Franklin BSP Realty Trust, Inc. (FBRT) Revenue History
Annual and quarterly revenue from 2012 to present
FBRT Revenue Over Time (2012–2025)
FBRT Revenue Growth History
10 of 12 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- +1609.3%
- FY2015 revenue growth
- +367.7%
- FY2016 revenue growth
- +33.7%
- FY2017 revenue growth
- +12.8%
- FY2018 revenue growth
- +70.0%
- FY2019 revenue growth
- +30.3%
- FY2020 revenue growth
- -7.2%
- FY2021 revenue growth
- +20.3%
- FY2022 revenue growth
- +65.7%
- FY2023 revenue growth
- +55.0%
- FY2024 revenue growth
- -3.6%
- FY2025 revenue growth
- +1.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $120.7M | -11.6% |
| Q2 2026 | $141.5M | +18.4% |
| Q1 2026 | $133.8M | +7.5% |
| Q4 2025 | $145.0M | +7.0% |
| Q3 2025 | $136.6M | -2.1% |
| Q2 2025 | $119.5M | -10.0% |
| Q1 2025 | $124.5M | -11.8% |
| Q4 2024 | $135.4M | -0.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
FBRT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
FBRT Revenue Analysis (2012–2025)
Current Revenue & Growth
As of November 8, 2026, Franklin BSP Realty Trust, Inc. (FBRT) generated trailing twelve-month (TTM) revenue of $541.0 million, reflecting significant decline in growth of -11.6% year-over-year. The most recent quarter (Q3 2026) recorded $120.7 million in revenue, down 14.7% sequentially.
Historical Growth Trajectory
FBRT's 5-year compound annual growth rate (CAGR) stands at +24.7%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +14.8% is below the 5-year average, signalling a growth deceleration in recent years. Franklin BSP Realty Trust, Inc.'s highest annual revenue of $569.5 million was recorded in 2023.
Revenue by Segment
FBRT's revenue is primarily driven by Real Estate Owned (51%), and Agency Business (49%). With over half of revenue concentrated in Real Estate Owned, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including BXMT (-1.4% YoY), RC (+84.6% YoY), and GPMT (+14.2% YoY) — FBRT has underperformed the peer group in revenue growth. Compare FBRT vs BXMT →
FBRT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FBRTCurrent | $541M | -11.6% | +24.7% | 68.4% | |
 BXMT | $1.5B | -1.4% | +14.4% | 71.6% | |
 RC | $499M | +84.6% | +5.4% | 24.2% | |
 GPMT | $145M | +14.2% | +6.7% | 43.6% | |
 TRTX | $333M | +5.9% | +32.7% | 73.0% | |
 ARI | $710M | -58.8% | +15.7% | 65.4% |
FBRT Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $556.0M | +1.3% | $512.3M | 92.1% | $380.4M | 68.4% |
| 2024 | $548.9M | -3.6% | $210.5M | 38.3% | $115.4M | 21.0% |
| 2023 | $569.5M | +55.0% | $263.9M | 46.3% | $154.8M | 27.2% |
| 2022 | $367.4M | +65.7% | $201.7M | 54.9% | $52.3M | 14.2% |
| 2021 | $221.6M | +20.3% | $160.8M | 72.6% | $165.0M | 74.4% |
| 2020 | $184.2M | -7.2% | $114.0M | 61.9% | $59.2M | 32.1% |
| 2019 | $198.5M | +30.3% | $105.2M | 53.0% | $22.9M | 11.5% |
| 2018 | $152.3M | +70.0% | $82.3M | 54.0% | $46.9M | 30.8% |
| 2017 | $89.6M | +12.8% | $57.2M | 63.9% | $36.4M | 40.7% |
| 2016 | $79.4M | +33.7% | $56.2M | 70.8% | $35.6M | 44.8% |
| 2015 | $59.4M | +367.7% | $47.1M | 79.3% | $34.2M | 57.6% |
| 2014 | $12.7M | +1609.3% | $8.3M | 65.5% | $5.5M | 43.4% |
| 2013 | $743K | - | $743K | 100.0% | $102K | 13.7% |
| 2012 | $0 | - | $0 | - | $-96,000 | - |
FBRT Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FBRT — Frequently Asked Questions
Quick answers to the most common questions about buying FBRT stock.
Is FBRT's revenue growth accelerating or slowing?
FBRT revenue is declining -11.6% year-over-year. TTM revenue fell to $541M, contrasting with the 5-year CAGR of +24.7%. The reversal reflects either macro headwinds or company-specific challenges.
What is FBRT's revenue history from 2012 to 2026?
Franklin BSP Realty Trust, Inc. (FBRT) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $541M, growing at -11.6% YoY. The 5-year CAGR is +24.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FBRT's long-term revenue growth rate (CAGR)?
Franklin BSP Realty Trust, Inc.'s 5-year revenue CAGR of +24.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -11.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FBRT.
Why does FBRT's quarterly revenue fluctuate?
FBRT quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Franklin BSP Realty Trust, Inc.'s revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is FBRT's revenue distributed by segment?
FBRT reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FBRT's revenue compare to industry peers?
Franklin BSP Realty Trust, Inc. (FBRT) with TTM revenue of $541M and -11.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.