🟢 Franklin BSP Realty Trust is trading 5.4% up today after Q2 earnings beat and buyback-driven book value gains

Franklin BSP Realty Trust is trading 5.4% up today at $7.78 following the release of its second-quarter financial results.

• The company reported distributable EPS of $0.25, beating the $0.23 consensus estimate and providing full coverage for its $0.20 dividend.
• Book value per share increased to $14.24, bolstered by the strategic repurchase of 1.84 million shares at $8.70, which added $0.11 per share to the total book value.