Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
19 October 2021Website:
http://www.fbrtreit.comNext earnings report:
14 February 2025Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Tue, 12 Nov 2024 23:54:34 GMTAnalysts recommendations
Institutional Ownership
FBRT Latest News
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.
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'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.
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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 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.
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 (FBRT) reported earnings of $0.41 per share for the quarter, falling short of the Zacks Consensus Estimate of $0.42 per share. This is lower than the $0.44 per share earnings reported in the same quarter last year.
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its first quarter 2024 results on Monday, April 29, 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, April 30, 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.
Franklin BSP Realty has dropped to trade at an 18% discount to its book value per share of $15.77 at the end of its fiscal 2023 fourth quarter. The company currently offers a 10.8% dividend yield that is 110% covered by distributable EPS. Credit quality remains healthy with six assets placed on watchlist during the fourth quarter.
What type of business is Franklin BSP Realty Trust?
Franklin BSP Realty Trust, Inc., a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt investments secured by properties located in the United States. The company originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment. It also invests in commercial real estate debt investments, which includes first mortgage loans, mezzanine loans, bridge loans, and other loans related to commercial real estate. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
What sector is Franklin BSP Realty Trust in?
Franklin BSP Realty Trust is in the Real Estate sector
What industry is Franklin BSP Realty Trust in?
Franklin BSP Realty Trust is in the Mortgage industry
What country is Franklin BSP Realty Trust from?
Franklin BSP Realty Trust is headquartered in United States
When did Franklin BSP Realty Trust go public?
Franklin BSP Realty Trust initial public offering (IPO) was on 19 October 2021
What is Franklin BSP Realty Trust website?
https://www.fbrtreit.com
Is Franklin BSP Realty Trust in the S&P 500?
No, Franklin BSP Realty Trust is not included in the S&P 500 index
Is Franklin BSP Realty Trust in the NASDAQ 100?
No, Franklin BSP Realty Trust is not included in the NASDAQ 100 index
Is Franklin BSP Realty Trust in the Dow Jones?
No, Franklin BSP Realty Trust is not included in the Dow Jones index
When was Franklin BSP Realty Trust the previous earnings report?
No data
When does Franklin BSP Realty Trust earnings report?
The next expected earnings date for Franklin BSP Realty Trust is 14 February 2025