Symbols / FBRT Stock $8.55 +3.26% Franklin BSP Realty Trust, Inc.

Real Estate • REIT - Mortgage • United States • NYQ
FBRT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Mortgage
CEO Mr. Michael Comparato
Exch · Country NYQ · United States
Market Cap 658.03M
Enterprise Value 5.54B
Income 42.16M
Sales 285.38M
FCF (ttm) —
Book/sh 14.67
Cash/sh 1.89
Employees 243
Insider 10d —
IPO Oct 19, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 248.04%
P/E 16.76
Forward P/E 7.10
PEG —
P/S 2.31
P/B 0.58
P/C —
EV/EBITDA —
EV/Sales 19.43
Quick Ratio 1.15
Current Ratio 1.32
Debt/Eq 292.69
LT Debt/Eq —
EPS (ttm) 0.51
EPS next Y 1.21
EPS Growth -65.00%
Revenue Growth 6.10%
EPS Gr Q/Q -50.20%
Rev Gr Q/Q —
Earnings (next) 2026-07-29
Earnings (prior) 2026-04-29
ROA 1.22%
ROE 4.59%
ROIC —
Gross Margin 99.71%
Oper. Margin 4.45%
Profit Margin 24.60%
Shs Outstand 76.96M
Shs Float 75.69M
Insider Own 1.59%
Instit Own 68.06%
Short Float 8.20%
Short Ratio 6.51
Short Interest 5.16M
52W High 11.84
vs 52W High -27.79%
52W Low 8.24
vs 52W Low 3.76%
Beta 1.09
Impl. Vol. 3.13%
Rel Volume 0.77
Avg Volume 947.87K
Volume 726.10K
Target (mean) $13.00
Tgt Median $12.50
Tgt Low $11.00
Tgt High $16.00
# Analysts 4
Recom None
Prev Close $8.28
Price $8.55
Change 3.26%
About

Franklin BSP Realty Trust, Inc., a real estate finance company, originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure in the United States and internationally. The company operates through Real Estate Debt Business; Agency Business; Commercial Real Estate Conduit Business; and Real Estate Owned Business segments. The Real Estate Debt Business focuses on originating, acquiring, and asset managing commercial real estate debt investments, including first mortgages, subordinate mortgages, mezzanine loans, and participations in such loans and focuses on investing in and asset managing real estate securities. The Agency Business focuses on originating, selling, and servicing loans under programs offered by government-sponsored enterprises and agencies. The Commercial Real Estate Conduit Business is focused on generating risk-adjusted returns by originating and selling fixed-rate commercial real estate loans. The Real Estate Owned Business represents real estate acquired by the company through foreclosure, deed-in-lieu of foreclosure, and purchase. It also originates conduit loans. Franklin BSP Realty Trust, Inc. was formerly known as Benefit Street Partners Realty Trust, Inc. and changed its name to Franklin BSP Realty Trust, Inc. in October 2021. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$13.00
Mean price target
2. Current target
$8.55
Latest analyst target
3. DCF / Fair value
$7.65
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$8.55
Low
$11.00
High
$16.00
Mean
$13.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-09-19 main Raymond James Strong Buy → Strong Buy $16
2024-06-27 reit JMP Securities Market Outperform → Market Outperform $15
