Franklin BSP Realty Trust, Inc. (FBRT) Key Metrics
FBRT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $515.7M
- Enterprise value
- $5.43B
- P/E (TTM)
- 14.1 10-yr median 13.1
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 1.8 10-yr median 3.2
- Price / book
- 0.6 10-yr median 0.7
- EV / EBITDA
- 200.8 10-yr median 40.6
- Dividend yield
- 12.88% $0.80 a year
- Beta
- 1.14
FBRT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFBRT valuation Price multiples at each fiscal year-end price.
FBRT returns How much profit the business earns on the capital it uses.
FBRT per-share figures Results divided by the shares outstanding at year-end.
FBRT financial health Debt, liquidity and how easily interest is covered.
FBRT efficiency & capital use Working capital cycle and where the cash goes.
FBRT valuation history
FBRT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FBRT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FBRT cash returned to shareholders
FBRT price vs earnings per share
FBRT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $864.5M | $1.03B | $1.11B | $924.0M | $1.30B | $515.9M | $704.8M | $593.6M | $769.8M | $906.8M |
| Enterprise value | $4.95B | $5.15B | $4.96B | $4.96B | $4.15B | $2.58B | $3.10B | $2.11B | $1.64B | $1.39B |
| P/E ratio | 10.5 | 14.9 | 7.7 | 64.0 | 50.5 | 9.4 | 8.4 | 11.2 | 22.8 | 30.2 |
| Price / sales | 1.6 | 1.9 | 2.0 | 2.5 | 5.9 | 2.8 | 3.6 | 3.9 | 8.6 | 11.4 |
| Price / book | 0.6 | 0.7 | 0.7 | 0.6 | 0.8 | 0.6 | 0.9 | 0.8 | 1.3 | 1.4 |
| Price / free cash flow | 3.0 | 17.9 | 5.6 | 6.1 | 0.4 | 4.5 | 15.5 | 83.6 | 92.1 | 25.9 |
| Price / operating cash flow | 3.0 | 17.9 | 5.6 | 6.1 | 8.9 | 4.5 | 15.5 | 83.6 | 92.1 | 25.9 |
| EV / sales | 8.9 | 9.4 | 8.7 | 13.5 | 18.7 | 14.0 | 15.6 | 13.9 | 18.3 | 17.5 |
| EV / EBITDA | 12.8 | 11.8 | 30.6 | 46.6 | 24.8 | 42.1 | 53.5 | 45.1 | 45.1 | 39.1 |
| EV / free cash flow | 16.9 | 90.1 | 25.1 | 32.6 | 1.4 | 22.4 | 68.4 | 297.5 | 196.6 | 39.7 |
| Earnings yield | 9.5% | 6.7% | 13.1% | 1.6% | 2.0% | 10.6% | 11.9% | 8.9% | 4.4% | 3.3% |
| Free cash flow yield | 33.8% | 5.6% | 17.8% | 16.4% | 233.3% | 22.4% | 6.4% | 1.2% | 1.1% | 3.9% |
| Dividend yield | 16.8% | 14.1% | 13.0% | 15.1% | 5.2% | 9.7% | 8.6% | 6.2% | 5.0% | 4.4% |
| Shareholder yield (dividends + buybacks) | 18.5% | 14.6% | 14.1% | 16.9% | 6.1% | 11.6% | 10.6% | 8.8% | 7.7% | 6.5% |
| Share price at fiscal year-end | $10.03 | $12.54 | $13.51 | $12.90 | $14.94 | $5.81 | $7.92 | $6.67 | $8.65 | $10.19 |
| Per share | ||||||||||
| Revenue per share | $6.45 | $6.71 | $6.92 | $5.13 | $2.55 | $2.07 | $2.23 | $1.71 | $1.01 | $0.89 |
| Earnings per share | $0.95 | $0.84 | $1.76 | $0.20 | $0.30 | $0.62 | $0.94 | $0.59 | $0.38 | $0.34 |
| Operating cash flow per share | $3.39 | $0.70 | $2.40 | $2.13 | $1.69 | $1.30 | $0.51 | $0.08 | $0.09 | $0.39 |
| Free cash flow per share | $3.39 | $0.70 | $2.40 | $2.12 | $34.86 | $1.30 | $0.51 | $0.08 | $0.09 | $0.39 |
| Cash per share | $1.94 | $2.25 | $4.10 | $5.79 | $54.36 | $0.92 | $0.98 | $2.15 | $0.94 | $1.33 |
| Book value per share | $16.72 | $18.48 | $18.94 | $21.82 | $19.63 | $8.99 | $9.18 | $8.24 | $6.86 | $7.12 |
| Tangible book value per share | $11.85 | $17.99 | $18.42 | $21.06 | $19.08 | $8.84 | $9.02 | $8.24 | $6.86 | $7.12 |
| Dividends per share | $1.69 | $1.77 | $1.75 | $1.95 | $0.78 | $0.56 | $0.68 | $0.42 | $0.44 | $0.45 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.01 | $33.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $49.31 | $52.70 | $50.82 | $62.10 | $87.15 | $24.20 | $27.93 | $19.21 | $10.75 | $6.77 |
| Shares outstanding | 86.2M | 81.8M | 82.3M | 71.6M | 86.9M | 88.8M | 89.0M | 89.0M | 89.0M | 89.0M |
| Change in shares outstanding | +5.3% | −0.6% | +14.9% | −17.5% | −2.2% | −0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.6% | 4.5% | 9.3% | 0.9% | 2.1% | 6.8% | 10.8% | 7.9% | 5.4% | 4.7% |
| Return on invested capital (ROIC) | 6.5% | 2.1% | 2.8% | 1.0% | 3.9% | 1.9% | 0.8% | 2.5% | 2.8% | 1.5% |
| Return on assets (ROA) | 1.4% | 1.2% | 2.4% | 0.2% | 0.4% | 1.6% | 2.7% | 2.5% | 2.4% | 2.4% |
| Return on tangible assets | 1.5% | 1.2% | 2.5% | 0.2% | 0.3% | 1.7% | 2.4% | 2.0% | 2.1% | 2.4% |
| Free cash flow margin | 52.5% | 10.4% | 34.7% | 41.3% | — | 62.6% | 22.9% | 4.7% | 9.3% | 44.1% |
| Income quality (OCF / net income) | 3.55 | 0.83 | 1.36 | 10.57 | 5.70 | 2.11 | 0.54 | 0.13 | 0.25 | 1.17 |
| Financial health | ||||||||||
| Total debt | $4.25B | $4.31B | $4.18B | $4.45B | $7.57B | $2.15B | $2.49B | $1.71B | $956.6M | $602.8M |
| Cash & short-term investments | $167.3M | $184.4M | $337.6M | $415.0M | $4.72B | $82.1M | $87.2M | $191.4M | $83.7M | $118.0M |
| Net debt | $4.08B | $4.13B | $3.85B | $4.03B | $2.85B | $2.07B | $2.40B | $1.52B | $872.9M | $484.7M |
| Debt / equity | 2.95 | 2.85 | 2.68 | 2.85 | 4.44 | 2.69 | 3.04 | 2.33 | 1.57 | 0.95 |
| Debt / assets | 0.70 | 0.72 | 0.70 | 0.72 | 0.80 | 0.67 | 0.70 | 0.66 | 0.60 | 0.48 |
| Net debt / EBITDA | 10.58 | 9.43 | 23.75 | 37.88 | 17.05 | 33.66 | 41.33 | 32.39 | 23.95 | 13.62 |
| Current ratio | 18.43 | 17.09 | 20.08 | 11.01 | 2.20 | 13.53 | 7.32 | 42.19 | 28.57 | 15.30 |
| Quick ratio | 18.43 | 17.09 | 19.65 | 10.76 | 2.18 | 13.41 | 7.24 | 42.20 | 28.57 | 15.30 |
| Interest coverage | 1.3 | 0.3 | 0.5 | 0.3 | 2.7 | 0.9 | 0.3 | 0.7 | 1.1 | 1.5 |
| Working capital | $4.77B | $5.08B | $5.16B | $5.23B | $5.08B | $2.75B | $2.67B | $2.52B | $1.53B | $1.12B |
| Invested capital | $5.52B | $5.64B | $5.40B | $5.60B | $4.55B | $2.87B | $3.21B | $2.25B | $1.48B | $1.12B |
| Tangible asset value | $1.11B | $1.48B | $1.54B | $1.52B | $1.66B | $784.9M | $802.4M | $733.2M | $610.3M | $633.6M |
| Net current asset value | $513.3M | $910.3M | $1.06B | $1.12B | $1.56B | $576.2M | $365.8M | $706.0M | $610.2M | $584.6M |
| Graham number | $18.95 | $18.71 | $27.42 | $9.95 | $11.43 | $11.17 | $13.96 | $10.49 | $7.65 | $7.35 |
| Graham net-net per share | −$8.33 | −$4.90 | −$1.92 | −$2.17 | $4.60 | −$1.57 | −$4.31 | $1.08 | $2.54 | $3.47 |
| Capital allocation | ||||||||||
| Dividends paid | $145.6M | $144.9M | $144.3M | $139.4M | $68.0M | $49.8M | $60.6M | $37.0M | $38.8M | $40.3M |
| Share buybacks (net) | $14.4M | $4.9M | $12.5M | $16.6M | $11.4M | $10.3M | $13.8M | $15.1M | $20.5M | $19.0M |
| Dividend payout ratio | 176.9% | 210.4% | 99.4% | 966.1% | 264.4% | 90.9% | 72.2% | 70.0% | 114.9% | 134.2% |
| Dividends + buybacks / free cash flow | 54.8% | 261.7% | 79.5% | 102.7% | 2.6% | 52.1% | 164.0% | 733.1% | 710.7% | 169.1% |
| Capex / revenue | 0.1% | 0.0% | 0.0% | 0.2% | 1,300.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.1% | 0.0% | 0.0% | 0.4% | 1,966.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.04 | 0.00 | 0.00 | 0.12 | 1,367.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 1.6% | 1.5% | 0.8% | 0.7% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 23.4% | 10.6% | 17.9% | 17.5% | 21.4% | 21.3% | 22.3% | 21.1% | 24.0% | 24.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 3,298.9 | 3,418.8 | 3,335.3 | 4,893.0 | 6,095.9 | 5,802.7 | 4,920.2 | 4,623.4 | 5,220.3 | 2,484.0 |
| Days of inventory on hand | — | — | 145.5 | 239.9 | 349.7 | 160.8 | 67.5 | -2.5 | -0.7 | 0.0 |
