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Mar 31, 2022
FBRT Q1 2022 Earnings Report
Announced first quarter 2022 results.
Key Takeaways
Franklin BSP Realty Trust reported a GAAP net loss of $22.5 million, or $(0.99) per diluted share. Run-Rate Distributable Earnings were $40.1 million, or $0.39 per fully converted share. The core commercial real estate strategy performed well, but market conditions created a challenging backdrop for residential ARM assets. The company made significant progress in decreasing the ARM portfolio.
Closed $603 million of loan commitments.
Funded $640 million of principal balance on new and existing loans.
Received loan repayments of $321 million.
Net core portfolio growth of $319 million.
Forward Guidance
Originations grew at a healthy rate during the first quarter, which is supportive of our outlook for the year. Additionally, our pipeline remains robust heading into the second quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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