Franklin BSP Realty Trust Full Year 2023 Earnings: Misses Expectations
Franklin BSP Realty Trust (NYSE:FBRT) Full Year 2023 Results
Key Financial Results
Revenue: US$230.8m (up 7.7% from FY 2022).
Net income: US$117.1m (up from US$27.3m loss in FY 2022).
Profit margin: 51% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
EPS: US$1.42 (up from US$0.38 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Franklin BSP Realty Trust Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 2.4%.
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 39% growth forecast for the Mortgage REITs industry in the US.
Performance of the American Mortgage REITs industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Franklin BSP Realty Trust you should be aware of, and 2 of them are concerning.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
