NYSE$FBRT

Franklin BSP Realty Trust Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced third quarter results showcasing an exceptional quarter and the merger with Capstead Mortgage Corporation.

Franklin BSP Realty Trust (FBRT) reported strong third-quarter results, marked by significant portfolio growth and the completion of its merger with Capstead Mortgage Corporation. The company closed $519 million in loan commitments and funded $474 million, leading to a net core portfolio growth of $138 million. Diluted book value per common share stood at $18.60.

  • Closed $519 million of loan commitments and funded $474 million of principal balance.
  • Net core portfolio growth of $138 million.
  • Concluded the quarter with a core portfolio of 150 loans, totaling approximately $3.3 billion.
  • Diluted book value per common share was $18.60.

Headline financials

Total Revenue

$36.8M

Previous: $30.3M+21.3%
EPS (adj)

$6.70

Previous: $4.10+63.4%
New Loan Commitments

$519M

No prior period
Principal Funded

$474M

No prior period
Loan Repayments

$337M

No prior period
Number of Loans

150

No prior period
Aggregate Principal Balance

$3.3B

No prior period
Average Loan Size

$22M

No prior period
Conduit Loans Sold

$145M

No prior period
Book Value per Share

$18.60

No prior period
Free Cash Flow

$38.5M

Previous: $21.5M+79.1%
Net Income

$38.5M

Previous: $21.5M+79.1%
Operating Income

$20M

Previous: $15.4M+29.9%
Gross Profit

$35.2M

Previous: $26.6M+32.1%
Cash & Equivalents

$91.4M

Previous: $96.1M-4.9%
Total Assets

$3.64B

Previous: $3.11B+16.9%
Stock-Based Comp

$52K

Previous: $40K+30.0%

Revenue & EPS history

FBRT · Revenue · Quarterly

$36.8M

Q3 2021+21.3%vs Q3 2020
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports

Historical avg

-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
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Q4 2020
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Q4 2018
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Q4 2013
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Q2 2013
Q1 2013

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