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Franklin BSP Realty Trust, Inc. logo

Franklin BSP Realty Trust, Inc.

FBRT

NYSEReal EstateREIT - Mortgage

Open in GoAI

Previous close

$8.39

+$0.32 · +3.97%

Aug 21, 4:00 PM ET

FBRT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

100

Deep Value

Momentum

31

Weakening

Sentiment

57

Mixed

Risk resilience

57

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Franklin BSP Realty Trust, Inc. functions as a real estate finance firm, primarily engaged in the creation, acquisition, and management of a varied portfolio of commercial real estate debt, secured by properties located across the United States. Its operations also include originating conduit loans and investing in commercial real estate securities. Additionally, the company owns real estate assets obtained via foreclosure, deed-in-lieu transactions, or direct purchase for investment. Its investment scope within commercial real estate debt encompasses first mortgage loans, mezzanine loans, bridge loans, and other related credit instruments. The company holds the qualification of a Real Estate Investment Trust (REIT) for federal tax purposes, which typically allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable income to its stockholders. Incorporated in 2012 and headquartered in New York, New York, the company was previously known as Benefit Street Partners Realty Trust, Inc.

Industry
REIT - Mortgage
Sector
Real Estate
Headquarters
US
CEO
Michael Comparato
Listed since
Oct 19, 2021
Employees
252

Market position

Day range

Current $8.39

52-week range

Current $8.39

Open
$8.12
Previous close
$8.07
Volume
2.46M
2.17× average
Average volume
1.13M
Average daily volume
Market cap
696.75M USD
Beta
1.1
Market reference 1
50-day average
$8.0098
+4.75% above average
200-day average
$9.1211
-8.01% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
18.57×
P/B (TTM)
0.44×
P/S (TTM)
1.25×
Dividend yield
13.23%

Profitability & efficiency

Gross margin
79.64%
Operating margin
44.47%
Net margin
11.51%

Financial health

Debt / equity
2.85×
Altman Z-score
0.17
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends101%66%30%-5%Gross margin, FY2021: 72.55%Gross margin, FY2022: 54.89%Gross margin, FY2023: 46.35%Gross margin, FY2024: 38.34%Gross margin, FY2025: 92.14%Operating margin, FY2021: 74.43%Operating margin, FY2022: 14.24%Operating margin, FY2023: 27.17%Operating margin, FY2024: 21.03%Operating margin, FY2025: 68.42%Net margin, FY2021: 11.60%Net margin, FY2022: 3.93%Net margin, FY2023: 25.50%Net margin, FY2024: 12.55%Net margin, FY2025: 14.80%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 72.55%. Gross margin FY2022 54.89%. Gross margin FY2023 46.35%. Gross margin FY2024 38.34%. Gross margin FY2025 92.14%. Operating margin FY2021 74.43%. Operating margin FY2022 14.24%. Operating margin FY2023 27.17%. Operating margin FY2024 21.03%. Operating margin FY2025 68.42%. Net margin FY2021 11.60%. Net margin FY2022 3.93%. Net margin FY2023 25.50%. Net margin FY2024 12.55%. Net margin FY2025 14.80%.

