FBRT · Franklin BSP Realty Trust, Inc.
No longer meets the screen criteria as of 2026-07-15 — EV=$3,357.5M ≥ $1,000M cap. The page is kept because the daily page for the day the insider bought links here, and that purchase still happened.
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. The Agency Business focuses on originating, selling, and servicing loans under programs offered by government-sponsored enterprises and agencies. The Commercial Real Estate Conduit Business is focused on generating risk-adjusted returns by originating and selling fixed-rate commercial real estate loans. The Real Estate Owned Business represents real estate acquired by the company through foreclosure, deed-in-lieu of foreclosure, and purchase. It also originates conduit loans. Franklin BSP Realty Trust, Inc. was formerly known as Benefit Street Partners Realty Trust, Inc. and changed its name to Franklin BSP Realty Trust, Inc. in October 2021. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $8.14 |
| SO | 77.0M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 77.0M |
| MC | $626.1M |
| Cash | $115.6M |
| Total debt | $2.85B ⚠ |
| EV | $3.36B |
| TTM Multiples | |
|---|---|
| EV / Revenue | 11.6x |
| EV / EBITDA | — |
| MC / Net Income | 8.6x |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 68.0% |
| Insiders | 1.7% |
| # Institutions | 282 |
| Analysts | 4 |
| Consensus | Buy |
| Avg target | $13.00 |
| Short % float | 8.4% |
| Days to cover | 3.93 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-04-27. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Debt figure uncertain — $1.73B of liabilities are neither recognized debt nor a named non-debt item. Verify against the filing before relying on EV.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 74.38 | 76.15 | 89.55 | 49.29 |
| Revenue YoY % | 35.1% | 33.6% | 65.7% | (3.1%) |
| Gross Profit | 27.02 | 28.00 | 29.68 | 40.96 |
| Gross Profit YoY % | (37.6%) | (40.8%) | (32.9%) | (12.5%) |
| Gross Margin % | 36.3% | 36.8% | 33.1% | 83.1% |
| SG&A | 2.33 | 2.66 | 3.46 | 3.88 |
| Interest Expense | 27.02 | 28.00 | 29.68 | 40.96 |
| Pretax Income | 13.22 | 24.65 | 14.72 | 24.25 |
| Tax Provision | 0.93 | 6.27 | (2.90) | (0.14) |
| Net Income | 12.29 | 18.38 | 17.62 | 24.38 |
| Net Income to Common | 11.98 | 17.70 | 17.31 | 23.20 |
| Net Margin % | 16.5% | 24.1% | 19.7% | 49.5% |
| Diluted EPS | $0.07 | $0.13 | $0.12 | $0.19 |
| Basic EPS | $0.07 | $0.13 | $0.12 | $0.19 |
| Diluted Avg Shares | 79.9 | — | 90.6 | 82.2 |
| Basic Avg Shares | 79.9 | — | 82.2 | 82.2 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 289.37 | 270.07 | 223.37 | 268.73 | 206.83 |
| Revenue YoY % | 7.1% | 20.9% | (16.9%) | 29.9% | — |
| Gross Profit | 125.66 | 141.95 | 187.60 | 246.93 | 197.18 |
| Gross Profit YoY % | (11.5%) | (24.3%) | (24.0%) | 25.2% | — |
| Gross Margin % | 43.4% | 52.6% | 84.0% | 91.9% | 95.3% |
| SG&A | 12.33 | 13.35 | 9.71 | 14.44 | 12.93 |
| Interest Expense | 125.66 | 141.95 | 187.60 | 305.58 | 160.53 |
| Pretax Income | 76.83 | 87.97 | 93.52 | 141.75 | 13.82 |
| Tax Provision | 4.16 | 3.88 | 1.12 | (2.76) | (0.40) |
| Net Income | 72.67 | 84.08 | 92.40 | 144.51 | 14.21 |
| Net Income to Common | 70.19 | 82.27 | 95.88 | 145.22 | 14.43 |
| Net Margin % | 25.1% | 31.1% | 41.4% | 53.8% | 6.9% |
| Diluted EPS | $0.51 | $0.64 | $0.82 | $1.42 | -$0.38 |
| Basic EPS | $0.51 | $0.65 | $0.82 | $1.42 | -$0.38 |
