Franklin BSP Realty Trust, Inc. reported a GAAP net income of $30.2 million and diluted EPS of $0.29 for the fourth quarter of 2024. The company closed $441 million in new loan commitments and funded $476 million in principal balance, while receiving $641 million in loan repayments. Distributable Earnings were $31.2 million, or $0.30 per diluted common share.
GAAP net income for Q4 2024 was $30.2 million, with diluted EPS of $0.29.
Distributable Earnings for Q4 2024 were $31.2 million, or $0.30 per diluted common share.
The company closed $441 million of new loan commitments and funded $476 million of principal balance in Q4 2024.
Book value per diluted common share on a fully converted basis was $15.19 as of December 31, 2024.
The company anticipates continued active management of its legacy loan portfolio and expects its proactive approach to lead to enhanced earnings power. They also plan to continue their share repurchase program.
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