Franklin BSP Realty Trust reports Q3 distributable EPS (10c), consensus 34c

Reports Q3 revenue $49.67M, consensus $52.5M. Richard Byrne, Chairman and Chief Executive Officer of FBRT, said, “FBRT has originated over $1.6 billion in total commitments year-to-date in 2024. These new loans are some of the most attractive in our portfolio. We continue to make rapid progress turning over our book into loans underwritten at current cap rates. In all, 40% of our book has been underwritten since January 2023.”