8-K Announcements
6Apr 29, 2026·SEC
Apr 20, 2026·SEC
Feb 11, 2026·SEC
Franklin BSP Realty Trust, Inc. (FBRT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Franklin BSP Realty Trust, Inc. (FBRT) stock price & volume — 10-year historical chart
Franklin BSP Realty Trust, Inc. (FBRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Franklin BSP Realty Trust, Inc. (FBRT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.09vs $0.22-59.1% | $74Mvs $73M+1.8% |
| Q1 2026 | Feb 11, 2026 | $0.12vs $0.26-53.8% | $81Mvs $94M-13.4% |
| Q4 2025 | Oct 29, 2025 | $0.22vs $0.29-25.4% | $90Mvs $81M+10.0% |
| Q3 2025 | Jul 30, 2025 | $0.27vs $0.31-12.9% | $120Mvs $81M+46.8% |
Franklin BSP Realty Trust, Inc. (FBRT) competitors in Commercial mortgage loan REITs — business model, growth, and fundamentals comparison
Franklin BSP Realty Trust, Inc. (FBRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Franklin BSP Realty Trust, Inc. (FBRT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 89.56M | 152.29M | 198.47M | 184.17M | 221.65M | 367.36M | 569.53M | 548.92M | 0 | 401.09M |
| Revenue Growth % | 12.8% | 70.03% | 30.32% | -7.2% | 20.35% | 65.74% | 55.03% | -3.62% | -100% | -1.64% |
| Property Operating Expenses | 32.36M | 70M | 93.22M | 70.21M | 60.84M | 165.71M | 305.58M | 338.47M | 0 | 160.78M |
| Net Operating Income (NOI) | 57.2M▲ 0% | 82.29M▲ 43.8% | 105.25M▲ 27.9% | 113.96M▲ 8.3% | 160.81M▲ 41.1% | 201.65M▲ 25.4% | 263.95M▲ 30.9% | 210.45M▼ 20.3% | 0▼ 100.0% | 320.42M▲ 0% |
| NOI Margin % | 63.87% | 54.03% | 53.03% | 61.88% | 72.55% | 54.89% | 46.35% | 38.34% | - | 79.89% |
| Operating Expenses | 20.77M | 35.43M | 47.73M | 54.79M | 44.33M | 105.69M | 109.18M | 50.17M | -87.97M | 92.47M |
| G&A Expenses | 21.48M | 32.06M | 44.22M | 39.26M | 47.42M | 64.17M | 68.32M | 58.35M | 129.91M | 153.24M |
| EBITDA | 65.01M | 89.24M | 76.02M | 61.4M | 206.57M | 182.29M | 163.18M | 121.04M | 97.56M | 159.48M |
| EBITDA Margin % | 72.58% | 58.6% | 38.3% | 33.34% | 93.2% | 49.62% | 28.65% | 22.05% | - | 39.76% |
| Depreciation & Amortization | 28.57M | 42.38M | 53.17M | 2.23M | 41.61M | 129.98M | 8.41M | 5.63M | 9.59M | 11.63M |
| D&A / Revenue % | 31.9% | 27.83% | 26.79% | 1.21% | 18.77% | 35.38% | 1.48% | 1.03% | - | 2.9% |
| Operating Income | 36.44M▲ 0% | 46.85M▲ 28.6% | 22.85M▼ 51.2% | 59.17M▲ 159.0% | 164.96M▲ 178.8% | 52.31M▼ 68.3% | 154.77M▲ 195.9% | 115.41M▼ 25.4% | 87.97M▼ 23.8% | 147.85M▲ 0% |
| Operating Margin % | 40.68% | 30.77% | 11.51% | 32.13% | 74.43% | 14.24% | 27.17% | 21.03% | - | 36.86% |
| Interest Expense | 32.36M | 70M | 90.42M | 66.56M | 60.84M | 165.71M | 305.58M | 338.47M | 0 | 2M |
