Pricing Log in Create free account
Saturday 17 October 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. In the quarter to June 2026, revenue grew 32.3%, EPS fell 36.8%, free cash flow grew 87.7% and total debt rose 4.99%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

6.22 0.05 −0.80%
Market cap
$520.7M
P/E
14.1×
Fwd P/E
9.4×
Dividend yield
15.4%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.29
Total sells 0.01
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 1 1 — — — — — — —
Sell 1 — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 520.69
Revenue 305.37
Net Income 64.56
Free Cash Flow 179.00
Net Debt 4,010.52
Current Ratio 96.80
Debt/Equity 2.85
P/E ratio 14.14
Fwd P/E 9.42
P/S ratio 1.56
P/B ratio 0.40
Past 5Y EPS Growth —
This Y EPS Growth 71.84% (at or above 15%: strong)
Next Y EPS Growth 33.49% (at or above 15%: strong)
Next Y revenue growth 16.99% (at or above 10%: strong)
Next 5Y EPS Growth 17.70% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 14.7×, against a ten-year median of 33.8×; over the ten years it ranged from 14.4× in 2021 to 1,094× in 2020.
P/E against its own 10 years 42.62%
10-year low 10-year high
P/S against its own 10 years 34.68%
10-year low 10-year high
P/B against its own 10 years 46.81%
10-year low 10-year high
EV/Sales against its own 10 years 0.77%
10-year low 10-year high
EV/FCF against its own 10 years 20.75%
10-year low 10-year high

Dividends

Payout Ratio 2.17
Annual Dividend Rate 0.96
Annual Dividend Yield 15.35%
total individual payouts
2027 Powerpack
2026 0.90
0.20
0.20
0.20
2025 1.67
0.36
0.36
0.36
0.36
2024 1.42
0.36
0.36
0.36
0.36
2023 1.42
0.36
0.36
0.36
0.36
2022 1.42
0.36
0.36
0.36
0.36
2021 0.29
0.29
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 344 197 185 155
Receivables 98 200 92 114
Inventory — — — —
Other — — — —
5,431 5,393 5,233 5,002
2023 2024 2025 Q'26
Payables 13 4 19 15
ST’ Debt — — — —
Other — — — —
65 53 74 52

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%)

Revenue $m

Mar Jun Sep Dec Year
’26 74 65 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.07 0.12 — — —
’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 (1.56)
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

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 10.60 10.34 11.08 11.99 9.71

