Franklin BSP Realty Trust Full Year 2024 Earnings: Beats Expectations

Franklin BSP Realty Trust (NYSE:FBRT) Full Year 2024 Results

Key Financial Results

• Revenue: US$174.8m (down 24% from FY 2023).
• Net income: US$68.9m (down 41% from FY 2023).
• Profit margin: 39% (down from 51% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.84 (down from US$1.42 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Franklin BSP Realty Trust Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Mortgage REITs industry in the US.

Performance of the American Mortgage REITs industry.

The company's shares are up 3.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Franklin BSP Realty Trust (1 is potentially serious) you should be aware of.

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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.