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Dec 31, 2021
FBRT Q4 2021 Earnings Report
FBRT's financial results for the quarter ended December 31, 2021, were announced, reflecting the combination of FBRT and Capstead Mortgage Corporation after their merger.
Key Takeaways
Franklin BSP Realty Trust (FBRT) announced its Q4 2021 results, which include the merged operations with Capstead Mortgage Corporation. The company closed $1.6 billion of loan commitments and funded $1.5 billion in principal balance, resulting in net core portfolio growth of $970 million. Book value was reported at $17.25 per fully converted common share.
FBRT's merger with Capstead Mortgage Corporation closed on October 19, 2021, and the results reflect the combined entity.
The ARM portfolio has been reduced to $2.4 billion as of February 18, 2022, a 66% reduction from $7.1 billion at September 30, 2021.
Commercial real estate platform had a record quarter.
The core portfolio at the end of the quarter had 165 loans with an aggregate principal balance of approximately $4.2 billion.
Forward Guidance
Looking into 2022, our pipeline remains robust with strong deal flow.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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