| Interest Coverage | 1.13x | 0.67x | 0.64x | 0.89x | 1.99x | 0.61x | 0.51x | 1.28x | - | - |
| Non-Operating Income | -7.5M | -80.94M | -7.27M | 0 | 57.31M | -82.96M | 0 | 0 | 2.95M | 22.15M |
| Pretax Income | 34M▲ 0% | 52.9M▲ 55.6% | 88.41M▲ 67.1% | 52.68M▼ 40.4% | 29.3M▼ 44.4% | 13.82M▼ 52.8% | 141.75M▲ 926.0% | 93.52M▼ 34.0% | 87.97M▼ 5.9% | 76.83M▲ 0% |
| Pretax Margin % | 37.97% | 34.74% | 44.54% | 28.61% | 13.22% | 3.76% | 24.89% | 17.04% | - | 19.16% |
| Income Tax | 225K | 79K | 4.48M | -2.06M | 3.6M | -399K | -2.76M | 1.12M | 3.88M | 4.16M |
| Effective Tax Rate % | 0.66% | 0.15% | 5.07% | -3.91% | 12.28% | -2.89% | -1.94% | 1.2% | 4.42% | 5.41% |
| Net Income | 33.78M▲ 0% | 52.83M▲ 56.4% | 83.92M▲ 58.9% | 54.75M▼ 34.8% | 25.7M▼ 53.1% | 14.43M▼ 43.9% | 145.22M▲ 906.3% | 68.89M▼ 52.6% | 82.27M▲ 19.4% | 71.75M▲ 0% |
| Net Margin % | 37.71% | 34.69% | 42.29% | 29.73% | 11.6% | 3.93% | 25.5% | 12.55% | - | 17.89% |
| Net Income Growth % | 12.63% | 56.38% | 58.87% | -34.77% | -53.05% | -43.85% | 906.27% | -52.56% | 19.43% | 25.82% |
| Funds From Operations (FFO) | 62.35M▲ 0% | 95.21M▲ 52.7% | 137.1M▲ 44.0% | 56.98M▼ 58.4% | 67.31M▲ 18.1% | 144.41M▲ 114.5% | 153.63M▲ 6.4% | 74.52M▼ 51.5% | 91.86M▲ 23.3% | 83.38M▲ 0% |
| FFO Margin % | 69.62% | 62.52% | 69.08% | 30.94% | 30.37% | 39.31% | 26.97% | 13.57% | - | 20.79% |
| FFO Growth % | 15.42% | 52.7% | 44% | -58.44% | 18.14% | 114.53% | 6.38% | -51.5% | 23.28% | 2379.03% |
| FFO per Share | 0.70 | 1.07 | 1.54 | 0.64 | 0.77 | 2.02 | 1.87 | 0.91 | 1.07 | 1.04 |
| FFO Payout Ratio % | 62.27% | 38.81% | 44.21% | 87.38% | 100.95% | 96.54% | 93.96% | 194.47% | 158.47% | 131.14% |
| EPS (Diluted) | 0.76▲ 0% | 1.11▲ 46.1% | 1.50▲ 35.1% | 0.90▼ 40.0% | -0.18▼ 120.0% | -0.38▼ 111.1% | 1.42▲ 473.7% | 0.82▼ 42.3% | 0.64▼ 22.0% | 0.90▲ 0% |
| EPS Growth % | 13.43% | 46.05% | 35.14% | -40% | -120% | -111.11% | 473.68% | -42.25% | -21.95% | -23.88% |
| EPS (Basic) | 0.76 | 1.11 | 1.50 | 0.90 | -0.18 | -0.38 | 1.42 | 0.82 | 0.65 | - |
| Diluted Shares Outstanding | 88.99M | 88.99M | 88.99M | 88.8M | 86.87M | 71.63M | 82.31M | 81.85M | 86.19M | 79.93M |
Franklin BSP Realty Trust, Inc. (FBRT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.58B | 2.61B | 3.54B | 3.19B | 9.47B | 6.2B | 5.96B | 6B | 6.06B | 6.3B |
| Asset Growth % | 26.88% | 64.56% | 35.86% | -9.91% | 197.03% | -34.52% | -4% | 0.79% | 0.91% | 0.32% |
| Real Estate & Other Assets | -1.58B | -2.61B | 44.33M | 37.59M | 106.15M | 180.48M | 238.7M | 353.58M | 354.57M | 347.35M |
| PP&E (Net) | 0 | 0 | 5.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 1.58B | 2.58B | 3.09B | 2.97B | 9.32B | 5.75B | 5.43B | 5.39B | 5.04B | 5.24B |