2024-04-17 main BTIG Buy → Buy $14
2024-04-12 up Raymond James Outperform → Strong Buy $15
2024-02-16 main JonesTrading Buy → Buy $15
2024-01-10 up JMP Securities Market Perform → Market Outperform $15
2023-08-11 main Raymond James Outperform → Outperform $15
2023-08-02 reit JonesTrading Buy → Buy $16
2023-06-02 reit JonesTrading Buy → Buy $16
2023-05-23 main Raymond James Outperform → Outperform $15
2023-04-25 init BTIG — → Buy $14
2023-04-06 main JonesTrading — → Buy $16
2023-04-04 init Raymond James — → Outperform $14
2022-09-28 init B. Riley Securities — → Buy $16
2022-08-18 down JMP Securities Market Outperform → Market Perform —
2022-04-08 init JonesTrading — → Buy $17
News
RSS: Latest FBRT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-18 ORTALE BUFORD H Director — 4,000 $8.76 $35,290
2026-01-27 BYRNE RICHARD J Chief Executive Officer — 66,841 $0.00 $0
2026-01-27 BAGLIEN JEROME S Chief Operating Officer — 100,261 $0.00 $0
2026-01-27 COMPARATO MICHAEL President — 66,841 $0.00 $0
2025-11-21 MCDONOUGH PETER J. Director — 1,500 $10.00 $14,996
2025-05-28 ORTALE BUFORD H Director — 10,036 $0.00 $0
2025-05-28 TUPPENY ELIZABETH K Director — 10,036 $0.00 $0
2025-05-28 HANDWERKER JAMIE O. Director — 10,036 $0.00 $0
2025-05-28 AUGUSTINE PATSY JOSEPH Director — 10,036 $0.00 $0
2025-05-28 MCDONOUGH PETER J. Director — 10,036 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
501.00
-8.73%
548.92
-3.62%
569.53
+55.03%
367.36
Operating Revenue
501.00
-8.73%
548.92
-3.62%
569.53
+55.03%
367.36
Cost Of Revenue
288.33
-14.81%
338.47
+10.76%
305.58
+90.36%
160.53
Reconciled Cost Of Revenue
288.33
-14.81%
338.47
+11.23%
304.29
+89.47%
160.60
Gross Profit
212.67
+1.05%
210.45
-20.27%
263.95
+27.61%
206.83
Operating Expense
127.65
+28.07%
99.67
-8.71%
109.18
+3.30%
105.69
Selling General And Administration
129.91
+122.65%
58.35
-14.60%
68.32
+6.46%
64.17
General And Administrative Expense
129.91
+122.65%
58.35
-14.60%
68.32
+6.46%
64.17
Salaries And Wages
62.86
+669.08%
8.17
+71.67%
4.76
+89.00%
2.52
Other Gand A
67.05
+33.64%
50.17
-21.06%
63.56
+3.09%
61.65
Total Expenses
415.98
-5.06%
438.15
+5.64%
414.76
+55.80%
266.22
Operating Income
85.02
-23.25%
110.78
-28.42%
154.77
+53.02%
101.14
EBITDA
94.61
-18.72%
116.41
-28.66%
163.18
+53.15%
106.55
Normalized EBITDA
49.33
-56.03%
112.19
-32.03%
165.06
-11.88%
187.30
Reconciled Depreciation
9.59
+70.39%
5.63
-33.07%
8.41
+57.85%
5.33
EBIT
85.02
-23.25%
110.78
-28.42%
154.77
+53.02%
101.14
Total Unusual Items
45.28
+974.07%
4.22
+324.37%
-1.88
+97.67%
-80.75
Total Unusual Items Excluding Goodwill
45.28
+974.07%
4.22
+324.37%
-1.88
+97.67%
-80.75
Special Income Charges
-8.61
-764.56%
-1.00
-203.75%
0.96
+114.71%
-6.53
Other Special Charges
7.66
—
-2.20
-142.60%
5.17
Impairment Of Capital Assets
—
—
—
0.00
Restructuring And Mergern Acquisition
0.95
-4.52%
1.00
-19.74%
1.24
-8.75%
1.36
Write Off
—
—
0.00
0.00
Net Income
82.27
-14.19%
95.88
-33.98%
145.22
+906.27%
14.43
Pretax Income
87.97
-5.94%
