Franklin BSP Realty Trust (FBRT) AI Stock Analysis

• Market Cap: $985.73M
• Dividend Yield: 13.05%
• Average Volume (3M): 650.39K
• Price to Earnings (P/E): 16.0
• Beta (1Y): 0.61
• Revenue Growth: -6.28%
• EPS Growth: -49.57%
• Country: US
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 56
• Industry: REIT - Mortgage
• EPS (TTM): -0.12
• Shares Outstanding: 90,600,580
• 10 Day Avg. Volume: 433,948
• 30 Day Avg. Volume: 650,395
• PEG Ratio: -0.86
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.67
• Enterprise Value/Market Cap: 0.69
• Enterprise Value/Revenue: 0.44
• Enterprise Value/Gross Profit: 3.98
• Enterprise Value/Ebitda: 1.19
• 1Y Price Target: $14.67
• Price Target Upside: 34.83% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 62 Neutral
• Price Target: $11.50 ▲(5.70%Upside)

Franklin BSP Realty Trust's overall stock score reflects a balance of strong strategic moves, such as the NewPoint acquisition, against financial and operational challenges. The high dividend yield provides an attractive valuation aspect, while technical indicators suggest a neutral market sentiment.

Positive Factors

Loan Portfolio

The loan portfolio is backed by 99% senior loans and 93% of the portfolio is floating rate, ensuring strong financial stability.

New Business Line

Franklin BSP Realty Trust, Inc. is adding a new business line that positions it to be a leading multi-channel CMREIT.

Negative Factors

Dividend Coverage

The company's quarterly dividend of $0.355 per share is not fully covered by its reported earnings per share.

Loan Downgrades

FBRT saw two loans downgraded to its watchlist, both of which were originated during the 'easy money era' of 2021/1H22.

Franklin BSP Realty Trust Business Overview & Revenue Model

Company Description

Franklin BSP Realty Trust (FBRT) is a real estate investment trust (REIT) that primarily focuses on originating, acquiring, and managing a diversified portfolio of commercial real estate debt investments. The company operates predominantly within the commercial real estate sector, providing capital solutions to property owners and investors across various property types, including office, multifamily, industrial, and retail.

How the Company Makes Money

Franklin BSP Realty Trust generates revenue primarily through interest income from its portfolio of commercial real estate debt investments. These investments include first mortgage loans, subordinate loans, and other real estate-related securities. The company earns interest income by providing these loans and collecting interest payments over the life of the loan. Additionally, FBRT may also receive income from fees associated with loan origination and other services. The trust's earnings are largely influenced by the interest rate environment, the credit quality of its borrowers, and the overall performance of the commercial real estate market. Strategic partnerships with real estate professionals and financial institutions also play a role in sourcing and managing its investment opportunities.

Franklin BSP Realty Trust Financial Statement Overview

Summary

Franklin BSP Realty Trust shows a mixed financial outlook. While operational efficiencies have improved, revenue consistency and cash flow stability remain challenging. The balance sheet is strong due to reduced leverage, but asset management issues persist.

Income Statement

Franklin BSP Realty Trust has shown fluctuating revenue with a noticeable decline in the most recent year. The company experienced negative gross profit in 2023 and a significant drop in net income in 2024. However, EBIT and EBITDA margins have improved, indicating better operational efficiency. Overall, the income statement reflects instability in revenue but some operational improvements.

Balance Sheet

The balance sheet shows a strong equity base with no total debt reported in the latest year, suggesting reduced leverage risk. However, the equity ratio has been inconsistent, reflecting potential asset management issues. Overall, the balance sheet is stable, with a strong equity position and reduced leverage risk, but the fluctuations in equity ratio indicate areas for improvement.

