FBRT - Franklin BSP Realty Trust, Inc. Stock Price, Fair Value and News

12.74USD+0.16 (+1.27%)Delayed

Market Summary

USD12.74+0.16

Delayed

1.27%

FBRT Stock Price

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FBRT RSI Chart

FBRT Valuation

Market Cap

1.0B

Price/Earnings (Trailing)

7.2

Price/Sales (Trailing)

1.89

EV/EBITDA

5.39

Price/Free Cashflow

5.3

FBRT Price/Sales (Trailing)

FBRT Profitability

EBT Margin

-22.51%

Return on Equity

9.31%

Return on Assets

2.44%

Free Cashflow Yield

18.87%

FBRT Fundamentals

FBRT Revenue

Revenue (TTM)

552.5M

Rev. Growth (Yr)

11.8%

Rev. Growth (Qtr)

-3.65%

FBRT Earnings

Earnings (TTM)

145.2M

Earnings Growth (Yr)

9.59%

Earnings Growth (Qtr)

-5.52%

Breaking Down FBRT Revenue

Last 7 days

1.4%

Last 30 days

-3.2%

Last 90 days

-4.6%

How does FBRT drawdown profile look like?

FBRT Financial Health

FBRT Investor Care

Buy Backs (1Y)

1.05%

Diluted EPS (TTM)

1.42

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	413.0M	495.7M	538.6M	552.5M
2022	249.9M	271.1M	317.5M	357.7M
2021	174.3M	180.0M	183.3M	216.9M
2020	196.6M	191.7M	185.6M	179.9M
2019	169.4M	183.5M	191.0M	195.3M
2018	100.1M	113.4M	134.1M	152.3M
2017	78.0M	78.6M	80.6M	89.6M
2016	70.1M	77.8M	81.8M	79.4M
2015	24.1M	34.6M	46.3M	59.4M
2014	1.7M	3.7M	8.0M	15.5M
2013	0	0	0	777.0K

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Tracking the Latest Insider Buys and Sells of Franklin BSP Realty Trust, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 01, 2024	comparato michael	acquired	-	-	118,865	president
Feb 01, 2024	baglien jerome s.	acquired	-	-	75,472	cfo, coo and treasurer
Feb 01, 2024	byrne richard j	acquired	-	-	119,063	chairman and ceo
Jan 27, 2024	byrne richard j	sold (taxes)	-283,941	13.35	-21,269	chairman and ceo
Jan 27, 2024	baglien jerome s.	sold (taxes)	-187,661	13.35	-14,057	cfo, coo and treasurer
Jan 27, 2024	comparato michael	sold (taxes)	-266,746	13.35	-19,981	president
May 31, 2023	augustine patsy joseph	acquired	-	-	6,208	-
May 31, 2023	mcdonough peter j	acquired	-	-	6,208	-
May 31, 2023	tuppeny elizabeth k.	acquired	-	-	6,208	-
May 31, 2023	handwerker jamie	acquired	-	-	6,208	-

Which funds bought or sold FBRT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Triumph Capital Management	reduced	-6.26	-32,528	255,420	0.10%
Apr 25, 2024	Allworth Financial LP	reduced	-3.44	-35,618	753,326	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-3.39	-413,458	8,860,140	-%
Apr 25, 2024	Capital Investment Advisory Services, LLC	sold off	-100	-175,549	-	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	reduced	-24.37	-62,415	185,183	-%
Apr 25, 2024	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	reduced	-0.34	-11,000	779,000	-%
Apr 24, 2024	Cambridge Investment Research Advisors, Inc.	reduced	-3.47	-23,000	486,000	-%
Apr 24, 2024	Spire Wealth Management	unchanged	-	-774	114,869	-%
Apr 24, 2024	Newbridge Financial Services Group, Inc.	added	6.84	59,028	1,103,510	0.48%
Apr 24, 2024	PSI Advisors, LLC	unchanged	-	-1,080	96,192	0.04%

Are Funds Buying or Selling FBRT?

Are funds buying FBRT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FBRT

No. of Funds

Unveiling Franklin BSP Realty Trust, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.87%	8,925,303	SC 13G/A
Jan 22, 2024	blackrock inc.	17.1%	14,062,648	SC 13G/A

Recent SEC filings of Franklin BSP Realty Trust, Inc.

