As previously reported, Janney Montgomery Scott initiated coverage of Franklin BSP Realty Trust (FBRT) with a Buy rating and $16 fair value estimate. The commercial real estate mortgage lender focused primarily on first lien mortgage loans on transitional commercial real estate properties has “one of the strongest balance sheets in the sector,” as well as “world-class sponsorship” and “a peer-leading track record through a challenging CRE lending market,” the analyst tells investors.
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