| Cash & Equivalents | 83.71M | 191.39M | 87.25M | 82.07M | 154.93M | 179.31M | 337.6M | 184.44M | 167.29M | 115.6M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 3.99M | 0 | 16.55M | 1.53M | 56.44M | 11.17M | 6.09M | 12.42M | 17.89M | 20.84M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39.83M | 327.77M | 324.9M |
| Total Liabilities | 973.32M | 1.87B | 2.72B | 2.39B | 7.76B | 4.63B | 4.37B | 4.48B | 4.53B | 4.82B |
| Total Debt | 956.57M | 1.71B | 2.49B | 2.15B | 7.57B | 4.45B | 4.18B | 4.31B | 4.25B | 4.58B |
| Net Debt | 872.86M | 1.52B | 2.4B | 2.07B | 7.42B | 4.27B | 3.85B | 4.13B | 4.08B | 4.46B |
| Long-Term Debt | 851.85M | 1.52B | 2.08B | 1.96B | 3.39B | 4B | 4.01B | 4.08B | 4.06B | 4.37B |
| Short-Term Borrowings | 39.03M | 44.54M | 394.36M | 186.83M | 4.18B | 440.01M | 174.06M | 236.61M | 187.37M | 212.17M |
| Capital Lease Obligations | 0 | 0 | 6.14M | 0 | 0 | 6.43M | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 55.43M | 61.12M | 421.94M | 219.28M | 4.24B | 522.14M | 270.52M | 315.53M | 273.36M | 283.59M |
| Accounts Payable | 4.51M | 4.5M | 10.93M | 5.13M | 12.71M | 17.67M | 13.34M | 14.44M | 18.89M | 20.31M |
| Deferred Revenue | 973.32M | 1.73B | 150K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -784.11M | 296.55M | 210.69M | 209.66M | 128.95M | 94.81M | 89.75M | 90.46M | 189.5M | 169.26M |
| Total Equity | 1.48B▲ 0% | 2.24B▲ 51.7% | 816.8M▼ 63.5% | 798.44M▼ 2.2% | 1.71B▲ 114.3% | 1.58B▼ 7.8% | 1.59B▲ 0.5% | 1.52B▼ 4.2% | 1.53B▲ 0.8% | 1.48B▲ 0% |
| Equity Growth % | 32.5% | 51.71% | -63.5% | -2.25% | 114.34% | -7.77% | 0.5% | -4.17% | 0.75% | -1.31% |
| Shareholders Equity | 610.34M | 733.23M | 816.8M | 798.44M | 1.71B | 1.56B | 1.56B | 1.51B | 1.44B | 1.39B |
| Minority Interest | 864.87M | 1.5B | 0 | 0 | 5.76M | 15.41M | 27.09M | 7.5M | 89.95M | 88.58M |
| Common Stock | 320K | 395K | 441K | 446K | 441K | 826K | 820K | 818K | 808K | 755K |
| Additional Paid-in Capital | 704.1M | 827.56M | 903.31M | 912.73M | 903.26M | 1.6B | 1.6B | 1.6B | 1.59B | 1.55B |
| Retained Earnings | -94.08M | -94.27M | -85.97M | -106.47M | -167.18M | -299.23M | -298.94M | -348.07M | -411.1M | -420.74M |
| Preferred Stock | 0 | 145.79M | 209.11M | 0 | 969.17M | 258.74M | 258.74M | 258.74M | 258.74M | 258.74M |
| Return on Assets (ROA) | 2.39% | 2.52% | 2.73% | 1.63% | 0.41% | 0.18% | 2.39% | 1.15% | 1.36% | 1.19% |
| Return on Equity (ROE) | 2.61% | 2.85% | 5.49% | 6.78% | 2.05% | 0.88% | 9.18% | 4.44% | 5.39% | 4.73% |
| Debt / Assets | 60.4% | 65.58% | 70.2% | 67.38% | 79.91% | 71.7% | 70.24% | 71.85% | 70.17% | 72.69% |
| Debt / Equity | 0.65x | 0.76x | 3.04x | 2.69x | 4.42x | 2.82x | 2.64x | 2.84x | 2.78x | 2.78x |
