Pricing Log in Create free account
Friday 6 November 2026 Export FBRT’s income statement to Excel — free account

Franklin BSP Realty Trust, Inc.

FBRT Real Estate Reit Mortgage

Franklin BSP Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $270.1 million, up 20.9% from fiscal 2024.

Revenue
−16.3%
EPS
−380.7%
Free cash flow
+34.5%
Total debt
−9.47%

Quarter to September 2026, against a year earlier

6.23 0.05 −0.80%
Market cap
$475.2M
P/E
0.0×
Fwd P/E
12.7×
Dividend yield
15.3%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.31
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 1 — — — — — — — 2
Sell — — — — — — — — — — — —
Insider Ownership 7.94%

Capital & Financial Ratios $m

Size
Market Cap 475.23
Revenue ttm 290.76
Net income ttm 19.91
Free cash flow ttm 228.30
Net debt Q 3,813.10
Valuation
P/E 0.00
Forward P/E 12.70
Price / sales 1.72
Forward P/S Powerpack
Price / FCF 2.19
Price / book 0.46
Financial health
Current ratio Q 83.00
Debt / equity Q 2.91
Interest coverage Q 5.02
Growth
Revenue growth Q −16.32% (below 0%: shrinking)
Operating income growth Q +16.17% (above 0%: growing)
EPS, this year +24.49% (at or above 15%: strong)
EPS, next year A +50.82% (at or above 15%: strong)
Revenue, next year A +14.70% (at or above 10%: strong)
EPS, past 5 yrs −6.59% (below 0%: weak)
EPS, next 5 yrs A +17.70% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 14.8×, against a ten-year median of 32.8×; over the ten years it ranged from 14.4× in 2021 to 1,094× in 2020.
P/S against its own 10 years 39.16%
10-year low 10-year high
P/B against its own 10 years 48.88%
10-year low 10-year high
EV/Sales against its own 10 years 1.14%
10-year low 10-year high
EV/FCF against its own 10 years 8.25%
10-year low 10-year high

Dividends

Yield
15.3%
Annual rate
0.96
Payout ratio
217.1%
Growth, 2021–25
+49.4%/yr
  1. 0.29 ’21
  2. 1.42 ’22 +398
  3. 1.42 ’23 +0
  4. 1.42 ’24 +0
  5. 1.42 ’25 +0
  6. 0.89 ’26e −37
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 344 197 185 120
Receivables 98 200 92 42
Inventory — — — —
Other — — — —
5,431 5,393 5,233 4,704
2023 2024 2025 Q'26
Payables 13 4 19 20
ST’ Debt — — — —
Other — — — —
65 53 74 57

Compound Annual Growth %

10y 5y 3y
Sales 2.24% 18.09% 9.30%
Cash Flow 1.80% 20.41% 24.16%
Earnings (5.09%) 6.78% 0.00%
Book Value 1.67% 13.91% (1.00%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.26 Actual −0.02

