Overview

* Franklin BSP Realty Trust ( FBRT ) Q2 adjusted EPS missed analyst expectations, per LSEG data

* Distributable earnings rose to $29 mln from a loss in prior qtr

* Co completed acquisition of NewPoint Holdings

Result Drivers

* CORE PORTFOLIO - Principal balance of $4.5 bln with focus on senior mortgage loans and multifamily properties

* LOAN ACTIVITY - Closed $60.8 mln of new loan commitments and funded $90.6 mln in principal balance, with $316.8 mln in loan repayments

* NEWPOINT ACQUISITION - Completed acquisition of NewPoint Holdings for $428.2 mln, expected to contribute to future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $8.34

Revenue mln

Q2 Miss $0.27 $0.29 (5

Adjusted Analysts

EPS )

Q2 EPS $0.19

Q2 Net $24.38

Income mln

Q2 Net $40.96

Interest mln

Income

Q2 Loan $1.49

Loss mln

Provisio

n

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Franklin BSP Realty Trust Inc ( FBRT ) is $15.00, about 31.9% above its July 29 closing price of $10.22

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)