BlackRock Floating Rate Income Trust Past Earnings Performance
Past criteria checks 2/6
BlackRock Floating Rate Income Trust has been growing earnings at an average annual rate of 3.3%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 3.9% per year. BlackRock Floating Rate Income Trust's return on equity is 13.6%, and it has net margins of 109.3%.
Key information
3.3%
Earnings growth rate
12.7%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 3.9% |
| Return on equity | 13.6% |
| Net Margin | 109.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
BGT: A Very Good Floater CEF That Should Perform Well For Longer Than Market Thinks
Feb 22BGT: The Glory Days For Floaters May Be Ending
Dec 02BGT: A Golden Standard Leveraged Loan CEF, 11.7% Yield
Oct 21BGT: A Year Later, The Buy Case For Floaters Persists
Aug 17BGT: Amortizing 'Return Of Principal' Loan Fund
Jul 10BlackRock Floating Rate Income Trust declares $0.0781 dividend
Feb 13BlackRock Floating Rate Income Trust declares $0.0781 dividend
Jan 06FRA And BGT: Distribution Boosts And Wide Discounts
Oct 28BlackRock Floating Rate Income Trust raises monthly dividend by 20.7% to $0.0781 share
Oct 06BlackRock Floating Rate Income Trust declares $0.0647 dividend
Sep 02BGT: Floating Rate Debt Continues To Serve As A Hedge Against Rising Rates
Aug 08BlackRock Floating Rate Income Trust declares $0.0647 dividend
Aug 02BlackRock Floating Rate Income Trust declares $0.0647 dividend
Jul 05BGT: Value Re-Appears In This Floating Rate CEF
Apr 28BGT: Near-Term Outlook More Modest Now
Dec 15BGT: I See Merit To Buying Floaters
Aug 27BlackRock Floating Rate Income Trust declares $0.0647 dividend
May 07BlackRock Floating Rate Income Trust declares $0.0647 dividend
Dec 21BlackRock Floating Rate Income Trust declares $0.0764 dividend
Nov 03Revenue & Expenses BreakdownBeta
How BlackRock Floating Rate Income Trust makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 36 | 39 | 3 | 0 |
| 30 Sep 23 | 34 | 38 | 3 | 0 |
| 30 Jun 23 | 32 | 37 | 3 | 0 |
| 31 Mar 23 | 28 | 16 | 3 | 0 |
| 31 Dec 22 | 25 | -6 | 3 | 0 |
| 30 Sep 22 | 22 | -11 | 3 | 0 |
| 30 Jun 22 | 20 | -16 | 4 | 0 |
| 31 Mar 22 | 20 | 1 | 4 | 0 |
| 31 Dec 21 | 19 | 18 | 4 | 0 |
| 30 Sep 21 | 19 | 30 | 4 | 0 |
| 30 Jun 21 | 19 | 41 | 4 | 0 |
| 31 Mar 21 | 20 | 22 | 3 | 0 |
| 31 Dec 20 | 20 | 3 | 3 | 0 |
| 31 Dec 19 | 24 | 52 | 4 | 0 |
| 31 Oct 19 | 26 | 9 | 4 | 0 |
| 31 Jul 19 | 27 | 11 | 4 | 0 |
| 30 Apr 19 | 27 | 12 | 4 | 0 |
| 31 Jan 19 | 26 | 13 | 4 | 0 |
| 31 Oct 18 | 26 | 13 | 4 | 0 |
| 31 Jul 18 | 25 | 14 | 4 | 0 |
| 30 Apr 18 | 24 | 15 | 4 | 0 |
| 31 Jan 18 | 24 | 18 | 4 | 0 |
| 31 Oct 17 | 24 | 20 | 4 | 0 |
| 31 Jul 17 | 24 | 24 | 4 | 0 |
| 30 Apr 17 | 24 | 29 | 4 | 0 |
| 31 Jan 17 | 23 | 25 | 4 | 0 |
| 31 Oct 16 | 23 | 22 | 4 | 0 |
| 31 Jul 16 | 23 | 12 | 4 | 0 |
| 30 Apr 16 | 23 | 3 | 4 | 0 |
| 31 Jan 16 | 23 | 6 | 4 | 0 |
| 31 Oct 15 | 24 | 10 | 4 | 0 |
| 31 Jul 15 | 24 | 13 | 4 | 0 |
| 30 Apr 15 | 25 | 16 | 4 | 0 |
| 31 Jan 15 | 25 | 15 | 4 | 0 |
| 31 Oct 14 | 25 | 15 | 4 | 0 |
| 31 Jul 14 | 26 | 17 | 4 | 0 |
| 30 Apr 14 | 26 | 20 | 4 | 0 |
| 31 Jan 14 | 27 | 26 | 4 | 0 |
| 31 Oct 13 | 28 | 31 | 4 | 0 |
| 31 Jul 13 | 28 | 35 | 4 | 0 |
Quality Earnings: BGT has a large one-off gain of $11.5M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: BGT became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BGT's earnings have grown by 3.3% per year over the past 5 years.
Accelerating Growth: BGT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BGT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: BGT's Return on Equity (13.6%) is considered low.