What is Franklin BSP Realty Trust, Inc.'s earnings per share (EPS)?

Franklin BSP Realty Trust, Inc. (FBRT) reported diluted earnings per share of $0.64 for fiscal year 2025. This represents a -22.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Franklin BSP Realty Trust, Inc. (FBRT) Financials

FBRT

Trailing 12 months to June 30, 2026

Revenue $305.4M +37.0% YoY

Net Income $64.4M -39.2% YoY

EPS (Diluted) $0.44 -55.1% YoY

Operating Cash Flow $158.1M -7.2% YoY

Market Cap $520.7M as of Oct 3, 2026

Price / Sales 1.7x on $305.4M revenue, trailing 12 months to June 30, 2026

Price / Earnings 8.1x on $64.4M net income, trailing 12 months to June 30, 2026

Price / Book 0.4x on $1.4B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FBRT SEC filings page.

Franklin BSP Realty Trust, Inc. (FBRT) reported $305.4M in revenue over the twelve months to Jun 30, 2026, up 37.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FBRT FY2025 2026-10-03

The trust’s highly leveraged asset base produced 2025 cash generation far above reported net income, while distributions exceeded earnings.

In FY2025, operating cash flow reached $291.9M against net income of $84.1M, showing that reported earnings and cash generation were not moving together. Cash conversion shifted from 0.6x in FY2024 to 3.5x in FY2025, indicating substantial year-to-year influence from non-earnings items or timing.

The balance sheet remains debt-funded: liabilities were $4.4B against $1.4B of equity. Debt-to-equity rose from 2.9x in FY2024 to 3.1x in FY2025, so the capital cushion narrowed even as total assets stayed broadly stable.

The trust paid $145.6M in dividends against net income of $84.1M in FY2025. That distribution gap means shareholder payments were not covered by accounting earnings alone, even though operating cash flow was unusually high.

Financial Health Signals

Financial Health Score 28/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Franklin BSP Realty Trust, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Franklin BSP Realty Trust, Inc. scores 67/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Franklin BSP Realty Trust, Inc. scores 16/100 on it among other REITs.

Leverage

Not available for Franklin BSP Realty Trust, Inc., and counted as zero in the overall score.

Interest Cov.

Not available for Franklin BSP Realty Trust, Inc., and counted as zero in the overall score.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Franklin BSP Realty Trust, Inc. scores 70/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Franklin BSP Realty Trust, Inc. scores 15/100 on it among other REITs.

Piotroski F-Score Partial

5/6

Franklin BSP Realty Trust, Inc. passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

3.47x

For every $1 of reported earnings, Franklin BSP Realty Trust, Inc. generates $3.47 in operating cash flow ($291.9M OCF vs $84.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$65.3M

YoY+32.3%

QoQ-12.2%

5Y CAGR+12.0%

10Y CAGR+16.0%

Franklin BSP Realty Trust, Inc. generated $65.3M in revenue in Q2 2026. This represents an increase of 32.3% from the same quarter a year earlier. Against the prior quarter it is down 12.2%.

Net Income

$15.6M

YoY-32.9%

QoQ+30.0%

5Y CAGR-12.3%

10Y CAGR+5.8%

Franklin BSP Realty Trust, Inc. reported $15.6M in net income in Q2 2026. This represents a decrease of 32.9% from the same quarter a year earlier. Against the prior quarter it is up 30.0%.

