Franklin BSP Realty Trust, Inc. (FBRT) to Issue Quarterly Dividend of $0.20 on July 10th

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.20 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

Franklin BSP Realty Trust has decreased its dividend by an average of 0.0%annually over the last three years. Franklin BSP Realty Trust has a payout ratio of 58.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Franklin BSP Realty Trust to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 78.4%.

Franklin BSP Realty Trust Price Performance

FBRT opened at $8.22 on Friday. The business’s 50-day moving average is $8.70 and its two-hundred day moving average is $9.29. Franklin BSP Realty Trust has a 1 year low of $8.09 and a 1 year high of $11.84. The company has a debt-to-equity ratio of 3.74, a current ratio of 90.06 and a quick ratio of 90.06. The firm has a market capitalization of $633.00 million, a PE ratio of 16.13 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. The firm had revenue of $74.38 million for the quarter, compared to analysts’ expectations of $73.09 million. Research analysts anticipate that Franklin BSP Realty Trust will post 0.72 earnings per share for the current fiscal year.

About Franklin BSP Realty Trust

Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.

By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.