93.52
-34.02%
141.75
+926.00%
13.82
Other Income Expense
2.95
+117.08%
-17.26
-32.60%
-13.01
+85.10%
-87.33
Other Non Operating Income Expenses
-45.92
-113.86%
-21.47
-92.83%
-11.13
-69.43%
-6.57
Gain On Sale Of Security
53.89
+934.04%
5.21
+283.59%
-2.84
+96.18%
-74.23
Tax Provision
3.88
+246.79%
1.12
+140.62%
-2.76
-590.98%
-0.40
Tax Rate For Calcs
0.00
+269.17%
0.00
-94.29%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
2.01
+3865.13%
0.05
+112.82%
-0.39
+97.67%
-16.96
Net Income Including Noncontrolling Interests
84.08
-9.00%
92.40
-36.06%
144.51
+916.60%
14.21
Net Income From Continuing Operation Net Minority Interest
82.27
-14.19%
95.88
-33.98%
145.22
+906.27%
14.43
Net Income From Continuing And Discontinued Operation
82.27
-14.19%
95.88
-33.98%
145.22
+906.27%
14.43
Net Income Continuous Operations
84.08
-9.00%
92.40
-36.06%
144.51
+916.60%
14.21
Minority Interests
-1.81
-152.20%
3.48
+392.21%
0.71
+226.85%
0.22
Normalized Income
38.99
-57.48%
91.71
-37.48%
146.70
+87.53%
78.23
Net Income Common Stockholders
55.28
-19.75%
68.89
-41.73%
118.22
+532.89%
-27.31
Otherunder Preferred Stock Dividend
—
—
—
0.00
Diluted EPS
0.64
-21.95%
0.82
-42.25%
1.42
+473.68%
-0.38
Basic EPS
0.65
-20.73%
0.82
-42.25%
1.42
+473.68%
-0.38
Basic Average Shares
81.97
+0.15%
81.85
-0.56%
82.31
+14.91%
71.63
Diluted Average Shares
86.19
+5.31%
81.85
-0.56%
82.31
+14.91%
71.63
Diluted NI Availto Com Stockholders
55.28
-19.75%
68.89
-41.73%
118.22
+532.89%
-27.31
Depreciation Amortization Depletion Income Statement
9.59
+70.39%
5.63
-21.02%
7.13
+31.80%
5.41
Depreciation And Amortization In Income Statement
9.59
+70.39%
5.63
-21.02%
7.13
+31.80%
5.41
Earnings From Equity Interest
3.58
0.00
0.00
—
Preferred Stock Dividends
26.99
+0.00%
26.99
+0.00%
26.99
-35.33%
41.74
Provision For Doubtful Accounts
-11.85
-133.19%
35.70
+5.81%
33.74
-6.58%
36.12
Line Item Trend 2023-12-31
Total Assets
5,955.18
Current Assets
5,431.12
Cash Cash Equivalents And Short Term Investments
337.60
Cash And Cash Equivalents
337.60
Other Short Term Investments
0.00
Receivables
5,087.43
Accrued Interest Receivable
42.49
Loans Receivable
5,044.94
Prepaid Assets
—
Restricted Cash
6.09
Total Non Current Assets
524.06
Goodwill And Other Intangible Assets
42.79
Goodwill
—
Other Intangible Assets
—
Investments And Advances
242.57
Long Term Equity Investment
0.00
Other Non Current Assets
19.21
Total Liabilities Net Minority Interest
4,368.97
Current Liabilities
270.52
Payables And Accrued Expenses
84.17
Payables
68.79
Accounts Payable
13.34
Dividends Payable
36.13
Current Accrued Expenses
15.38
Employee Benefits
—
Current Debt And Capital Lease Obligation
174.06
Current Debt
174.06
Other Current Borrowings
174.06
Other Current Liabilities
12.30
Total Non Current Liabilities Net Minority Interest
4,098.45
Long Term Debt And Capital Lease Obligation
4,008.70
Long Term Debt
4,008.70
Long Term Capital Lease Obligation
0.00
Other Non Current Liabilities
—
