Franklin BSP Realty Trust’s Positive Earnings Call Highlights
Franklin BSP Realty Trust, Inc. (FBRT) reported a positive earnings call, highlighting the successful acquisition of NewPoint, which contributed $9.3 million to distributable earnings. The company ended the quarter with $522 million in liquidity and resumed share repurchases, buying back 540,000 shares. Despite challenges like dividend undercoverage and a slight decline in core portfolio size, FBRT anticipates growth, aiming for a core portfolio of at least $5 billion. Overall, the earnings call reflected optimism for future financial performance.
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