NYSE$FBRT

Franklin BSP Realty Trust Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter 2022 results.

Franklin BSP Realty Trust reported a GAAP net loss of $22.5 million, or $(0.99) per diluted share. Run-Rate Distributable Earnings were $40.1 million, or $0.39 per fully converted share. The core commercial real estate strategy performed well, but market conditions created a challenging backdrop for residential ARM assets. The company made significant progress in decreasing the ARM portfolio.

  • Closed $603 million of loan commitments.
  • Funded $640 million of principal balance on new and existing loans.
  • Received loan repayments of $321 million.
  • Net core portfolio growth of $319 million.

Headline financials

Total Revenue

$55.1M

Previous: $31.6M+74.4%
EPS (adj)

$0.39

Previous: $5.30-92.6%
Book Value per Share

$16.50

No prior period
Free Cash Flow

-$22.5M

Previous: $30.1M-174.7%
Net Income

-$22.5M

Previous: $30.1M-174.7%
Operating Income

$34M

Previous: $17.3M+96.4%
Gross Profit

$54.1M

Previous: $29.3M+85.1%
Cash & Equivalents

$117M

Previous: $99.1M+18.1%
Total Assets

$7.11B

Previous: $3.55B+100.2%
Stock-Based Comp

$500K

Previous: $55K+809.1%

Revenue & EPS history

FBRT · Revenue · Quarterly

$55.1M

Q1 2022+74.4%vs Q1 2021
Beat estimate in 1 of 4 quarters(25%)
ActualEstimate

Forward guidance

Originations grew at a healthy rate during the first quarter, which is supportive of our outlook for the year. Additionally, our pipeline remains robust heading into the second quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.3%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-0.5%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+7.9%

Q4 2023

Best reaction

-14.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%+1.7%-3.3%
Q4 2025-14.2%-12.5%-12.3%
Q3 2025-4.3%-4.8%-2.3%
Q1 2025-0.4%-1.6%-4.8%
Q4 2024+1.7%+1.6%+2.2%
Q3 2024-0.1%+2.1%-0.7%
Q2 2024-9.7%-11.3%-2.8%
Q1 2024-2.0%+0.2%-3.4%
Q4 2023+7.9%+6.5%+9.0%
Q3 2023+3.4%+10.9%+6.5%
Q2 2023-4.9%-3.8%-0.3%
Q1 2023+2.3%+6.0%+15.3%
Q4 2022+3.9%+3.0%-18.0%
Q3 2022+7.5%+6.1%+3.9%
Q2 2022-0.8%-4.5%-11.3%
Q1 2022+2.6%-0.8%+12.3%
Q4 2021+0.9%+2.5%+6.9%
Q3 2021-0.1%-2.0%-5.9%
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q4 2014
Q1 2015
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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