Franklin BSP Realty Trust (FBRT) Stock Overview
A real estate finance company, originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
FBRT Community Fair Values
Create NarrativeSee what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Franklin BSP Realty Trust, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$8.23 |
| 52 Week High | US$11.84 |
| 52 Week Low | US$8.20 |
| Beta | 1.09 |
| 1 Month Change | -8.96% |
| 3 Month Change | -9.66% |
| 1 Year Change | -23.65% |
| 3 Year Change | -42.65% |
| 5 Year Change | n/a |
| Change since IPO | -51.87% |
Recent News & Updates
Narrative Update • Jun 02
FBRT: Higher Discount Rate Assumptions Will Support Future Book Value Sustainability
Analysts have trimmed their 12 month price target on Franklin BSP Realty Trust by $1 to reflect updated discount rate assumptions, while keeping fair value and key profitability inputs broadly in line with prior estimates. What's in the News No recent company specific news items or key developments were provided in the available sources for Franklin BSP Realty Trust.Narrative Update • May 13
FBRT: Dividend Reset And Buybacks Will Support Future Book Value Sustainability
Narrative Update Analysts have trimmed their average price target for Franklin BSP Realty Trust to $13.00, citing updated models after the dividend cut and a focus on preserving book value, rather than concerns about portfolio deterioration. Analyst Commentary Recent Street research on Franklin BSP Realty Trust centers on the reduced price targets and the implications of the dividend cut, with analysts weighing capital preservation against income and growth expectations.Narrative Update • Apr 27
FBRT: Dividend Reset And Buybacks Will Support Future Book Value Preservation
Narrative Update: Franklin BSP Realty Trust The analyst price target for Franklin BSP Realty Trust has been trimmed by $0.25 to $13.00, as analysts adjust models for a lower fair value estimate, a slightly higher discount rate, and a reduced profit margin outlook. They still view the recent dividend cut as a step to preserve book value rather than a sign of portfolio stress.Narrative Update • Apr 13
FBRT: Dividend Reset Will Support Book Value And Share Price Upside
Analysts have trimmed their average price target on Franklin BSP Realty Trust to $13 from $15, citing the recent dividend cut as a move to protect book value rather than a signal of portfolio or credit stress. Analyst Commentary Recent research updates focus on how the reduced dividend and revised price target feed into the risk and reward profile for Franklin BSP Realty Trust.Recent updates
Narrative Update • Jun 02
FBRT: Higher Discount Rate Assumptions Will Support Future Book Value Sustainability
Analysts have trimmed their 12 month price target on Franklin BSP Realty Trust by $1 to reflect updated discount rate assumptions, while keeping fair value and key profitability inputs broadly in line with prior estimates. What's in the News No recent company specific news items or key developments were provided in the available sources for Franklin BSP Realty Trust.Narrative Update • May 13
FBRT: Dividend Reset And Buybacks Will Support Future Book Value Sustainability
Narrative Update Analysts have trimmed their average price target for Franklin BSP Realty Trust to $13.00, citing updated models after the dividend cut and a focus on preserving book value, rather than concerns about portfolio deterioration. Analyst Commentary Recent Street research on Franklin BSP Realty Trust centers on the reduced price targets and the implications of the dividend cut, with analysts weighing capital preservation against income and growth expectations.Narrative Update • Apr 27
FBRT: Dividend Reset And Buybacks Will Support Future Book Value Preservation
Narrative Update: Franklin BSP Realty Trust The analyst price target for Franklin BSP Realty Trust has been trimmed by $0.25 to $13.00, as analysts adjust models for a lower fair value estimate, a slightly higher discount rate, and a reduced profit margin outlook. They still view the recent dividend cut as a step to preserve book value rather than a sign of portfolio stress.Narrative Update • Apr 13
FBRT: Dividend Reset Will Support Book Value And Share Price Upside
Analysts have trimmed their average price target on Franklin BSP Realty Trust to $13 from $15, citing the recent dividend cut as a move to protect book value rather than a signal of portfolio or credit stress. Analyst Commentary Recent research updates focus on how the reduced dividend and revised price target feed into the risk and reward profile for Franklin BSP Realty Trust.Narrative Update • Mar 30
FBRT: Dividend Reset To Support Book Value And Potential Upside
Analysts have trimmed their price target on Franklin BSP Realty Trust to $13 from $15, pointing to the recent dividend cut as a move to protect book value rather than a signal of worsening portfolio credit quality. Analyst Commentary Recent research around Franklin BSP Realty Trust focuses on how the dividend reset and updated modeling after Q4 results translate into risk, income and valuation trade offs for shareholders.Narrative Update • Mar 16
FBRT: Dividend Reset And Book Value Focus Will Support Future Upside
Narrative Update Analysts trimmed their price target on Franklin BSP Realty Trust to $13 from $15, citing updated Q4 modeling and a view that the recent dividend cut to $0.20 per share is primarily aimed at preserving book value rather than signaling portfolio or credit stress. Analyst Commentary Analysts updated their views on Franklin BSP Realty Trust after reviewing the latest Q4 results and dividend changes.
