Franklin BSP Realty Trust, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 04:15 pm EST
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Franklin BSP Realty Trust, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the quarter, the company reported net income was USD 30 million compared to USD 27.2 million a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.25 a year ago.
For the full year, the company reported sales was USD 17.02 million compared to USD 9.66 million a year ago. Net income was USD 145.22 million compared to USD 14.43 million a year ago. Basic earnings per share from continuing operations was USD 1.42 compared to basic loss per share from continuing operations of USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 1.42 compared to diluted loss per share from continuing operations of USD 0.38 a year ago.
Franklin BSP Realty Trust, Inc. is a real estate finance company. The Company primarily originates, acquires, and manages a diversified portfolio of commercial real estate debt investments secured by properties located within and outside the United States. Its investment objective is to provide its common shareholders attractive, risk-adjusted returns through a stable dividend and capital growth. It operates through four segments: the real estate debt business, the real estate securities business, the conduit business, and the real estate-owned business. The Company invests in commercial real estate debt investments, which include first mortgage loans, subordinated mortgage loans, mezzanine loans and participations in such loans. The Company also originates conduit loans that intend to sell through its taxable REIT subsidiary (TRS) into commercial mortgage-backed securities securitization transactions. The investment advisor of the Company is Benefit Street Partners L.L.C.
FRANKLIN BSP REALTY TRUST, INC. 
