Franklin BSP Realty Trust, Inc. (FBRT) Stock Price & Analysis
Franklin BSP Realty Trust, Inc. (FBRT) is trading at USD 6.15, down 1.60% today, as of October 23, 2026 at 17:27 UTC (US market open; quotes may be delayed), according to Nexqual market data.
FBRT last closed at USD 6.25; today's session has ranged USD 6.12–6.22 on volume of 239,346 shares. Market capitalization is $510.73M, with a 52-week range of USD 5.9–10.88 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 17:28 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FBRT.md
Key facts (FBRT)
- Last four reported quarters (through Jun 30, 2026): revenue $305M, net income $62.6M (20.5% margin) (SEC filings).
- Valuation: P/E 8.2x (avg 9.6x at the last 3 fiscal year-ends).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $492K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.20 on a 1–5 scale) (5 analysts), mean target USD 11.67 (range 10–13).
- Total return with dividends: 1Y -36.1% vs S&P 500 +14.4%; 5Y -35.0% vs S&P 500 +77.0%.
- Next earnings: 2026-10-28, EPS estimate USD 0.25, revenue estimate $73.1M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FBRT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $165M | $207M | $269M | $223M | $270M | $305M |
| Net income | $25.7M | $14.4M | $145M | $95.9M | $82.3M | $62.6M |
| EPS (diluted) | -$0.18 | -$0.38 | $1.42 | $0.82 | $0.64 | — |
| Net margin | 15.5% | 7.0% | 54.0% | 42.9% | 30.5% | 20.5% |
| Revenue growth | +40.7% | +25.0% | +29.9% | -16.9% | +20.9% | — |
| Cash + short-term investments | $155M | $179M | $338M | $184M | $167M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FBRT)
P/E 8.2x · P/S 1.7x · P/B 0.4x · Earnings yield 12.25% · Dividend yield (paid, TTM) 25.55% · Buyback yield (TTM) 13.74%
P/E at fiscal year-ends: Dec 2025 10.5x, Dec 2024 10.7x, Dec 2023 7.7x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (FBRT)
1 purchase, $492K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2022-09-06…2026-06-15 | Ortale Buford H | Director | 39,597 | $492K | 12.42 | Too little history (no open-market trades in 2024 or 2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (FBRT)
Consensus Buy (mean 2.20 on a 1–5 scale), 5 analysts; mean target USD 11.67 (low 10, high 13).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-18 | BTIG | Downgrade | Buy → Neutral | |
| 2026-09-11 | Jones Trading | Maintained | Buy | $12 |
| 2026-07-06 | Citizens | Reiterated | Market Outperform | $11 |
Total return (dividends reinvested) (FBRT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -36.1% | -35.0% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | -36.1% | -8.3% |
| Volatility (annualized) | 31.1% | 27.5% |
| Max drawdown | -39.1% (Feb 2026→Oct 2026) | -44.2% (Feb 2025→Oct 2026) |
FBRT revenue by business segment (quarter ended Jun 30, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Real Estate Owned | $8.3M | 100.0% | +104.7% |
| Total revenue | $8.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FBRT company outlook (results filed Jul 29, 2026)
- “Further, Distributable Earnings to Common, a non-GAAP measure, presents Distributable Earnings net of (x) perpetual preferred stock dividend payments and (y) non-controlling interests in joint ventures. 1 Fully Converted assumes conversion of our series of convertible preferred stock and OP Units along with full vesting of our outstanding equity compensation awards.”
- “(7) Fully Converted assumes conversion of our series of convertible preferred stock and OP units along with full vesting of our outstanding equity compensation awards.”
Quoted word-for-word from the SEC 8-K results press release.
