Franklin BSP Realty Trust (Franklin BSP Realty Trust) Operating Income : $149.2 Mil (TTM As of Mar. 2024)

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What is Franklin BSP Realty Trust Operating Income?

Franklin BSP Realty Trust's Operating Income for the three months ended in Mar. 2024 was $33.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $149.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Franklin BSP Realty Trust's Operating Income for the three months ended in Mar. 2024 was $33.0 Mil. Franklin BSP Realty Trust's Revenue for the three months ended in Mar. 2024 was $135.3 Mil. Therefore, Franklin BSP Realty Trust's Operating Margin % for the quarter that ended in Mar. 2024 was 24.43%.

Franklin BSP Realty Trust's 5-Year average Growth Rate for Operating Margin % was -0.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Franklin BSP Realty Trust's annualized ROC % for the quarter that ended in Mar. 2024 was 2.30%. Franklin BSP Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

Franklin BSP Realty Trust Operating Income Historical Data

The historical data trend for Franklin BSP Realty Trust's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Franklin BSP Realty Trust Operating Income Chart

Franklin BSP Realty Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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57.51

59.17

121.12

101.14

154.77

Franklin BSP Realty Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															38.66	43.89	41.61	30.61	33.05

Franklin BSP Realty Trust Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $149.2 Mil.

Franklin BSP Realty Trust (NYSE:FBRT) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Franklin BSP Realty Trust's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	132.188 * ( 1 - 2.28% )	/	( (5533.414	+	5704.17)	/ 2 )
=	129.1741136	/	5618.792
=	2.30 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5955.18	-	84.171	-	( 337.595	-	max(0, 270.523	-	5431.118	+	337.595	))
=	5533.414

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	6027.724	-	83.524	-	( 240.03	-	max(0, 290.59	-	5529.095	+	240.03	))
=	5704.17

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Franklin BSP Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	132.188	/	( ( (0 + max(-90.375999999999, 0))	+	(0 + max(-87.728999999999, 0)) )	/	2 )
=	132.188	/	( ( 0	+	0 )	/	2 )
=	132.188	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	6.0920000000006)	-	(84.171	+	0	+	12.297)
=	-90.375999999999

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	8.0920000000006)	-	(83.524	+	0	+	12.297)
=	-87.728999999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Franklin BSP Realty Trust's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	33.047	/	135.27
	=	24.43 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Franklin BSP Realty Trust Operating Income Related Terms

Thank you for viewing the detailed overview of Franklin BSP Realty Trust's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Franklin BSP Realty Trust (Franklin BSP Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Franklin BSP Realty Trust Inc (NYSE:FBRT) » Definitions » Operating Income

Comparable Companies

CIM PMT MFA TWO EFC LADR RWT ARR KREF NYMT NLY STWD AGNC RITM BXMT ABR RC ARI CMTG DX

Traded in Other Exchanges

FBRTpE.PFD:USA 6VH:Germany

Address

1345 Avenue of the Americas, Suite 32A, New York, NY, USA, 10105

Website

https://www.fbrtreit.com

Franklin BSP Realty Trust Inc is a private real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt, and first mortgage loans. secured by properties located in the United States.

Executives

Michael Comparato	officer: President	C/O FRANKLIN BSP REALTY TRUST, INC., 1345 AVENUE OF THE AMERICAS, SUITE 32A, NEW YORK NY 10105
Joe Dumars	director	1400 SCENIC COURT, BLOOMFIELD HILLS MI 48302
Buford H Ortale	director	104 WRAUDMONT BOULEVARD, SUITE 240, NASHVILLE TN 37205
Richard J Byrne	director, officer: Chairman, CEO and President	350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Jerome S. Baglien	officer: CFO, COO and Treasurer	9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Michelle P Goolsby	director	1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Gary Keiser	director	8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Patsy Joseph Augustine	director	8401 N CENTRAL EXPRESSWAY, SUITE 800, DALLAS TX 75225
Jamie Handwerker	director	9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Peter J Mcdonough	director	405 PARK AVENUE, NEW YORK NY 10022
Elizabeth K. Tuppeny	director	C/O AMERICAN REALTY CAPITAL PROPERTIES, 405 PARK AVENUE, NEW YORK NY 10022
Matthew Donnelly	officer: President and COO	405 PARK AVENUE, NEW YORK NY 10022
Donald R Ramon	officer: CFO, Secretary and Treasurer	INVESCO LTD., 1555 PEACHTREE STREET NE, ATLANTA GA 30309
William M Kahane	director	AMERICAN REALTY CAPITAL, 405 PARK AVENUE, NEW YORK NY 10022
Nicholas S Schorsch	director, officer: Chairman of Bd. of Dir. & CEO