Income trends

Revenue

555.97M USD+1.28%

Operating income

380.37M USD+229.58%

Net income

82.27M USD+19.43%
Income trends across reported periods625.04M USD403M USD180.96M USD−41.08M USDRevenue, FY2021: 221.65M USDRevenue, FY2022: 367.36M USDRevenue, FY2023: 569.53M USDRevenue, FY2024: 548.93M USDRevenue, FY2025: 555.97M USDOperating income, FY2021: 164.96M USDOperating income, FY2022: 52.31M USDOperating income, FY2023: 154.77M USDOperating income, FY2024: 115.41M USDOperating income, FY2025: 380.37M USDNet income, FY2021: 25.7M USDNet income, FY2022: 14.43M USDNet income, FY2023: 145.22M USDNet income, FY2024: 68.89M USDNet income, FY2025: 82.27M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 221.65M USD. Revenue FY2022 367.36M USD. Revenue FY2023 569.53M USD. Revenue FY2024 548.93M USD. Revenue FY2025 555.97M USD. Operating income FY2021 164.96M USD. Operating income FY2022 52.31M USD. Operating income FY2023 154.77M USD. Operating income FY2024 115.41M USD. Operating income FY2025 380.37M USD. Net income FY2021 25.7M USD. Net income FY2022 14.43M USD. Net income FY2023 145.22M USD. Net income FY2024 68.89M USD. Net income FY2025 82.27M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue555.97M USD548.93M USD569.53M USD367.36M USD221.65M USD
Cost of goods sold43.68M USD338.47M USD305.58M USD165.71M USD60.84M USD
Gross profit512.28M USD210.45M USD263.95M USD201.65M USD160.81M USD
Research and development———0.04 USD0.13 USD
Selling, general, and administrative129.91M USD58.35M USD68.32M USD64.17M USD47.42M USD
Operating expenses131.91M USD50.17M USD109.18M USD105.69M USD44.33M USD
Interest income430.28M USD526.08M USD552.51M USD357.71M USD216.89M USD
Interest expense288.33M USD338.47M USD305.58M USD165.71M USD60.84M USD
Depreciation and amortization9.59M USD5.63M USD8.41M USD129.98M USD41.61M USD
Operating income380.37M USD115.41M USD154.77M USD52.31M USD164.96M USD
Net income82.27M USD68.89M USD145.22M USD14.43M USD25.7M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-26.89%
11 comparable reports
Latest EPS result
0.25
Estimate 0.24 · Beat by 5.93%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.350.260.170.08Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 0.3, estimate 0.27, surprise +11.11%, Beat. Q2 2025, reported Apr 28, 2025: actual 0.31, estimate 0.3, surprise +3.33%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.27, estimate 0.31, surprise -12.90%, Miss. Q4 2025, reported Oct 29, 2025: actual 0.22, estimate 0.295, surprise -25.42%, Miss. Q1 2026, reported Feb 11, 2026: actual 0.12, estimate 0.26, surprise -53.85%, Miss. Q2 2026, reported Apr 29, 2026: actual 0.09, estimate 0.22, surprise -59.09%, Miss. Q3 2026, reported Jul 29, 2026: actual 0.25, estimate 0.236, surprise +5.93%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.26, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates142.25M109.26M76.27M43.29MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 135.42M USD, estimate 50.15M USD, surprise +170.06%, Beat. Q2 2025, reported Apr 28, 2025: actual 50.11M USD, estimate 55.56M USD, surprise -9.80%, Miss. Q3 2025, reported Jul 30, 2025: actual 119.51M USD, estimate 81.39M USD, surprise +46.83%, Beat. Q4 2025, reported Oct 29, 2025: actual 89.55M USD, estimate 81.39M USD, surprise +10.02%, Beat. Q1 2026, reported Feb 11, 2026: actual 81.12M USD, estimate 93.65M USD, surprise -13.38%, Miss. Q2 2026, reported Apr 29, 2026: actual 74.38M USD, estimate 73.09M USD, surprise +1.76%, Beat. Q3 2026, reported Jul 29, 2026: actual 65.29M USD, estimate 80.99M USD, surprise -19.38%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 80.32M USD, surprise —, Comparison unavailable.

FBRT news

marketbeat.com

Franklin BSP Realty Trust Q2 Earnings Call Highlights

Franklin BSP Realty Trust NYSE: FBRT reported second-quarter 2026 distributable earnings that covered its dividend for a second consecutive quarter, as improved core net interest income, a strong contribution from its…

Read source
seekingalpha.com

Franklin BSP Realty Trust, Inc. (FBRT) Q2 2026 Earnings Call Transcript

Franklin BSP Realty Trust, Inc. (FBRT) Q2 2026 Earnings Call Transcript

Read source
zacks.com

Franklin BSP (FBRT) Surpasses Q2 Earnings Estimates

Franklin BSP (FBRT) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.27 per share a year ago.

Read source
businesswire.com

Franklin BSP Realty Trust, Inc. Announces Second Quarter 2026 Results

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended June 30, 2026. During the second quarter, FBRT increased GAAP book…

Read source
defenseworld.net

Analysts Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Price Target at $11.50

Shares of Franklin BSP Realty Trust, Inc. (NYSE: FBRT - Get Free Report) have been assigned an average rating of "Hold" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has…

Read source
businesswire.com

Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2026 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that it will release its second quarter 2026 results on Wednesday, July 29, 2026, after the close of…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.42

2025 complete year0.0% since 2022

2026 partial: $0.40

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 30, 2026

$0.20

Quarterly

Record Jun 30, 2026 · Payment Jul 10, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.20

Quarterly

Record Mar 31, 2026 · Payment Apr 10, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.355

Quarterly

Record Dec 31, 2025 · Payment Jan 12, 2026

Dividend

Ex-dividend Sep 30, 2025

$0.355

Quarterly

Record Sep 30, 2025 · Payment Oct 10, 2025

Dividend

Ex-dividend Jun 30, 2025

$0.355

Quarterly

Record Jun 30, 2025 · Payment Jul 10, 2025

Dividend

Ex-dividend Mar 31, 2025

$0.355

Quarterly

Record Mar 31, 2025 · Payment Apr 10, 2025

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ETFs holding FBRT

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
37.44M
Weight
0.03%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
18.64M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
16.05M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Invesco KBW High Dividend Yield Financial ETF logoInvesco KBW High Dividend Yield Financial ETFKBWD
Market value
8.79M
Weight
2.12%
AUM
417.88M USD
Expense ratio
5.39%
Price / 1D
$12.60+0.16%
iShares Mortgage Real Estate ETF logoiShares Mortgage Real Estate ETFREM
Market value
7.64M
Weight
1.41%
AUM
544.56M USD
Expense ratio
0.48%
Price / 1D
$22.02-0.23%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
6.81M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
6.01M
Weight
0.04%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
5.79M
Weight
0.03%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%

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