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Franklin BSP Realty Trust

FBRT

Franklin BSP Realty Trust, Inc. is a real estate investment trust (REIT) that focuses on the origination, acquisition, and management of commercial real estate debt and multifamily finance products.

Market cap
$585.69M-29.3%
Revenue$289.4M+33.4%
Net income$70.2M-16.5%
EPS (diluted)$0.51-25.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (Tomorrow)
Revenue estimate$80.2M
EPS estimate$0.23

Financials

Q1 2026

Income statement

See full
Revenue$74.4M+35.1%
Net income$12.0M-50.2%
EPS (diluted)$0.07-65.0%

Balance sheet

See full
Cash & equivalents$115.6M-46.3%
Total debt$10.0M
Total equity$1.4B-7.2%
Total assets$6.3B+11.4%

Cash flow

See full
Operating cash flow-$54.0M-146%

Valuation & ratios

Valuation

See full
Market cap$585.69M-29.3%
Enterprise value$480.12M
P/E8.3×+0.5×
P/S-2.0×

Profitability

See full
Net margin24.3%-14.5pp

Returns & leverage

See full
Return on equity4.9%-0.6pp
Debt / equity

Competitors

Profile

Franklin BSP Realty Trust, Inc. is a real estate investment trust (REIT) that focuses on the origination, acquisition, and management of commercial real estate debt and multifamily finance products. The company generates value through interest income from its lending portfolio and fee-based income from its agency servicing and origination activities. It is externally managed by Benefit Street Partners L.L.C., a subsidiary of Franklin Templeton.

Competitive position

A specialized mortgage REIT leveraging the broader credit platform of Franklin Templeton to source and underwrite diverse CRE debt.

GeographiesUnited States
Customer segmentsCommercial borrowers, Institutional investors, Government-sponsored enterprises
Business modelAsset management, Lending, Loan servicing, Securitization
SuppliersCapital markets, Repurchase agreement providers, External investment advisory services
CustomersCommercial real estate developers, Multifamily property investors, GSEs, Institutional bond buyers
Listed2020
CEOMichael Comparato
FilingsSEC EDGAR

Questions, answered.

What is Franklin BSP Realty Trust's market cap?
Franklin BSP Realty Trust (FBRT) has a market capitalization of $585.7M and trades on NYSE.
What is Franklin BSP Realty Trust's revenue and profitability?
Franklin BSP Realty Trust generated $289.4M in trailing twelve-month revenue with net income of $70.2M, representing a net margin of 24.3%. These figures are based on the Q1 2026 filing.
Who are Franklin BSP Realty Trust's competitors?
Franklin BSP Realty Trust's key competitors include Blackstone Mortgage Trust, Inc., Starwood Property Trust, Inc., Arbor Realty Trust, Inc., and others. These companies compete in similar markets and product categories.
Who does Franklin BSP Realty Trust partner with?
Franklin BSP Realty Trust's notable partners include Benefit Street Partners L.L.C., Franklin Resources, Inc., Fannie Mae, and others.
What subsidiaries does Franklin BSP Realty Trust have?
Franklin BSP Realty Trust's subsidiaries include NewPoint Holdings JV LLC, FBRT OP LLC.
Where is Franklin BSP Realty Trust headquartered?
Franklin BSP Realty Trust is headquartered in United States of America. It has been publicly traded since 2020.