Picture of Franklin Bsp Realty Trust logo

FBRT — Franklin Bsp Realty Trust News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedMid CapNeutral

Franklin BSP Realty Trust Q2 adjusted EPS misses estimates

Overview

Franklin BSP Realty Trust Q2 adjusted EPS missed analyst expectations, per LSEG data

Distributable earnings rose to $29 mln from a loss in prior qtr

Co completed acquisition of NewPoint Holdings

Result Drivers

CORE PORTFOLIO - Principal balance of $4.5 bln with focus on senior mortgage loans and multifamily properties

LOAN ACTIVITY - Closed $60.8 mln of new loan commitments and funded $90.6 mln in principal balance, with $316.8 mln in loan repayments

NEWPOINT ACQUISITION - Completed acquisition of NewPoint Holdings for $428.2 mln, expected to contribute to future growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$8.34 mln
Q2 Adjusted EPSMiss$0.27$0.29 (5 Analysts)
Q2 EPS$0.19
Q2 Net Income$24.38 mln
Q2 Net Interest Income$40.96 mln
Q2 Loan Loss Provision$1.49 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "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 $15.00, about 31.9% above its July 29 closing price of $10.22 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nBw7LFQ27a (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.)

Recent news on Franklin Bsp Realty Trust

See all news