Franklin BSP Realty Trust (FBRT) AI Stock Analysis

• Market Cap: $842.49M
• Dividend Yield: 13.87%
• Average Volume (3M): 581.88K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 0.56
• Revenue Growth: -0.93%
• EPS Growth: -1.16%
• Country: US
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Mortgage
• EPS (TTM): 0.22
• Shares Outstanding: 82,274,850
• 10 Day Avg. Volume: 509,560
• 30 Day Avg. Volume: 581,876
• PEG Ratio: -0.35
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 1.87
• P/FCF Ratio: 17.93
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $13.25
• Price Target Upside: 23.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 56 Neutral
• Price Target: $10.50 ▼(-2.14% Downside)

The overall stock score is primarily influenced by the mixed financial performance and bearish technical indicators. The positive outlook from the earnings call and favorable valuation provide some support, but the high leverage and declining revenue growth are significant concerns. The stock's high dividend yield is a notable strength for income-focused investors.

Positive Factors

Successful Acquisition

The successful acquisition and integration of NewPoint enhances FBRT's capabilities, contributing significantly to earnings and expanding its portfolio.

Strong Liquidity

Strong liquidity provides FBRT with the flexibility to pursue growth opportunities and manage financial obligations, supporting long-term stability.

Record Origination Volumes

Record origination volumes at NewPoint indicate strong demand and operational efficiency, contributing to FBRT's revenue growth and market position.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting FBRT's ability to invest in growth and affecting its long-term financial health.

Declining Revenue Growth

Declining revenue growth may indicate challenges in market expansion or competition, impacting FBRT's ability to sustain long-term profitability.

Dividend Undercovverage

Dividend undercoverage suggests potential cash flow issues, which could affect FBRT's ability to maintain investor returns and financial stability.

Franklin BSP Realty Trust Business Overview & Revenue Model

Company Description

Franklin BSP Realty Trust (FBRT) is a diversified real estate investment trust (REIT) focused on investing in and managing a portfolio of commercial real estate assets and real estate-related debt. The company primarily operates in the sectors of commercial real estate, with a strategic emphasis on multifamily, industrial, and office properties. FBRT aims to provide attractive risk-adjusted returns to its investors through prudent investment strategies and efficient asset management.

How the Company Makes Money

Franklin BSP Realty Trust generates revenue primarily through the acquisition, management, and leasing of its real estate properties, as well as through the origination of real estate-related debt investments. Key revenue streams include rental income from tenants occupying the properties within its portfolio, interest income from mortgage loans and other debt instruments, and potential gains from the sale of properties or refinancing of debt. The company may also enter into partnerships with other investors or real estate firms to co-invest in larger projects, which can provide additional revenue opportunities through shared profits and management fees.

Franklin BSP Realty Trust Financial Statement Overview

Summary

Franklin BSP Realty Trust presents a mixed financial outlook. The company shows moderate revenue and net income growth, but operational margins have faced pressure. The balance sheet reflects high leverage, which could pose risks if market conditions deteriorate. Cash flow generation remains strong, though recent declines in free cash flow growth warrant caution. Overall, the financial health is stable, but there are areas for potential improvement.

Income Statement

The income statement reveals a mixed financial health. The TTM Gross Profit Margin is approximately 30.08%, and the Net Profit Margin is about 9.97%, indicating moderate profitability. Revenue has grown by 4.16% from the previous year, showcasing steady growth. However, the EBIT and EBITDA Margins have seen some decline compared to previous periods, reflecting potential challenges in operational efficiency.

Balance Sheet

The balance sheet indicates a high leverage with a Debt-to-Equity Ratio of approximately 2.65, signaling significant debt reliance. The Return on Equity (ROE) is about 3.80%, which is relatively low, suggesting limited returns on equity investment. The Equity Ratio stands at 26.52%, indicating a reasonable proportion of equity financing but with high liabilities.

