Franklin BSP Realty Trust, Inc. (FBRT) reported Q1 EPS of $0.39, $0.01 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $55.09 million versus the...
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. The Company's investment objective is to pay attractive and stable cash distributions to stockholders and to preserve and return stockholders invested capital. It invests in commercial real estate debt investments, which include mortgage loans, subordinated mortgage loans, mezzanine loans and participation in such loans. The Company also originates conduit loans, which the Company intends to sell through its taxable REIT subsidiary (TRS) into commercial mortgage-backed securities (CMBS) securitization transactions. The Company also invests in commercial real estate securities. Benefit Street Partners L.L.C. serves as the Company's advisor.
|Average||16.000 (+34.79% Upside)|
|No. of Analysts||2|