Preferred Securities Outside Stock Equity
89.75
Stockholders Equity
1,559.11
Common Stock Equity
1,300.37
Capital Stock
259.56
Common Stock
0.82
Preferred Stock
258.74
Share Issued
82.75
Ordinary Shares Number
82.75
Treasury Shares Number
0.00
Additional Paid In Capital
1,599.20
Retained Earnings
-298.94
Gains Losses Not Affecting Retained Earnings
-0.70
Minority Interest
27.09
Other Equity Adjustments
-0.70
Total Equity Gross Minority Interest
1,586.21
Total Capitalization
5,567.81
Working Capital
5,160.60
Invested Capital
5,483.13
Total Debt
4,182.76
Net Debt
3,845.16
Capital Lease Obligations
0.00
Net Tangible Assets
1,516.32
Tangible Book Value
1,257.58
Available For Sale Securities
242.57
Derivative Product Liabilities
0.00
Dueto Related Parties Current
19.32
Financial Assets
0.00
Held To Maturity Securities
—
Interest Payable
15.38
Investment Properties
219.49
Investmentin Financial Assets
242.57
Preferred Shares Number
10.33
Preferred Stock Equity
258.74
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
291.94
+410.09%
57.23
-71.00%
197.39
+29.42%
152.51
Cash Flow From Continuing Operating Activities
291.94
+410.09%
57.23
-71.00%
197.39
+29.42%
152.51
Net Income From Continuing Operations
84.08
-9.00%
92.40
-36.06%
144.51
+916.60%
14.21
Depreciation Amortization Depletion
9.59
+70.39%
5.63
-33.07%
8.41
+57.85%
5.33
Depreciation And Amortization
9.59
+70.39%
5.63
-33.07%
8.41
+57.85%
5.33
Other Non Cash Items
186.49
+361.87%
-71.21
-548.07%
15.89
+16.73%
13.62
Stock Based Compensation
9.12
+11.56%
8.17
+71.67%
4.76
+89.00%
2.52
Provisionand Write Offof Assets
-11.85
-133.19%
35.70
+5.81%
33.74
-6.58%
36.12
Asset Impairment Charge
22.04
0.00
0.00
0.00
Operating Gains Losses
-10.57
-63.36%
-6.47
-485.30%
1.68
-98.06%
86.48
Gain Loss On Investment Securities
-14.65
-126.34%
-6.47
-266.79%
3.88
-95.23%
81.32
Unrealized Gain Loss On Investment Securities
0.00
0.00
+100.00%
-0.04
—
Change In Working Capital
10.89
+313.17%
2.63
+74.50%
1.51
-77.98%
6.86
Change In Receivables
9.15
+35.39%
6.76
+845.70%
-0.91
-60.92%
-0.56
Changes In Account Receivables
9.15
+35.39%
6.76
+845.70%
-0.91
-60.92%
-0.56
Change In Prepaid Assets
-0.89
+68.74%
-2.86
-508.14%
0.70
+112.68%
-5.52
Change In Payables And Accrued Expense
11.92
+1042.80%
-1.26
-173.66%
1.72
-86.74%
12.94
Change In Accrued Expense
11.12
+538.13%
-2.54
-187.25%
2.91
-70.97%
10.02
Change In Payable
0.79
-37.80%
1.27
+206.78%
-1.19
-140.92%
2.92
Change In Account Payable
2.85
-56.13%
6.49
+227.63%
-5.08
-201.07%
5.03
Change In Other Current Liabilities
-9.28
0.00
0.00
—
Investing Cash Flow
380.81
+344.93%
-155.47
-140.83%
380.81
-87.71%
3,097.26
Cash Flow From Continuing Investing Activities
380.81
+344.93%
-155.47
-140.83%
380.81
-87.71%
3,097.26
Capital Expenditure
-0.36
—
—
—
Net Investment Purchase And Sale
75.27
-0.60%
75.72
-61.21%
195.23
-94.44%
3,509.92
Purchase Of Investment
-143.88
-80.98%
-79.50
+64.47%
-223.77
-0.89%
-221.79
Sale Of Investment
219.15
+41.18%
155.22
