Franklin BSP Realty Trust Inc. (FBRT)
Assessing Franklin BSP Realty's Performance For Q2
FBRT's Q2 results were mostly as expected, with minor BV outperformance but a notable earnings/EAD underperformance due to portfolio shrinkage and lower origination. The NewPoint acquisition is a net positive and should help earnings recover, but the path back to covering the dividend is challenging and will take time. Credit risk remains elevated, with more loans added to the watch list and ongoing caution around commercial real estate and multifamily exposure.
Franklin BSP Realty Trust: Near 14% Dividend Yield As Discount To Book Swells
Franklin BSP Realty Trust trades at a 30% discount to GAAP book value following a sustained year-to-date selloff. The mREIT maintains a stable, double-digit dividend yield of 13.5%, supported by a diversified commercial real estate debt portfolio. FBRT's heavy multifamily loan exposure has shielded it from severe office property distress, though Texas multifamily weakness is a risk.
Franklin BSP (FBRT) Q2 Earnings and Revenues Lag Estimates
Franklin BSP (FBRT) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.31 per share a year ago.
Franklin BSP Realty Trust, Inc. (FBRT) Q1 2025 Earnings Call Transcript
Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET Company Participants Lindsey Crabbe - Investor Relations Richard Byrne - CEO and Chairman Jerome Baglien - Chief Financial Officer and Chief Operating Officer Michael Comparato - President Conference Call Participants Matthew Erdner - Jones Randy Binner - B. Riley Securities Tom Catherwood - BTIG Steve Delaney - Citizens JMP Securities Jason Stewart - Janney Montgomery Scott Operator Good day, and welcome to Franklin BSP Realty Trust First Quarter 2025 Earnings Conference Call.
Franklin BSP (FBRT) Q1 Earnings Top Estimates
Franklin BSP (FBRT) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.41 per share a year ago.
Franklin BSP Realty Trust Preferred: Attractive Income For Yield Investors
Franklin BSP Realty Trust's preferred shares offer a lower risk and attractive yield of 8.73%, making them more appealing than common shares. The company's multifamily lending focus supports solid earnings growth and dividend coverage, supported by high-quality loans with low LTVs and short maturities. The recent acquisition of NewPoint enhances FBRT's multifamily lending capabilities, adding valuable assets and a steady income stream.
Franklin BSP Realty Trust, Inc. (FBRT) Q4 2024 Earnings Call Transcript
Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q4 2024 Earnings Conference Call February 14, 2025 9:00 AM ET Company Participants Lindsey Crabbe - Head of Investor Relations Richard Byrne - CEO and Chairman of the Board Jerome Baglien - Chief Financial Officer and Chief Operating Officer Michael Comparato - President Conference Call Participants Matthew Erdner - Jones Trading Thomas Catherwood - BTIG Randy Binner - B. Riley Financial Stephen Laws - Raymond James Operator Hello and welcome to the Franklin BSP Realty Trust Fourth Quarter 2024 Earnings Conference Call.
Franklin BSP (FBRT) Q4 Earnings Lag Estimates
Franklin BSP (FBRT) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.39 per share a year ago.
Analysts Estimate Franklin BSP (FBRT) to Report a Decline in Earnings: What to Look Out for
Franklin BSP (FBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Franklin BSP Realty Trust Is Trading At A Very Reasonable Premium
Franklin BSP Realty Trust's GAAP net income poorly reflects core profitability; despite pandemic challenges, the firm remains more profitable than pre-pandemic. Franklin's stock is down 2.6% since the last analysis, but its total shareholder return is up 0.1%, outperforming the S&P 500 in the long run. The firm's NOPAT has been rising since 2019, despite a decline in NOPAT margin and ROIC, highlighting ongoing business challenges.
Franklin BSP Realty Trust, Inc. (FBRT) Q3 2024 Earnings Call Transcript
Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Lindsey Crabbe - Director, Investor Relations Richard Byrne - Chairman and Chief Executive Officer Jerry Baglien - Chief Financial Officer and Chief Operating Officer Michael Comparato - President Conference Call Participants Matthew Erdner - Jones Trading Stephen Laws - Raymond James Steven Delaney - Citizens JMP Thomas Catherwood - BTIG. Operator Good day and welcome to the Franklin BSP Realty Trust Third Quarter 2024 Earnings Call.
Franklin BSP (FBRT) Reports Q3 Loss, Lags Revenue Estimates
Franklin BSP (FBRT) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of $0.26. This compares to earnings of $0.43 per share a year ago.
