{"success":true,"data":{"pressRelease":{"id":"5159","rtpr_id":"nBw2fsYt6a","ticker":"FBRT","exchange":"NYSE","all_tickers":["FBRT"],"title":"Deadline Soon: Franklin BSP Realty Trust, Inc. (FBRT) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit","author":"Business Wire","published_at":"2026-04-22T16:00:00.087Z","article_body":"Deadline Soon: Franklin BSP Realty Trust, Inc. (FBRT) Shareholders Who Lost\nMoney Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud\nLawsuit\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=d60d6d6a413a459b3da0bacd2cb8e67c)\nreminds investors of the upcoming April 27, 2026 deadline to participate as a\nlead plaintiff in the securities fraud class action lawsuit filed on behalf of\ninvestors who acquired Franklin BSP Realty Trust, Inc. (“FBRT” or the\n“Company”) (NYSE: FBRT\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Ffbrt&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=FBRT&index=2&md5=114a40a4309d56ced907a26ac1b4dfa2)\n) securities between November 5, 2024 and February 11, 2026, inclusive (the\n“Class Period”).\n\nIF YOU ARE AN INVESTOR WHO LOST MONEY ON FRANKLIN BSP REALTY TRUST, INC.\n(FBRT), CLICK HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Ffranklin-bsp-realty-trust-inc%2F&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=HERE&index=3&md5=1aec115c373030022ac5490e5b53ea8b)\nTO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.\n\nWhat Happened?\n\nOn February 11, 2026, FBRT released its fourth quarter and full year 2025\nfinancial results, revealing, among other things, quarterly GAAP net income of\n$18.4 million, a significant decline from $30.2 million in the same quarter\nthe prior year, and quarterly earnings per share of $0.13, a significant\ndecline from $0.29 in the same quarter the prior year.\n\nThe Company further disclosed that “it has taken longer to resolve and sell\nthe real estate than [it] originally planned. This has led to\nover-distributing capital to investors.” Thus, “[i]n order to stabilize\n[its] book value” the Company had “reset the quarterly dividend.”\n\nOn this news, FBRT’s stock price fell $1.44, or 14.2%, to close at $8.71 per\nshare on February 12, 2026, thereby injuring investors.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that throughout the Class\nPeriod, Defendants made materially false and/or misleading statements, as well\nas failed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\ninvestors that: (1) Defendants recklessly overstated Franklin BSP Realty\nTrust’s prospects; (2) Defendants recklessly overstated Franklin BSP Realty\nTrust’s ability to maintain the $0.355 dividend; and (3) as a result,\nDefendants’ positive statements about the Company’s business, operations,\nand prospects were materially misleading and/or lacked a reasonable basis at\nall relevant times.\n\nIf you purchased or otherwise acquired FBRT securities between November 5,\n2024 and February 11, 2026, the deadline to seek appointment as the lead\nplaintiff in the securities fraud class action is April 27, 2026.\n\nContact Us To Participate or Learn More:\n\nIf you wish to learn more about this class action, or if you have any\nquestions concerning this announcement or your rights or interests with\nrespect to the pending class action lawsuit, please contact us:\n\nFrank R. Cruz\n\nThe Law Offices of Frank R. Cruz,\n\n2121 Avenue of the Stars, Suite 800,\n\nCentury City, California 90067\n\nEmail us at: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nCall us at: 310-914-5007\n\nVisit our website at www.frankcruzlaw.com \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=7e35ae377fb9387c02bcf87b53afb894)\n\nFollow us for updates on Twitter: twitter.com/FRC_LAW\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FFRC_LAW&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=twitter.com%2FFRC_LAW&index=5&md5=0648a1d46f4e0106fea8b3b17de965d7)\n\nIf you inquire by email, please include your mailing address, telephone\nnumber, and number of shares purchased.\n\nTo be a member of the class action you need not take any action at this time;\nyou may retain counsel of your choice or take no action and remain an absent\nmember of the class action. This press release may be considered Attorney\nAdvertising in some jurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260422667484/en/\n(https://www.businesswire.com/news/home/20260422667484/en/)\n\nThe Law Offices of Frank R. Cruz, Los Angeles\n\nFrank R. Cruz, 310-914-5007\n\nfcruz@frankcruzlaw.com \n(mailto:fcruz@frankcruzlaw.com) \nwww.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=5e6d1d716cd90115812a0e945da57b25)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2fsYt6a","title":"Deadline Soon: Franklin BSP Realty Trust, Inc. (FBRT) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit","author":"Business Wire","ticker":"FBRT","created":"2026-04-22T16:00:00.087Z","tickers":["FBRT"],"exchange":"NYSE","article_body":"Deadline Soon: Franklin BSP Realty Trust, Inc. (FBRT) Shareholders Who Lost\nMoney Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud\nLawsuit\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=d60d6d6a413a459b3da0bacd2cb8e67c)\nreminds investors of the upcoming April 27, 2026 deadline to participate as a\nlead plaintiff in the securities fraud class action lawsuit filed on behalf of\ninvestors who acquired Franklin BSP Realty Trust, Inc. (“FBRT” or the\n“Company”) (NYSE: FBRT\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Ffbrt&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=FBRT&index=2&md5=114a40a4309d56ced907a26ac1b4dfa2)\n) securities between November 5, 2024 and February 11, 2026, inclusive (the\n“Class Period”).