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Franklin BSP Realty Trust, Inc. (FBRT) Q1 2025 Earnings Call Transcript

April 29, 2025
in Market & News
Reading Time: 2 mins read
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Franklin BSP Realty Trust, Inc. (FBRT) Q1 2025 Earnings Call Transcript
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Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET

Company Participants

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Lindsey Crabbe – Investor Relations
Richard Byrne – CEO and Chairman
Jerome Baglien – Chief Financial Officer and Chief Operating Officer
Michael Comparato – President

Conference Call Participants

Matthew Erdner – Jones
Randy Binner – B. Riley Securities
Tom Catherwood – BTIG
Steve Delaney – Citizens JMP Securities
Jason Stewart – Janney Montgomery Scott

Operator

Good day, and welcome to Franklin BSP Realty Trust First Quarter 2025 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] This event is being recorded.

I would now like to turn the conference over to Lindsey Crabbe, Head of Investor Relations. Please go ahead.

Lindsey Crabbe

Good morning. Thank you for hosting our call today, and welcome to the FBRT first quarter earnings conference call. As the operator mentioned, I’m Lindsey Crabbe. With me on the call today are Rich Byrne, Chairman and CEO of FBRT; Jerry Baglien, Chief Financial Officer and Chief Operating Officer of FBRT; and Mike Comparato, President of FBRT.

Before we begin, I want to mention that some of today’s comments are forward-looking statements and are based on certain assumptions. Those comments and assumptions are subject to inherent risks and uncertainties as described in our most recently filed SEC periodic reports and actual future results may differ materially. The information conveyed on this call is current only as of the date of this call, April 29, 2025. The company assumes no obligation to update any statements made during this call, including any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Additionally, we will refer to certain non-GAAP financial measures, which are reconciled to GAAP figures in our earnings release and

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