Franklin BSP Realty Trust, Inc. (FBRT) Misses Q1 EPS by 1c

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Go back to Franklin BSP Realty Trust, Inc. (FBRT) Misses Q1 EPS by 1c

Franklin BSP Realty Trust, Inc. Announces First Quarter 2022 Results

May 4, 2022 5:31 PM EDT

NEW YORK--(BUSINESS WIRE)-- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (FBRT or the Company) today announced financial results for the quarter ended March 31, 2022.

Reported GAAP net income (loss) of $(22.5) million or $(0.99) per diluted share for the three months ended March 31, 2022 compared to $(72.9) million or $(2.31) per diluted share for the three months ended December 31, 2021. Fully converted(1) GAAP net income (loss) of $(22.5) million or $(0.30) per diluted share for the three months ended March 31, 2022 compared to $(72.9) million or $(0.93) per diluted share for the three months ended December 31, 2021.

Reported Distributable Earnings before trading and derivative gain/loss on... More