Cash Flow

The cash flow statement indicates volatility, with operating cash flow dropping to zero in the most recent year. Free cash flow also saw a decline, indicating cash management challenges. The company needs to focus on improving cash generation consistency to enhance financial stability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	548.92M	230.79M	367.36M	221.65M	184.17M
Gross Profit	210.45M	-108.63M	201.65M	160.81M	113.96M
EBITDA	116.41M	163.18M	106.55M	167.07M	64.58M
Net Income	68.89M	145.22M	14.43M	25.70M	54.75M
Balance Sheet
Total Assets	6.00B	5.96B	6.20B	9.47B	3.19B
Cash, Cash Equivalents and Short-Term Investments	387.42M	343.69M	415.04M	154.93M	82.07M
Total Debt	4.31B	4.18B	4.45B	7.57B	2.15B
Total Liabilities	4.48B	4.28B	4.63B	7.76B	2.39B
Stockholders Equity	1.51B	1.65B	1.56B	1.71B	798.44M
Cash Flow
Free Cash Flow	57.23M	197.39M	151.85M	3.03B	115.33M
Operating Cash Flow	57.23M	197.39M	152.51M	146.50M	115.33M
Investing Cash Flow	-155.47M	380.81M	3.10B	1.07B	240.69M
Financing Cash Flow	-48.58M	-424.99M	-3.23B	-1.14B	-373.00M

Franklin BSP Realty Trust Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBRT, the sentiment is Negative. The current price of 10.88 is above the 20-day moving average (MA) of 10.76, above the 50-day MA of 10.75, and below the 200-day MA of 11.57, indicating a bearish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 47.12 is Neutral, neither overbought nor oversold. The STOCH value of 24.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FBRT.

Franklin BSP Realty Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EFC	65 Neutral	$1.25B	9.57	9.59%	11.67%	11.91%	52.26%
CIM	63 Neutral	$1.13B	9.30	8.09%	10.60%	7.13%	64.82%
FBRT	62 Neutral	$985.73M	16.00	5.07%	13.05%	-6.28%	-49.57%
MFA	62 Neutral	$947.49M	9.40	7.34%	15.45%	26.34%	79.07%
DX	60 Neutral	$1.34B	16.10	6.01%	16.13%	73.74%	-34.10%
Sector *	54 Neutral	$1.18B	3.56	0.13%	6.38%	-2.13%	-128.06%
RC	46 Neutral	$719.54M	―	-12.42%	11.60%	-31.47%	-204.79%

Franklin BSP Realty Trust Corporate Events

Franklin BSP Realty Trust Completes Major Acquisition

On July 1, 2025, Franklin BSP Realty Trust, Inc. completed the acquisition of NewPoint Holdings JV L.L.C. for $425 million, marking a significant strategic expansion in its multifamily lending capabilities. This acquisition is expected to enhance FBRT’s long-term stockholder value by integrating agency lending capabilities and creating a comprehensive lending solution, thereby positioning the company for future growth and opportunities in partnership with NewPoint.

The most recent analyst rating on (FBRT) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Franklin BSP Realty Trust stock, see the FBRT Stock Forecast page.

Franklin BSP Realty Trust Issues $107M in Senior Notes

On June 20, 2025, Franklin BSP Realty Trust, Inc. announced the issuance of $107 million in unsecured senior notes through its operating partnership, FBRT OP LLC. The issuance includes $82 million of fixed-rate notes due in 2030 and $25 million of floating-rate notes due in 2028. The proceeds are expected to be used for general corporate purposes, potentially including the acquisition of NewPoint Holdings JV LLC. The notes were offered to qualified institutional buyers and accredited investors under specific regulatory exemptions, and they will not initially be registered under the Securities Act.

The most recent analyst rating on (FBRT) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Franklin BSP Realty Trust stock, see the FBRT Stock Forecast page.

Franklin BSP Realty Trust Holds Annual Stockholder Meeting

On May 28, 2025, Franklin BSP Realty Trust, Inc. held its annual meeting of stockholders where several key decisions were made. The stockholders elected seven directors to the board for one-year terms and ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025. However, a proposal to eliminate supermajority voting requirements was not approved, while the advisory vote on executive compensation was passed.

The most recent analyst rating on (FBRT) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Franklin BSP Realty Trust stock, see the FBRT Stock Forecast page.