FBRT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.25 | $0.28 | -9.1% | $73.1M | 5 |
| Next quarter (ends Dec 2026) | $0.25 | $0.28 | -10.0% | $68.4M | 5 |
| Current fiscal year (ends Dec 2026) | $0.84 | $0.92 | -8.5% | $281.2M | 5 |
| Next fiscal year (ends Dec 2027) | $1.12 | $1.21 | -6.7% | $309.0M | 5 |
Key Statistics (as of October 23, 2026 at 17:28 UTC)
| Price | USD 6.15 |
|---|---|
| Change | ▼ 1.60% (down) |
| Previous Close | USD 6.25 |
| Open | USD 6.19 |
| Day Range | USD 6.12 – 6.22 |
| 52-Week Range | USD 5.9 – 10.88 |
| Volume | 239,346 shares |
| Market Cap | $510.73M |
| Exchange | NYQ |
Technical Analysis (FBRT)
Nexqual's technical model rates FBRT "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 17:28 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 35.8 (neutral) |
| vs SMA50 | Below (USD 7.31) |
| MACD | -0.33 (negative) |
Analyst Ratings (FBRT)
Wall Street analysts rate FBRT "Buy" based on 5 analysts, with a mean price target of USD 11.67 (range USD 10–13), per Nexqual as of October 23, 2026 at 17:28 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 11.67 |
| High Target | USD 13 |
| Low Target | USD 10 |
| Buy / Hold / Sell | 3 / 2 / 0 |
Earnings (FBRT)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0.25 |
| Revenue Estimate | $73.07M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.25 vs est 0.24 ▲ beat |
| 2026-03-31 | USD 0.09 vs est 0.23 ▼ miss |
| 2025-12-31 | USD 0.12 vs est 0.27 ▼ miss |
| 2025-09-30 | USD 0.22 vs est 0.3 ▼ miss |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
Financials & Fundamentals (FBRT)
| Total Revenue | $292.61M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +14.20% |
| Gross Margin | +99.64% |
| Operating Margin | +8.55% |
| Profit Margin | +21.38% |
| ROE | +4.12% |
| Debt / Equity | 2.7 |
| Current Ratio | 8.7 |
| Total Cash | $153.38M |
| Total Debt | $4.19B |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
Financial Health Score (FBRT)
Nexqual rates Franklin BSP Realty Trust, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 17:28 UTC.
| Growth | Strong — Revenue +28% YoY (annual) |
|---|---|
| Profitability | Mixed — Operating margin 9% |
| Balance Sheet | Weak — $153M cash vs $4.19B debt |
| Cash Flow | Solid — Operating cash flow $292M (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 4%, ROA 1.1% |
Ownership (FBRT)
| Insider Ownership | +1.54% |
|---|---|
| Institutional Ownership | +61.57% |
| Shares Outstanding | 83.05M |
| Float | 81.68M |
| Short % of Float | +9.04% |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
Leadership (FBRT)
Franklin BSP Realty Trust, Inc. is led by Richard Jan Byrne, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 17:28 UTC.
| CEO & Chairman of the Board | Richard Jan Byrne |
|---|---|
| Co-President, CFO, COO & Treasurer | Jerome Stephen Baglien |
| Co-President & Head of Real Estate Operations | Brian Buffone |
| Director of Investor Relations | Lindsey Crabbe |
Major Backers & Investors (FBRT)
Notable institutional backers of Franklin BSP Realty Trust, Inc. include Invesco, Gratia Capital, LLC, Franklin Resources, Inc., according to Nexqual as of October 23, 2026 at 17:28 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 2.23% |
| Gratia Capital, LLC | 2.13% |
| Franklin Resources, Inc. | 1.81% |
| UBS Group AG | 1.62% |
| GLOBAL X FUNDS-Global X SuperDividend ETF | 1.45% |
| Charles Schwab Investment Management, Inc. | 1.34% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 15.66% |
| Vanguard Group | 5.67% |
| State Street | 3.9% |
| Geode Capital | 2.49% |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
From Franklin BSP Realty Trust, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Partnerships
- Our Advisor has the authority to make all the decisions regarding our investments consistent with the investment guidelines and borrowing policies approved by our board of directors and subject to the direction and oversight of our board of directors.
- With respect to investments in commercial real estate debt, our board of directors has adopted investment guidelines that our Advisor must follow when acquiring such assets on our behalf.
Legal & Regulatory Risks (Item 1A, quoted)
- Failure to maintain certain qualifications and licenses could adversely affect our results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TRTX | TPG RE Finance Trust, Inc. | USD 6.21 | ▼ 0.16% |
| ABR | Arbor Realty Trust | USD 2.82 | ▼ 4.9% |
| BRSP | BrightSpire Capital, Inc. | USD 3.61 | ▼ 1.23% |
| IVR | INVESCO MORTGAGE CAPITAL INC | USD 5.48 | ▼ 0.82% |
| RWT | Redwood Trust, Inc. | USD 3.12 | ▲ 0% |
| MFA | MFA Financial, Inc. | USD 6.59 | ▼ 0.53% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 17:28 UTC. This page is informational and not investment advice.
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