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Stock Comparison

FBRT vs BXMT vs RC vs GPMT vs TRTX

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
FBRT
Franklin BSP Realty Trust, Inc.

REIT - Mortgage

Real EstateNYSE • US
Market Cap$696M
5Y Perf.-44.9%
BXMT
Blackstone Mortgage Trust, Inc.

REIT - Mortgage

Real EstateNYSE • US
Market Cap$3.23B
5Y Perf.-41.8%
RC
Ready Capital Corporation

REIT - Mortgage

Real EstateNYSE • US
Market Cap$357M
5Y Perf.-86.0%
GPMT
Granite Point Mortgage Trust Inc.

REIT - Mortgage

Real EstateNYSE • US
Market Cap$74M
5Y Perf.-88.4%
TRTX
TPG RE Finance Trust, Inc.

REIT - Mortgage

Real EstateNYSE • US
Market Cap$656M
5Y Perf.-35.0%

FBRT vs BXMT vs RC vs GPMT vs TRTX — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
FBRT logoFBRT
BXMT logoBXMT
RC logoRC
GPMT logoGPMT
TRTX logoTRTX
IndustryREIT - MortgageREIT - MortgageREIT - MortgageREIT - MortgageREIT - Mortgage
Market Cap$696M$3.23B$357M$74M$656M
Revenue (TTM)$401M$1.54B$499M$132M$264M
Net Income (TTM)$72M$104M$-229M$-40M$61M
Gross Margin59.9%62.6%-0.0%47.3%78.5%
Operating Margin36.9%58.3%-50.5%-4.3%51.0%
Forward P/E8.9x12.0x8.1x
Total Debt$4.25B$16.16B$5.86B$1.17B$3.29B
Cash & Equiv.$167M$453M$248M$66M$88M

FBRT vs BXMT vs RC vs GPMT vs TRTXLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

FBRT
BXMT
RC
GPMT
TRTX
StockOct 21May 26Return
Franklin BSP Realty… (FBRT)10055.1-44.9%
Blackstone Mortgage… (BXMT)10058.2-41.8%
Ready Capital Corpo… (RC)10014.0-86.0%
Granite Point Mortg… (GPMT)10011.6-88.4%
TPG RE Finance Trus… (TRTX)10065.0-35.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: FBRT vs BXMT vs RC vs GPMT vs TRTX

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: TRTX leads in 4 of 7 categories (5-stock set), making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Ready Capital Corporation is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. FBRT also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
FBRT
Franklin BSP Realty Trust, Inc.
The Real Estate Income Play

FBRT ranks third and is worth considering specifically for income & stability and sleep-well-at-night.

  • Dividend streak 0 yrs, beta 0.74, yield 18.7%
  • Lower volatility, beta 0.74, current ratio 18.43x
  • Beta 0.74, yield 18.7%, current ratio 18.43x
  • Beta 0.74 vs GPMT's 1.44
Best for: income & stability and sleep-well-at-night
BXMT
Blackstone Mortgage Trust, Inc.
The Real Estate Income Play

BXMT is the clearest fit if your priority is long-term compounding.

  • 50.5% 10Y total return vs TRTX's -1.9%
Best for: long-term compounding
RC
Ready Capital Corporation
The Real Estate Income Play

RC is the #2 pick in this set and the best alternative if growth and dividends is your priority.

  • 17.3% FFO/revenue growth vs FBRT's -100.0%
  • 31.4% yield, vs TRTX's 13.5%
Best for: growth and dividends
GPMT
Granite Point Mortgage Trust Inc.
The Real Estate Income Play

GPMT is the clearest fit if your priority is growth exposure.

  • Rev growth 187.8%, EPS growth 73.7%, 3Y rev CAGR 22.9%
Best for: growth exposure
TRTX
TPG RE Finance Trust, Inc.
The Real Estate Income Play

TRTX carries the broadest edge in this set and is the clearest fit for value and quality.

  • Better valuation composite
  • 23.2% margin vs RC's -45.8%
  • +25.7% vs RC's -44.9%
  • 1.4% ROA vs RC's -2.6%, ROIC 4.7% vs 1.2%
Best for: value and quality
See the full category breakdown
CategoryWinnerWhy
GrowthRC logoRC17.3% FFO/revenue growth vs FBRT's -100.0%
ValueTRTX logoTRTXBetter valuation composite
Quality / MarginsTRTX logoTRTX23.2% margin vs RC's -45.8%
Stability / SafetyFBRT logoFBRTBeta 0.74 vs GPMT's 1.44
DividendsRC logoRC31.4% yield, vs TRTX's 13.5%
Momentum (1Y)TRTX logoTRTX+25.7% vs RC's -44.9%
Efficiency (ROA)TRTX logoTRTX1.4% ROA vs RC's -2.6%, ROIC 4.7% vs 1.2%

FBRT vs BXMT vs RC vs GPMT vs TRTX — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

FBRTFranklin BSP Realty Trust, Inc.
FY 2025
Real Estate Owned
50.9%$30M
Agency Business
49.1%$29M
BXMTBlackstone Mortgage Trust, Inc.

