Michael Comparato
On March 20, 2023, the board of directors (the “ Board ”) of Franklin BSP Realty Trust, Inc. (the “ Company ”) appointed Michael Comparato to succeed Richard J. Byrne as the Company’s President, effective immediately.
Highest-materiality recent filing
Filed 8-K with press release and supplemental presentation for quarter ended June 30, 2026.
Six directors re-elected with strong support; highest vote Joe Dumars (44.7M for), lowest Peter McDonough (41.1M for).
Franklin BSP Realty Trust Q1 2026 results announced; details not available in filing extract
Press release and supplemental presentation issued for quarter ended March 31, 2026.
FBRT closes $880.4M CRE securitization; sells $778.1M in notes
Issuer BSPRT 2026-FL13 closed $880.4M securitization backed by commercial/multifamily loans.
FBRT Q4 GAAP EPS $0.13, cuts quarterly dividend to $0.20 from $0.355
GAAP net income $18.4M (Q4), $84.1M (FY); diluted EPS $0.13 and $0.64 vs $0.29 and $0.82 YoY.
Franklin BSP Realty Trust appoints Michael Comparato as CEO; Brian Buffone as President
Michael Comparato, previously President, appointed CEO effective Feb 10, 2026; Richard Byrne resigns as CEO but remains Chairman.
Franklin BSP Realty Trust extends Series H Preferred mandatory conversion date to Jan 2028
Mandatory conversion date for Series H Convertible Preferred Stock extended from Jan 21, 2026 to Jan 21, 2028.
FBRT reports Q3 2025 results; specifics not extractable from filing text
Issued press release and supplemental presentation for quarter ended September 30, 2025.
Franklin BSP Realty Trust closes $1.076B CRE securitization, issues $947M notes
Subsidiary BSPRT 2025-FL12 Issuer issued nine classes of floating-rate notes, led by $608M Class A at SOFR+1.386%.
FBRT files pro forma financials for $427.9M NewPoint acquisition; combined net income down for 2024
Total purchase price $427.9M: $337M cash + 8.39M OP units at $10.84/share.
Franklin BSP Realty Trust files audited FY2024 financials for acquired NewPoint Holdings
NewPoint's total assets $503M and members' equity $315.8M as of Dec 31, 2024.
Franklin BSP Realty Trust reports Q2 2025 results; no details available in filing
Filed 8-K on July 30, 2025 announcing Q2 2025 financial results via press release and supplemental presentation.
Franklin BSP Realty Trust closes $425M acquisition of NewPoint multifamily lender
Total consideration of $425M: $318.75M cash plus 8,385,951 Class A Units of FBRT OP LLC.
FBRT OP LLC issues $107M in unsecured senior notes at 8.25% fixed and floating rate
Operating partnership FBRT OP LLC issued $107M aggregate principal of unsecured senior notes.
Amendment to eliminate supermajority voting failed; required 2/3 of outstanding shares but only 44.4M of ~58.5M eligible shares voted for.
Franklin BSP Realty Trust releases Q1 2025 results; full figures not available in excerpt
Press release and supplemental slide presentation filed as Exhibits 99.1 and 99.2.
Franklin BSP Realty Trust acquires NewPoint Holdings for $318.75M cash plus equity units
Cash consideration of $318.75M plus 8,385,951 Class A Units of Purchaser OP; expected close in Q3 2025.
Franklin BSP Realty Trust Q4/FY2024 results released; no financial figures in excerpt
Company announced financial results for quarter and year ended December 31, 2024.
Franklin BSP Realty Trust extends Series H conversion date to Jan 2026
Mandatory conversion of Series H Preferred Stock pushed from Jan 21, 2025 to Jan 21, 2026.
Franklin BSP Realty Trust extends ATM program with $200M capacity, no sales to date
Entered Amendment No. 1 to Sales Agreement extending ATM program in connection with new S-3 registration filed Nov 8, 2024.
FBRT Q3 2024 earnings release filed; results not included in excerpt
Company filed 8-K for Q3 2024 financial results on November 4, 2024.
Franklin BSP Realty Trust closes ~$1.024B CRE securitization, sells $886M notes
Closed $1.024B CRE securitization via subsidiary BSPRT 2024-FL11 Issuer on Sept 26, 2024.
FBRT reports Q2 2024 earnings; filing lacks specific financial figures
Press release and supplemental slide presentation for quarter ended June 30, 2024 were issued on July 31, 2024.
All seven director nominees elected with 42.7M to 44.8M votes for; broker non-votes of 11.7M on each.
Franklin BSP Realty Trust Q1 2024 earnings released; no details in filing text
Press release and supplemental presentation for Q1 2024 were issued on April 29, 2024.
Franklin BSP Realty Trust reports Q4 & full-year 2023 results; no specific figures in filing excerpt
Filed Form 8-K on Feb 14, 2024, announcing Q4 and FY 2023 financial results via press release and supplemental slide.
Franklin BSP Realty extends Series H preferred mandatory conversion to Jan 21, 2025
Mandatory conversion date pushed from Jan 19, 2024 to Jan 21, 2025 per holder request.
