Franklin BSP Realty Trust, Inc. (FBRT) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
FBRT currently has 79.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.52% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 29, 2026 |
10-Q filing | 79.9M shares outstanding |
80M | 0 |
| Jan 21, 2026 |
8-K filing: Amendment No. 4 to Articles Supplementary for Series H Convertible Preferred Stock extends the mandatory conversion date to January 21, 2028, and allows the holder to convert up to 4,487 shares monthly. |
82M | 0 |
| Nov 05, 2025 |
10-Q filing | 82.2M shares outstanding |
82M | 0 |
| Jul 30, 2025 |
10-Q filing | 82.2M shares outstanding |
82M | 0 |
| Jul 01, 2025 |
8-K filing: Purchaser OP issued 8,385,951 Class A Units to Existing Equityholders in an unregistered sale under Section 4(a)(2) of the Securities Act of 1933. These units can be redeemed after 12 months for cash or common stock of the company. |
82M | 0 |
| Apr 28, 2025 |
10-Q filing | 82.1M shares outstanding |
82M | 0 |
| Mar 10, 2025 |
8-K filing: Franklin BSP Realty Trust, Inc., through its subsidiary FBRT OP LLC, will issue 8,385,951 Class A Units to the Existing Equityholders of NewPoint Holdings JV LLC as part of the purchase consideration for all of NewPoint's membership interests. |
82M | 0 |
| Feb 26, 2025 |
10-K filing | 81.8M shares outstanding |
82M | 0 |
| Jan 17, 2025 |
8-K filing: Franklin BSP Realty Trust, Inc. filed Amendment No. 3 to the Articles Supplementary for Series H Convertible Preferred Stock, extending the mandatory conversion date to January 21, 2026, and allowing the holder to convert up to 4,487 shares monthly through December 2025. |
82M | 0 |
| Nov 08, 2024 |
8-K filing: Franklin BSP Realty Trust, Inc. amended its Sales Agreement to extend the term for an at-the-market offering program of up to $200 million shares of common stock, but does not presently intend to utilize the ATM program given current market conditions. |
82M | 0 |
| Nov 04, 2024 |
10-Q filing | 81.8M shares outstanding |
82M | 0 |
| Jul 31, 2024 |
10-Q filing | 81.8M shares outstanding |
82M | 0 |
| Apr 29, 2024 |
10-Q filing | 82.0M shares outstanding |
82M | 0 |
| Feb 26, 2024 |
10-K filing | 82.3M shares outstanding |
82M | 0 |
| Jan 12, 2024 |
8-K filing: Franklin BSP Realty Trust, Inc. filed Amendment No. 2 to the Articles Supplementary relating to the Company's Series H Convertible Preferred Stock, extending the mandatory conversion date to January 21, 2025, and allowing the holder to convert up to 4,487 shares monthly through December 2024. |
82M | 0 |
| Dec 22, 2023 |
8-K filing: Franklin BSP Realty Trust, Inc. filed a prospectus supplement registering the sale of up to 2,557,644 shares of the Company's common stock by the selling stockholder. The Company will not receive any proceeds from the sale. |
82M | 0 |
| Oct 30, 2023 |
10-Q filing | 82.2M shares outstanding |
82M | 0 |
| Jul 31, 2023 |
10-Q filing | 82.3M shares outstanding |
82M | 0 |
| May 03, 2023 |
10-Q filing | 82.8M shares outstanding |
83M | 0 |
| Mar 16, 2023 |
10-K filing | 82.9M shares outstanding |
83M | 0 |
| Jan 20, 2023 |
8-K filing: On January 19, 2023, Amendment No. 1 to the Articles Supplementary for Series H Convertible Preferred Stock was filed, extending the mandatory conversion date to January 19, 2024, and all of the 1,000 outstanding shares of the Company's Series I Convertible Preferred Stock converted into 299.2 shares of common stock per share. |
84M | 0 |
| Nov 09, 2022 |
10-Q filing | 83.7M shares outstanding |
84M | 0 |
| Oct 14, 2022 |
8-K filing: Franklin BSP Realty Trust, Inc. exchanged 1,000 shares of Series C Convertible Preferred Stock for 1,000 shares of Series I Convertible Preferred Stock with similar terms, except for the extension of the mandatory conversion date from October 19, 2022, to January 19, 2023; on January 19, 2023, each share of Series I Preferred Stock shall convert into 299.2 shares of common stock. |
76M | 0 |
| Aug 03, 2022 |
10-Q filing | 75.8M shares outstanding |
76M | 0 |
| Jun 24, 2022 |
8-K filing: Franklin BSP Realty Trust, Inc. exchanged 17,949 shares of Series D Convertible Preferred Stock for an equal amount of newly issued shares of Series H Convertible Preferred Stock to accommodate the Holder's request to extend the mandatory conversion date. |
84M | 0 |
| May 04, 2022 |
10-Q filing | 83.7M shares outstanding |
84M | 0 |
| Apr 20, 2022 |
8-K filing: On April 19, 2022, 39,733,299 shares of Series F Convertible Preferred Stock of Franklin BSP Realty Trust, Inc. automatically converted on a one-for-one basis into an equal amount of shares of the Company's common stock. |
84M | 0 |
| Mar 02, 2022 |
RW filing: Franklin BSP Realty Trust, Inc. requests the withdrawal of their Registration Statement on Form S-11 (File No. 333-256266) because they no longer plan to consummate the offering described in the Registration Statement. |
43M | 0 |
| Feb 25, 2022 |
10-K filing | 43.4M shares outstanding |
43M | 0 |
| Nov 12, 2021 |
10-Q filing | 44.2M shares outstanding |
44M | 0 |
| Oct 21, 2021 |
8-K filing: FBRT filed Articles Supplementary designating 10,329,039 shares of preferred stock as Series E Preferred Stock and each outstanding share of Series A Preferred Stock converted into 299.2 shares of FBRT Common Stock, resulting in the issuance of 7,649,632 shares of FBRT Common Stock. |
4.4M | 0 |
| Oct 12, 2021 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 44,262,934 → 4,426,293 |
4.4M | 0 |
| Aug 12, 2021 |
10-Q filing | 44.3M shares outstanding |
44M | 0 |
| May 11, 2021 |
10-Q filing | 44.3M shares outstanding |
44M | 0 |
| Mar 19, 2021 |
8-K filing: Benefit Street Partners Realty Trust, Inc. sold 3,000 newly issued shares of Series D Preferred Stock to Security Benefit Life Insurance Company for $13,961,330.19. ($13.96M proceeds) |
44M | 0 |
| Mar 11, 2021 |
10-K filing | 44.4M shares outstanding |
44M | 0 |
| Nov 06, 2020 |
10-Q filing | 42.8M shares outstanding |
43M | 0 |
| Aug 14, 2020 |
10-Q filing | 41.2M shares outstanding |
41M | 0 |
| May 15, 2020 |
10-Q filing | 44.4M shares outstanding |
44M | 0 |
| Mar 17, 2020 |
10-K filing | 44.4M shares outstanding |
44M | 0 |