Analyst estimates 2026–2028

Powerpack
High — — — — — 17.74 16.20 14.92 14.12 13.58
People
People Employees 14 13 15 14 15 — — — — 223
Revenue/emp, $m 15.24 17.95 18.43 7.72 7.84 0.00 0.00 0.00 0.00 1.21
Income, $m
Income, $m Revenue 213 233 276 108 118 165 207 269 223 270
Gross margin, % 100.00 100.00 100.00 82.39 83.99 83.01 87.35 87.40 88.38 90.93
EBT 83 80 50 88 53 29 14 142 94 88
EBT margin, % 38.85 34.10 18.11 81.82 44.79 17.71 6.68 52.75 41.87 32.57
Net income 83 80 50 84 55 26 14 145 92 84
Depreciation 132 130 117 1 (1) (11) (10) (4) 2 8
Per share, $
Per share, $ Revenue 6.78 7.42 9.23 2.58 2.65 3.81 2.89 3.26 2.73 3.30
Earnings 0.70 0.65 0.34 (0.62) (1.56) (0.18) (0.38) 1.42 0.82 0.65
Cash flow 6.84 6.74 5.51 1.08 2.60 3.37 2.13 2.40 0.70 3.56
Capex 0.00 0.00 0.00 (1.00) 0.44 (2.39) 0.02 0.47 0.42 0.72
Free cash flow 6.84 6.74 5.51 0.08 3.04 0.99 2.15 2.87 1.12 4.29
Book value 39.67 39.36 35.35 25.65 17.99 39.42 22.04 19.27 18.57 18.68
Shares, m 31 31 30 42 44 43 72 82 82 82
Valuation, ×
Valuation, × P/E 14.66 13.03 19.62 0.00 0.00 0.00 0.00 9.62 15.11 15.67
P/S 1.53 1.16 0.72 3.07 2.19 3.92 4.54 4.15 4.59 3.04
P/B 0.31 0.27 0.25 0.40 0.32 0.87 0.71 0.84 0.81 0.65
EV/Sales 58.66 53.97 40.57 193.18 22.46 48.65 25.09 18.44 23.02 18.03
EV/FCF 55.16 56.27 63.39 3,893.49 28.42 161.39 125.32 21.00 56.33 13.86
Cash, $m
Cash, $m Operating cash flow 215 212 165 45 115 146 153 197 57 292
Capex — — — (42) 20 (104) 1 39 34 59
Free cash flow 215 212 165 3 135 43 154 236 91 351
Balance, $m
Balance, $m Working capital 197 256 196 268 2,945 4,653 5,445 5,366 5,339 5,159
Total debt 12,243 12,429 11,078 10,373 2,149 7,571 4,442 4,183 4,313 4,232
Net debt 12,187 12,325 11,017 10,267 2,057 7,401 4,251 3,839 4,116 4,047
Shareholders’ equity 1,248 1,239 1,059 1,074 798 1,711 1,578 1,586 1,520 1,531
Returns, %
Returns, % ROA 0.48 0.46 0.24 0.56 0.54 (0.12) (0.35) 1.94 1.15 0.92
ROIC 0.92 1.04 1.37 0.31 1.50 0.15 1.39 2.08 1.52 0.94
ROE 6.28 6.10 3.42 8.21 4.91 (1.02) (2.65) 8.93 5.32 4.36
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
ADAM Adamas Trust, Inc. $700.2M 4.5× 9.5× +23.77% (above 0%: growing) n/m +171.68% (above 0%: growing) 26.87% 30.52% Compare
MFA MFA Financial, Inc. $677.3M 6.5× 10.1× +4.48% (above 0%: growing) +59.09% (above 0%: growing) +162.56% (above 0%: growing) 100.00% 78.90% Compare
PMT PennyMac Mortgage Investment Trust $615.7M 4.9× 8.4× +3.60% (above 0%: growing) n/m −45.97% (below 0%: shrinking) 63.63% 34.80% Compare
IVR INVESCO MORTGAGE CAPITAL INC $607.1M 3.7× 10.2× +20.93% (above 0%: growing) n/m +3.93% (above 0%: growing) 35.24% 28.86% Compare
ABR Arbor Realty Trust $522.4M 38.6× 22.1× −2.77% (below 0%: shrinking) n/m +172.80% (above 0%: growing) 19.79% (4.57%) Compare
FBRT Franklin BSP Realty Trust, Inc. $520.7M 14.1× 9.4× +32.33% (above 0%: growing) −36.84% (below 0%: shrinking) +87.71% (above 0%: growing) 90.86% 18.69%
BRSP BrightSpire Capital, Inc. $479.5M — (loss-making) 25.0× −9.80% (below 0%: shrinking) n/m +150.31% (above 0%: growing) 61.99% (40.13%) Compare
TRTX TPG RE Finance Trust, Inc. $454.5M 10.7× 10.5× −6.05% (below 0%: shrinking) −42.86% (below 0%: shrinking) −70.48% (below 0%: shrinking) 100.00% 49.39% Compare
RWT Redwood Trust, Inc. $390.7M — (loss-making) 8.4× +35.48% (above 0%: growing) n/m −77.33% (below 0%: shrinking) 8.33% (1.59%) Compare
Median of peers $564.7M 5.7× 10.1× +4.04% — +77.12% 48.61% 29.69%

All 37 Reit Mortgage stocks →

Franklin BSP Realty Trust, Inc. (FBRT) key facts

  • Strength: Franklin BSP Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $270.1 million, up 20.9% from fiscal 2024.
  • Franklin BSP Realty Trust, Inc. (FBRT) is a Reit Mortgage company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, FBRT traded at $6.22, a market capitalization of $520.7 million.
  • Franklin BSP Realty Trust, Inc. pays an annual dividend of $0.96 per share, a yield of 15.4%.
  • Return on equity was 4.36% and debt-to-equity 2.85.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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

No news at this impact. Lower the threshold for more.
stockrow.com/FBRT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com