061452-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562528/000110465922061452/tm2215743d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-061452
- JSON: https://secwatch.observer/filing/0001104659-22-061452.json
- Plain text: https://secwatch.observer/filing/0001104659-22-061452.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.