The year 2025 has started with optimism in equity markets, but some investors remain cautious due to persistent inflationary pressures and high interest rates. In such an environment, dividend stocks are a popular choice to provide stable income and diversify a portfolio.
Today, we'll feature two companies - Franklin BSP Realty Trust and BrightSpire Capital - that offer dividend yields of up to 11%. According to hedge manager Bill Smead, they are so interesting at the moment.
Franklin BSP Realty Trust $FBRT: Stability and growth in the world of real estate
Franklin BSP Realty Trust (FBRT) is a real estate investment trust (REIT) that specializes in making mortgage loans in the commercial real estate sector. The company's portfolio primarily includes mortgage loans for multifamily properties, such as apartment complexes. As of September 2024, the company had 157 loans with an average size of $33 million, with 74% of these loans backed by multifamily properties.
In the last quarter of 2024,…