NYSE$FBRT
Franklin BSP Realty Trust Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Franklin BSP Realty Trust, Inc. announced financial results for the second quarter of 2022.
Franklin BSP Realty Trust reported a GAAP net loss of $(25.7) million and Distributable Earnings of $30.7 million for the quarter ended June 30, 2022. The core portfolio ended the quarter at $5.3 billion, and the company closed an $803 million managed CRE CLO.
- Produced a second quarter GAAP ROE of (8.3)% and a Distributable Earnings ROE of 7.0%.
- Book value of $15.81 per fully converted share.
- Declared second quarter common stock cash dividend of $0.355 representing an 9.0% yield on book value.
- Core portfolio ended the quarter at $5.3 billion of principal balance.
Headline financials
Revenue & EPS history
FBRT · Revenue · Quarterly
$39.7M
Forward guidance
FBRT expects to have a fully-optimized portfolio in the fourth quarter and anticipates returns to be more in-line with historical performance.
Tailwinds
- Expect to have a fully-optimized portfolio in the fourth quarter.
- Anticipate returns to be more in-line with historical performance.
- Strong balance sheet.
- Ample liquidity.
- Complete focus is on our core commercial real estate strategy.
Headwinds
- Continued challenging market conditions.
- Decline in transactional volume across the commercial lending market.
- Witness the repricing of assets, most notably in multifamily and industrial sectors.
- Economics were not as accretive as our last several CLO's.
- Performance was also negatively affected by certain one-time events.
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 Q2 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
| 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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