NYSE$FBRT
Franklin BSP Realty Trust Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced financial results for the quarter ended March 31, 2024.
Franklin BSP Realty Trust reported a GAAP net income of $35.8 million and Distributable Earnings of $41.0 million for the first quarter of 2024. The company closed $591 million of new loan commitments and had a core portfolio principal balance of $5.2 billion.
- Produced a first quarter GAAP and Distributable Earnings ROE of 8.9% and 10.4%, respectively.
- Book value of $15.68 per diluted common share on a fully converted basis.
- Closed $591 million of new loan commitments at a weighted average spread of 464 basis points.
- Total liquidity of $1.0 billion, which includes $240 million in cash and cash equivalents.
Headline financials
Revenue & EPS history
FBRT · Revenue · Quarterly
$54M
Forward guidance
Franklin BSP Realty Trust is well-positioned to grow its portfolio and capitalize on market opportunities, while keeping an active eye on the existing legacy portfolio and working through issues as needed.
Tailwinds
- Actively originating loans with $756 million of originations year-to-date.
- Robust pipeline and ample liquidity.
- Well-positioned to further grow portfolio.
- Capitalizing on market opportunities.
- Maintaining focus on existing legacy portfolio.
Headwinds
- Macroeconomic factors in the United States including inflation.
- Changing interest rates.
- Economic contraction.
- Extent of any recoveries on delinquent loans.
- Financial stability of borrowers.
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 2024
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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% | |
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