Franklin BSP Realty Trust, Inc.

Frequently Asked Questions About FBRT

What does FBRT invest in?

Franklin BSP Realty Trust, Inc. functions as a real estate finance firm, primarily engaged in the creation, acquisition, and management of a varied portfolio of commercial real estate debt, secured by properties located across the United States. Its operations also include originating conduit loans and investing in commercial real estate securities. Additionally, the company owns real estate assets obtained via foreclosure, deed-in-lieu transactions, or direct purchase for investment. Its investment scope within commercial real estate debt encompasses first mortgage loans, mezzanine loans, bridge loans, and other related credit instruments. The company holds the qualification of a Real Estate Investment Trust (REIT) for federal tax purposes, which typically allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable income to its stockholders. Incorporated in 2012 and headquartered in New York, New York, the company was previously known as Benefit Street Partners Realty Trust, Inc.

What is the expense ratio of FBRT?

An expense ratio for Franklin BSP Realty Trust, Inc. (FBRT) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is FBRT?

Franklin BSP Realty Trust, Inc. (FBRT) manages $641.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FBRT actively managed or an index fund?

FBRT's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FBRT launched?

Franklin BSP Realty Trust, Inc. (FBRT) launched in October 2021 and is managed by Franklin Templeton.

How has FBRT performed?

FBRT's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.