Produced a fourth quarter GAAP and Distributable Earnings ROE of 6.4% and 9.2%, respectively. Reports Q4 book value of $15.78 per diluted common share on a fully converted basis. Richard Byrne, Chairman and CEO of FBRT, said, "FBRT delivered strong fourth quarter results, posting our third consecutive quarter of distributable earnings growth. Our distributable earnings over-covered our fourth quarter dividend despite lower origination volume and a relatively flat portfolio. Importantly, our liquidity position of approximately $1.0 billion coupled with our low leverage of 2.5 times demonstrates our conservative balance sheet and puts us in a position to take advantage of attractive opportunities that may arise."
Published first on TheFly
