Franklin BSP Realty Trust Q1 net income falls, credit loss provision weighs

Franklin Bsp Realty Trust

29/04/2026 21:45

Overview

U.S. commercial real estate lender's Q1 net income fell to $12.3 mln, EPS at $0.07

Company repurchased 4.4 mln shares for $39.8 mln, boosting book value per share

Outlook

Company did not provide specific guidance for the current quarter or full year in the press release

Result Drivers

CREDIT LOSS PROVISION - Q1 results were impacted by a $11.4 mln net provision for credit losses

LOAN AND SERVICING ACTIVITY - Co closed $467.9 mln of new loan commitments in core portfolio

Company press release: ID:nBw5TfT9wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.07
Q1 Net Income
$12.3 mln
Q1 Net Interest Income
$27 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Franklin BSP Realty Trust Inc is $12.50, about 36% above its April 28 closing price of $9.19

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)