NYSE$FBRT

Franklin BSP Realty Trust Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Announced financial results for the quarter ended June 30, 2024.

Franklin BSP Realty Trust reported a GAAP net loss of $(3.8) million and Distributable Earnings of $32.4 million, or $0.31 per diluted common share, for the second quarter of 2024. The core portfolio principal balance increased to $5.4 billion. The company closed $622 million of new loan commitments and repurchased 240,740 shares of common stock.

  • Core portfolio principal balance of $5.4 billion, an increase of $195 million from the prior quarter
  • Closed $622 million of new loan commitments at a weighted average spread of 318 basis points
  • Total liquidity of $699 million, which includes $95 million in cash and cash equivalents
  • Repurchased 240,740 shares of common stock at a net average price of $12.42 per share for an aggregate of $3.0 million

Headline financials

Total Revenue

$50.9M

Previous: $84M-39.4%
EPS

-$0.11

Previous: $0.66-116.7%
Average Loan Size

$36M

No prior period
Book Value per Share

$15.27

No prior period
Capital Expenditures

$0.00

No prior period
Free Cash Flow

-$2.18M

Previous: $39.6M-105.5%
Net Income

-$2.18M

Previous: $39.6M-105.5%
Operating Income

$33.2M

Previous: $60.9M-45.6%
Gross Profit

$50.9M

Previous: $84M-39.4%
Stock-Based Comp

$2.09M

Previous: $1.23M+70.0%

Revenue & EPS history

FBRT · Revenue · Quarterly

$50.9M

Q2 2024-39.4%vs Q2 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the press release.

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 2024

Historical avgQ2 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

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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