NYSE$FBRT

Franklin BSP Realty Trust Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Announced financial results for the quarter ended March 31, 2023.

Franklin BSP Realty Trust reported a GAAP net income of $43.8 million and Distributable Earnings of $44.8 million, or $0.44 per diluted common share for the quarter ended March 31, 2023. The company closed $200 million on new investments and had total liquidity of $1.0 billion.

  • Produced a first quarter GAAP and Distributable Earnings ROE of 11.0% and 11.1%, respectively
  • Book value of $15.78 per diluted common share on a fully converted basis, flat to the prior quarter
  • Closed $200 million on new investments at a weighted average spread of 580 basis points
  • Total liquidity of $1.0 billion, which includes $230 million in cash

Headline financials

Total Revenue

$62.8M

Previous: $55.1M+13.9%
EPS (adj)

$0.44

Previous: $0.39+12.8%
Average Loan Size

$32M

No prior period
Book Value per Share

$15.78

Previous: $16.50-4.4%
Free Cash Flow

$43.8M

Previous: -$22.5M+294.7%
Net Income

$43.8M

Previous: -$22.5M+294.7%
Operating Income

$40.5M

Previous: $34M+19.0%
Gross Profit

$62.8M

Previous: $54.1M+16.0%
Cash & Equivalents

$230M

Previous: $117M+96.8%
Total Assets

$5.84B

Previous: $7.11B-17.9%
Stock-Based Comp

$1.02M

Previous: $500K+104.4%

Revenue & EPS history

FBRT · Revenue · Quarterly

$62.8M

Q1 2023+13.9%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Company will continue to selectively deploy capital to enhance stockholder returns.

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 2023

Historical avgQ1 2023

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro