Franklin BSP Realty Trust, Inc. (FBRT) AI Stock Analysis

Franklin BSP Realty Trust, Inc. is a real estate finance company specializing in the origination, acquisition, and management of commercial real estate debt across the United States. Its core activities include originating conduit loans and investing in commercial real estate securities, including properties acquired through foreclosure and deed in lieu of foreclosure. The company also invests in first mortgage loans, mezzanine loans, bridge loans, and other financing options to support commercial real estate transactions. Operating as a real estate investment trust (REIT), the company distributes at least 90% of its taxable income to shareholders. It was founded in 2012 and is based in New York City.

Franklin BSP Realty Trust achieved a 5-year revenue CAGR of 24.7% from FY2020 to FY2025. Annual revenue expanded from $221.6M in FY2021 to $556.0M in FY2025, which saw 1.3% growth alongside an operating margin of 68.4% and net income of $82.3M. This followed revenue of $548.9M in FY2024 and $569.5M in FY2023. Over the trailing twelve months, revenue was $292.6M with an operating margin of 8.6% and net margin of 21.4%. In the latest quarter ended June 30, 2026, quarterly revenue grew 14.2% year-over-year, while quarterly earnings declined 36.8%.

As of June 30, 2026, Franklin BSP Realty Trust held $155.0M in cash and short-term investments against $4.18B in total debt, leading to net debt of $4.02B. Shareholders' equity stood at $1.46B, resulting in a debt-to-equity ratio of 2.85, while its current ratio was 0.52. During FY2025, the company generated $291.9M in operating cash flow and free cash flow. In that year, capital expenditures were $360,000, share buybacks totaled $14.4M, and dividends paid reached $145.6M.

At $6.21, Franklin BSP Realty Trust carries a market capitalization of $515.7M and an enterprise value of $5.43B. The company trades at a trailing price-to-earnings multiple of 14.1x, below the 21.6x median of its US-listed Real Estate peers. Its price-to-sales ratio is 1.8x compared to the peer median of 3.7x, while its EV-to-EBITDA stands at 200.8x versus the peer median of 14.7x. Over the past year, the stock fell 34.5%, underperforming the S&P 500 (SPY), which gained 16.8%.

Franklin BSP Realty Trust offers an annual forward dividend of $0.80 per share, delivering a dividend yield of 12.88%. The company pays dividends on a quarterly frequency and has maintained consecutive payments for 6 years. Its payout ratio is 1.6%, and the most recent ex-dividend date occurred on September 30, 2026.

Wall Street coverage includes 2 Strong Buy, 1 Buy, and 2 Hold ratings. The mean price target is $11.67, representing 87.9% upside compared to the last close of $6.21. For the current fiscal year ending December 31, 2026, analysts expect EPS of $0.84, representing 71.8% growth, on revenue of $281.2M. The company has zero EPS beats over the last 4 quarters, and the next earnings date is October 28, 2026.

This page is an AI-written research summary of Franklin BSP Realty Trust, Inc. (FBRT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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