Franklin BSP Realty Trust Inc

Franklin BSP Realty Trust, Inc. operates as a real estate finance company. The firm originates, acquires and manages a diversified portfolio of commercial real estate debt investments secured by properties located within and outside the United States. It operates through the following segments: Real Estate Debt, Real Estate Securities, Commercial Conduit and Real Estate Owned Business. The Real Estate Debt business focuses on originating, acquiring and asset managing commercial real estate debt investments, including first mortgage loans, subordinate mortgages, mezzanine loans and participations in such loans. The Real Estate Securities business focuses on investing in and asset managing commercial real estate securities primarily consisting of CMBS and may include unsecured REIT debt, CDO notes and other securities. The Commercial Conduit business focuses on originating and subsequently selling fixed-rate commercial real estate loans into the CMBS securitization market. The Real Estate Owned business represents real estate acquired by the company through foreclosure, deed in lieu of foreclosure, or purchase. The company was founded on November 15, 2012 and is headquartered in New York, NY.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

FBRT reports robust Q1 earnings, eyes construction lending opportunities

FBRT's Q1 2023 performance reflects strong financial results, strategic portfolio improvements, and a focus on multifamily loans and borrower relationships.
The company's strengths lie in its liquidity position, proactive portfolio management, and commitment to enhancing shareholder value through buybacks and earnings protection.
Challenges include market constraints, rising interest rates, and competition from banks, while opportunities in construction lending and borrower resolutions offer avenues for growth.
Overall, FBRT's balanced approach to risk management, focus on growth opportunities, and financial stability position it well to navigate market challenges and drive future success.

FBRT reports 50% surge in Q2 earnings, eyes high-yield opportunities

FBRT's strong Q2 performance was driven by earnings growth, maintaining liquidity, and strategic capital deployment. Despite challenges with asset watch lists and REO properties, the company's focus on high-quality deals and ample cash position positions it well for seizing market opportunities. By balancing loan modifications and maintaining a strong return on equity focus, FBRT aims to navigate market dynamics effectively.

FBRT reports strong Q3 results amidst market challenges and opportunities

FBRT delivered solid financial performance in Q3 2023, supported by a robust loan portfolio and strategic liquidity management.
While facing challenges in the multifamily market, the company's proactive approach to loan modifications and credit management is commendable.
FBRT's focus on multifamily and hospitality sectors, along with its strong liquidity position, positions it well for future growth and resilience.

Franklin BSP Realty Trust Inc reports robust Q4 performance and eyes growth opportunities through acquisitions and dividends

FBRT's Q4 earnings call showcased strong performance, competitive strengths in deal flow, and growth opportunities through acquisitions and dividend adjustments. Challenges include CECL reserves impacting earnings and a competitive market landscape.

FBRT excels in Q1 earnings, navigates challenges for growth

FBRT's Q1 performance reflects financial strength and proactive risk management strategies. The company's core portfolio growth and successful conduit program underscore operational resilience. Challenges in CECL reserves and nonperforming loans require strategic attention, while opportunities in CLOs and construction loans pave the way for future growth.

FBRT reports strong loan commitments and liquidity amidst market challenges

FBRT's performance in new loan commitments and liquidity position remains strong, while challenges in legacy loans persist.
The company is proactively addressing REO assets and market conditions, with a focus on profitability and strategic management.
Opportunities in the multifamily sector and high-quality post-rate hike loans present avenues for growth and asset optimization.
Overall, FBRT's Q3 earnings call highlights a mix of performance, strengths, challenges, and opportunities in the current market landscape.

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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 Realty Trust, Inc. (FBRT) Q3 2024 Earnings Call Transcript

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.

Franklin BSP (FBRT) Reports Q3 Loss, Lags Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2024. Reported GAAP net income (loss) of $30.2 million for the three months ended September 30, 2024, compared to $(3.8) million for the three months ended June 30, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $0.30 for the three months ended September 30, 2024, compared to $(0.11) for the three mon.

Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Results

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We've got three shares where big yields are offset by one flaw or another. I recently closed out my position in one of these shares for a gain of more than 40%. Great choice about 17 months ago. Not as great today. I'll include an alternative from my portfolio that still offers an attractive yield for investors.