EPS (Diluted)

$0.12

YoY-36.8%

QoQ+71.4%

5Y CAGR-25.4%

10Y CAGR-8.1%

Franklin BSP Realty Trust, Inc. earned $0.12 per diluted share (EPS) in Q2 2026. This represents a decrease of 36.8% from the same quarter a year earlier. Against the prior quarter it is up 71.4%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$136.3M

YoY-67.1%

QoQ+17.9%

5Y CAGR+16.6%

10Y CAGR+7.9%

Franklin BSP Realty Trust, Inc. held $136.3M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.20

YoY-43.7%

QoQ0.0%

Franklin BSP Realty Trust, Inc. paid $0.20 per share in dividends in Q2 2026. This represents a decrease of 43.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

83M

YoY+0.9%

QoQ+7.9%

5Y CAGR+13.5%

10Y CAGR+10.2%

Franklin BSP Realty Trust, Inc. had 83M shares outstanding in Q2 2026. This represents an increase of 0.9% from the same quarter a year earlier. Against the prior quarter it is up 7.9%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin

23.8%

YoY-23.2pp

QoQ+7.7pp

5Y change-57.1pp

10Y change-35.9pp

Franklin BSP Realty Trust, Inc.'s net profit margin was 23.8% in Q2 2026, showing the share of revenue converted to profit. This is down 23.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.7 percentage points.

Return on Equity

1.1%

YoY-0.4pp

QoQ+0.3pp

5Y change-2.5pp

10Y change-0.3pp

Franklin BSP Realty Trust, Inc.'s ROE was 1.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$16.0M

QoQ-59.8%

5Y CAGR+199.9%

10Y CAGR+109.1%

Franklin BSP Realty Trust, Inc. spent $16.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 59.8%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

FBRT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FBRT quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Revenue	$305.4M	$270.1M+20.9%	$223.4M-16.9%	$268.7M+29.9%	$206.8M+25.0%	$165.5M+40.7%	$117.6M+8.9%	$108.0M+31.3%	$82.3M+43.8%	$57.2M+1.7%	$56.2M+19.3%	$47.1M+255.1%	$13.3M+1686.0%	$743K
SG&A Expenses	$10.5M	$13.3M+37.5%	$9.7M-32.8%	$14.4M+11.7%	$12.9M+68.8%	$7.7M-41.6%	$13.1M-19.8%	$16.4M+21.7%	$13.4M+98.8%	$6.8M	N/A	N/A	N/A	N/A
Interest Expense	$114.6M	$142.0M-24.3%	$187.6M-38.6%	$305.6M+90.4%	$160.5M+185.7%	$56.2M-15.6%	$66.6M-26.4%	$90.4M+29.2%	$70.0M+116.3%	$32.4M+39.7%	$23.2M+88.9%	$12.3M+458.7%	$2.2M+6762.5%	$32K
Income Tax	$1.4M	$3.9M+246.8%	$1.1M+140.6%	-$2.8M-591.0%	-$399K-111.1%	$3.6M+274.5%	-$2.1M-146.0%	$4.5M+5574.7%	$79K-64.9%	$225K	$0	$0-100.0%	$209K	$0
Net Income	$64.4M	$84.1M-9.0%	$92.4M-36.1%	$144.5M+916.6%	$14.2M-44.7%	$25.7M-53.1%	$54.7M-34.8%	$83.9M+58.9%	$52.8M+56.4%	$33.8M+12.6%	$30.0M+20.3%	$24.9M+360.4%	$5.4M+5208.8%	$102K
EPS (Basic)	N/A	$0.65-20.7%	$0.82-42.3%	$1.42+473.7%	-$0.38-111.1%	-$0.18-120.0%	$0.90-43.8%	$1.60+11.1%	$1.44+35.8%	$1.06+11.6%	$0.95-7.8%	$1.03+37.3%	$0.75+294.7%	$0.19
EPS (Diluted)	$0.44	$0.64-22.0%	$0.82-42.3%	$1.42+473.7%	-$0.38	-$0.18-120.0%	$0.90-43.8%	$1.60+11.1%	$1.44+35.8%	$1.06+11.6%	$0.95-7.8%	$1.03	$0.75	$0.19
Diluted Shares (Avg)	N/A	86M+5.3%	82M-0.6%	82M+14.9%	72M	43M-2.2%	44M+6.0%	42M+13.8%	37M+15.7%	32M+0.4%	32M+30.5%	24M	7M	530,096

