Franklin BSP Realty Trust, Inc. (FBRT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 29, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0.52% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
80M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

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

Outstanding Shares
Total Supply

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
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