FBRT Earnings Prediction
The chart below shows how FBRT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FBRT sees a +1.20% change in stock price 10 days leading up to the earnings, and a +1.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.21%. This data can give you a slight idea of what to expect for the next quarter's release.
FBRT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
143.97M
4.28%
3.57%
Gross Margin
--
--
--
Operating Margin
22.80%
-13.67%
1139.13%
Net Margin
20.96%
-6.64%
-873.43%
EPS
0.30
0.00%
-372.73%
No Data Available
FBRT Earnings Analysis
Franklin BSP Realty Trust, Inc. Corporation (FBRT.N) Earnings Conference Call
Positive
Strong GAAP Earnings Performance: FBR reported GAAP earnings of $0.30 per diluted common share this quarter, reflecting a strong performance despite challenges.
New Loan Commitments Growth: The company achieved a total of $1.6 billion in new loan commitments year-to-date, showcasing robust demand in the lending market.
Strengthened Liquidity Position: FBR's liquidity position strengthened to $1.1 billion at the end of the quarter, providing a solid foundation for future growth.
Cost of Debt Management: The average cost of debt on the core portfolio remained relatively flat at SOFR plus 2.03%, indicating effective cost management strategies.
Core Portfolio Stability: FBR's core portfolio consists of $5.2 billion in loans, with 99% being senior mortgages, highlighting the quality and stability of its asset base.
Negative
Earnings Report Summary: FBR reported GAAP earnings of $0.30 per diluted common share this quarter and distributable earnings of a negative $0.10 per diluted common share.
Distributable Earnings Analysis: Distributable earnings excluding realized losses were $0.31 per diluted common share, which excludes $36.4 million of losses realized within the quarter related to our REO Walgreen's portfolio, the majority of which was previously disclosed and recognized through GAAP earnings in second quarter.
Loan Performance Decline: The underlying metrics of most loans originated pre-rate hikes have deteriorated since underwriting as property values have declined and LTVs rose as a result of the dramatic increase in rates.
Office Loan Payoffs: We received two full payoffs in office loans for $40 million in this quarter and our pre-2024 originated traditional multi-tenant office exposure is now only $147 million or 2.6%.
Net Interest Income Decline: Net interest income was slightly lower quarter-over-quarter as our loan portfolio size decreased and REO remained relatively constant.
FBRT FAQs
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FBRT Earning Call Sentiment
Franklin BSP Realty Trust, Inc. (FBRT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FBRT.N
0.19%Positive
The earnings call presents mixed signals. Basic Financial Performance is neutral due to flat GAAP earnings and negative distributable earnings. Product Development and Business Update is neutral with positive conduit performance but risks in REO management. Market Strategy is neutral given the cautious approach to leverage and portfolio growth. Expenses and Financial Health are neutral with stable debt costs but concerns over dividend coverage. Shareholder Return Plan is slightly negative due to paused buybacks and uncovered dividends. The Q&A highlights cautious optimism but lacks clear guidance, resulting in a neutral overall sentiment for a mid-cap stock.