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$65.3M+32.3%	$74.4M+35.1%	$76.1M+18.1%	$89.5M+65.7%	$49.3M-3.0%	$55.0M+2.0%	$64.5M+8.3%	$54.0M-13.4%
SG&A Expenses	$2.0M-47.8%	$2.3M-30.3%	$2.7M+13.5%	$3.5M-9.1%	$3.9M+451.7%	$3.3M+17.1%	$2.3M-32.1%	$3.8M+6.6%
Interest Expense	$29.9M-26.9%	$27.0M-37.6%	$28.0M+213.3%	$29.7M-32.9%	$41.0M-52.8%	$43.3M-46.7%	-$24.7M-130.4%	$44.3M-43.2%
Income Tax	-$2.9M-1997.8%	$929K+42.0%	$6.3M+3147.2%	-$2.9M-1487.1%	-$138K-17.9%	$654K-21.7%	$193K+155.3%	$209K+111.6%
Net Income	$15.6M-32.9%	$12.0M-50.2%	$19.5M-27.9%	$17.3M-45.2%	$23.2M+1166.7%	$24.1M-33.0%	$27.0M-7.7%	$31.6M-0.5%
EPS (Basic)	$0.12-36.8%	$0.07-65.0%	$0.13-55.2%	$0.12-60.0%	$0.19+272.7%	$0.20-42.9%	$0.29+3.6%	$0.300.0%
EPS (Diluted)	$0.12-36.8%	$0.07-65.0%	$0.13	$0.12-60.0%	$0.19	$0.20-42.9%	$0.29+3.6%	$0.300.0%
Diluted Shares (Avg)	85M+3.1%	80M-2.6%	N/A	91M+10.8%	82M	82M+0.1%	N/A	82M-0.5%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

FBRT Balance Sheet

FBRT quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Total Assets	$6.1B+0.9%	$6.0B+0.8%	$6.0B-4.0%	$6.2B-34.5%	$9.5B+197.0%	$3.2B-9.9%	$3.5B+35.9%	$2.6B+64.6%	$1.6B+26.9%	$1.2B-2.7%	$1.3B+149.4%	$514.2M+1313.9%	$36.4M
Cash & Equivalents	$167.3M-9.3%	$184.4M-45.4%	$337.6M+88.3%	$179.3M+15.7%	$154.9M+88.8%	$82.1M-5.9%	$87.2M-54.4%	$191.4M+128.6%	$83.7M-29.1%	$118.0M+697.2%	$14.8M+3736.0%	$386K+116.9%	$178K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$92.0M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.4B+1.0%	$4.4B+2.6%	$4.3B-5.5%	$4.5B-40.9%	$7.7B+251.3%	$2.2B-13.2%	$2.5B+45.6%	$1.7B+77.4%	$973.3M+58.4%	$614.5M-2.2%	$628.2M+241.9%	$183.7M+1674.7%	$10.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$7.3M
Total Equity	$1.4B-4.7%	$1.5B-3.0%	$1.6B-0.2%	$1.6B-8.4%	$1.7B+113.6%	$798.4M-2.2%	$816.8M+11.4%	$733.2M+20.1%	$610.3M-3.7%	$633.6M-3.2%	$654.3M+98.0%	$330.5M+1170.3%	$26.0M
Retained Earnings	-$411.1M-18.1%	-$348.1M-16.4%	-$298.9M+0.1%	-$299.2M-79.0%	-$167.2M-57.0%	-$106.5M-23.8%	-$86.0M+8.8%	-$94.3M-0.2%	-$94.1M-33.1%	-$70.7M-100.1%	-$35.3M-245.8%	-$10.2M-1588.6%	-$605K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$6.4B+13.4%	$6.3B+11.4%	$6.1B+0.9%	$6.2B-1.8%	$5.6B-10.2%	$5.7B-6.2%	$6.0B+0.8%	$6.3B+7.8%
Cash & Equivalents	$136.3M-67.1%	$115.6M-46.3%	$167.3M-9.3%	$116.7M-66.3%	$414.1M+336.9%	$215.4M-10.3%	$184.4M-45.4%	$346.2M-15.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$92.0M	$92.0M	$92.0M	$90.8M	N/A	N/A	$0	N/A
Total Liabilities	$4.8B+19.5%	$4.7B+16.6%	$4.4B+1.0%	$4.6B-3.4%	$4.0B-12.7%	$4.1B-6.7%	$4.4B+2.6%	$4.7B+12.7%
Total Equity	$1.4B-7.8%	$1.4B-7.2%	$1.4B-4.7%	$1.5B-2.9%	$1.5B-2.0%	$1.5B-3.8%	$1.5B-3.0%	$1.5B-3.2%
Retained Earnings	-$426.4M-14.1%	-$420.7M-16.7%	-$411.1M-18.1%	-$392.8M-14.7%	-$373.7M-10.7%	-$360.5M-20.4%	-$348.1M-16.4%	-$342.4M-16.9%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