Cash Flow

The cash flow statement shows strong operational cash generation, with a significant increase in Operating Cash Flow in the TTM period. The Free Cash Flow to Net Income Ratio is 2.81, indicating robust cash flow relative to net earnings. However, the Free Cash Flow Growth Rate is negative compared to previous periods, highlighting potential cash flow sustainability issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	558.50M	548.92M	230.79M	367.36M	221.65M	184.17M
Gross Profit	96.18M	210.45M	-108.63M	201.65M	160.81M	113.96M
EBITDA	133.94M	437.62M	163.18M	106.55M	167.07M	64.58M
Net Income	82.85M	68.89M	145.22M	14.43M	25.70M	54.75M
Balance Sheet
Total Assets	5.63B	6.00B	5.96B	6.20B	9.47B	3.19B
Cash, Cash Equivalents and Short-Term Investments	414.08M	184.44M	343.69M	415.04M	154.93M	82.07M
Total Debt	3.97B	4.31B	4.18B	4.45B	7.57B	2.15B
Total Liabilities	4.04B	4.48B	4.28B	4.63B	7.76B	2.39B
Stockholders Equity	1.58B	1.51B	1.65B	1.56B	1.71B	798.44M
Cash Flow
Free Cash Flow	170.41M	57.23M	197.39M	151.85M	3.03B	115.33M
Operating Cash Flow	170.41M	57.23M	197.39M	152.51M	146.50M	115.33M
Investing Cash Flow	899.58M	-155.47M	380.81M	3.10B	1.07B	240.69M
Financing Cash Flow	-752.95M	-48.58M	-424.99M	-3.23B	-1.14B	-373.00M

Franklin BSP Realty Trust Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.73
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBRT, the sentiment is Negative. The current price of 10.73 is above the 20-day moving average (MA) of 10.70, below the 50-day MA of 10.88, and below the 200-day MA of 10.94, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 31.13 is Neutral, neither overbought nor oversold. The STOCH value of 32.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FBRT.

Franklin BSP Realty Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ORC	―	$1.11B	15.27	7.02%	19.70%	72.30%	-54.02%
MFA	―	$915.80M	10.25	6.90%	16.03%	-7.70%	40.36%
PMT	―	$1.05B	13.41	6.37%	12.99%	-17.98%	-36.27%
FBRT	―	$842.49M	13.34	5.91%	13.87%	-0.93%	-1.16%
TWO	―	$1.00B	―	-9.69%	17.30%	22.48%	50.49%
RWT	―	$690.05M	―	-9.07%	13.48%	6.23%	-250.03%

Franklin BSP Realty Trust Corporate Events

Franklin BSP Realty Trust Reports Q3 2025 Earnings

Franklin BSP Realty Trust, Inc. is a real estate investment trust that focuses on originating, acquiring, and managing a diverse portfolio of commercial real estate debt in the United States. The company is externally managed by Benefit Street Partners L.L.C., a subsidiary of Franklin Resources, Inc.

Franklin BSP Realty Trust Completes Major Securitization Deal

On October 15, 2025, Franklin BSP Realty Trust, Inc. completed a $1.076 billion commercial real estate mortgage securitization transaction through its subsidiary, BSPRT 2025-FL12 Issuer, LLC. The company sold approximately $947 million of the securitization’s notes in a private placement, which are secured by a portfolio of commercial and multifamily real estate mortgage loans. The proceeds will be used to repay existing credit facilities, fund future loans, and for general corporate purposes. This transaction is expected to enhance the company’s financial flexibility and strengthen its market position by allowing it to manage its portfolio effectively and potentially improve returns for stakeholders.

The most recent analyst rating on (FBRT) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Franklin BSP Realty Trust stock, see the FBRT Stock Forecast page.

Franklin BSP Realty Trust’s Earnings Call: Strategic Gains Amid Challenges

The recent earnings call of Franklin BSP Realty Trust, Inc. (FBRT) painted a picture of strategic resilience and market challenges. The company celebrated significant achievements, such as the acquisition of NewPoint and strong loan repayments, which underscore its robust positioning. However, concerns regarding dividend coverage, tightening loan spreads, and an increase in watch list loans indicate potential hurdles ahead. This mix of positive and negative highlights results in a balanced overall sentiment from the earnings call.

Franklin BSP Realty Trust Reports Q2 2025 Results

Franklin BSP Realty Trust, Inc. is a real estate investment trust that focuses on originating, acquiring, and managing a diversified portfolio of commercial real estate debt secured by properties across the United States. The company is externally managed by Benefit Street Partners L.L.C., a subsidiary of Franklin Resources, Inc.