\n\nIF YOU ARE AN INVESTOR WHO LOST MONEY ON FRANKLIN BSP REALTY TRUST, INC.\n(FBRT), CLICK HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Ffranklin-bsp-realty-trust-inc%2F&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=HERE&index=3&md5=1aec115c373030022ac5490e5b53ea8b)\nTO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.\n\nWhat Happened?\n\nOn February 11, 2026, FBRT released its fourth quarter and full year 2025\nfinancial results, revealing, among other things, quarterly GAAP net income of\n$18.4 million, a significant decline from $30.2 million in the same quarter\nthe prior year, and quarterly earnings per share of $0.13, a significant\ndecline from $0.29 in the same quarter the prior year.\n\nThe Company further disclosed that “it has taken longer to resolve and sell\nthe real estate than [it] originally planned. This has led to\nover-distributing capital to investors.” Thus, “[i]n order to stabilize\n[its] book value” the Company had “reset the quarterly dividend.”\n\nOn this news, FBRT’s stock price fell $1.44, or 14.2%, to close at $8.71 per\nshare on February 12, 2026, thereby injuring investors.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that throughout the Class\nPeriod, Defendants made materially false and/or misleading statements, as well\nas failed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\ninvestors that: (1) Defendants recklessly overstated Franklin BSP Realty\nTrust’s prospects; (2) Defendants recklessly overstated Franklin BSP Realty\nTrust’s ability to maintain the $0.355 dividend; and (3) as a result,\nDefendants’ positive statements about the Company’s business, operations,\nand prospects were materially misleading and/or lacked a reasonable basis at\nall relevant times.\n\nIf you purchased or otherwise acquired FBRT securities between November 5,\n2024 and February 11, 2026, the deadline to seek appointment as the lead\nplaintiff in the securities fraud class action is April 27, 2026.\n\nContact Us To Participate or Learn More:\n\nIf you wish to learn more about this class action, or if you have any\nquestions concerning this announcement or your rights or interests with\nrespect to the pending class action lawsuit, please contact us:\n\nFrank R. Cruz\n\nThe Law Offices of Frank R. Cruz,\n\n2121 Avenue of the Stars, Suite 800,\n\nCentury City, California 90067\n\nEmail us at: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nCall us at: 310-914-5007\n\nVisit our website at www.frankcruzlaw.com \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=7e35ae377fb9387c02bcf87b53afb894)\n\nFollow us for updates on Twitter: twitter.com/FRC_LAW\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FFRC_LAW&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=twitter.com%2FFRC_LAW&index=5&md5=0648a1d46f4e0106fea8b3b17de965d7)\n\nIf you inquire by email, please include your mailing address, telephone\nnumber, and number of shares purchased.\n\nTo be a member of the class action you need not take any action at this time;\nyou may retain counsel of your choice or take no action and remain an absent\nmember of the class action. This press release may be considered Attorney\nAdvertising in some jurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260422667484/en/\n(https://www.businesswire.com/news/home/20260422667484/en/)\n\nThe Law Offices of Frank R. Cruz, Los Angeles\n\nFrank R. Cruz, 310-914-5007\n\nfcruz@frankcruzlaw.com \n(mailto:fcruz@frankcruzlaw.com) \nwww.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54519776&newsitemid=20260422667484&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=5e6d1d716cd90115812a0e945da57b25)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-04-22T16:00:00.149189384Z","server_sent_at_ms":1776873600149},"received_at":"2026-04-22T16:00:00.201Z","source_url":"https://www.businesswire.com/news/home/20260422667484/en/"},"analysis":{"id":"3735","press_release_id":"5159","analysis_json":{"industry":{"label":"Equity Real Estate Investment Trusts (REITs)","sector":"Real Estate"},"redFlags":["Securities fraud class action lawsuit filed","Stock price dropped 14.2% following earnings release","Allegations of overstated dividend sustainability and prospects"],"eventType":"legal_litigation","narrative":"The Law Offices of Frank R. Cruz reminded investors of the April 27, 2026 deadline to seek lead plaintiff status in a securities fraud class action against Franklin BSP Realty Trust covering the period from November 5, 2024 to February 11, 2026.\n\nThe lawsuit alleges the company failed to disclose delays in selling real estate and overstated its ability to maintain the $0.355 dividend, resulting in over-distribution of capital to investors.\n\nThese disclosures coincided with a 14.2% drop in share price to $8.71 on February 12, following the release of Q4 earnings showing net income fell to $18.4 million and EPS declined to $0.13.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Investors face deadline to join lawsuit against FBRT following 14% drop tied to dividend cut and real estate delays."},"keyFigures":{"eps":0.13,"customDimensions":{"prior_year_eps":0.29,"stock_price_close":"$8.71","net_income_q4_2024":"$30.2 million","net_income_q4_2025":"$18.4 million","dividend_reset_amount":"$0.355","stock_price_drop_amount":"$1.44","stock_price_drop_percent":"14.2%"}},"quotedText":"it has taken longer to resolve and sell the real estate than [it] originally planned. This has led to over-distributing capital to investors.","namedEntities":{"people":[{"name":"Frank R. Cruz","role":"Attorney"}],"products":[],"companies":[{"name":"Franklin BSP Realty Trust, Inc.","ticker":"FBRT"},{"name":"The Law Offices of Frank R. 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