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Mar 31, 2023
FBRT Q1 2023 Earnings Report
Announced financial results for the quarter ended March 31, 2023.
Key Takeaways
Franklin BSP Realty Trust reported a GAAP net income of $43.8 million and Distributable Earnings of $44.8 million, or $0.44 per diluted common share for the quarter ended March 31, 2023. The company closed $200 million on new investments and had total liquidity of $1.0 billion.
Produced a first quarter GAAP and Distributable Earnings ROE of 11.0% and 11.1%, respectively
Book value of $15.78 per diluted common share on a fully converted basis, flat to the prior quarter
Closed $200 million on new investments at a weighted average spread of 580 basis points
Total liquidity of $1.0 billion, which includes $230 million in cash
Forward Guidance
Company will continue to selectively deploy capital to enhance stockholder returns.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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