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  "documentTitle": "Franklin BSP Realty Trust | Results Presentation Deck | 28 slides",
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  "authorName": "Franklin BSP Realty Trust",
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  "presentationDate": "2024-02-01 00:00:00",
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      "text": "Distributable Earnings ($M) (1) 1Q'23 $44.8, 2Q'23 $63.5, 3Q'23 $42.0, 4Q'23 $39.3",
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      "text": "GAAP Net Income (Loss) ($M) 1Q'23 $43.8, 2Q'23 $39.6, 3Q'23 $31.0, 4Q'23 $30.0",
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      "text": "1. Please see appendix for GAAP net income to Distributable Earnings calculation.\n2. Fully converted per share information assumes applicable conversion of our outstanding series of convertible preferred stock into common stock and the full vesting of our outstanding equity compensation awards.\n3. In Q2 2023, the sale of the Williamsburg Hotel loan accounted for approximately $15.0 million of Distributable Earnings.",
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      "text": "Dividend per share $0.355 $0.355 $0.355 $0.355; Distributable earnings per share, fully converted (1), (2) $0.44 $0.66 $0.43 $0.39; Distributable dividend coverage, fully converted (1), (2) 125% 185% 120% 109%",
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