New Narrative • Mar 01
Multifamily Focus And New Servicing Platform Will Eventually Offset Rate And Spread Headwinds
Catalysts About Franklin BSP Realty Trust Franklin BSP Realty Trust is a commercial real estate investment platform focused on originating and managing commercial real estate credit, agency lending and servicing, and select equity investments. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 01
FBRT: Dividend Reset And Capital Allocation Moves Will Support Future Upside
Analysts have lowered their price target on Franklin BSP Realty Trust by $0.50 to $13.25, citing updated models that reflect the recent dividend cut, a modest adjustment to the discount rate, and revised expectations for revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts view the dividend cut from $0.355 to $0.20 per share as a move aimed at preserving book value, rather than a reaction to clear signs of portfolio stress.
New Narrative • Feb 15
Servicing Expansion And Multifamily Focus Will Build A More Resilient Earnings Platform
Catalysts About Franklin BSP Realty Trust Franklin BSP Realty Trust is a commercial real estate investment platform focused on middle market lending, agency origination and servicing, and select equity investments. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 15
FBRT: Leadership Transition And Dividend Policy Will Support Future Upside Potential
Analysts have revised their price target on Franklin BSP Realty Trust from $14.70 to $13.75, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News The Board declared a first quarter 2026 dividend of $0.20 per common share, payable on or about April 10, 2026, to stockholders of record as of March 31, 2026 (Key Developments).Seeking Alpha • Feb 13
Franklin BSP Realty Trust: A Dip Buying Opportunity As Portfolio Grows
Summary For my initial rating of FBRT, I called it a buy, agreeing with the latest Wall St consensus. Thursday's market selloff created a major dip-buying opportunity, and drove the dividend yield quite high, which could attract high-yield investors. This mREIT grew its portfolio via new loans, and a business acquisition, while also driving strong profit margins and a low D/E vs key peers. Price upside forecasts are quite positive, and this REIT's large exposure to multi-family residential could be seen by many as a more defensive posture. The risk of the market selloff extending longer was also discussed. Read the full article on Seeking Alpha
New Narrative • Sep 24
Navigating Interest Rate Hikes And Loan Quality Boosts Future Earnings Potential
Active loan origination in a high-interest rate environment and focus on multifamily assets suggest potential for significant earnings and revenue growth.Seeking Alpha • Aug 28
Franklin BSP Realty Trust May Be Close To Overvaluation
Summary Franklin BSP Realty Trust's profitability is better represented by core profitability than GAAP net income, with recent market valuation becoming more optimistic. Returns on invested capital have declined, but management has historically created value despite economic losses in 2022. Free cash flow generation has been poor, but the firm is currently undervalued, with a margin of safety for investors to consider investing. Read the full article on Seeking AlphaSeeking Alpha • Jul 11
Franklin BSP Realty Is On The Offensive
Summary Franklin BSP Realty Trust is undervalued at 7.7x FWD earnings and .81x book value, with a strong focus on multi-family loans. The company's portfolio is well-diversified with mainly floating rate loans, high coupons, and low duration, providing resilience to interest rate changes. Earnings continue to grow steadily, with a strong liquidity position enabling the company to originate loans and potentially increase book value per share. Shares are a buy with a price target of $15. Read the full article on Seeking AlphaSeeking Alpha • Feb 19
Franklin BSP Realty: 10.8% Dividend Yield But Coverage Slipped
Summary Franklin BSP Realty has dropped to trade at an 18% discount to its book value per share of $15.77 at the end of its fiscal 2023 fourth quarter. The company currently offers a 10.8% dividend yield that is 110% covered by distributable EPS. Credit quality remains healthy with six assets placed on watchlist during the fourth quarter. Read the full article on Seeking AlphaSeeking Alpha • Jun 15
