NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that Richard Byrne, Chairman of the Board and the Company's former Chief Executive Officer, has been reappointed as Chief Executive Officer, effective September 16, 2026. Mr. Byrne succeeds Michael Comparato, who resigned on September 15, 2026 as part of his decision to step back from day-to-day executive responsibilities to spend more time with his family. Mr. Byrne has remained cl.