Franklin BSP Realty Trust, Inc. (FBRT) Stock Analysis
Real Estate · REIT - Mortgage · NYSE
Franklin BSP Realty Trust, Inc. (FBRT) posted $270.07M in revenue for fiscal 2025 (up 28.3% year over year), at a 20.5% net margin, and has compounded revenue about 18.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Franklin BSP Realty Trust, Inc.
Franklin BSP Realty Trust, Inc. has grown revenue from $56.23M to $270.07M over the last 10 fiscal years, compounding about 18.1% a year. The most recent year was up 28.3%, so growth is actually accelerating.
Net margin sits at 20.5%, down 12.2 points year over year.
Synthesised from Franklin BSP Realty Trust, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Franklin BSP Realty Trust, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $56.23M | $57.20M | $82.29M | $108.05M | $117.61M | $165.46M | $201.65M | $263.95M | $210.45M | $270.07M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $29.99M | $33.78M | $52.83M | $83.92M | $54.75M | $25.70M | $-27.31M | $118.22M | $68.89M | $55.28M |
| Net margin | 53.3% | 59.0% | 64.2% | 77.7% | 46.5% | 15.5% | -13.5% | 44.8% | 32.7% | 20.5% |
Source: Franklin BSP Realty Trust, Inc. SEC filings (10-K). 13 years of history available in the interactive view.
Franklin BSP Realty Trust, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
Explore 13 years of Franklin BSP Realty Trust, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Franklin BSP Realty Trust, Inc. financial history by metric
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About Franklin BSP Realty Trust, Inc.
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.
Franklin BSP Realty Trust, Inc. — frequently asked questions
What is Franklin BSP Realty Trust, Inc.'s revenue?
Franklin BSP Realty Trust, Inc. (FBRT) reported revenue of $270.07M for fiscal year 2025, up 28.3% from the prior year, according to its SEC filings.
Is Franklin BSP Realty Trust, Inc. profitable?
Yes. FBRT earned net income of $55.28M in fiscal 2025, a net margin of 20.5%.
What is FBRT's P/E ratio?
Franklin BSP Realty Trust, Inc. trades at a price-to-earnings ratio of about 16.4 based on the latest data in our nightly-refreshed cache.
How fast is Franklin BSP Realty Trust, Inc. growing?
FBRT's revenue grew at roughly 18.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Franklin BSP Realty Trust, Inc. have?
As of fiscal year 2025, FBRT carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Franklin BSP Realty Trust, Inc.'s market cap?
Franklin BSP Realty Trust, Inc. (FBRT) has a market capitalization of about $644.57M, based on the latest data in our nightly-refreshed cache.
When does Franklin BSP Realty Trust, Inc.'s fiscal year end?
FBRT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Franklin BSP Realty Trust, Inc.'s official SEC filings (10-K and 10-Q), covering 13 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.