3 Shares Yielding Over 9%

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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) today announced that it will release its third quarter 2024 results on Monday, November 4, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, November 5, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are.

Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) today announced the closing of BSPRT 2024-FL11 (“FL11”), a $1.024 billion managed Commercial Real Estate Collateralized Loan Obligation. FL11 features a 36-month reinvestment period and includes a $100 million, all multifamily 180-day ramp-up acquisition period. The transaction has an initial advance rate of 86.5% and a weighted average interest rate of 1M CME Term SOFR+1.99% before accounting for discount and transaction c.

Franklin BSP Realty Trust, Inc. Announces Closing of a $1.024 Billion CRE CLO

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a third quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about October 10, 2024 to common stockholders of record as of September 30, 2024. The Board of Directors also declared a third quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT'.

Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

Franklin BSP Realty Trust's profitability is better represented by core profitability than GAAP net income, with recent market valuation becoming more optimistic. Returns on invested capital have declined, but management has historically created value despite economic losses in 2022. Free cash flow generation has been poor, but the firm is currently undervalued, with a margin of safety for investors to consider investing.

Franklin BSP Realty Trust May Be Close To Overvaluation

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Dividends need to be sustained to create value. We're highlighting a company that regularly falls short. I made some mistakes many years ago and I want to address them so we can all learn from them.

Bashing Big Yielders

Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q2 2024 Earnings Conference Call August 1, 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 – JonesTrading Stephen Laws - Raymond James Thomas Catherwood - BTIG Chris Muller - Citizens JMP Matthew Howlett - B. Riley Operator Good day and welcome to the Franklin BSP Realty Trust Second Quarter 2024 Earnings Call.

Franklin BSP Realty Trust, Inc. (FBRT) Q2 2024 Earnings Call Transcript

Franklin BSP (FBRT) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.66 per share a year ago.

Franklin BSP (FBRT) Q2 Earnings and Revenues Miss Estimates

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended June 30, 2024. Reported GAAP net income (loss) of $(3.8) million for the three months ended June 30, 2024, compared to $35.8 million for the three months ended March 31, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $(0.11) for the three months ended June 30, 2024, compared to $0.35 for the three months ended Marc.

Franklin BSP Realty Trust, Inc. Announces Second Quarter 2024 Results

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This is a head-to-head battle between two of the high yielders. Both are at least over 12%. This is a lesson in evaluating similar shares for differences in valuation. The emphasis here is on the change in valuation. These shares should have similar valuations, but they don't.

12%+ Dividend Yields Duel

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Franklin BSP Realty Trust is undervalued at 7.7x FWD earnings and .81x book value, with a strong focus on multi-family loans. The company's portfolio is well-diversified with mainly floating rate loans, high coupons, and low duration, providing resilience to interest rate changes. Earnings continue to grow steadily, with a strong liquidity position enabling the company to originate loans and potentially increase book value per share.

Franklin BSP Realty Is On The Offensive

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its second quarter 2024 results on Wednesday, July 31, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, August 1, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtr.

Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

Management tried to keep the dividend down. They have the cash to pay out. These shares ranked ahead of the common shares. We've invested in these shares before. Now we're doing it again. Except this time, we're putting even more money in.

12% Dividend Yield Sure Beats 8%

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a second quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about July 10, 2024 to common stockholders of record as of June 28, 2024. The Board of Directors also declared a second quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT's Boar.

Franklin BSP Realty Trust, Inc. Announces Second Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

We spotted a new baby bond that was particularly appealing. A discount to face value drove yields higher. When we consider these high-yielding investments, it's important to carefully compare them with other opportunities. We'll do that here. We closed out one of our other high-yielding positions to lock in a substantial gain.

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NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $125 million floating-rate senior loan facilitating the refinancing of a 2023 vintage, 414-unit multifamily property with 18,000 square feet of ground floor retail centrally located in downtown Stamford, CT. Inclusive of this loan, FBRT has committed to $408 million of loan originations to date in the second quarter and $999 million year-to-date. FBRT's loan has a t.

Franklin BSP Realty Trust, Inc. Announces Closing of $125 Million Loan on a 414-Unit Multifamily Property

News for Franklin BSP Realty Trust Inc Stock (FBRT)