FBRT Cash Flow Statement

FBRT quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Operating Cash Flow	$158.1M	$291.9M+410.1%	$57.2M-71.0%	$197.4M+29.4%	$152.5M+4.1%	$146.5M+27.0%	$115.3M+154.2%	$45.4M+539.2%	$7.1M-15.0%	$8.4M-76.1%	$35.0M+37.7%	$25.4M+847.2%	$2.7M+246.0%	$776K
Depreciation & Amortization	N/A	$9.6M+70.4%	$5.6M-33.1%	$8.4M+57.9%	$5.3M+152.9%	$2.1M-5.6%	$2.2M	$0	$0	$0	N/A	N/A	N/A	N/A
Stock-Based Compensation	N/A	$9.1M+11.6%	$8.2M+71.7%	$4.8M+89.0%	$2.5M+1093.8%	$211K+9.3%	$193K+23.7%	$156K-0.6%	$157K+61.9%	$97K+120.5%	$44K+46.7%	$30K+11.1%	$27K+68.8%	$16K
Investing Cash Flow	-$133.4M	$380.8M+344.9%	-$155.5M-140.8%	$380.8M-87.7%	$3.1B+189.8%	$1.1B+344.0%	$240.7M+124.8%	-$969.2M-13.3%	-$855.8M-157.2%	-$332.8M-338.7%	$139.4M+118.6%	-$749.8M-59.0%	-$471.6M-1219.1%	-$35.8M
Financing Cash Flow	-$292.6M	-$684.4M-1308.8%	-$48.6M+88.6%	-$425.0M+86.8%	-$3.2B-183.3%	-$1.1B-205.4%	-$373.0M-145.0%	$828.6M-13.8%	$961.4M+228.1%	$293.0M+509.6%	-$71.5M-109.7%	$738.8M+57.5%	$469.2M+1234.5%	$35.2M
Dividends Paid	$130.1M	$145.6M+0.5%	$144.9M+0.4%	$144.3M+3.5%	$139.4M+105.2%	$68.0M+36.5%	$49.8M-17.9%	$60.6M+64.0%	$37.0M-4.8%	$38.8M-3.5%	$40.3M+49.4%	$26.9M+255.0%	$7.6M+2554.5%	$286K
Share Buybacks	$70.2M	$14.4M+195.2%	$4.9M-61.1%	$12.5M-24.6%	$16.6M+45.2%	$11.4M+11.3%	$10.3M-25.7%	$13.8M-8.4%	$15.1M-26.6%	$20.5M+8.3%	$19.0M+642.3%	$2.6M+450.6%	$464K+1225.7%	$35K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$48.3M+308.4%	-$54.0M-146.5%	$312.0M+666.4%	-$148.1M-252.0%	$11.8M+517.5%	$116.2M+796.2%	-$55.1M-198.5%	$97.4M+54.5%
Depreciation & Amortization	$2.0M+43.6%	$3.4M+147.8%	$3.4M+141.3%	$3.4M+147.4%	$1.4M-2.5%	$1.4M-2.6%	$1.4M-28.0%	$1.4M-8.3%
Stock-Based Compensation	$2.5M+6.1%	$2.4M+7.0%	N/A	$2.2M+4.8%	$2.3M+11.0%	$2.2M+24.8%	N/A	$2.1M+70.0%
Investing Cash Flow	$257.8M+7.9%	-$246.1M-185.8%	-$92.9M-135.1%	-$52.1M-147.9%	$238.9M+161.3%	$286.9M+305.9%	$265.0M+252.3%	$108.8M-60.3%
Financing Cash Flow	-$287.5M-452.7%	$251.4M+166.9%	-$177.8M+51.5%	-$78.7M-287.8%	-$52.0M-121.2%	-$375.9M-1320.6%	-$366.9M-940.1%	$41.9M+127.7%
Dividends Paid	$21.3M-41.7%	$36.0M-0.8%	$36.4M+0.6%	$36.4M+0.6%	$36.5M+0.6%	$36.2M+0.3%	$36.2M+0.1%	$36.2M0.0%
Share Buybacks	$16.0M	$39.8M	$14.4M	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

