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Franklin BSP Realty Trust (FBRT)
NYSE:FBRT
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.44Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 0.71%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, making significant strides in loan origination post-interest rate hikes and focusing on high-performing multifamily assets. However, challenges with dividend coverage, non-accrual loans, and office sector exposure remain. Overall, the company is well-positioned financially but faces operational hurdles in specific areas.Company Guidance
During the Franklin BSP Realty Trust fourth quarter 2024 earnings call, the company provided guidance highlighting several key metrics and developments. In 2024, FBRT originated $2 billion in new loan commitments, with $441 million in the fourth quarter, and 52% of the portfolio now consists of loans originated after interest rate hikes. The portfolio ended the year flat compared to 2023, with a principal balance of $5.0 billion, offset by $1.6 billion in repayments. The company's liquidity stood at $535 million, including $184 million in unrestricted cash, and the portfolio's risk rating averaged 2.3. Despite not achieving dividend coverage this quarter, FBRT is optimistic about future earnings potential, targeting improvements through active management of legacy loans and strategic originations. The watchlist at year-end comprised 3.8% of the portfolio, which is expected to decrease with recent asset sales. Distributable earnings for the year were $0.92 per diluted common share, affected by non-accrual loans and REO positions.Strong Loan Origination Post-Interest Rate Hikes
FBRT originated $2 billion in new loan commitments in 2024, with $441 million in the fourth quarter. 52% of the portfolio consists of loans originated post-interest rate hikes, considered the most attractive in years.
Multifamily Focus and Success
Multifamily loans make up 71% of the portfolio. The company originated $441 million in new loan commitments during the quarter, primarily in the multifamily sector, which comprised 68% of activity.
Significant REO Sales and Reduction
The REO portfolio saw a decline by approximately $63 million through asset sales in Q4, with an additional sale after quarter end for $63.8 million. The REO portfolio is expected to contribute an additional $0.25 to $0.30 to distributable earnings annually once resolved.
High Liquidity Position
FBRT ended the year with $535 million in liquidity, including $184 million in unrestricted cash, providing strategic investment opportunities.
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FBRT Earnings History
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
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FBRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $12.64 | $12.86 | +1.74% |
| Nov 04, 2024 | $12.24 | $12.26 | +0.16% |
| Jul 31, 2024 | $12.73 | $11.64 | -8.56% |
| Apr 29, 2024 | $11.36 | $11.17 | -1.67% |
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.
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FAQ
When does Franklin BSP Realty Trust (FBRT) report earnings?
Franklin BSP Realty Trust (FBRT) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Franklin BSP Realty Trust (FBRT) earnings time?
Franklin BSP Realty Trust (FBRT) earnings time is at Apr 30, 2025, TBA Not 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 (Q1) is 0.29.
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