Segment breakdown not available.

RCReady Capital Corporation

Segment breakdown not available.

GPMTGranite Point Mortgage Trust Inc.

Segment breakdown not available.

TRTXTPG RE Finance Trust, Inc.

Segment breakdown not available.

FBRT vs BXMT vs RC vs GPMT vs TRTX — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLTRTXLAGGINGGPMT

Income & Cash Flow (Last 12 Months)

TRTX leads this category, winning 3 of 6 comparable metrics.

BXMT is the larger business by revenue, generating $1.5B annually — 11.7x GPMT's $132M. TRTX is the more profitable business, keeping 23.2% of every revenue dollar as net income compared to RC's -45.8%. On growth, RC holds the edge at +8.7% YoY revenue growth, suggesting stronger near-term business momentum.

MetricFBRT logoFBRTFranklin BSP Real…BXMT logoBXMTBlackstone Mortga…RC logoRCReady Capital Cor…GPMT logoGPMTGranite Point Mor…TRTX logoTRTXTPG RE Finance Tr…
RevenueTrailing 12 months$401M$1.5B$499M$132M$264M
EBITDAEarnings before interest/tax$159M$948M-$249M-$8M$144M
Net IncomeAfter-tax profit$72M$104M-$229M-$40M$61M
Free Cash FlowCash after capex$121M$335M$303M$463,000$96M
Gross MarginGross profit ÷ Revenue+59.9%+62.6%-0.0%+47.3%+78.5%
Operating MarginEBIT ÷ Revenue+36.9%+58.3%-50.5%-4.3%+51.0%
Net MarginNet income ÷ Revenue+17.9%+6.7%-45.8%-30.5%+23.2%
FCF MarginFCF ÷ Revenue+30.3%+21.8%+60.6%+0.4%+36.4%
Rev. Growth (YoY)Latest quarter vs prior year+4.0%+8.7%+157.8%-4.4%
EPS Growth (YoY)Latest quarter vs prior year-65.0%+24.9%+40.9%+58.3%
TRTX leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

Evenly matched — GPMT and TRTX each lead in 2 of 6 comparable metrics.

At 14.1x trailing earnings, FBRT trades at a 53% valuation discount to BXMT's 29.9x P/E. On an enterprise value basis, TRTX's 15.1x EV/EBITDA is more attractive than FBRT's 49.0x.

MetricFBRT logoFBRTFranklin BSP Real…BXMT logoBXMTBlackstone Mortga…RC logoRCReady Capital Cor…GPMT logoGPMTGranite Point Mor…TRTX logoTRTXTPG RE Finance Tr…
Market CapShares × price$696M$3.2B$357M$74M$656M
Enterprise ValueMkt cap + debt − cash$4.8B$18.9B$6.0B$1.2B$3.9B
Trailing P/EPrice ÷ TTM EPS14.13x29.92x-1.50x-1.34x14.89x
Forward P/EPrice ÷ next-FY EPS est.8.93x11.98x8.09x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple48.98x16.35x48.25x20.75x15.10x
Price / SalesMarket cap ÷ Revenue2.12x0.71x0.51x1.97x
Price / BookPrice ÷ Book value/share0.51x0.93x0.22x0.13x0.63x
Price / FCFMarket cap ÷ FCF2.38x11.71x27.85x7.26x
Evenly matched — GPMT and TRTX each lead in 2 of 6 comparable metrics.

Profitability & Efficiency

TRTX leads this category, winning 5 of 9 comparable metrics.

TRTX delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-12 for RC. GPMT carries lower financial leverage with a 2.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXMT's 4.61x. On the Piotroski fundamental quality scale (0–9), FBRT scores 6/9 vs RC's 5/9, reflecting solid financial health.

