Loading...
•
Jun 30, 2024
FBRT Q2 2024 Earnings Report
Announced financial results for the quarter ended June 30, 2024.
Key Takeaways
Franklin BSP Realty Trust reported a GAAP net loss of $(3.8) million and Distributable Earnings of $32.4 million, or $0.31 per diluted common share, for the second quarter of 2024. The core portfolio principal balance increased to $5.4 billion. The company closed $622 million of new loan commitments and repurchased 240,740 shares of common stock.
Core portfolio principal balance of $5.4 billion, an increase of $195 million from the prior quarter
Closed $622 million of new loan commitments at a weighted average spread of 318 basis points
Total liquidity of $699 million, which includes $95 million in cash and cash equivalents
Repurchased 240,740 shares of common stock at a net average price of $12.42 per share for an aggregate of $3.0 million
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...