FBRT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FBRT quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Net Margin	31.1%-10.2pp	41.4%-12.4pp	53.8%+46.9pp	6.9%-8.7pp	15.5%-31.0pp	46.6%-31.1pp	77.7%+13.5pp	64.2%+5.1pp	59.1%+5.7pp	53.3%+0.4pp	52.9%+12.1pp	40.8%+27.1pp	13.7%
Return on Equity	5.8%-0.3pp	6.1%-3.2pp	9.3%+8.4pp	0.9%-0.6pp	1.5%-5.3pp	6.9%-3.4pp	10.3%+3.1pp	7.2%+1.7pp	5.5%+0.8pp	4.7%+0.9pp	3.8%+2.2pp	1.6%+1.3pp	0.4%
Return on Assets	1.4%-0.2pp	1.5%-0.9pp	2.4%+2.2pp	0.2%0.0pp	0.3%-1.4pp	1.7%-0.6pp	2.4%+0.3pp	2.0%-0.1pp	2.1%-0.3pp	2.4%+0.5pp	1.9%+0.9pp	1.1%+0.8pp	0.3%
Debt-to-Equity	3.08+0.2x	2.90+0.2x	2.74-0.2x	2.90-1.6x	4.49+1.8x	2.73-0.3x	3.08+0.7x	2.36+0.8x	1.59+0.6x	0.970.0x	0.96+1.0x	0.00-0.3x	0.28
Asset Turnover	0.040.0x	0.040.0x	0.050.0x	0.030.0x	0.020.0x	0.040.0x	0.030.0x	0.030.0x	0.040.0x	0.050.0x	0.040.0x	0.030.0x	0.02

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	23.8%-23.2pp	16.1%-27.6pp	25.6%-16.3pp	19.3%-39.2pp	47.0%+51.3pp	43.7%-22.9pp	41.9%-7.3pp	58.5%+7.6pp
Return on Equity	1.1%-0.4pp	0.9%-0.7pp	1.4%-0.4pp	1.2%-0.9pp	1.6%+1.7pp	1.6%-0.7pp	1.8%-0.1pp	2.1%+0.1pp
Return on Assets	0.2%-0.2pp	0.2%-0.2pp	0.3%-0.1pp	0.3%-0.2pp	0.4%+0.4pp	0.4%-0.2pp	0.4%0.0pp	0.5%0.0pp
Debt-to-Equity	3.52+0.8x	3.40+0.7x	3.08+0.2x	3.100.0x	2.72-0.3x	2.71-0.1x	2.90+0.2x	3.11+0.4x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Franklin BSP Realty Trust, Inc. FBRT	FY2025	$270.1M	$84.1M	31.1%	$520.7M	28/100
MFA Financial, Inc. MFA	FY2025	$745.1M	$176.8M	23.7%	$773.3M	0/100
Orchid Island Capital, Inc. ORC	FY2025	$414.0M	$159.3M	38.5%	$1.0B	0/100
PennyMac Mortgage Investment Trust PMT	FY2025	$307.5M	$86.1M	28.0%	$680.2M	0/100
Two Harbors Investment Corp. TWO	FY2025	$412.0M	-$454.3M	N/A	$1.3B	0/100
TPG RE Finance Trust, Inc. TRTX	FY2025	$146.1M	$60.3M	41.3%	$471.4M	18/100

