NEW YORK (AP) — NEW YORK (AP) — Franklin BSP Realty Trust, Inc. (FBRT) on Thursday reported profit of $30.5 million in its fourth quarter.
On a per-share basis, the New York-based company said it had profit of 29 cents. Earnings, adjusted for one-time gains and costs, were 30 cents per share.
The real estate investment trust posted revenue of $55.9 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $49.3 million.
For the year, the company reported profit of $95.9 million, or 82 cents per share. Revenue was reported as $210.5 million.
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