MetricFBRT logoFBRTFranklin BSP Real…BXMT logoBXMTBlackstone Mortga…RC logoRCReady Capital Cor…GPMT logoGPMTGranite Point Mor…TRTX logoTRTXTPG RE Finance Tr…
ROE (TTM)Return on equity+4.7%+2.9%-12.2%-7.1%+5.7%
ROA (TTM)Return on assets+1.2%+0.5%-2.6%-2.3%+1.4%
ROICReturn on invested capital+1.2%+4.3%+1.2%+2.6%+4.7%
ROCEReturn on capital employed+1.5%+11.3%+1.4%+4.6%+7.1%
Piotroski ScoreFundamental quality 0–966566
Debt / EquityFinancial leverage2.78x4.61x3.55x2.12x3.08x
Net DebtTotal debt minus cash$4.1B$15.7B$5.6B$1.1B$3.2B
Cash & Equiv.Liquid assets$167M$453M$248M$66M$88M
Total DebtShort + long-term debt$4.3B$16.2B$5.9B$1.2B$3.3B
Interest CoverageEBIT ÷ Interest expense1.11x0.41x0.58x1.32x
TRTX leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

TRTX leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in TRTX five years ago would be worth $10,145 today (with dividends reinvested), compared to $3,472 for GPMT. Over the past 12 months, TRTX leads with a +25.7% total return vs RC's -44.9%. The 3-year compound annual growth rate (CAGR) favors TRTX at 26.7% vs RC's -23.1% — a key indicator of consistent wealth creation.

MetricFBRT logoFBRTFranklin BSP Real…BXMT logoBXMTBlackstone Mortga…RC logoRCReady Capital Cor…GPMT logoGPMTGranite Point Mor…TRTX logoTRTXTPG RE Finance Tr…
YTD ReturnYear-to-date-8.6%+0.7%+1.4%-32.5%-1.0%
1-Year ReturnPast 12 months-7.0%+12.1%-44.9%-19.7%+25.7%
3-Year ReturnCumulative with dividends+2.3%+48.1%-54.4%-34.3%+103.4%
5-Year ReturnCumulative with dividends-11.1%-4.1%-44.4%-65.3%+1.4%
10-Year ReturnCumulative with dividends-11.1%+50.5%+6.1%-50.0%-1.9%
CAGR (3Y)Annualised 3-year return+0.8%+14.0%-23.1%-13.1%+26.7%
TRTX leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — FBRT and BXMT each lead in 1 of 2 comparable metrics.

FBRT is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than GPMT's 1.44 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BXMT currently trades 92.6% from its 52-week high vs RC's 45.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricFBRT logoFBRTFranklin BSP Real…BXMT logoBXMTBlackstone Mortga…RC logoRCReady Capital Cor…GPMT logoGPMTGranite Point Mor…TRTX logoTRTXTPG RE Finance Tr…
Beta (5Y)Sensitivity to S&P 5000.74x0.74x1.17x1.44x0.78x
52-Week HighHighest price in past year$11.84$20.67$4.75$3.12$9.85
52-Week LowLowest price in past year$8.24$17.67$1.51$1.24$7.44
% of 52W HighCurrent price vs 52-week peak+76.4%+92.6%+45.5%+49.7%+86.2%
RSI (14)Momentum oscillator 0–10055.347.564.149.460.6
Avg Volume (50D)Average daily shares traded918K1.4M2.1M154K655K
Evenly matched — FBRT and BXMT each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — RC and TRTX each lead in 1 of 2 comparable metrics.

Analyst consensus: FBRT as "Buy", BXMT as "Hold", RC as "Buy", GPMT as "Hold", TRTX as "Buy". Consensus price targets imply 69.6% upside for FBRT (target: $15) vs 15.7% for RC (target: $3). For income investors, RC offers the higher dividend yield at 31.37% vs BXMT's 9.86%.

MetricFBRT logoFBRTFranklin BSP Real…BXMT logoBXMTBlackstone Mortga…RC logoRCReady Capital Cor…GPMT logoGPMTGranite Point Mor…TRTX logoTRTXTPG RE Finance Tr…
Analyst RatingConsensus buy/hold/sellBuyHoldBuyHoldBuy
Price TargetConsensus 12-month target$15.33$2.50$2.50$10.00
# AnalystsCovering analysts418161211
Dividend YieldAnnual dividend ÷ price+18.7%+9.9%+31.4%+14.0%+13.5%
Dividend StreakConsecutive years of raises00002
Dividend / ShareAnnual DPS$1.69$1.89$0.68$0.22$1.15
Buyback YieldShare repurchases ÷ mkt cap+2.1%+3.4%+18.9%+7.6%+3.9%
Evenly matched — RC and TRTX each lead in 1 of 2 comparable metrics.
Key Takeaway

TRTX leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 3 categories are tied.

Best OverallTPG RE Finance Trust, Inc. (TRTX)Leads 3 of 6 categories
Loading custom metrics...

FBRT vs BXMT vs RC vs GPMT vs TRTX: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is FBRT or BXMT or RC or GPMT or TRTX a better buy right now?

For growth investors, Ready Capital Corporation (RC) is the stronger pick with 1726% revenue growth year-over-year, versus -100.

