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← CockpitCompetitor Analysis › FBRT Franklin BSP Realty Trust, Inc.Open in the cockpit ↗

Franklin BSP Realty Trust, Inc.FBRTCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum weak 22
Mkt cap
$469M
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$7.55M
20-day average traded
P/B
0.43×
price to book
ROE
1.1%
delivered
Implied ROE
6.3%
what the price asks
Next earnings
103 days
17 Feb 2027
Close · USD$6.20
1D-1.3%
1W+3.2%
1M-1.0%
3M-20.6%
6M-31.8%
YTD-38.2%
1Y-39.7%
ATR %4.1%
Beta0.67
52w lowhigh42.7% off high

What Franklin BSP Realty Trust does

Employees: 223

Franklin BSP Realty Trust at a glance

Size Franklin BSP Realty Trust (FBRT) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $469M, the 2742nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $6.20 on 6 Nov 2026.

Performance Over six months the shares fell 31.8%, against -14.8% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue fell 1.2% over the last twelve months (peer median +8.3%); the operating margin is 49.5% (peer median 48.0%).

Valuation It trades at 0.43× book value against a peer median of 0.75× (5th cheapest of 20).

Price implies The share price implies a return on equity of about 6.3%; Franklin BSP Realty Trust delivers 1.1%, so the price asks more than the business earns today.

Short interest Short interest is 7.5% of the free float (15 Oct 2026).

Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 88FBRT 71
Six months, rebased to 100: Franklin BSP Realty Trust against the median of its 20 peers (local-currency closes).

Franklin BSP Realty Trust financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$541M$556M$553M$567M$310M
Revenue growth—+1%-2%+83%—
Gross profit$506M$522M$521M$526M$279M
EBITDA$333M$378M$473M$486M$222M
Net income$17.1M$80.2M$94.1M$144M$14.4M
Free cash flow$217M$292M$57.2M$197M$153M
Capital expenditure$300,000$360,000$0$0$0
Total debt$3.94B$4.24B$4.31B$4.18B$4.44B

Quarterly statements and history in the cockpit →

Franklin BSP Realty Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%-20%0%NRRHPP3492OLP34870435YTST180305LIVEGOOD293940APR-UN32903476TRTX365550ADAM0948000405M1GUFBRT6-month return →1-month return →
Up and to the right = strong over both horizons. Franklin BSP Realty Trust is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%10%00×10×20×30×NRRHPP3492OLP34870435YTST180305GOODAPR-UNTRTX3655500405M1GUFBRTReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Franklin BSP Realty Trust is the large dot.

Capital: ROE delivered against the ROE the price implies

-10%0%10%20%0%20%NRRHPP349234870435LIVEGOOD365550ADAMFBRTROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Franklin BSP Realty Trust is the large dot.

Franklin BSP Realty Trust competitors and peer comparison

How Franklin BSP Realty Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Franklin BSP Realty Trust against its 20 peers (data as of 6 Nov 2026)
MeasureFBRTPeer medianRank in peer set
1-month return-1.0%-3.6%9th highest of 21
6-month return-31.8%-14.8%3rd lowest of 21
Return on equity1.1%5.4%6th lowest of 20
Price / book0.43×0.75×5th cheapest of 20
ROE the price implies6.3%5.1%7th most demanding of 20
ROE delivered1.1%4.2%6th lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Franklin BSP Realty Trust FBRTUnited States$469M-32%-1%1%0.43×6.3%1.1%
NewRiver REIT NRR.LUnited Kingdom$470M+6%+45%7%0.75×8.8%6.7%
Hudson Pacific Properties HPPUnited States$471M-22%+3%-18%0.19×5.3%-17.8%
MIRARTH Real Estate Investment 3492.TJapan$461M-18%+35%5%0.73×3.7%5.5%
One Liberty Properties OLPUnited States$461M-10%+11%8%1.47×12.5%n/a
CRE Logistics REIT 3487.TJapan$460M-23%+23%5%0.89×4.2%5.4%
Sunlight Real Estate Investment Trust 0435.HKHong Kong$481M-10%-5%-2%0.31×4.3%-1.8%
Testa Residencial Socimi YTST.MCSpain$482M+13%-2%10%0.42×4.1%9.5%
China Southern SF Express Closed Infrastructure REIT 180305.SZChina$490M-12%n/a1%1.01×5.1%1.2%
Living REIT LIVE.LUnited Kingdom$443M0%+5%4%0.75×6.8%4.2%
Gladstone Commercial GOODUnited States$497M-21%+11%5%3.36×27.5%5.4%
Shinhan Alpha REIT 293940.KSSouth Korea$497M-8%+45%3%1.09×5.7%3.1%
Automotive Properties Real Estate Investment Trust APR-UN.TOCanada$499M+11%+18%9%0.96×5.1%9.1%
One REIT 3290.TJapan$435M-10%0%6%0.91×4.4%6.4%
MIRAI 3476.TJapan$431M-23%-22%6%0.77×3.8%5.8%
TPG RE Finance Trust TRTXUnited States$512M-21%+6%4%0.50×7.7%4.1%
ESR Kendall Square REIT 365550.KSSouth Korea$513M-37%+11%1%0.63×4.6%0.6%
Adamas Trust ADAMUnited States$514M-36%+35%0%0.70×9.0%-0.1%
Mirae Asset Maps Realty Real Estate Public Investment 094800.KSSouth Korea$424M-17%n/an/an/an/an/a
Yuexiu Real Estate Investment Trust 0405.HKHong Kong$424M-19%-11%-3%0.20×4.3%-3.3%
Alpha Integrated Real Estate Investment Trust M1GU.SISingapore$423M-1%+6%11%0.91×3.9%n/a

Questions

Which companies are Franklin BSP Realty Trust's closest peers?
The cockpit's peer set: NewRiver REIT (NRR.L), Hudson Pacific Properties (HPP), MIRARTH Real Estate Investment (3492.T), One Liberty Properties (OLP), CRE Logistics REIT (3487.T), Sunlight Real Estate Investment Trust (0435.HK), Testa Residencial Socimi (YTST.MC), China Southern SF Express Closed Infrastructure REIT (180305.SZ).
Is Franklin BSP Realty Trust expensive compared with its peers?
On price / book it trades at 0.43× against a peer median of 0.75×, 5th cheapest of 20 in its peer set. The share price implies a return on equity of about 6.3%; Franklin BSP Realty Trust delivers 1.1%, so the price asks more than the business earns today.
How has Franklin BSP Realty Trust stock performed?
Over six months to 6 Nov 2026 the shares returned -31.8% against -14.8% for the median peer; over one year -39.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.