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 16 quarters(56%)
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
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———
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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