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.26 0.12 Miss by 0.14
Q1 FY26 0.22 0.22 Met by 0.00
Q2 FY26 0.23 0.25 Beat by 0.02
Q3 FY26 0.26 −0.02 Miss by 0.28
Q4 FY26 0.28 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.07 0.12 (0.33) — —
’25 0.20 0.19 0.12 0.13 0.64
’24 0.35 (0.11) 0.30 0.29 0.82
’23 0.44 0.39 0.30 0.28 1.42
’22 (0.99) (0.43) 0.34 0.25 (0.38)
’21 0.15 0.11 0.67 (2.31) (0.18)
’20 (6.56) 0.19 0.25 0.19 0.90
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 74 65 75 — —
’25 55 49 90 76 270
’24 54 51 54 64 223
’23 63 84 62 60 269
’22 55 40 50 62 207
’21 32 37 37 60 165
’20 70 48 30 (30) 118
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (54) 48 (90) — —
’25 116 12 (148) 312 292
’24 13 2 97 (55) 57
’23 33 45 63 56 197
’22 (32) 8 155 22 153
’21 4 50 109 (17) 146
’20 39 42 114 (80) 115
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (52) 52 (93) — —
’25 144 27 (143) 322 351
’24 55 9 158 (131) 91
’23 13 87 80 56 236
’22 (30) 8 155 23 154
’21 4 61 (6) (16) 43
’20 39 42 127 (73) 135
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 213 233 276 108 118 165 207 269 223 270 291 +2.7% 310 328 — +10.1%
Gross margin, % 100.00 100.00 100.00 82.39 83.99 83.01 87.35 87.40 88.38 90.93 91.67 (9.1) pt
EBT 83 80 50 88 53 29 14 142 94 88 16 +0.7%
EBT margin, % 38.85 34.10 18.11 81.82 44.79 17.71 6.68 52.75 41.87 32.57 5.57 (6.3) pt
Net income 30 34 50 84 55 26 14 145 92 84 20 +12.1%
Per share, $
Per share, $ Revenue 6.74 7.35 9.23 2.58 2.65 3.81 2.89 3.26 2.73 3.30 3.62 (7.6%)
Earnings 0.95 1.06 0.34 1.60 0.90 (0.18) (0.38) 1.42 0.82 0.65 (0.02) (4.1%)
Cash flow 6.79 6.67 5.51 1.08 2.60 3.37 2.13 2.40 0.70 3.56 2.70 (6.9%)
Capex 0.00 0.00 0.00 (1.00) 0.44 (2.39) 0.02 0.47 0.42 0.72 0.15 n/m
Free cash flow 6.79 6.67 5.51 0.08 3.04 0.99 2.15 2.87 1.12 4.29 2.84 (5.0%)
Book value 39.41 38.99 35.35 25.65 17.99 39.42 22.04 19.27 18.57 18.68 16.84 (8.0%)
Shares, m 32 32 30 42 44 43 72 82 82 82 80 +11.1%
Valuation, ×
Valuation, × P/E 14.66 13.03 19.62 0.00 0.00 0.00 0.00 9.62 15.11 15.67 0.00 8.8
P/S 1.53 1.16 0.72 3.07 2.19 3.92 4.54 4.15 4.59 3.04 1.72 2.9
P/B 0.31 0.27 0.25 0.40 0.32 0.87 0.71 0.84 0.81 0.65 0.46 0.5
EV/Sales 58.66 53.97 40.57 193.18 22.46 48.65 25.09 18.44 23.02 18.03 14.83 50.2
EV/FCF 55.16 56.27 63.39 3,893.49 28.42 161.39 125.32 21.00 56.33 13.86 18.89 447.5
Cash, $m
Cash, $m Operating cash flow 215 212 165 45 115 146 153 197 57 292 217 +3.5%
Capex — — — (42) 20 (104) 1 39 34 59 12 n/m
Free cash flow 215 212 165 3 135 43 154 236 91 351 228 +5.6%
Balance, $m
Balance, $m Working capital 197 256 196 268 2,945 4,653 5,445 5,366 5,339 5,159 4,647 +43.7%
Net debt 12,187 12,325 11,017 10,267 2,057 7,401 4,251 3,839 4,116 4,047 3,813 (11.5%)
Shareholders’ equity 1,248 1,239 1,059 1,074 798 1,711 1,578 1,586 1,520 1,531 1,352 +2.3%
Returns, %
Returns, % ROA 0.21 0.25 0.24 0.56 0.54 (0.12) (0.35) 1.94 1.15 0.92 (0.10) +0.7 pt
ROIC 0.92 1.04 1.37 0.31 1.50 0.15 1.39 2.08 1.52 0.94 0.86 0.0 pt
ROE 2.79 3.32 3.42 8.21 4.91 (1.02) (2.65) 8.93 5.32 4.36 (0.49) +1.6 pt
People
People Employees 14 13 15 14 15 — — — — 223 — +36.0%
Revenue/emp, $m 15.24 17.95 18.43 7.72 7.84 0.00 0.00 0.00 0.00 1.21 — (24.5%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Franklin BSP Realty Trust, Inc. vs peers in Reit Mortgage (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MFA MFA Financial, Inc. $662.1M — (loss-making) 7.3× +9.75% (above 0%: growing) n/m +498.41% (above 0%: growing) 100.00% 0.00% Compare
IVR INVESCO MORTGAGE CAPITAL INC $595.7M — (loss-making) 6.8× +35.72% (above 0%: growing) n/m +3.93% (above 0%: growing) 34.28% 29.04% Compare
ADAM Adamas Trust, Inc. $534.6M — (loss-making) 5.0× +12.82% (above 0%: growing) n/m −119.68% (below 0%: shrinking) 25.11% (89.42%) Compare
TRTX TPG RE Finance Trust, Inc. $532.3M 16.3× 12.3× −5.07% (below 0%: shrinking) −46.65% (below 0%: shrinking) −40.71% (below 0%: shrinking) 100.00% 50.23% Compare
FBRT Franklin BSP Realty Trust, Inc. $475.2M — (loss-making) 12.7× −16.32% (below 0%: shrinking) n/m +34.53% (above 0%: growing) 92.17% 25.20%
BRSP BrightSpire Capital, Inc. $431.4M 23.7× 11.9× −5.94% (below 0%: shrinking) +3,762.00% (above 0%: growing) +122.61% (above 0%: growing) 61.25% (26.51%) Compare
RWT Redwood Trust, Inc. $390.7M — (loss-making) 12.8× −86.45% (below 0%: shrinking) n/m −77.33% (below 0%: shrinking) 100.00% (4.68%) Compare
KREF KKR Real Estate Finance Trust $329.7M — (loss-making) — (loss-making) −21.85% (below 0%: shrinking) n/m −194.41% (below 0%: shrinking) 100.00% (3.15%) Compare
ABR Arbor Realty Trust $305.7M — (loss-making) — (loss-making) −6.33% (below 0%: shrinking) n/m +22.05% (above 0%: growing) 14.29% (18.36%) Compare
Median of peers $481.8M — 9.6× −5.50% — −18.39% 80.63% (3.92%)

All 37 Reit Mortgage stocks →

Franklin BSP Realty Trust, Inc. (FBRT) Latest News

30 Oct

Impact 3 · · MarketBeat transcript

29 Oct

Impact 4 · · StockStory
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby earnings

28 Oct

Impact 3 · · Zacks earnings
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Business Wire

26 Oct

Impact 3 · · StockStory

2 Oct

Impact 4 · · StockStory

7 Aug

Impact 4 · · The Motley Fool transcript

4 Aug

Impact 3 ·

31 Jul

Impact 3 · · MarketBeat transcript

30 Jul

Impact 3 ·
Impact 3 · · Moby

29 Jul

Impact 3 ·
Impact 3 ·

13 May

Impact 4 · · Simply Wall St.

3 May

Impact 4 · · StockStory

1 May

Impact 3 · · MarketBeat

30 Apr

Impact 4 · · Moby

29 Apr

Impact 4 · · StockStory
Impact 4 · · Simply Wall St.
Impact 3 · · Business Wire

28 Apr

Impact 3 · · StockStory

14 Apr

Impact 4 · · Simply Wall St.

2 Apr

Impact 4 · · Business Wire

30 Mar

Impact 4 · · Simply Wall St.
Impact 4 · · Business Wire

9 Mar

Impact 3 · · StockStory
stockrow.com/FBRT · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com