Franklin BSP Realty Trust, Inc. (NYSE: FBRT)

This lawsuit is for anyone who acquired securities in Franklin BSP Realty Trust, Inc. (NYSE: FBRT) from November 5, 2024 through February 11, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by overstating the Company’s prospects and its ability to maintain a $0.355 dividend.

On February 11, 2026, FBRT released its fourth quarter and full year 2025 financial results, revealing, among other things, quarterly GAAP net income of $18.4 million, a significant decline from $30.2 million in the same quarter the prior year, and quarterly earnings per share of $0.13, a significant decline from $0.29 in the same quarter the prior year. The Company further disclosed that “it has taken longer to resolve and sell the real estate than [it] originally planned. This has led to over-distributing capital to investors.” Thus, “[i]n order to stabilize [its] book value” the Company had “reset the quarterly dividend.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Franklin BSP Realty Trust, Inc. (NYSE: FBRT) from November 5, 2024 through February 11, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.