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Franklin BSP Realty Trust (FBRT)
NYSE:FBRT
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.29Last Year’s EPS
$0.39Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -2.16%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call showcased strong origination and repayment activities, reduced office exposure, and a robust liquidity position. However, concerns persist with negative distributable earnings, challenges in the office sector, and increased foreclosure REO positions. Despite these issues, the management expressed confidence in the company's long-term earnings potential and dividend sustainability.Company Guidance
During the Franklin BSP Realty Trust Third Quarter 2024 Earnings Conference Call, key guidance metrics were outlined, reflecting the company's strategic focus and financial health. The company reported $1.6 billion in new loan commitments year-to-date, with $510 million in loan repayments received during the third quarter alone. The current loan portfolio, valued at $5.2 billion, consists of 157 loans with a significant 74% concentration in multifamily assets. The company highlighted its robust liquidity, boasting $1.1 billion in available funds, supported by a recent $1 billion CRE CLO issuance. Additionally, FBRT's office exposure has been reduced to a mere 4% of the portfolio. The management expressed confidence in the quality of new loans, with 40% of the portfolio originated post-January 2023, reflecting attractive spreads and low loan-to-value ratios. The ongoing strategy involves addressing legacy challenges, with significant progress on reducing watchlist loans and managing REO properties, anticipating a positive outlook as market conditions stabilize.Robust Origination and Repayment Activity
Over $1.6 billion of new loan commitments year-to-date and $510 million in the third quarter alone. Approximately 40% of the portfolio was originated after January 2023.
Reduced Office Exposure
Office exposure is now only 4% of the portfolio, down from $147 million or 2.6%, with two full payoffs in office loans for $40 million this quarter.
Strong Liquidity Position
Liquidity position is robust with $1.1 billion available, strengthened by a $1 billion CLO issuance.
Conduit Platform Performance
The conduit platform contributed significantly to performance, acting as a valuable hedge against core balance sheet losses.
Improvement in Loan Risk Ratings
Reduced watch list loans from 7 to 3, with 154 out of 157 positions risk-rated 2 or 3, and an overall risk rating of 2.2.
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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 |
|---|---|---|---|
| Nov 04, 2024 | $12.95 | $12.97 | +0.15% |
| Jul 31, 2024 | $13.47 | $12.32 | -8.54% |
| Apr 29, 2024 | $12.02 | $11.82 | -1.66% |
| Feb 14, 2024 | $11.37 | $12.08 | +6.24% |
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 Feb 19, 2025, TBA Not Confirmed.
What is Franklin BSP Realty Trust (FBRT) earnings time?
Franklin BSP Realty Trust (FBRT) earnings time is at Feb 19, 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 2024 (Q4) is $0.29.
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