Franklin BSP Realty Trust, Inc.

Franklin BSP Realty Trust, Inc.

FBRT
Franklin BSP Realty Trust, Inc.US flagNew York Stock Exchange
7.81
USD
-0.19
- -
648.58MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.33
1.78
2.01
3.42
4.46
4.15
5.1
5.13
6.92
6.71
6.11
6.21
Basic EPS, GAAP
0.56
0.67
0.76
1.11
1.54
0.9
-0.18
-0.38
1.44
0.84
0.67
0.47
Free Cash Flow per Basic Share
0.57
0.79
0.19
0.16
1.02
2.6
3.37
2.13
2.4
0.7
3.56
1.98
Dividend per Share
0.61
0.9
0.87
0.83
1.36
1.12
1.57
1.95
1.75
1.77
1.78
1.64
Book Value per Share
- -
14.24
13.72
16.48
13.66
17.94
16.75
15.72
15.71
15.09
14.5
14.77
Tangible Book Value per Share
- -
14.24
13.72
16.48
13.33
17.63
15.65
15.05
15.2
14.61
9.36
9.34
Basic Weighted Avg Shares
44
44
44
44
44
44
43
72
82
82
82
80
Sales/Revenue/Turnover
59
79
90
152
198
184
222
367
570
549
501
494
Operating Margin (%)
57.57
44.83
40.68
30.77
28.98
32.13
54.65
27.53
27.17
20.18
16.97
3
Depreciation Expense
- -
- -
- -
- -
- -
2
2
5
8
6
10
12
Net Income, GAAP
25
30
34
53
84
55
26
14
145
96
82
63
Effective Tax Rate (%)
- -
- -
0.66
0.15
5.07
- -
12.28
- -
- -
1.2
4.42
2.13
Profit Margin (%)
41.98
37.77
37.71
34.69
42.29
29.73
11.6
3.93
25.5
17.47
16.42
12.68
Working Capital
- -
1,119
1,524
2,513
2,668
2,748
5,078
5,225
5,161
5,089
4,766
5,083
LT Debt
- -
536
918
1,665
2,091
1,962
3,392
4,008
4,009
4,076
4,063
4,488
Total Equity
- -
634
610
733
817
798
1,711
1,578
1,586
1,520
1,531
1,459
Return on Invested Capital (%)
- -
5.76
2.58
2.33
1.9
- -
1.74
- -
- -
1.89
1.4
0.25
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
9.47
5.43
7.32
10.23
5.66
-1.03
-2.68
9.08
5.39
4.54
3.18

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
187
212
197
LT Borrowings
4,063
4,368
4,488
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
259
259
259
Shares Outstanding
82
77
75
Market Capitalization
818
656
614

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,039
5,237
5,345
Cash, Cash Equivalents & STI
167
116
136
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
273
284
262
Payables & Accruals
86
71
66
ST Debt
187
212
197
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
20.73%
0.75%
Free Cash Flow
103.89%
79.8%
409.46%
Net Income, GAAP
87.46%
152.24%
-14.19%
Sales/Revenue/Turnover
26.84%
25.75%
-8.73%
Total Cash Common Dividend
24.85%
40.79%
0.57%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
135
138
140
136
549
2025
121
120
137
124
501
2026
116
116
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
-0.11
0.3
- -
0.84
2025
0.21
0.2
0.13
- -
0.67
2026
0.08
0.13
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.44
0.44
0.44
- -
1.77
2025
0.44
0.44
0.44
- -
1.78
2026
0.45
0.28
- -
- -
- -

Company Description

CEO
Michael Comparato
Full Time Employees
252
Sector
Real Estate
Industry
REIT - Mortgage
Address
1 Madison Avenue New York City NY United States of America 10010
IPO Date
Oct 19, 2021
Business
Franklin BSP Realty Trust, Inc. Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt investments secured by properties primarily in the United States and internationally; its core offerings include first mortgage loans, subordinated mortgage loans, mezzanine loans, bridge loans, participations in such loans, conduit loans sold into commercial mortgage-backed securities transactions, commercial real estate securities such as CMBS, unsecured REIT debt, and CDO notes; the company also holds real estate owned properties acquired through foreclosure, deed in lieu of foreclosure, or direct purchase, and provides agency origination and servicing for multifamily loans through programs with Fannie Mae, Freddie Mac, and HUD via its servicing portfolio of approximately $47.3 billion as of September 30, 2025. Franklin BSP Realty Trust, Inc. operates through four main segments comprising real estate debt, real estate securities, commercial conduit, and real estate owned businesses; it targets institutional and commercial real estate borrowers with a focus on multifamily properties, which collateralize 75% of its core portfolio of $4.4 billion across 147 loans as of September 30, 2025; the company is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc., and maintains a national origination footprint from its headquarters at 1 Madison Avenue, Suite 1600, New York, New York, having been incorporated in 2012 and formerly known as Benefit Street Partners Realty Trust, Inc. In a transformative acquisition completed on July 1, 2025, Franklin BSP Realty Trust, Inc. purchased NewPoint Holdings JV LLC for $425 million, a Plano, Texas-based commercial real estate finance company, enhancing its multifamily lending capabilities with agency origination, mortgage servicing rights on a $547 million portfolio, and a broader product suite from construction to long-term agency debt to create a comprehensive one-stop client solution; subsequent to the third quarter of 2025, the company closed a $1.1 billion commercial real estate mortgage securitization transaction through BSPRT 2025-FL12 Issuer, LLC, selling $947 million of notes in a private placement; integration of NewPoint progresses well, supporting growth in distributable earnings, book value per share of $14.29 on a fully converted basis, and total assets of approximately $6.2 billion as of September 30, 2025.

Company News

  • Franklin BSP Realty Trust (NYSE:FBRT) and AGNC Investment (NASDAQ:AGNCL) Financial Contrast

  • Bragar Eagel & Squire, P.C. is Investigating Franklin BSP Realty Trust, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

  • Franklin BSP Realty Trust Q2 Earnings Call Highlights

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

  • Franklin BSP (FBRT) Surpasses Q2 Earnings Estimates

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

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

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

  • Kuehn Law Encourages Investors of Franklin BSP Realty Trust, Inc. to Contact Law Firm

  • Kuehn Law Encourages Investors of Franklin BSP Realty Trust, Inc. to Contact Law Firm

  • Franklin BSP Realty Trust, Inc. Announces Second Quarter 2026 Common Stock Dividend of $0.20 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

  • Kuehn Law Encourages Investors of Franklin BSP Realty Trust, Inc. to Contact Law Firm

  • Franklin BSP Realty Trust: Attractive Valuation After Recent Dividend Cut

  • Readers Nab 10 Ideal 'Safer' Dividend Dogs In April

  • Earnings High Fliers And Busts

  • Franklin BSP Capital Corporation Announces Second Quarter 2026 Dividend

  • Franklin BSP Realty Trust, Inc. (FBRT) Q1 2026 Earnings Call Transcript

  • Franklin BSP (FBRT) Matches Q1 Earnings Estimates

  • Franklin BSP Realty Trust, Inc. Announces First Quarter 2026 Results

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