Latest news with #FranklinBSPRealtyTrust
Yahoo
01-08-2025
- Business
- Yahoo
Franklin BSP Realty Trust Inc (FBRT) Q2 2025 Earnings Call Highlights: Strategic Growth Amid ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Franklin BSP Realty Trust Inc (NYSE:FBRT) successfully originated $61 million in new loan commitments, primarily in multi-family assets, indicating strategic growth in a key sector. The company received $317 million in loan repayments across four different property types, showcasing strong cash flow and repayment trends. FBRT's portfolio of post-interest rate hike loan originations was 56% at quarter end, demonstrating proactive market engagement. The acquisition of New Point is expected to significantly enhance FBRT's platform, particularly in multi-family lending, and provide synergies that increase the addressable market. FBRT's economic returns, defined as change in book value plus dividends paid, were 6.6% and 11.9% over the past 12 and 24 months, respectively, placing them at the top of their peer group. Negative Points FBRT's stock continues to trade at a steep discount to book value, indicating potential market concerns about asset quality and dividend coverage. The company's average risk rating at quarter end was 2.3%, with some loans on the watch list, reflecting ongoing risk management challenges. There is a significant focus on addressing legacy portfolio concerns, particularly in the office sector, which may impact future performance. The market is experiencing tighter spreads compared to a year ago, which could affect FBRT's profitability on new originations. FBRT's liquidity position, while strong, is contingent on successful CLO calls and reinvestment strategies, which carry inherent execution risks. Q & A Highlights Warning! GuruFocus has detected 7 Warning Signs with FBRT. Q: Have you resumed originations since the closing of New Point, and what is the ideal portfolio size to get back to dividend coverage? A: Yes, we have resumed originations, starting slowly but expected to grow quarter over quarter. We aim for a core portfolio size of around $5 billion to maximize dividend coverage. (Mike Camporado, President, and Jerry Bagmanan, CFO & COO) Q: What are you seeing in terms of spreads compared to a year ago? A: Spreads are meaningfully tighter, about 100 to 125 basis points tighter on multi-family loans compared to a year ago, and 25 to 50 basis points tighter than 60 to 90 days ago. (Mike Camporado, President) Q: How will the calling of CLOs affect your leverage and liquidity? A: Calling CLOs will allow us to re-lever assets, freeing up cash for more originations. We aim to reset leverage to around 75% advance rates, which will help achieve our core portfolio target. (Jerry Bagmanan, CFO & COO) Q: Can you expand on the pro forma numbers for New Point and how they relate to your guidance? A: Pro forma numbers will be out soon and should help in modeling the forward-looking combined business. They will provide guidance on volume numbers and expected results. (Jerry Bagmanan, CFO & COO) Q: What impact would a GSE privatization scenario have on your business? A: A GSE privatization would likely have minimal impact. The federal government aims to maintain liquidity in the housing sector, ensuring it remains the lowest cost of capital in commercial real estate. (Mike Camporado, President) Q: How does the current market for bridge loans compare to 2021-2022? A: The current market is more rational, with higher quality assets and better credit metrics. We are focusing on high-quality, newer multi-family assets rather than older, transitional properties. (Mike Camporado, President) Q: What does New Point need to ramp up origination activity? A: New Point needs a larger sourcing network and more infrastructure. We are expanding our net across the country and adding people to drive volume. (Mike Camporado, President) Q: What will finally spark a sustained recovery in investment sales? A: There may not be a specific catalyst; it will likely be a gradual acceptance phase where investors and regulators push for marking loans appropriately. (Mike Camporado, President) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
30-07-2025
- Business
- San Francisco Chronicle
Franklin BSP: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Franklin BSP Realty Trust, Inc. (FBRT) on Wednesday reported net income of $23.2 million in its second quarter. On a per-share basis, the New York-based company said it had profit of 19 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 27 cents per share. The real estate investment trust posted revenue of $49.3 million in the period.
Yahoo
29-07-2025
- Business
- Yahoo
Franklin BSP Realty Trust (FBRT) To Report Earnings Tomorrow: Here Is What To Expect
Commercial real estate lender Franklin BSP Realty Trust (NYSE:FBRT) will be announcing earnings results this Wednesday after the bell. Here's what investors should know. Franklin BSP Realty Trust missed analysts' revenue expectations by 6% last quarter, reporting revenues of $52.01 million, up 1.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EPS estimates. Is Franklin BSP Realty Trust a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Franklin BSP Realty Trust's revenue to grow 198% year on year to $55.77 million, a reversal from the 70.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.30 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at Franklin BSP Realty Trust's peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PennyMac Financial Services's revenues decreased 7.1% year on year, missing analysts' expectations by 19.8%, and Two Harbors Investment reported a revenue decline of 109%, falling short of estimates by 109%. PennyMac Financial Services traded down 7.5% following the results. Read our full analysis of PennyMac Financial Services's results here and Two Harbors Investment's results here. There has been positive sentiment among investors in the thrifts & mortgage finance segment, with share prices up 4.1% on average over the last month. Franklin BSP Realty Trust is down 1.8% during the same time and is heading into earnings with an average analyst price target of $15.20 (compared to the current share price of $10.50). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
09-07-2025
- Business
- Yahoo
Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2025 Earnings Release and Conference Call
NEW YORK, July 09, 2025--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) ("FBRT" or the "Company") today announced that it will release its second quarter 2025 results on Wednesday, July 30, 2025, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, July 31, 2025, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at Participants are encouraged to pre-register for the call and webcast at If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166 (Domestic) or (412) 317-5795 (International). Ask to join the Franklin BSP Realty Trust conference call. Participants should call in at least five minutes prior to the start of the call. The call will also be accessible via live webcast at Please allow extra time prior to the call to download and install audio software, if needed. A slide presentation containing supplemental information may also be accessed through the Company's website in advance of the call. An audio replay of the live broadcast will be available approximately one hour after the end of the conference call on FBRT's website. The replay will be available for 90 days. About Franklin BSP Realty Trust, Inc. Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. As of March 31, 2025, FBRT had approximately $5.7 billion of assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc. For further information, please visit View source version on Contacts Investor Relations Contact:Lindsey (214) 874-2339 Sign in to access your portfolio
Business Wire
09-07-2025
- Business
- Business Wire
Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2025 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) ('FBRT' or the 'Company') today announced that it will release its second quarter 2025 results on Wednesday, July 30, 2025, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, July 31, 2025, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at Participants are encouraged to pre-register for the call and webcast at If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166 (Domestic) or (412) 317-5795 (International). Ask to join the Franklin BSP Realty Trust conference call. Participants should call in at least five minutes prior to the start of the call. The call will also be accessible via live webcast at Please allow extra time prior to the call to download and install audio software, if needed. A slide presentation containing supplemental information may also be accessed through the Company's website in advance of the call. An audio replay of the live broadcast will be available approximately one hour after the end of the conference call on FBRT's website. The replay will be available for 90 days. About Franklin BSP Realty Trust, Inc. Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. As of March 31, 2025, FBRT had approximately $5.7 billion of assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc. For further information, please visit https://
