NYSE$FBRT

Franklin BSP Realty Trust Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter results, reporting GAAP net income of $35.3 million and distributable earnings of $34.4 million.

Franklin BSP Realty Trust, Inc. reported a GAAP net income of $35.3 million or $0.34 per diluted share for the three months ended September 30, 2022. Distributable Earnings (a non-GAAP financial measure) was $34.4 million or $0.33 per fully converted share for the same period.

  • Produced a third quarter GAAP ROE of 8.6% and a Distributable Earnings ROE of 8.3%
  • Book value increased to $15.84 per fully converted share from $15.81 in the prior quarter
  • Declared third quarter common stock cash dividend of $0.355 representing a 9.0% yield on book value
  • Closed $470 million of new loan commitments at a weighted average spread of 651 basis points

Headline financials

Total Revenue

$50.3M

Previous: $36.8M+36.7%
EPS (adj)

$0.33

Previous: $6.70-95.1%
New Loan Commitments

$470M

Previous: $519M-9.4%
Book Value per Share

$15.84

Previous: $18.60-14.8%
Free Cash Flow

$35.3M

Previous: $38.5M-8.4%
Net Income

$35.3M

Previous: $38.5M-8.4%
Operating Income

$33M

Previous: $20M+64.9%
Gross Profit

$50.3M

Previous: $35.2M+43.0%
Cash & Equivalents

$217M

Previous: $91.4M+137.5%
Total Assets

$6.18B

Previous: $3.64B+69.9%
Stock-Based Comp

$629K

Previous: $52K+1109.6%

Revenue & EPS history

FBRT · Revenue · Quarterly

$50.3M

Q3 2022+36.7%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

FBRT's third quarter results highlight the stability of our platform, delivering a stable book value and earnings growth.

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 Q3 2022

Historical avgQ3 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

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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