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Complete financial analysis of Franklin BSP Realty Trust, Inc. (FBRT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Franklin BSP Realty Trust, Inc., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Franklin BSP Realty Trust, Inc. (FBRT)
About Franklin BSP Realty Trust, Inc.
Franklin BSP Realty Trust, Inc., a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt secured by properties located in the United States. The company also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment. In addition, it invests in commercial real estate debt investments, which includes first mortgage loans, mezzanine loans, bridge loans, and other loans related to commercial real estate. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Benefit Street Partners Realty Trust, Inc. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 230.79M | 367.36M | 221.65M | 184.17M | 198.47M | 152.29M | 89.56M | 79.40M | 59.39M | 12.70M | 743.00K | 0.00 |
| Cost of Revenue | 339.42M | 165.71M | 60.84M | 70.21M | 93.22M | 70.00M | 32.36M | 23.17M | 12.27M | 4.39M | 0.00 | 0.00 |
| Gross Profit | -108.63M | 201.65M | 160.81M | 113.96M | 105.25M | 82.29M | 57.21M | 56.24M | 47.13M | 8.31M | 743.00K | 0.00 |
| Gross Profit Ratio | -47.07% | 54.89% | 72.55% | 61.88% | 53.03% | 54.03% | 63.87% | 70.82% | 79.34% | 65.46% | 100.00% | 0.00% |
| Research & Development | 0.00 | 0.04 | 0.13 | 0.29 | 0.38 | 0.32 | 0.36 | 0.39 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 34.47M | 64.17M | 47.42M | 39.26M | 44.22M | 32.06M | 21.48M | 19.35M | 12.61M | 1.65M | 71.00K | 96.00K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27.28K | 15.88K | 0.00 |
| SG&A | 34.47M | 64.17M | 47.42M | 39.26M | 44.22M | 32.06M | 21.48M | 19.35M | 12.61M | 1.68M | 86.88K | 96.00K |
| Other Expenses | 0.00 | 41.52M | -3.09M | 15.53M | 3.51M | -4.89M | -3.84M | -2.34M | -1.35M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 230.10M | 105.69M | 44.33M | 54.79M | 47.73M | 35.43M | 20.77M | 20.64M | 12.93M | 2.69M | 641.00K | 96.00K |
| Cost & Expenses | 121.66M | 271.40M | 105.17M | 125.00M | 140.95M | 105.43M | 53.13M | 43.81M | 25.20M | 7.08M | 641.00K | 96.00K |
| Interest Income | 552.51M | 357.71M | 216.89M | 179.87M | 195.30M | 152.29M | 89.56M | 79.40M | 59.39M | 15.47M | 775.06M | 0.00 |
| Interest Expense | 305.58M | 165.71M | 60.84M | 66.56M | 90.42M | 70.00M | 32.36M | 23.17M | 12.27M | 2.20M | 32.31M | 0.00 |
| Depreciation & Amortization | 7.13M | 129.98M | 41.61M | 63.52M | 53.17M | 42.38M | 28.57M | 24.03M | 7.92M | -5.51M | -102.00K | 96.00K |
| EBITDA | 163.18M | 106.55M | 167.07M | 64.58M | 58.02M | 46.86M | 36.44M | 35.60M | 34.20M | 2.31M | 31.98K | 0.00 |
| EBITDA Ratio | 70.70% | 15.71% | 75.38% | 35.06% | 11.77% | 23.59% | 39.12% | 48.94% | 70.90% | 0.88% | 13,683.18% | 0.00% |
| Operating Income | 154.77M | 52.31M | 164.96M | 62.35M | 22.85M | 46.86M | 36.44M | 35.60M | 34.20M | 5.51M | 102.00K | -96.00K |
| Operating Income Ratio | 67.06% | 14.24% | 74.43% | 33.85% | 11.51% | 30.77% | 40.68% | 44.83% | 57.57% | 43.40% | 13.73% | 0.00% |
| Total Other Income/Expenses | -13.01M | -4.37M | -149.14M | -6.49M | 38.17M | 86.98M | 5.06M | -5.61M | -12.27M | 112.00K | 101.56M | 0.00 |
| Income Before Tax | 141.75M | 13.82M | 29.30M | 52.68M | 88.41M | 52.90M | 34.00M | 29.99M | 24.93M | 5.62M | 102.00K | -96.00K |
| Income Before Tax Ratio | 61.42% | 3.76% | 13.22% | 28.61% | 44.54% | 34.74% | 37.97% | 37.77% | 41.98% | 44.28% | 13.73% | 0.00% |
