DENALI ADVISORS LLC

Position in FBRT — Franklin BSP Realty Trust, Inc.

CIK 1142941 SAN DIEGO, CA

Position in FBRT

as of Mar 31, 2026 · filed May 8, 2026 Compact

Position Value

$1,534,992

New position

Shares Held

180,800

first reported quarter

Ownership

0.235%

of shares outstanding

% of Portfolio

0.18%

of 13F equity value

Holder Rank

—

not a current holder

Holding Since

Mar 2026

1 quarter on record

Voting authority Sole 13.550884955752213.ToString("F0")% Shared 0.ToString("F0")% None 86.44911504424779.ToString("F0")%

Real Estate · as of Mar 31, 2026

DENALI ADVISORS LLC holds $6,761,885 across 3 REIT - Mortgage names. FBRT ranks #2 (22.7% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	LADR	Ladder Capital Corp	482,200	$4,711,094
2	FBRT	Franklin BSP Realty Trust, Inc. This page	180,800	$1,534,992
3	ABR	Arbor Realty Trust Inc	66,900	$515,799

1 filing row on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$1,534,992	180,800	—	Shares	Sole	2026-05-08
No filing history on record for this holder in this stock.