Franklin BSP Realty Trust registers 2.56M shares for resale by selling stockholder
Prospectus supplement filed on Dec 22, 2023 for up to 2,557,644 common shares.
Press release and supplemental presentation issued on October 30, 2023 for Q3 ended September 30, 2023.
Franklin BSP Realty Trust subsidiary closes ~$897M CRE mortgage securitization, selling $767M notes
Issued 9 classes of floating-rate notes secured by 10 CRE mortgage loans totalling ~$897M as of Sept 28, 2023.
Franklin BSP Realty Trust announces Q2 2023 results; financial details not visible in filing text
Filed 8-K with press release and supplemental presentation for quarter ended June 30, 2023.
Franklin BSP Realty Trust annual meeting: supermajority amendment fails, say-on-pay passes
Proposal to eliminate supermajority voting failed with 43.3M for, 620.7K against, not reaching two-thirds threshold.
Franklin BSP Realty Trust dismisses EY, engages PWC as auditor
EY dismissed as independent auditor effective May 31, 2023; PWC engaged for FY 2023 audit.
Franklin BSP Realty Trust reports Q1 2023 results; no financial details available
Q1 2023 financial results announced via press release and supplemental slide deck.
FBRT recovers full loan principal and ~$20M extra from Williamsburg Hotel sale for $96M
Sale of Williamsburg Hotel closed at $96M (cash + new debt) via bankruptcy court trustee.
Franklin BSP Realty Trust establishes $200M ATM program; no current intention to use
ATM program allows sale of up to $200M of common stock through multiple agents.
Franklin BSP Realty Trust appoints Michael Comparato as President; Byrne remains CEO
Michael Comparato appointed President on March 20, 2023, effective immediately.
Franklin BSP Realty Trust reports Q4 and FY2022 results; no specific figures in provided text
Company issued press release and supplemental presentation for Q4 and year ended Dec 31, 2022.
Franklin BSP extends Series H mandatory conversion to Jan 2024; Series I fully converted
Filed Amendment No. 1 to Series H Articles Supplementary extending mandatory conversion from Jan 19, 2023 to Jan 19, 2024.
Franklin BSP Realty Trust appoints Joe Dumars to Board of Directors
Board increased from 7 to 8 directors; appointment effective January 1, 2023.
Franklin BSP Realty Trust reports Q3 2022 results; no specific figures available in provided text
Company issued press release and supplemental presentation for Q3 2022 on November 9, 2022.
Exchanges 1,000 Series C Preferred for Series I; conversion extended to Jan 19, 2023
Entered exchange agreement with one holder to swap all 1,000 shares of Series C Convertible Preferred for equal number of Series I shares.
Franklin BSP Realty Trust reports $28.4M loan fraud loss; files lawsuit, obtains asset freeze
On July 26, 2022, subsidiary filed lawsuit in Dallas County, TX against borrower, sponsor, guarantors for fraud on $113.2M loan secured by 24 Walgreens properties.
Franklin BSP Realty Trust stockholders elect seven directors and ratify Ernst & Young as auditor
Stockholders elected all seven director nominees at the June 29, 2022 annual meeting; votes in favor ranged from 27,252,714 (Handwerker) to 33,629,312 (Keiser).
FBRT subsidiary closes $803M CRE securitization, issues $671M notes
Issuer BSPRT 2022-FL9 closed $803M CRE loan securitization, sold $671M notes in private placement.
Holder Security Benefit Life Insurance exchanged 17,949 Series D shares for equal number of newly issued Series H shares.
Franklin BSP Realty Trust amends bylaws to allow stockholders to amend bylaws by majority vote
Board amended and restated Bylaws on June 15, 2022 to permit stockholders to adopt, alter, or repeal any provision.
ARM Agency Securities portfolio fell to $336M as of May 16, 2022, from $1.9B as of March 31, 2022.
FBRT Q1 GAAP net loss $22.5M; Run-Rate Distributable Earnings $40.1M; ARM portfolio slashed to $1.9B
GAAP net loss $22.5M ($0.30 per fully converted share) vs $72.9M loss in Q4 2021.
Franklin BSP Realty Trust converts all Series F Preferred Stock into common shares
All 39,733,299 outstanding Series F Convertible Preferred shares auto-converted to common on April 19, 2022.
On March 20, 2023, the board of directors (the “ Board ”) of Franklin BSP Realty Trust, Inc. (the “ Company ”) appointed Michael Comparato to succeed Richard J. Byrne as the Company’s President, effective immediately.
increased the size of the Board from seven to eight directors and appointed Joe Dumars to the Board, effective January 1, 2023
On December 17, 2021, the board of directors of Franklin BSP Realty Trust, Inc. (the “ Company ”) appointed Jerome Baglien, the Company’s Chief Financial Officer and Treasurer, to also serve as the Company’s Chief Operating Officer, effective December 17, 2021.
Max materiality 0.85 · Median 0.50 · Most common event earnings