0% for Franklin BSP Realty Trust, Inc. (FBRT). Franklin BSP Realty Trust, Inc. (FBRT) offers the better valuation at 14. 1x trailing P/E (8. 9x forward), making it the more compelling value choice. Analysts rate Franklin BSP Realty Trust, Inc. (FBRT) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — FBRT or BXMT or RC or GPMT or TRTX?

On trailing P/E, Franklin BSP Realty Trust, Inc.

(FBRT) is the cheapest at 14. 1x versus Blackstone Mortgage Trust, Inc. at 29. 9x. On forward P/E, TPG RE Finance Trust, Inc. is actually cheaper at 8. 1x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — FBRT or BXMT or RC or GPMT or TRTX?

Over the past 5 years, TPG RE Finance Trust, Inc.

(TRTX) delivered a total return of +1. 4%, compared to -65. 3% for Granite Point Mortgage Trust Inc. (GPMT). Over 10 years, the gap is even starker: BXMT returned +50. 5% versus GPMT's -50. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — FBRT or BXMT or RC or GPMT or TRTX?

By beta (market sensitivity over 5 years), Franklin BSP Realty Trust, Inc.

(FBRT) is the lower-risk stock at 0. 74β versus Granite Point Mortgage Trust Inc. 's 1. 44β — meaning GPMT is approximately 96% more volatile than FBRT relative to the S&P 500. On balance sheet safety, Granite Point Mortgage Trust Inc. (GPMT) carries a lower debt/equity ratio of 2% versus 5% for Blackstone Mortgage Trust, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — FBRT or BXMT or RC or GPMT or TRTX?

By revenue growth (latest reported year), Ready Capital Corporation (RC) is pulling ahead at 1726% versus -100.

0% for Franklin BSP Realty Trust, Inc. (FBRT). On earnings-per-share growth, the picture is similar: Blackstone Mortgage Trust, Inc. grew EPS 154. 7% year-over-year, compared to -26. 0% for TPG RE Finance Trust, Inc.. Over a 3-year CAGR, GPMT leads at 22. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — FBRT or BXMT or RC or GPMT or TRTX?

TPG RE Finance Trust, Inc.

(TRTX) is the more profitable company, earning 18. 1% net margin versus -45. 8% for Ready Capital Corporation — meaning it keeps 18. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRTX leads at 73. 0% versus 24. 2% for RC. At the gross margin level — before operating expenses — RC leads at 87. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is FBRT or BXMT or RC or GPMT or TRTX more undervalued right now?

On forward earnings alone, TPG RE Finance Trust, Inc.

(TRTX) trades at 8. 1x forward P/E versus 12. 0x for Blackstone Mortgage Trust, Inc. — 3. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FBRT: 69. 6% to $15. 33.

08

Which pays a better dividend — FBRT or BXMT or RC or GPMT or TRTX?

All stocks in this comparison pay dividends.

Ready Capital Corporation (RC) offers the highest yield at 31. 4%, versus 9. 9% for Blackstone Mortgage Trust, Inc. (BXMT).

09

Is FBRT or BXMT or RC or GPMT or TRTX better for a retirement portfolio?

For long-horizon retirement investors, Blackstone Mortgage Trust, Inc.

(BXMT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 9. 9% yield). Both have compounded well over 10 years (BXMT: +50. 5%, GPMT: -50. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between FBRT and BXMT and RC and GPMT and TRTX?

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: FBRT is a small-cap deep-value stock; BXMT is a small-cap income-oriented stock; RC is a small-cap high-growth stock; GPMT is a small-cap high-growth stock; TRTX is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.

Stocks Like

FBRT

Income & Dividend Stock

  • Sector: Real Estate
  • Market Cap > $100B
  • Net Margin > 10%
  • Dividend Yield > 7.4%
Run This Screen
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BXMT

Income & Dividend Stock

  • Sector: Real Estate
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 3.9%
Run This Screen
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RC

High-Growth Disruptor

  • Sector: Real Estate
  • Market Cap > $100B
  • Revenue Growth > 436%
  • Dividend Yield > 12.5%
Run This Screen
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GPMT

High-Growth Disruptor

  • Sector: Real Estate
  • Market Cap > $100B
  • Revenue Growth > 78%
  • Gross Margin > 28%
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TRTX

Dividend Mega-Cap Quality

  • Sector: Real Estate
  • Market Cap > $100B
  • Net Margin > 13%
  • Dividend Yield > 5.4%
Run This Screen
Custom Screen

Beat Both

Find stocks that outperform FBRT and BXMT and RC and GPMT and TRTX on the metrics below

Revenue Growth>
%
(FBRT: -100.0% · BXMT: 4.0%)
Net Margin>
%
(FBRT: 17.9% · BXMT: 6.7%)
P/E Ratio<
x
(FBRT: 14.1x · BXMT: 29.9x)

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