Franklin Bsp Realty Trust, Inc. Declares Dividend for the Second Quarter of 2023, Payable on July 10, 2023
June 20, 2023 at 11:00 am
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Franklin BSP Realty Trust, Inc. announced its Board of Directors has declared a second quarter 2023 dividend of $0.355 per common share. The dividend is payable on July 10, 2023 to common stockholders of record as of June 30, 2023.
Franklin BSP Realty Trust, Inc. is a real estate finance company. The Company primarily originates, acquires, and manages a diversified portfolio of commercial real estate debt investments secured by properties located within and outside the United States. Its investment objective is to provide its common shareholders attractive, risk-adjusted returns through a stable dividend and capital growth. It operates through four segments: the real estate debt business, the real estate securities business, the conduit business, and the real estate-owned business. The Company invests in commercial real estate debt investments, which include first mortgage loans, subordinated mortgage loans, mezzanine loans and participations in such loans. The Company also originates conduit loans that intend to sell through its taxable REIT subsidiary (TRS) into commercial mortgage-backed securities securitization transactions. The investment advisor of the Company is Benefit Street Partners L.L.C.