{"schema_version":"secwatch.filing_event.v1","accession":"0001562528-26-000003","form_type":"8-K","ticker":"FBRT","cik":"0001562528","company_name":"Franklin BSP Realty Trust, Inc.","filed_at":"2026-02-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.444661+00:00","generated_at":"2026-05-16T03:18:27.698583+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FBRT Q4 GAAP EPS $0.13, cuts quarterly dividend to $0.20 from $0.355","bullets":["GAAP net income $18.4M (Q4), $84.1M (FY); diluted EPS $0.13 and $0.64 vs $0.29 and $0.82 YoY.","Distributable earnings (non-GAAP) $17.9M/$0.12 per share (Q4); $67.3M/$0.49 (FY), down from $31.2M/$0.30 and $100.7M/$0.92.","Board reset quarterly common dividend to $0.20, down from $0.355; Q1 2026 dividend declared at $0.20.","Book value $14.15 per diluted common share on fully converted basis; repurchased 1.37M shares at $10.48.","Closed $528.3M new loan commitments; acquired NewPoint in July 2025 (originated $5.5B agency loans)."],"urls":{"canonical":"https://secwatch.observer/filing/0001562528-26-000003","json":"https://secwatch.observer/filing/0001562528-26-000003.json","markdown":"https://secwatch.observer/filing/0001562528-26-000003.md","text":"https://secwatch.observer/filing/0001562528-26-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1562528/000156252826000003/0001562528-26-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1562528/000156252826000003/fbrt-20260211.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T03:18:27.698583+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}