UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

November 14, 2025

(Date of earliest event reported)

FRANKLIN BSP REAL ESTATE DEBT, INC.

(Exact Name of Registrant as Specified in its Charter)

Maryland

000-56705

99-3480205

(State or other jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)


One Madison Avenue, Suite 1600 New York, New York									10010

(Address of principal executive offices)									(Zip Code)

(Registrant’s telephone number including area code) 212-588-6770

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

October 2025 Distributions

On November 14, 2025, Franklin BSP Real Estate Debt, Inc. (the “Company”) paid distributions on its outstanding shares of Class G common stock, par value $0.001 per share (the “Class G Common Stock”), Class G-D common stock, par value $0.001 per share (the “Class G-D Common Stock”), Class G-S common stock, par value $0.001 per share (the “Class G-S Common Stock”), and Class E common stock, par value $0.001 per share (the "Class E Common Stock") to holders of record as of October 31, 2025, in the amount per share set forth below. These distributions were paid in cash or reinvested in the applicable class of common stock, for stockholders participating in the Company’s distribution reinvestment plan.


	Gross Distribution		Servicing Fee		Net Distribution
Class G Common Stock	$	0.1667	—		$	0.1667
Class G-D Common Stock	$	0.1667	$	(0.0047)	$	0.1620
Class G-S Common Stock	$	0.1667	$	(0.0148)	$	0.1519
Class E Common Stock	$	0.1667	$	—	$	0.1667

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Franklin BSP Real Estate Debt, Inc.



By:			/s/ Jerome S. Baglien
			Name: Jerome S. Baglien
			Title: Chief Financial Officer, Chief Operating Officer and Treasurer

Date: November 14, 2025

Franklin BSP Real Estate Debt, Inc. 8-K