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 16 quarters(56%)
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
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%
Q2 2021———
Q1 2021———
Q4 2020———
Q3 2020———
Q2 2020———
Q1 2020———
Q4 2019———
Q3 2019———
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Q4 2018———
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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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