Where Franklin BSP Realty Trust, Inc. Ranks

Frequently Asked Questions

What is Franklin BSP Realty Trust, Inc.'s annual revenue?

Franklin BSP Realty Trust, Inc. (FBRT) reported $270.1M in total revenue for fiscal year 2025. This represents a 20.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Franklin BSP Realty Trust, Inc.'s revenue growing?

Franklin BSP Realty Trust, Inc. (FBRT) revenue grew by 20.9% year-over-year, from $223.4M to $270.1M in fiscal year 2025.

Is Franklin BSP Realty Trust, Inc. profitable?

Yes, Franklin BSP Realty Trust, Inc. (FBRT) reported a net income of $84.1M in fiscal year 2025, with a net profit margin of 31.1%.

What is Franklin BSP Realty Trust, Inc.'s net profit margin?

Franklin BSP Realty Trust, Inc. (FBRT) had a net profit margin of 31.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Franklin BSP Realty Trust, Inc. pay dividends?

Yes, Franklin BSP Realty Trust, Inc. (FBRT) paid $1.42 per share in dividends during fiscal year 2025.

What is Franklin BSP Realty Trust, Inc.'s return on equity (ROE)?

Franklin BSP Realty Trust, Inc. (FBRT) has a return on equity of 5.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Franklin BSP Realty Trust, Inc.'s operating cash flow?

Franklin BSP Realty Trust, Inc. (FBRT) generated $291.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Franklin BSP Realty Trust, Inc.'s total assets?

Franklin BSP Realty Trust, Inc. (FBRT) had $6.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Franklin BSP Realty Trust, Inc. buy back shares?

Yes, Franklin BSP Realty Trust, Inc. (FBRT) spent $14.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Franklin BSP Realty Trust, Inc. have outstanding?

Franklin BSP Realty Trust, Inc. (FBRT) had 81M shares outstanding as of fiscal year 2025.

What is Franklin BSP Realty Trust, Inc.'s debt-to-equity ratio?

Franklin BSP Realty Trust, Inc. (FBRT) had a debt-to-equity ratio of 3.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Franklin BSP Realty Trust, Inc.'s return on assets (ROA)?

Franklin BSP Realty Trust, Inc. (FBRT) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Franklin BSP Realty Trust, Inc.'s P/E ratio?

Franklin BSP Realty Trust, Inc. (FBRT) trades at 8.1x earnings, its market capitalization divided by net income of $64.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $520.7M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Franklin BSP Realty Trust, Inc.'s price-to-sales ratio?

Franklin BSP Realty Trust, Inc. (FBRT) trades at 1.7x sales, its market capitalization divided by revenue of $305.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $520.7M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Franklin BSP Realty Trust, Inc.'s Piotroski F-Score?

Franklin BSP Realty Trust, Inc. (FBRT) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Franklin BSP Realty Trust, Inc.'s earnings high quality?

Franklin BSP Realty Trust, Inc. (FBRT) has an earnings quality ratio of 3.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Franklin BSP Realty Trust, Inc.?

Franklin BSP Realty Trust, Inc. (FBRT) scores 28 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.