FBRT Q3 2024 Earnings Call Transcript
FBRT reported GAAP earnings per diluted share of $0.30 for Q3 2024, but distributable earnings were negative $0.10 due to realized losses of $36.4 million from the Walgreens REO portfolio. The company originated $380 million in new loans, primarily in multifamily properties, and saw $510 million in loan repayments during the quarter.
Tickers: $FBRT
Topics: Earnings Per Share Loan Commitments Portfolio Composition Realized Losses