Franklin BSP Realty Trust Inc 2024年度报告

(Mark One) ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGE ACTOF1934 ForUtefiscal year ended December31,2024 OR 0TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 For the transition period from____to____Commission file number:001-40923 (Exact nameofregistrant as specified in its charter) Indicatebycheck mark if the registrant is a well-known seasoned issuer, as defined in Rule405ofthe SecuritiesActYes!iSJ No0 Indicatebycheckmark if the registrant isnotrequiredtofile reports pursuant toSection13orSection15(d)oftheAct Yes0No!iSJ Indicatebycheck mark whethertheregistrant(I)hasfiled all reports requiredtobefiledbySection13orI5(d)ofthe Securities ExchangeActof1934 during the preceding 12monilis(orfor suchshorter period that the registrant was requiredtofile suchreports), and (2) hasbeensubject to such filing requirements for the past90days.!iSJYcs0 No Indicatebycheckmark whethertheregistrant submitted electronically every Interactive Data File required tobesubmitted pursuanttoRule405ofRegulationS-T(§232.405ofthis chapter) during the preceding 12months (orfor such shorterperiodthat theregi strant was requiredtosubmit such files).!iSJYes0 No Indicatebycheck markwhetlterthe registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompanyoremerging growth company.Seethe definitionsof"largeaccelerated{i)cr,""acceleratedftlcr,""smaller reporting company",and"emerging growthcompany"inR ule 12b-2ofthe ExchangeAct. lfanemerging growth company, indicatebycheckmarkifthe registrant haselected not to use the extended transition period for complyingwith any newor revised financial accounting standards provided pursuant toSection13(a)ofthe Exchange Act.0 Indicatebycheckmark whethertheregistrant has filed a reportonandattestation to its management's assessmentoftheeffectivenessof:itsinternalcontrolover financial reporting underSection404(b)oftheSarbanes-OxleyAct(15U.S.C _7262(b))byUteregistered publicaccounting firmthatpreparedorissueditsaudit report.!iSJ If securitiesareregistered pursuanttoSection12(b)ofthe Act, indicatebycheckmark whether the financial statementsofthe registrantincluded inthefiling ref1ect the correctionofan errortopreviously issuedfinancial statements.0 Indicatebycheck mark whetheranyofthose error corrections are restatements that required arecovery analysisofincentive-basedcompensation receivedbyanyoftheregistrant's executive officers during the relevant recovery period pursuant to§240.1OD-1(b).0 Indicate by checkmarkwhether the registrant is a shell company (as defined in Rule 12b-2ofthe Exchange Act).0 Yes[8]No The aggregate market valueofthe voting and non-votingcommonequity (not including sharesofcommon stock underlying outstandingsharesofconvertible preferred stock) held bynon-affiliatesas ofJune30,2024was $994.4million.SeePartD,Item5,"MarketforRegistrant's Common Equity, Related Stockholder Matters and Issuer PurchasesofEquitySecurities." Thenumberofoutstanding sharesofthe registrant's common stockasofFebmary19,2025was 82,214,630 shares. Portionsofthe definitive proxy statementtobe filed by FranklinBSPRealty Trust, Inc. with the Securities and ExchangeCommissionpursuanttoRegulation14Arelatingto!he registrant's Annual MeetingofStockholderstobeheld on May 28,2025wniibeincorporated byreferenceinth:isForm10-KinresponsetoItems10,11,12,13and14ofPartlli. The definitive proxy statementwill be filed with theSECnot laterthan120days aftertheregistrant'sfiscalyear ended December31, 2024. FRANKLINBSPREALTYTRUST,INC. FORM10-KYearEndedDecember31,2024 ItemI.ItemlA.Item lB.ItemIC.Item2.Item3.Item4.BusinessRisk FactorsUnresolvedStaffCommentsCybersecuritvPropertiesLegalProceedingsMineSafetvDisclosure Item6.Item 7.Item 7A.Item8.Item 9.Item 9A.Item 9B.Item 9C.Market for Registrant's CommonEquity.Related Stockholder Matters and IssuerPurchasesofEquitySecurities[Reserved)Management's Discussion and AnalysisofFinancial Condition and ResultsofOperationsQuantitativeandQualitative Disclosures about Market RiskFinancial Statements andSupplementaryDataChanges in and Disagreements With Accountants on Accounting and Financial DisclosureControls andProceduresOtherInformationDisclosure Regarding Foreign Jurisdictions thatPreventInspections Item10.Item11.Item 12.Item13.Item14.Directors. ExecutiveOfficersand Corporate GovernanceExecutive CompensationSecurityOwnershipofCertain BenelicialOwnersand Management and Related StockholderMattersCertain Relationships and Related Transactions and Director IndependencePrincipalAccounting Fees andServices Item15.Exhibits and Financial StatementSchedulesIndex to ExhibitsItem16.Fonn10-KSummarvSignatures Fon vard-LookingStatements Certain statements included in this Annual Report on Form10-Kare forward-looking statements. Those statements includestatements regarding the intent, belieforcurrent expectationsofFranklinBSPRealtyTmst,Inc. ("we," "our,""us,"orthe"Company") and membersofourman