Franklin BSP Realty Trust reports Q3 distributable EPS 43c, consensus 42c

Reports Book value of $15.82 per diluted common share on a fully converted basis, a decrease of $0.03 from the prior quarter. Produced a third quarter GAAP and Distributable Earnings ROE of 7.7% and 10.7%, respectively. Richard Byrne, Chairman and Chief Executive Officer of FBRT, said, “FBRT is generating a double-digit Distributable Earnings ROE while maintaining a substantial liquidity position. We continue to view our asset allocation of nearly 80% multifamily credits as industry-leading, and that allocation should assist us in successfully navigating what are clearly difficult market conditions.”