Scott Kennedy’s mREIT Earnings Series: Assessing Franklin BSP Realty’s And New York Mortgage’s Performance For Q2 2024
Summary
This earnings assessment article reviews FBRT’s and NYMT’s BV and core earnings/core earnings equivalent performance during Q2 2024 and compares results to expectations. Earnings remain a driver to stock performance.
FBRT’s BV slightly underperformed my/our expectations (within range) while its adjusted core earnings/EAD was a modest underperforma…