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): February 1011, 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)




(Former name, former address and former fiscal year, if changed since last report)

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 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 52.02. ~~Departure~~Results of ~~Directors~~Operations orand ~~Certain~~Financial ~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Condition.

On February 1011, 2026, ~~the Board of Directors (the “Board”) of~~ Franklin BSP Realty Trust, Inc. (the “Company”) ~~appointed~~issued ~~Michael~~a ~~Comparato~~press asrelease and supplemental slide presentation reporting the Company’s ~~Chief~~ ~~Executive~~financial ~~Officer,~~results ~~effective~~for ~~immediately.~~the ~~Mr.~~quarter ~~Comparato~~and ~~succeeds~~year ~~Richard~~ended J.December ~~Byrne~~31, ~~who~~2025. ~~resigned~~Copies asof ~~Chief~~the ~~Executive~~press ~~Officer~~release onand ~~the same~~supplemental ~~date.~~slide ~~Mr.~~presentation ~~Byrne~~are ~~will~~attached ~~continue~~hereto toas ~~serve~~Exhibit as99.1 ~~Chairman~~and ofExhibit ~~the~~99.2, ~~Board~~respectively, ofand ~~the~~are ~~Company~~incorporated herein by reference.

MrThe information in this Item 2.02 ~~Comparato,~~(including ~~48,~~Exhibits ~~had~~99.1 ~~previously~~and ~~served~~99.2) asshall ~~the Company’s~~not ~~President~~be ~~since~~deemed ~~March~~to ~~2023.~~be He“filed” ~~also~~for ~~serves~~purposes asof ~~Senior~~Section ~~Managing~~18 ~~Director,~~of ~~Head~~the Securities Exchange Act of ~~Real~~1934, ~~Estate~~as amended (~~since~~the ~~2017~~“Exchange Act”), ~~and~~or ~~Portfolio Manager~~otherwise ~~with~~subject ~~Benefit~~to ~~Street~~the ~~Partners L.L.C.~~liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the ~~Company’s~~Securities ~~external~~Act ~~manager~~of (1933, as amended, or the ~~“Advisor”)~~Exchange Act, ~~and~~except ~~serves~~as onshall ~~the Advisor’s~~be USexpressly ~~Executive~~set ~~Committee~~forth by specific reference in such filing.

In addition, on February 10, 2026, the Board appointed Brian Buffone to succeed Mr. Comparato as the Company’s President, effective immediately. Mr. Buffone, 48, is a Managing Director and has served as Head of Real Estate Operations of the Advisor since January 2025. Mr. Buffone joined the Advisor in 2018 as Managing Director, Head of Equity Investments.

There are no family relationships between Mr. Comparato or Mr. Buffone and any director or executive officer of the Company and there have been no transactions between Mr. Comparato, Mr. Buffone or any of either of their immediate family members and the Company or any of its subsidiaries.

On February 10, 2026, the Company issued a press release announcing the appointments of Mr. Comparato and Mr. Buffone, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

EXHIBIT INDEX


						EXHIBIT INDEX
Exhibit No.						Description
99.1						Press Release dated February 11, 2026 announcing the Company’s financial results for the quarter and year ended December 31, 2025

99.2						Supplemental Presentation for the quarter ended December 31, 2025

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

Exhibit
No.		Description
99.1		Press Release issued on February 10, 2026
104.1		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 BSP REALTY TRUST, INC.


			By:			/s/ Jerome S. Baglien
			Name:			Jerome S. Baglien
			Title:			Chief Financial Officer and Chief Operating Officer

Date: February 1011, 2026

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