Loading...
•
Dec 31, 2023
FBRT Q4 2023 Earnings Report
Announced financial results for the fourth quarter and full year 2023.
Key Takeaways
Franklin BSP Realty Trust reported a GAAP net income of $30.0 million for the quarter ended December 31, 2023, compared to $27.2 million for the same period in 2022. Distributable Earnings were $39.3 million, or $0.39 per diluted common share, compared to $38.8 million, or $0.37 per diluted common share, for the same period in 2022. The company closed $231 million of new loan commitments and repurchased 267,968 shares of common stock.
Produced a fourth quarter GAAP and Distributable Earnings ROE of 7.2% and 9.8%, respectively
Book value of $15.77 per diluted common share on a fully converted basis
Closed $231 million of new loan commitments at a weighted average spread of 391 basis points
Total liquidity of $1.5 billion, which includes $338 million in cash and cash equivalents and $55 million in CLO reinvest available
Forward Guidance
The company expects to grow its portfolio and put capital to work at attractive levels in 2024 as the pipeline grows and origination volumes improve.
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...