| Diluted Avg Shares | 79.9 | 86.2 | 81.8 | 82.3 | 71.6 |
| Basic Avg Shares | 79.9 | 82.0 | 81.8 | 82.3 | 71.6 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 115.60 | 167.29 | 116.65 | 414.08 |
| Operating Lease ROU | 8.00 | 8.40 | 8.80 | — |
| Goodwill | 92.05 | 92.05 | 90.85 | — |
| Intangible Assets | 113.05 | 115.55 | 117.98 | — |
| Long-term Investments | 98.63 | 71.68 | 69.07 | 23.38 |
| Other Assets | 5,873.68 | 5,602.27 | 5,815.12 | 5,192.76 |
| Total Assets | 6,301.00 | 6,057.25 | 6,218.48 | 5,630.22 |
| Other Liabilities | 4,731.21 | 4,436.02 | 4,562.71 | 4,044.83 |
| Total Liabilities | 4,731.21 | 4,436.02 | 4,562.71 | 4,044.83 |
| Retained Earnings | (420.74) | (411.10) | (392.84) | (373.71) |
| Total Equity | 1,569.79 | 1,621.22 | 1,655.77 | 1,585.39 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 115.60 | 167.29 | 184.44 | 337.60 | 179.31 |
| Operating Lease ROU | 8.00 | 8.40 | — | — | — |
| Goodwill | 92.05 | 92.05 | 0.00 | — | — |
| Intangible Assets | 113.05 | 115.55 | 39.83 | — | — |
| Long-term Investments | 98.63 | 71.68 | 13.39 | 0.00 | — |
| Other Assets | 5,873.68 | 5,602.27 | 5,764.71 | 5,617.59 | 6,024.29 |
| Total Assets | 6,301.00 | 6,057.25 | 6,002.39 | 5,955.18 | 6,203.60 |
| Other Liabilities | 4,731.21 | 4,436.02 | 4,392.58 | 4,279.22 | 4,530.47 |
| Total Liabilities | 4,731.21 | 4,436.02 | 4,392.58 | 4,279.22 | 4,530.47 |
| Retained Earnings | (420.74) | (411.10) | (348.07) | (298.94) | (299.23) |
| Total Equity | 1,569.79 | 1,621.22 | 1,609.81 | 1,675.96 | 1,673.14 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 12.29 | 18.38 | 17.62 | 24.38 |
| D&A | 3.42 | 3.40 | 3.43 | 1.38 |
| Stock-Based Comp | 2.40 | 2.32 | 2.24 | 2.32 |
| Δ Working Cap & Other | (72.13) | 287.91 | (171.41) | (16.26) |
| Operating Cash Flow | (54.01) | 312.01 | (148.13) | 11.82 |
| Other Investing | (246.11) | (92.90) | (52.11) | 238.87 |
| Investing Cash Flow | (246.11) | (92.90) | (52.11) | 238.87 |
| Stock Buyback | (39.82) | (14.37) | 0.00 | 0.00 |
| Dividends Paid | (35.96) | (36.44) | (36.46) | (36.44) |
| Other Financing | 327.17 | (126.98) | (42.22) | (15.57) |
| Financing Cash Flow | 251.39 | (177.79) | (78.68) | (52.01) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | 72.67 | 84.08 | 92.40 | 144.51 | 14.21 |
| D&A | 11.63 | 9.59 | 5.63 | 8.41 | 5.33 |
| Stock-Based Comp | 9.28 | 9.12 | 8.17 | 4.76 | 2.52 |
| Δ Working Cap & Other | 28.11 | 189.14 | (48.97) | 39.70 | 130.45 |
| Operating Cash Flow | 121.69 | 291.94 | 57.23 | 197.39 | 152.51 |
| Other Investing | (152.25) | 380.81 | (155.47) | 380.81 | 3,097.26 |
| Investing Cash Flow | (152.25) | 380.81 | (155.47) | 380.81 | 3,097.26 |
| Stock Issuance | — | — | — | — | 0.00 |
| Stock Buyback | (54.19) | (14.37) | (4.87) | (12.51) | (16.58) |
| Dividends Paid | (145.30) | (145.58) | (144.91) | (144.35) | (139.41) |
| Other Financing | 142.39 | (524.49) | 101.19 | (268.14) | (3,071.50) |
| Financing Cash Flow | (57.10) | (684.43) | (48.58) | (424.99) | (3,227.49) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 3.01 | 2.74 | 2.76 | 2.55 |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | — | — | — | — |
| ROE % | 0.8% | 1.1% | 1.1% | 1.5% |
| ROA % | 0.2% | 0.3% | 0.3% | 0.4% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 3.01 | 2.74 | 2.73 | 2.55 | 2.71 |
| EBITDA Margin % | — | — | — | — | — |
| Working Capital | — | — | — | — | — |