| Net Debt / EBITDA | 13.43x | 17.01x | 31.54x | 33.66x | 35.90x | 23.42x | 23.56x | 34.11x | 41.85x | 41.85x |
| Book Value per Share | 16.58 | 25.15 | 9.18 | 8.99 | 19.70 | 22.04 | 19.27 | 18.57 | 17.77 | 18.52 |
Franklin BSP Realty Trust, Inc. (FBRT) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 8.35M | 7.1M | 45.37M | 115.33M | 146.5M | 152.51M | 197.39M | 57.23M | 291.94M | 291.94M |
| Operating CF Growth % | -76.15% | -15.03% | 539.18% | 154.21% | 27.02% | 4.11% | 29.42% | -71% | 410.09% | 785.39% |
| Operating CF / Revenue % | 9.33% | 4.66% | 22.86% | 62.62% | 66.09% | 41.52% | 34.66% | 10.43% | - | 72.79% |
| Net Income | 33.78M | 52.83M | 83.92M | 54.75M | 25.7M | 14.21M | 145.22M | 92.4M | 82.27M | 71.75M |
| Depreciation & Amortization | 2.1M | 8.11M | 3.44M | 2.23M | 2.11M | 5.33M | 7.13M | 5.63M | 0 | 4.15M |
| Stock-Based Compensation | 97K | 157K | 156K | 193K | 211K | 2.52M | 4.76M | 8.17M | 9.12M | 9.28M |
| Other Non-Cash Items | -23.53M | -41.82M | -43.85M | 41.75M | 2.79M | 124.95M | 42.56M | -51.61M | 189.66M | 37.97M |
| Working Capital Changes | -1.29M | -8.92M | 5.14M | -2.92M | 102.56M | 5.5M | -2.27M | 2.63M | 10.89M | -1.38M |
| Cash from Investing | -332.76M | -855.81M | -969.24M | 240.69M | 1.07B | 3.1B | 380.81M | -155.47M | 380.81M | -152.25M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 174.08M | 0 | 0 | 0 | 0 | -297.31M |
| Purchase of Investments | -592K | -40.31M | -368.58M | -149.39M | -2.88B | -221.79M | -223.77M | -79.5M | 0 | -679.09M |
| Sale of Investments | 49.89M | 12.46M | 9.37M | 346.2M | 2.06B | 3.73B | 0 | 154.48M | 0 | 152.34M |
| Other Investing | -382.05M | -827.96M | -610.03M | 43.88M | -1.17B | -411.99M | 604.58M | -230.45M | 380.81M | 671.81M |
| Cash from Financing | 290.07M | 961.43M | 828.58M | -373M | -1.14B | -3.23B | -424.99M | -48.58M | -684.43M | -57.1M |
| Dividends Paid | -38.83M | -36.95M | -60.61M | -49.79M | -67.95M | -139.41M | -144.35M | -144.91M | -145.58M | -109.34M |
| Common Dividends | -38.83M | -36.95M | -60.61M | -49.79M | -67.95M | -139.41M | -144.35M | -144.91M | -145.58M | -109.34M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 0 |
| Share Repurchases | -20.55M | -15.09M | -13.81M | -10.26M | -11.42M | -16.58M | -12.51M | -4.87M | -14.37M | -51.8M |
| Other Financing | -11.96M | 0 | 0 | 0 | -9.52M | 64.63M | -3.07M | -17.63M | -9.68M | -129.12M |
| Net Change in Cash | -34.34M▲ 0% | 112.71M▲ 428.2% | -95.3M▼ 184.5% | -16.98M▲ 82.2% | 76.06M▲ 547.9% | 22.29M▼ 70.7% | 153.2M▲ 587.4% | -146.82M▼ 195.8% | -11.68M▲ 92.0% | -87.66M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 118.05M | 91.71M | 204.42M | 109.12M | 92.14M | 168.2M | 190.49M | 343.69M | 196.86M | 185.18M |
| Cash at End | 83.71M | 204.42M | 109.12M | 92.14M | 168.2M | 190.49M | 343.69M | 196.86M | 185.18M | 136.44M |
| Free Cash Flow | 8.35M▲ 0% | 7.1M▼ 15.0% | 45.37M▲ 539.2% | 115.33M▲ 154.2% | 3.03B▲ 2525.4% | 151.85M▼ 95.0% | 197.39M▲ 30.0% | 57.23M▼ 71.0% | 291.94M▲ 410.1% | 121.33M▲ 0% |
| FCF Growth % | -76.15% | -15.03% | 539.18% | 154.21% | 2525.35% | -94.98% | 29.99% | -71% | 410.09% | -24.41% |
| FCF / Revenue % | 9.33% | 4.66% | 22.86% | 62.62% | 1366.09% | 41.34% | 34.66% | 10.43% | - | 30.25% |
Franklin BSP Realty Trust, Inc. (FBRT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 0.7 | 1.07 | 1.54 | 0.64 | 0.77 | 2.02 | 1.87 | 0.91 | 1.07 | 1.04 |
| FFO Payout Ratio | 62.27% | 38.81% | 44.21% | 87.38% | 100.95% | 96.54% | 93.96% | 194.47% | 158.47% | 131.14% |
| NOI Margin | 63.87% | 54.03% | 53.03% | 61.88% | 72.55% | 54.89% | 46.35% | 38.34% | - | 79.89% |
| Net Debt / EBITDA | 13.43x | 17.01x | 31.54x | 33.66x | 35.90x | 23.42x | 23.56x | 34.11x | 41.85x | 41.85x |
| Debt / Assets | 60.4% | 65.58% | 70.2% | 67.38% | 79.91% | 71.7% | 70.24% | 71.85% | 70.17% | 72.69% |
| Interest Coverage | 1.13x | 0.67x | 0.64x | 0.89x | 1.99x | 0.61x | 0.51x | 1.28x | - | - |
| Book Value / Share | 16.58 | 25.15 | 9.18 | 8.99 | 19.7 | 22.04 | 19.27 | 18.57 | 17.77 | 18.52 |
| Revenue Growth | 12.8% | 70.03% | 30.32% | -7.2% | 20.35% | 65.74% | 55.03% | -3.62% | -100% | -1.64% |
Franklin BSP Realty Trust, Inc. (FBRT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Apr 20, 2026·SEC
Feb 11, 2026·SEC
Franklin BSP Realty Trust, Inc. (FBRT) stock FAQ — growth, dividends, profitability & financials explained
Franklin BSP Realty Trust, Inc. (FBRT) reported $401.1M in revenue for fiscal year 2025.
Franklin BSP Realty Trust, Inc. (FBRT) saw revenue decline by 100.0% over the past year.
Yes, Franklin BSP Realty Trust, Inc. (FBRT) is profitable, generating $71.7M in net income for fiscal year 2025 (17.9% net margin).
Yes, Franklin BSP Realty Trust, Inc. (FBRT) pays a dividend with a yield of 18.45%. This makes it attractive for income-focused investors.
Franklin BSP Realty Trust, Inc. (FBRT) has a return on equity (ROE) of 5.4%. This is below average, suggesting room for improvement.
Franklin BSP Realty Trust, Inc. (FBRT) generated Funds From Operations (FFO) of $83.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Franklin BSP Realty Trust, Inc. (FBRT) offers a 18.45% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Franklin BSP Realty Trust, Inc. (FBRT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates