Asset Management ChallengesThe company saw several REO additions in 3Q, particularly in multifamily properties, which could signal ongoing challenges in asset management.
Dividend CoverageFBRT failed to cover its dividend for the second consecutive quarter, raising concerns about financial stability.
Financial PerformanceFBRT reported fourth-quarter GAAP EPS of $0.29 and distributable EPS of $0.30, which did not fully cover the $0.355 per share quarterly dividend.