| Days payables outstanding | 139.3 | 15.0 | 18.5 | 33.5 | 53.5 | 41.7 | 30.2 | 23.5 | 32.0 | 62.8 |
| Cash conversion cycle (days) | 3,159.6 | 3,403.8 | 3,462.3 | 5,099.4 | 6,392.1 | 5,921.7 | 4,957.5 | 4,597.3 | 5,187.5 | 2,421.2 |
| Receivables turnover | 0.11 | 0.11 | 0.11 | 0.07 | 0.06 | 0.06 | 0.07 | 0.08 | 0.07 | 0.15 |
| Payables turnover | 2.62 | 24.37 | 19.71 | 10.91 | 6.82 | 8.75 | 12.09 | 15.54 | 11.39 | 5.81 |
| Inventory turnover | — | — | 2.51 | 1.52 | 1.04 | 2.27 | 5.41 | — | — | 23,169,000.00 |
| Asset turnover | 0.09 | 0.09 | 0.09 | 0.05 | 0.04 | 0.05 | 0.06 | 0.07 | 0.06 | 0.06 |
| Average receivables | $5.02B | $5.14B | $5.20B | $4.92B | $3.70B | $2.93B | $2.68B | $1.93B | $1.28B | $540.4M |
| Average payables | $16.7M | $13.9M | $15.5M | $15.2M | $8.9M | $8.0M | $7.7M | $4.5M | $2.8M | $4.0M |
| Average inventory | — | — | $121.8M | $108.9M | $58.3M | $30.9M | $17.2M | −$489,000 | −$66,000 | $1 |
| Intangibles / total assets | 6.9% | 0.7% | 0.7% | 0.9% | 0.5% | 0.4% | 0.4% | 0.0% | 0.0% | 0.0% |
Computed from FBRT's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FBRT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Franklin BSP Realty traded at 10.5 times earnings, against a 10-year median of 13.1. Based on the latest twelve months, the trailing P/E is 14.1. Franklin BSP Realty earned a return on equity of 5.6% and a return on invested capital of 6.5% in fiscal 2025. It ended the year with $4.3 billion of debt and $167.3 million in cash and short-term investments, net debt of $4.1 billion. It returned $159.9 million to shareholders: $145.6 million in dividends and $14.4 million in share buybacks, 55% of free cash flow. The share count fell 3.1% from 89.0M to 86.2M over 9 years.
See the FBRT income statement, the FBRT chart for price history, or the FBRT stock overview for the latest quote and news.
FBRT key metrics FAQ
What is Franklin BSP Realty's P/E ratio?
Franklin BSP Realty's trailing P/E ratio is 14.1 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 10.5, compared with a 10-year median of 13.1.
What is Franklin BSP Realty's EV/EBITDA?
Franklin BSP Realty's enterprise value was 12.8 times EBITDA at the end of fiscal 2025 (enterprise value $4.9 billion, EBITDA $385.9 million); the current EV/EBITDA is 200.8.
What is Franklin BSP Realty's return on equity?
Franklin BSP Realty's return on equity (ROE) was 5.6% in fiscal 2025: net income of $82.3 million on average shareholders' equity of $1.5 billion.
What is Franklin BSP Realty's ROIC?
Franklin BSP Realty's return on invested capital was 6.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Franklin BSP Realty have?
Franklin BSP Realty had total debt of $4.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.95 and $4.1 billion of net debt (10.58 times EBITDA).
What is Franklin BSP Realty's dividend yield?
Franklin BSP Realty's forward dividend yield is 12.88%. Franklin BSP Realty paid $145.6 million in dividends in fiscal 2025 ($1.69 per share), a payout ratio of 176.9%.
Does Franklin BSP Realty buy back its shares?
Yes. Franklin BSP Realty spent $14.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +5.3% over the year, to 86.2M..
What is Franklin BSP Realty's free cash flow yield?
Franklin BSP Realty generated $291.9 million of free cash flow in fiscal 2025, a free cash flow yield of 33.8% on its market value at year-end ($864.5 million).
What is Franklin BSP Realty's current ratio?
Franklin BSP Realty's current ratio was 18.43 at the end of fiscal 2025: current assets were 18.43 times current liabilities.