UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January ~~October 29~~14, ~~2025~~2026

Franklin BSP Realty Trust, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Maryland	001-40923	46-1406086
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)

1 Madison Ave, Suite 1600

New York, New York 10010

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (212) 588-6770

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

o¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	FBRT	New York Stock Exchange
7.50% Series E Cumulative Redeemable Preferred Stock, par value $0.01 per share	FBRT PRE	New York Stock Exchange

~~Indicate~~Indicated by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 23.0203. ~~Results~~Material ofModification ~~Operations~~to ~~and~~Rights ~~Financial~~of ~~Condition~~Security Holders.

OnThe ~~October~~information ~~29,~~set ~~2025,~~forth ~~Franklin~~below ~~BSP~~under ~~Realty~~Item ~~Trust, Inc~~5.03 is ~~(the~~hereby ~~“Company”)~~incorporated ~~issued~~by areference ~~press~~into ~~release~~this ~~and~~Item ~~supplemental slide presentation reporting the Company’s financial results for the quarter ended September 30, 2025~~3. ~~Copies of the press release and supplemental slide presentation are attached hereto as Exhibit 99~~03.~~1 and Exhibit 99.2, respectively, and are incorporated herein by reference.~~

~~The information in this~~ Item 25.~~02 (including Exhibits 99~~03.1 ~~and~~Amendments ~~99.2) shall not be deemed~~ to beArticles ~~“filed” for purposes~~ of ~~Section~~Incorporation ~~18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),~~ or ~~otherwise~~Bylaws; ~~subject~~Change to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in ~~such~~Fiscal ~~filing~~Year.

Amendment No. 4 to Articles Supplementary for Series H Convertible Preferred Stock

On January 20, 2026, Franklin BSP Realty Trust, Inc. (the “Company”) filed Amendment No. 4 (the “Amendment”) to the Articles Supplementary (the “Series H Articles Supplementary”) relating to the Company’s Series H Convertible Preferred Stock, $0.01 par value per share (the “Series H Preferred Stock”) with the Maryland State Department of Assessments and Taxation, which Amendment became effective upon filing.

The Company’s Board of Directors (the “Board”) and the sole holder of the Series H Preferred Stock approved the Amendment, which was requested by the holder of the Series H Preferred Stock, to extend the mandatory conversion date for the Series H Preferred Stock, which was set to occur on January 21, 2026, to January 21, 2028; provided that the Company and the holder(s) of all of the then outstanding Series H Preferred Stock may mutually agree in writing prior to any mandatory conversion date (as may be extended) to one or more one-year extensions of the mandatory conversion date. In addition, under the Amendment, the holder of the Series H Preferred Stock has the right to convert up to 4,487 shares of Series H Preferred Stock one time in each calendar month through and including the calendar month prior to the mandatory conversion date, upon 10 business days’ advance notice to the Company. No other terms in the Series H Articles Supplementary were amended.

The foregoing description of the Amendment is a summary and is qualified in its entirety by the terms of the Amendment, which is attached hereto as Exhibit 3.1 and is incorporated herein by reference.

Item 5.07

Submission of Matters to a Vote of Security Holders.

On January 14, 2026, the sole stockholder of the Series H Preferred Stock executed and delivered to the Company a written consent approving the Amendment.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

						EXHIBIT INDEX
ExhibitNo.						Description
99.1						Press Release dated October 29, 2025 announcing the Company’s financial results for the quarter ended September 30, 2025
99.2						Supplemental Presentation for the quarter ended September 30, 2025
104.1						Cover Page Interactive Data File (embedded within the Inline XBRL document)

EXHIBIT INDEX

Exhibit No.		Description

3.1		Amendment No. 4 to Articles Supplementary of Franklin BSP Realty Trust, Inc., dated January 20, 2026, relating to Series H Convertible Preferred Stock

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

~~FRANKLIN~~Franklin BSP ~~REALTY~~Realty ~~TRUST~~Trust, ~~INC~~Inc. By: /s/ Jerome S. Baglien Name: Jerome S. Baglien Title: Chief Financial Officer and Chief Operating Officer

~~Date:~~January ~~October 29~~21, ~~2025~~2026

Filing Compare · Franklin BSP Realty Trust, Inc.