-62.95%
419.00
-88.77%
3,731.72
Net Business Purchase And Sale
-307.11
-2192.71%
-13.39
0.00
0.00
Purchase Of Business
-307.11
-2192.71%
-13.39
0.00
0.00
Net Intangibles Purchase And Sale
-0.36
0.00
0.00
—
Purchase Of Intangibles
-0.36
0.00
0.00
—
Net Other Investing Changes
544.03
+316.01%
-251.85
-271.36%
146.97
+135.50%
-414.04
Financing Cash Flow
-684.43
-1308.84%
-48.58
+88.57%
-424.99
+86.83%
-3,227.49
Cash Flow From Continuing Financing Activities
-684.43
-1308.84%
-48.58
+88.57%
-424.99
+86.83%
-3,227.49
Net Issuance Payments Of Debt
-498.95
-489.40%
128.13
+150.81%
-252.17
+91.92%
-3,120.89
Issuance Of Debt
6,069.37
+235.92%
1,806.80
+33.92%
1,349.16
-93.88%
22,045.21
Repayment Of Debt
-6,519.08
-274.40%
-1,741.22
-30.39%
-1,335.38
+94.69%
-25,166.10
Long Term Debt Issuance
6,069.37
+235.92%
1,806.80
+33.92%
1,349.16
-93.88%
22,045.21
Long Term Debt Payments
-6,519.08
-274.40%
-1,741.22
-30.39%
-1,335.38
+94.69%
-25,166.10
Net Long Term Debt Issuance
-449.71
-785.73%
65.58
+375.78%
13.78
+100.44%
-3,120.89
Short Term Debt Issuance
—
—
—
20,376.04
Short Term Debt Payments
—
—
—
-24,453.56
Net Short Term Debt Issuance
-49.24
-178.71%
62.55
+123.52%
-265.95
+93.48%
-4,077.52
Net Common Stock Issuance
-14.37
-195.19%
-4.87
+61.08%
-12.51
+24.57%
-16.58
Common Stock Payments
-14.37
-195.19%
-4.87
+61.08%
-12.51
+24.57%
-16.58
Common Stock Dividend Paid
—
-144.91
-0.39%
-144.35
-3.54%
-139.41
Cash Dividends Paid
-145.58
-0.46%
-144.91
-0.39%
-144.35
-3.54%
-139.41
Repurchase Of Capital Stock
-14.37
-195.19%
-4.87
+61.08%
-12.51
+24.57%
-16.58
Proceeds From Stock Option Exercised
—
—
—
—
Net Other Financing Charges
-25.54
+5.21%
-26.94
-68.67%
-15.97
-132.34%
49.39
Changes In Cash
-11.68
+92.04%
-146.82
-195.84%
153.20
+587.37%
22.29
Beginning Cash Position
196.86
-42.72%
343.69
+80.43%
190.49
+13.25%
168.20
End Cash Position
185.18
-5.93%
196.86
-42.72%
343.69
+80.43%
190.49
Free Cash Flow
291.58
+409.46%
57.23
-71.00%
197.39
+29.42%
152.51
Interest Paid Supplemental Data
275.82
-15.02%
324.57
-89.00%
2,951.33
+1946.76%
144.19
Income Tax Paid Supplemental Data
1.10
+6.09%
1.03
+218.46%
0.33
-72.89%
1.20
Amortization Of Securities
-9.72
-0.98%
-9.62
+26.39%
-13.07
-3.59%
-12.62
Change In Interest Payable
2.11
+183.18%
-2.54
-187.25%
2.91
-70.97%
10.02
Common Stock Issuance
—
—
—
0.00
Dividend Received CFO
1.88
0.00
0.00
—
Dividends Received CFI
0.83
0.00
0.00
—
Earnings Losses From Equity Investments
-3.58
0.00
0.00
—
Issuance Of Capital Stock
—
—
0.00
0.00
Net Investment Properties Purchase And Sale
68.14
+100.12%
34.05
-11.79%
38.60
+2693.34%
1.38
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Issuance
—
—
0.00
0.00
Purchase Of Investment Properties
-1.59
-389.81%
-0.32
+71.85%
-1.15
-73.60%
-0.66
Sale Of Business
—
—
0.00
0.00
Sale Of Investment Properties
69.73
+102.85%
34.38
-13.53%
39.76
+1844.01%
2.04
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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