NYSE$FBRT
Franklin BSP Realty Trust Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Franklin BSP Realty Trust, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024.
Franklin BSP Realty Trust, Inc. reported a GAAP net income of $30.2 million and diluted EPS of $0.29 for the fourth quarter of 2024. The company closed $441 million in new loan commitments and funded $476 million in principal balance, while receiving $641 million in loan repayments. Distributable Earnings were $31.2 million, or $0.30 per diluted common share.
- GAAP net income for Q4 2024 was $30.2 million, with diluted EPS of $0.29.
- Distributable Earnings for Q4 2024 were $31.2 million, or $0.30 per diluted common share.
- The company closed $441 million of new loan commitments and funded $476 million of principal balance in Q4 2024.
- Book value per diluted common share on a fully converted basis was $15.19 as of December 31, 2024.
Headline financials
Revenue & EPS history
FBRT · Revenue · Quarterly
$210M
Forward guidance
The company anticipates continued active management of its legacy loan portfolio and expects its proactive approach to lead to enhanced earnings power. They also plan to continue their share repurchase program.
Tailwinds
- Continued active management of legacy loan portfolio to enhance earnings power.
- Share repurchase program remains available, extending through December 31, 2025.
- Successful sale of foreclosed multifamily properties above debt basis.
- Origination of new loan commitments at competitive spreads.
- High percentage of portfolio in senior mortgage and floating rate loans, indicating stability.
Headwinds
- GAAP net income and Distributable Earnings decreased compared to the prior year.
- Allowance for credit losses increased incrementally during the quarter.
- Four loans on watch list, with three rated as risk five and one as risk four.
- Macroeconomic factors such as inflation and changing interest rates could impact future results.
- Potential for non-recoverable credit or property impairment losses to impact Distributable Earnings upon realization.
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 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
| 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% | |
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