Franklin BSP Realty Trust, Inc. (FBRT) Misses Q2 EPS by 10c

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Go back to Franklin BSP Realty Trust, Inc. (FBRT) Misses Q2 EPS by 10c

Franklin BSP Realty Trust, Inc. Announces Second Quarter 2024 Results

July 31, 2024 4:15 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 June 30, 2024.

Reported GAAP net income (loss) of $(3.8) million for the three months ended June 30, 2024, compared to $35.8 million for the three months ended March 31, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $(0.11) for the three months ended June 30, 2024, compared to $0.35 for the three months ended March 31, 2024.

Reported Distributable Earnings (a non-GAAP financial measure) of $32.4 million, or $0.31 per diluted common share on a fully converted basis(1), for the three months ended June... More