secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Realty Trust, Inc. (FBRT)
CIK:        0001562528
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001562528-26-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FBRT Q4 GAAP EPS $0.13, cuts quarterly dividend to $0.20 from $0.355
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562528/000156252826000003/0001562528-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562528/000156252826000003/fbrt-20260211.htm
  HTML page:      https://secwatch.observer/filing/0001562528-26-000003

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