NYSE$FBRT
Franklin BSP Realty Trust Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Financial results announced for the quarter ended June 30, 2023.
Franklin BSP Realty Trust reported a GAAP net income of $39.6 million and Distributable Earnings of $63.5 million, demonstrating a strong distributable earnings return on equity of 16.5%. The company closed $230 million of new investments and maintained a total liquidity of $1.2 billion.
- Produced a second quarter GAAP and Distributable Earnings ROE of 9.8% and 16.5%, respectively.
- Book value of $15.85 per diluted common share, an increase of $0.07.
- Declared second quarter common stock cash dividend of $0.355, representing a 9.0% yield on book value.
- Closed $230 million of new investments at a weighted average spread of 432 basis points.
Headline financials
Revenue & EPS history
FBRT · Revenue · Quarterly
$84M
Forward guidance
The company is well-positioned with a conservative portfolio, strong balance sheet, and low leverage, and continues to monitor the portfolio and explore AI to enhance processes.
Tailwinds
- Strong earnings performance with a 16.5% distributable earnings return on equity.
- Comfortable coverage of the common stock dividend.
- Conservative portfolio positioning.
- Strong balance sheet with low leverage.
- Actively exploring generative artificial intelligence to enhance processes.
Headwinds
- Turbulence of the market requires aggressive monitoring of the portfolio.
- Incremental provision for credit losses of approximately $21.6 million.
- Macroeconomic factors including inflation and changing interest rates.
- Risk of economic contraction.
- Potential for recoveries on delinquent loans remains uncertain.
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 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
| 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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