| Income Tax Expense | -2.76M | -399.00K | 3.60M | -2.06M | 4.48M | 79.00K | 225.00K | 54.76M | 0.00 | 209.00K | 101.67M | 0.00 |
| Net Income | 145.22M | 14.43M | 25.70M | 54.75M | 83.92M | 52.83M | 33.78M | 29.99M | 24.93M | 5.42M | 102.00K | -96.00K |
| Net Income Ratio | 62.92% | 3.93% | 11.60% | 29.73% | 42.29% | 34.69% | 37.71% | 37.77% | 41.98% | 42.64% | 13.73% | 0.00% |
| EPS | 1.44 | -0.38 | -0.18 | 0.91 | 1.52 | 1.19 | 0.76 | 0.67 | 0.56 | 0.75 | 0.19 | 0.00 |
| EPS Diluted | 1.44 | -0.38 | -0.18 | 0.91 | 1.52 | 1.19 | 0.76 | 0.67 | 0.56 | 0.75 | 0.19 | 0.00 |
| Weighted Avg Shares Out | 82.31M | 71.63M | 43.42M | 43.95M | 43.95M | 44.49M | 44.49M | 44.49M | 44.49M | 7.23M | 536.84K | 0.00 |
| Weighted Avg Shares Out (Dil) | 82.31M | 71.63M | 43.42M | 43.95M | 43.95M | 44.49M | 44.49M | 44.49M | 44.49M | 7.23M | 530.10K | 0.00 |
Franklin BSP Realty Trust, Inc. to Participate in Raymond James' Non-Bank Lenders Symposium
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) announced today that it will participate in the Raymond James Non-Bank Lenders Symposium on Thursday, January 4, 2024. FBRT will host one-on-one meetings and Michael Comparato, President...
Franklin BSP Realty Trust, Inc. (FBRT) Q3 2023 Earnings Call Transcript
Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Lindsey Crabbe - Director, IR Richard Byrne - Chairman & CEO Jerome Baglien - CFO, COO & Treasurer Michael Comparato...
Franklin BSP (FBRT) Surpasses Q3 Earnings and Revenue Estimates
Franklin BSP (FBRT) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.33 per share a year ago.
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2023. Reported GAAP net income of $31.0 million, or $0.30 per diluted common share for the three...
Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2023 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 third quarter 2023 results on Monday, October 30, 2023, after the close of trading on the New York Stock Exchange....
Franklin BSP Realty Trust, Inc. Announces Closing of Approximately $900 Million CLO
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2023-FL10, an approximately $900 million managed Commercial Real Estate Collateralized Loan Obligation (“FL10 CRE CLO”). This was FBRT's tenth CLO completed...
Franklin BSP Realty Is Benefiting From Higher Short-Term Interest Rates
Franklin BSP Realty Trust is a REIT that manages a diversified portfolio of commercial real estate debt investments. FBRT has a well-diversified portfolio of senior floating rate loans, a conservative balance sheet, and strong sponsorship and management. The fund has...
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2023 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a third quarter 2023 dividend of $0.355 per common share. The dividend is payable on or about October 10,...
Franklin BSP Realty Trust, Inc. Announces Closing of a $80 Million Loan on the Alexan Waterloo, a Luxury High-Rise Multifamily Property
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $80 million loan facilitating the refinancing of the Alexan Waterloo (“the Alexan”), a 272-unit, 30-story, 2021-vintage luxury high-rise multifamily property located...
Franklin BSP Realty Trust, Inc. (FBRT) Q2 2023 Earnings Call Transcript
Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Lindsey Crabbe - Director, IR Richard Byrne - Chairman & CEO Jerome Baglien - CFO, COO & Treasurer Michael Comparato...
Source: https://incomestatements.info
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