NYSE$FBRT
Franklin BSP Realty Trust Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced financial results for the fourth quarter and full year 2023.
Franklin BSP Realty Trust reported a GAAP net income of $30.0 million for the quarter ended December 31, 2023, compared to $27.2 million for the same period in 2022. Distributable Earnings were $39.3 million, or $0.39 per diluted common share, compared to $38.8 million, or $0.37 per diluted common share, for the same period in 2022. The company closed $231 million of new loan commitments and repurchased 267,968 shares of common stock.
- Produced a fourth quarter GAAP and Distributable Earnings ROE of 7.2% and 9.8%, respectively
- Book value of $15.77 per diluted common share on a fully converted basis
- Closed $231 million of new loan commitments at a weighted average spread of 391 basis points
- Total liquidity of $1.5 billion, which includes $338 million in cash and cash equivalents and $55 million in CLO reinvest available
Headline financials
Revenue & EPS history
FBRT · Revenue · Quarterly
$545M
Forward guidance
The company expects to grow its portfolio and put capital to work at attractive levels in 2024 as the pipeline grows and origination volumes improve.
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 Q4 2023
-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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro