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FBRTFranklin BSP Realty Trust, Inc.
$7.75$620M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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FBRT logo

Franklin BSP Realty Trust, Inc.

FBRT
NYSE · Mortgage REITs
$7.75
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$644M
P/E12.1x
52W High$11.35
Volume1.91M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Volatile Earnings Mask Unsustainable Dividend & High Leverage

FBRT's financial profile is characterized by extreme earnings volatility and a structurally challenged balance sheet, with a recent quarterly revenue collapse of 91.9% and a negative NOI margin of -117.1% in Q2 2026. The company's primary risk is the sustainab...

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

FBRT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-29% Peers

P/E is 29% below peer median

03

Market leadership

RS 26 · Lag

Laggard (Underperforming 74% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 29

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FBRT-19.39%
S&P 500 (^GSPC)+13.20%
1-Year Return
FBRT-20.47%
S&P 500 (^GSPC)+15.98%
3-Year Return
FBRT-14.97%
S&P 500 (^GSPC)+79.65%
5-Year Return
FBRT-17.46%
S&P 500 (^GSPC)+77.06%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
11.7x
Forward P/EExpansion
8.6x
EV/EBITDA0th %ile
12.1x
FCF YieldCash Flow
47.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
11.7x
15.3x
33rd· Fair
EV/EBITDA
12.1x
30.4x
0th· Low
Price/FCF
2.1x
5.6x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$556M+1.3% YoY
Net income
$82M+19.4% YoY
Free cash flow
$292M+410.1% YoY
Operating margin
68.4%+47.4 pts YoY
ROIC (TTM)5.1%
Avg ROIC 5Y-
ROE (TTM)5.4%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.25+5.9%
vs $0.24
$65M-19.4%
vs $81M
Q2 2026
Apr 29, 2026
$0.09-59.1%
vs $0.22
$74M+1.8%
vs $73M
Q1 2026
Feb 11, 2026
$0.12-53.8%
vs $0.26
$81M-13.4%
vs $94M
Q4 2025
Oct 29, 2025
$0.22-25.4%
vs $0.29
$90M+10.0%
vs $81M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·6d ago
Franklin BSP Realty Trust, Inc. Announces Leadership Update

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that Richard Byrne, Chairman of the Board and the Company's former Chief Executive Officer, has been reappointed as Chief Executive Officer, effective September 16, 2026. Mr. Byrne succeeds Michael Comparato, who resigned on September 15, 2026 as part of his decision to step back from day-to-day executive responsibilities to spend more time with his family. Mr. Byrne has remained cl.

Defense World·Sep 16, 2026
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives $11.50 Consensus PT from Analysts

Franklin BSP Realty Trust, Inc. (NYSE: FBRT - Get Free Report) has been assigned an average recommendation of "Hold" from the five research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to

Business Wire·Sep 10, 2026
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2026 Dividends and Reauthorization of $50 Million Share Repurchase Program

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a third quarter 2026 dividend of $0.20 per common share. The dividend is payable on or about October 13, 2026, to common stockholders of record as of September 30, 2026. The Board of Directors also declared a third quarter 2026 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT'.

Defense World·Aug 31, 2026
Franklin BSP Realty Trust (NYSE:FBRT) and AGNC Investment (NASDAQ:AGNCL) Financial Contrast

AGNC Investment (NASDAQ: AGNCL - Get Free Report) and Franklin BSP Realty Trust (NYSE: FBRT - Get Free Report) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, earnings, analyst recommendations, profitability, institutional ownership, valuation and risk. Earnings and Valuation This table compares

Filtered for Franklin BSP Realty Trust, Inc.More Headlines
04

Compare before deciding

Benchmark FBRT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Franklin BSP Realty Trust, Inc. (FBRT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FBRT logoFBRTFranklin BSP Realty Trust, Inc.Current
$7.75$643.6M12.111.28%14.8%5.39%21.79%
BXMT logoBXMTBlackstone Mortgage Trust, Inc.
$13.14$2.22B20.53-13.96%1.19%0.45%—
RC logoRCReady Capital Corporation
$1.66$274.26M-1.151725.96%-135.95%-35.22%—
GPMT logoGPMTGranite Point Mortgage Trust Inc.
$0.85$40.62M-0.73187.77%-69.23%-15.79%—
TRTX logoTRTXTPG RE Finance Trust, Inc.
$7.19$551.97M12.61-5.23%21.75%5.45%—
ARI logoARIApollo Commercial Real Estate Finance, Inc.
$6.41$839.37M7.911.28%50.56%7.78%—

Compare FBRT vs Peers

Franklin BSP Realty Trust, Inc. (FBRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BXMT

Most directly comparable listed peer for FBRT.

Scale Benchmark

vs BX

Larger-name benchmark to compare FBRT against a more recognizable public peer.

Peer Set

Compare Top 5

vs BXMT, RC, GPMT, TRTX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FBRT SEC Filings & Documents

Franklin BSP Realty Trust, Inc. (FBRT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Jun 9, 2026·SEC

Material company update

Apr 29, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 29, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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FBRT Frequently Asked Questions

Franklin BSP Realty Trust, Inc. (FBRT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Franklin BSP Realty Trust, Inc.'s revenue?

Franklin BSP Realty Trust, Inc. (FBRT) reported $425.1M in revenue for fiscal year 2025.

How fast is Franklin BSP Realty Trust, Inc. growing?

Franklin BSP Realty Trust, Inc. (FBRT) grew revenue by 1.3% over the past year. Growth has been modest.

Is FBRT profitable?

Yes, Franklin BSP Realty Trust, Inc. (FBRT) is profitable, generating $64.1M in net income for fiscal year 2025 (14.8% net margin).

Dividend & Returns
Does FBRT pay dividends?

Yes, Franklin BSP Realty Trust, Inc. (FBRT) pays a dividend with a yield of 21.79%. This makes it attractive for income-focused investors.

What is FBRT's return on equity?

Franklin BSP Realty Trust, Inc. (FBRT) has a return on equity (ROE) of 5.4%. This is below average, suggesting room for improvement.

Industry Metrics
What is Franklin BSP Realty Trust, Inc.'s FFO?

Franklin BSP Realty Trust, Inc. (FBRT) generated Funds From Operations (FFO) of $76.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is FBRT a good dividend stock?

Franklin BSP Realty Trust, Inc. (FBRT) offers a 21.79% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in FBRT back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →