The earnings call presented a generally positive outlook with several strong achievements, including the successful acquisition of NewPoint, strong loan repayments, and increased liquidity. However, concerns around dividend coverage and market conditions, along with tighter spreads in loan originations, present challenges.

Company Guidance

During the Franklin BSP Realty Trust Second Quarter 2025 earnings call, the company reported key financial metrics and strategic updates. They originated $61 million in new loan commitments and received $317 million in loan repayments. Distributable earnings were $0.27 per fully converted share, while GAAP earnings stood at $0.21 per share. The company's average risk rating was 2.3, with watch list loans representing only 5% of the total portfolio. Post-interest rate hike loan originations accounted for 56% of the portfolio. The NewPoint acquisition, closed on July 1, bolstered liquidity to $501 million. FBRT's economic returns over the past 12 and 24 months were 6.6% and 11.9%, respectively. The company outlined plans to enhance dividend coverage through CLO calls, reinvesting REO equity, and leveraging NewPoint for an expected ROE of 8% or more. The book value per share ended the quarter at $14.82, despite trading at a significant discount.

Successful Closing of NewPoint Acquisition

The acquisition of NewPoint significantly expands FBRT's platform within multifamily lending, bringing synergies such as scaled origination and servicing capabilities, increasing the addressable market, and enhancing income stability.

Positive Loan Repayment Trends

FBRT received $317 million in loan repayments in the second quarter across four property types, indicating a strong position to capitalize on redeployments in the back half of 2025.

Strong Multifamily Asset Sales

FBRT sold three multifamily assets totaling $56 million, above the principal basis at the time of foreclosure, reinforcing their strategy of being selective and patient in managing REO to maximize recoveries.

Improved Liquidity Position

Following the NewPoint acquisition, FBRT's liquidity, excluding cash at closing, stands at $501 million, including $77 million in unrestricted cash.

Strong Economic Returns

FBRT has delivered economic returns (change in book value plus dividends paid) of 6.6% over the past 12 months and 11.9% over the past 24 months, placing it at the top of its peer group.

Franklin BSP Realty Trust (FBRT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FBRT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.28 / -	-0.1	―	―	―
Jul 30, 2025	2025 (Q2)	0.29 / 0.27	0.31	-12.90% (-0.04)
Apr 28, 2025	2025 (Q1)	0.28 / -0.12	0.438	-127.40% (-0.56)
Feb 13, 2025	2024 (Q4)	0.28 / 0.30	0.39	-23.08% (-0.09)
Nov 04, 2024	2024 (Q3)	0.34 / -0.10	0.43	-123.26% (-0.53)
Jul 31, 2024	2024 (Q2)	0.40 / 0.31	0.66	-53.03% (-0.35)
Apr 29, 2024	2024 (Q1)	0.39 / 0.44	0.42	4.29% (+0.02)
Feb 14, 2024	2023 (Q4)	0.40 / 0.39	0.37	5.41% (+0.02)
Oct 30, 2023	2023 (Q3)	0.40 / 0.43	0.33	30.30% (+0.10)
Jul 31, 2023	2023 (Q2)	0.51 / 0.66	0.29	127.59% (+0.37)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FBRT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$10.08	$10.10	+0.20%
Apr 28, 2025	$11.26	$11.22	-0.36%
Feb 13, 2025	$12.24	$12.44	+1.63%
Nov 04, 2024	$11.84	$11.86	+0.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Franklin BSP Realty Trust (FBRT) report earnings?

Franklin BSP Realty Trust (FBRT) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Franklin BSP Realty Trust (FBRT) earnings time?

Franklin BSP Realty Trust (FBRT) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FBRT EPS forecast?

FBRT EPS forecast for the fiscal quarter 2025 (Q3) is 0.28.

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