| Net Debt | — | — | — | — | — |
| ROE % | 4.6% | 5.2% | 5.7% | 8.6% | 0.8% |
| ROA % | 1.2% | 1.4% | 1.5% | 2.4% | 0.2% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-17 | ORTALE BUFORD H | Director | 2026-06-15 | P | 25,900 | $8.44 | $218,596 |
| 2026-06-17 | ORTALE BUFORD H | Director | 2026-06-15 | P | 3,697 | $19.75 | $73,016 |
| 2026-06-17 | ORTALE BUFORD H | Director | 2022-09-06 | P | 10,000 | $20.00 | $200,000 |
| 2026-06-10 | ORTALE BUFORD H | Director | 2026-06-08 | A | 12,835 | — | $0 |
| 2026-06-10 | Dumars Joe | Director | 2026-06-08 | A | 12,835 | — | $0 |
| 2026-06-10 | McDonough Peter J | Director | 2026-06-08 | A | 12,835 | — | $0 |
| 2026-06-10 | Tuppeny Elizabeth K. | Director | 2026-06-08 | A | 12,835 | — | $0 |
| 2026-06-10 | Augustine Patsy Joseph | Director | 2026-06-08 | A | 12,835 | — | $0 |
| 2026-03-04 | Buffone Brian | Officer (President) | 2026-03-03 | P | 27,000 | $9.41 | $254,132 |
| 2026-02-19 | ORTALE BUFORD H | Director | 2026-02-18 | P | 2,000 | $8.77 | $17,530 |
| 2026-02-19 | ORTALE BUFORD H | Director | 2026-02-17 | P | 2,000 | $8.88 | $17,760 |
| 2026-01-28 | Baglien Jerome S. | Officer (CFO and COO) | 2026-01-27 | A | 100,261 | — | $0 |
| 2026-01-28 | Baglien Jerome S. | Officer (CFO and COO) | 2026-01-27 | F | (27,264) | $10.17 | -$277,275 |
| 2026-01-28 | Byrne Richard J | Director, Officer (Chairman and CEO) | 2026-01-27 | A | 66,841 | — | $0 |
| 2026-01-28 | Byrne Richard J | Director, Officer (Chairman and CEO) | 2026-01-27 | F | (41,207) | $10.17 | -$419,075 |
| 2026-01-28 | Comparato Michael | Officer (President) | 2026-01-27 | A | 66,841 | — | $0 |
| 2026-01-28 | Comparato Michael | Officer (President) | 2026-01-27 | F | (28,584) | $10.17 | -$290,699 |
| 2025-11-21 | McDonough Peter J | Director | 2025-11-21 | S | (1,500) | $10.00 | -$14,996 |
| 2025-06-02 | Handwerker Jamie | Director | 2025-05-28 | A | 10,036 | — | $0 |
| 2025-06-02 | Dumars Joe | Director | 2025-05-28 | A | 10,036 | — | $0 |
| 2025-06-02 | McDonough Peter J | Director | 2025-05-28 | A | 10,036 | — | $0 |
| 2025-06-02 | Tuppeny Elizabeth K. | Director | 2025-05-28 | A | 10,036 | — | $0 |
| 2025-06-02 | ORTALE BUFORD H | Director | 2025-05-28 | A | 10,036 | — | $0 |
| 2025-06-02 | Augustine Patsy Joseph | Director | 2025-05-28 | A | 10,036 | — | $0 |
| 2025-01-29 | Comparato Michael | Officer (President) | 2025-01-27 | A | 136,882 | — | $0 |
| 2025-01-29 | Comparato Michael | Officer (President) | 2025-01-27 | F | (23,113) | $12.44 | -$287,526 |
| 2025-01-29 | Baglien Jerome S. | Officer (CFO and COO) | 2025-01-27 | A | 91,255 | — | $0 |
| 2025-01-29 | Baglien Jerome S. | Officer (CFO and COO) | 2025-01-27 | F | (23,204) | $12.44 | -$288,658 |
| 2025-01-29 | Byrne Richard J | Director, Officer (Chairman and CEO) | 2025-01-27 | A | 106,969 | — | $0 |
| 2025-01-29 | Byrne Richard J | Director, Officer (Chairman and CEO) | 2025-01-27 | F | (38,975) | $12.44 | -$484,849 |
| 2024-08-09 | Tuppeny Elizabeth K. | Director | 2024-08-07 | A | 2,025 | — | $0 |
| 2024-08-09 | ORTALE BUFORD H | Director | 2024-08-07 | A | 2,025 | — | $0 |
| 2024-08-09 | McDonough Peter J | Director | 2024-08-07 | A | 2,025 | — | $0 |
| 2024-08-09 | Handwerker Jamie | Director | 2024-08-07 | A | 2,025 | — | $0 |
| 2024-08-09 | Dumars Joe | Director | 2024-08-07 | A | 2,025 | — | $0 |
| 2024-08-09 | Augustine Patsy Joseph | Director | 2024-08-07 | A | 2,025 | — | $0 |