{
  "docId": "019de518-0415-7479-b310-04ebf4b1f01b",
  "docSlug": "41c0b59d61e742700a136866f7580577",
  "documentTitle": "Franklin BSP Realty Trust | Results Presentation Deck | 28 slides",
  "authorId": "franklin-bsp-realty-trust",
  "authorName": "Franklin BSP Realty Trust",
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 8,
  "pageCount": 28,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "other",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 10,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de518-0415-7479-b310-04ebf4b1f01b/8",
  "deckHref": "/decks/019de518-0415-7479-b310-04ebf4b1f01b",
  "deckJsonHref": "/decks/019de518-0415-7479-b310-04ebf4b1f01b.json",
  "deckAnchorHref": "/decks/019de518-0415-7479-b310-04ebf4b1f01b#slide-8",
  "components": [
    {
      "bbox": {
        "h": 0.569,
        "w": 0.426,
        "x": 0.53,
        "y": 0.202
      },
      "kind": "chart",
      "text": "Net Leverage 2.50x 2.00x 1.50x 1.00x 0.50x 0.00x Recourse Leverage 0.16x Total Leverage 2.29x",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3acbdd4c-ccaf-4684-b453-34513b41fa99",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.54,
        "w": 0.46,
        "x": 0.039,
        "y": 0.202
      },
      "kind": "chart",
      "text": "Financing Sources (1) FBRT average debt cost including financing costs was 7.9% in 4Q23 vs. 7.7% last quarter $4.2Bn Total Debt Collateralized Loan Obligations 85% Warehouse 7% Repo - Securities 4% Financings 1% Unsecured Debt 2%",
      "attrs": null,
      "subkind": "donut",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ae53e2ff-c39b-499b-890b-d185aea54090",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.016,
        "w": 0.59,
        "x": 0.05,
        "y": 0.945
      },
      "kind": "source-note",
      "text": "1. On our core book (excluding repo-securities), 89% of financings are non-mark-to-market.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1249fb06-f55b-4bf4-9ccb-4611e62df512",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.459,
        "x": 0.028,
        "y": 0.035
      },
      "kind": "title",
      "text": "FBRT 4Q 2023 Financial Update: Capitalization Overview",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b8fcb983-bb95-467b-8095-74db78ba8a2c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 10,
      "from": 7,
      "beatId": "2e9d11b5-669e-474c-bbb0-409c075fe7de",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "The deck provides details on core loan originations, capitalization, and liquidity",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 10,
      "from": 7,
      "name": "Hypothesis Test",
      "slug": "42-hypothesis-test",
      "bestFor": "Strategy validation, due diligence, research presentations",
      "matchId": "de4aff35-ff2f-4ea7-b1f0-4940879ea7b0",
      "evidence": "The deck provides data on core loan originations and capitalization",
      "position": 1,
      "objective": "To evaluate the company's loan originations and capitalization",
      "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)",
      "confidence": 0.6,
      "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}