Franklin BSP Realty: Commercial Mortgage Loans For A 10% Yield
Summary Franklin BSP is paying out a 10% dividend yield that's fully covered by earnings available for distribution. The mREIT's portfolio is heavy on floating rate multifamily housing loans. Common shares are currently swapping hands at a 10% discount to book, with the preferreds offering a steeper 21% discount to par value. Read the full article on Seeking AlphaSeeking Alpha • Feb 22
Franklin BSP Realty Trust Non-GAAP EPS of $1.17, revenue of $201.65M
Franklin BSP Realty Trust press release (NYSE:FBRT): Q4 Non-GAAP EPS of $1.17. Revenue of $201.65M. Produced a fourth quarter GAAP and Distributable Earnings ROE (a non-GAAP financial measure) of 6.4% and 9.2%, respectively Book value of $15.78 per diluted common share on a fully converted basis Declared fourth quarter common stock cash dividend of $0.355, representing a 9.0% yield on book value GAAP and Distributable Earnings dividend coverage of 72% and 104%, respectively Closed $209 million of new loan commitments at a weighted average spread of 433 basis points Repurchased 485,316 shares of common stock at an average price of $11.42 per share for an aggregate of $5.5 millionSeeking Alpha • Dec 19
Franklin BSP Realty Trust declares $0.355 dividend
Franklin BSP Realty Trust (NYSE:FBRT) declares $0.355/share quarterly dividend, in line with previous. Forward yield 10.63% Payable Jan. 11; for shareholders of record Dec. 30; ex-div Dec. 29. See FBRT Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Sep 19
Franklin BSP Realty Trust declares $0.355 dividend
Franklin BSP Realty Trust (NYSE:FBRT) declares $0.355/share quarterly dividend, in line with previous. Forward yield 12.1% Payable Oct. 11; for shareholders of record Sept. 30; ex-div Sept. 29. See FBRT Dividend Scorecard, Yield Chart, & Dividend Growth.Shareholder Returns
| FBRT | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | -1.8% | 2.5% | 0.5% |
| 1Y | -23.7% | -1.0% | 23.5% |
Return vs Industry: FBRT underperformed the US Mortgage REITs industry which returned -1% over the past year.
Return vs Market: FBRT underperformed the US Market which returned 23.5% over the past year.
Price Volatility
| FBRT volatility | |
|---|---|
| FBRT Average Weekly Movement | 3.8% |
| Mortgage REITs Industry Average Movement | 3.8% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: FBRT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: FBRT's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 243 | Mike Comparato | www.fbrtreit.com |
Franklin BSP Realty Trust, Inc., a real estate finance company, originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure in the United States and internationally. The company operates through Real Estate Debt Business; Agency Business; Commercial Real Estate Conduit Business; and Real Estate Owned Business segments. The Real Estate Debt Business focuses on originating, acquiring, and asset managing commercial real estate debt investments, including first mortgages, subordinate mortgages, mezzanine loans, and participations in such loans and focuses on investing in and asset managing real estate securities.
Franklin BSP Realty Trust, Inc. Fundamentals Summary
| FBRT fundamental statistics | |
|---|---|
| Market cap | US$642.64m |
| Earnings (TTM) | US$42.16m |
| Revenue (TTM) | US$285.38m |
15.0x
P/E Ratio2.2x
P/S RatioIs FBRT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FBRT income statement (TTM) | |
|---|---|
| Revenue | US$285.38m |
| Cost of Revenue | US$823.00k |
| Gross Profit | US$284.55m |
| Other Expenses | US$242.39m |
| Earnings | US$42.16m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.55 |
| Gross Margin | 99.71% |
| Net Profit Margin | 14.77% |
| Debt/Equity Ratio | 292.0% |
How did FBRT perform over the long term?
See historical performance and comparisonDividends
9.7%
Current Dividend Yield244%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/15 23:41 |
| End of Day Share Price | 2026/06/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Franklin BSP Realty Trust, Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Timothy D'Agostino | B. Riley Securities, Inc. |
| William Catherwood | BTIG |
| Christopher Muller | Citizens JMP Securities, LLC |