View All Filings

Date Filed	Form Type	Document
Apr 17, 2024	DEFA14A	DEFA14A
Apr 17, 2024	DEF 14A	DEF 14A
Apr 17, 2024	ARS	ARS
Apr 09, 2024	40-APP/A	40-APP/A
Apr 05, 2024	PRE 14A	PRE 14A
Apr 05, 2024	40-APP/A	40-APP/A
Feb 26, 2024	10-K	Annual Report
Feb 14, 2024	8-K	Current Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 02, 2024	4	Insider Trading

Peers (Alternatives to Franklin BSP Realty Trust, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.0B	11.1B	-13.07%	-16.56%	58.53	7.18	4.04%	-19.43%
CCI	40.6B	7.0B	-11.42%	-23.94%	27.05	5.82	-0.07%	-10.36%
AVB	27.2B	2.8B	4.23%	7.77%	29.28	9.82	6.73%	-18.30%
ARE	20.0B	3.0B	-8.98%	-5.30%	103.7	6.76	10.44%	-74.28%
AMH	13.2B	1.6B	0.36%	10.41%	30.48	8.2	7.80%	39.39%
REG	10.8B	1.3B	-3.17%	-3.56%	29.5	8.13	8.04%	-24.50%
BXP	9.7B	3.3B	-2.61%	16.43%	50.75	2.95	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.1B	0.64%	5.62%	35.79	7.49	5.38%	-38.52%
MAC	3.4B	884.1M	-8.25%	61.48%	-12.34	3.83	2.90%	-314.82%
SLG	3.3B	899.4M	-5.88%	123.69%	-5.81	3.64	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-1.89%	16.07%	19.98	2.93	4.38%	15.77%
AIV	1.2B	198.2M	-0.86%	4.68%	-7.41	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-4.62%	2.48%	13.66	1.81	25.53%	134.62%
NYMT	642.3M	258.7M	-1.26%	-30.71%	-13.2	2.48	0.11%	83.70%
IVR	414.8M	277.9M	-10.27%	-17.45%	-26.16	1.49	44.33%	96.06%

Franklin BSP Realty Trust, Inc. News

Latest updates

Franklin BSP Realty Trust, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-3.7%	132	137	153	131	118	94.00	70.00	75.00	78.00	48.00	49.00	42.00	44.00	44.00	43.00	48.00	50.00	50.00	48.00	47.00	46.00
Operating Expenses	-3.3%	21.00	22.00	23.00	22.00	18.00	17.00	22.00	20.00	103	15.00	13.00	12.00	10.00	11.00	13.00	15.00	15.00	15.00	11.00	11.00	9.00
S&GA Expenses	-3.3%	3.00	4.00	3.00	4.00	4.00	3.00	3.00	3.00	-1.87	3.00	3.00	3.00	3.00	3.00	3.00	4.00	4.00	5.00	4.00	4.00	4.00
EBITDA Margin	-2.5%	0.24*	0.24*	0.24*	0.19*	0.20*	0.23*	0.27*	0.49*	0.78*	1.00*	0.90*	0.80*	-	-	-	-	-	-	-	-	-
Interest Expenses	-14.0%	51.00	59.00	78.00	59.00	56.00	48.00	37.00	53.00	58.00	36.00	36.00	31.00	33.00	29.00	28.00	23.00	27.00	29.00	22.00	26.00	26.00
Income Taxes	80.4%	-0.35	-1.80	0.00	-0.70	-0.68	0.00	-0.11	-0.02	0.00	1.00	0.00	2.00	0.00	0.00	-0.70	-1.90	1.00	2.00	0.00	1.00	-1.03
Earnings Before Taxes	-	-	-	-	-	-	3.00	-43.88	-57.49	-25.62	18.00	7.00	12.00	10.00	3.00	-9.04	-19.53	13.00	14.00	-3.60	6.00	-1.20
EBT Margin	2.5%	-0.23*	-0.23*	-0.25*	-0.30*	-0.35*	-0.39*	-0.40*	-0.23*	0.05*	0.26*	0.18*	0.09*	-	-	-	-	-	-	-	-	-
Net Income	-5.5%	30.00	32.00	40.00	44.00	27.00	35.00	-25.71	-22.51	-72.95	38.00	30.00	30.00	33.00	21.00	8.00	-7.40	24.00	26.00	15.00	20.00	16.00
Net Income Margin	-0.7%	0.26*	0.26*	0.29*	0.20*	0.04*	-0.27*	-0.30*	-0.11*	0.12*	0.72*	0.64*	0.53*	-	-	-	-	-	-	-	-	-
Free Cashflow	-11.3%	56.00	63.00	45.00	33.00	22.00	155	8.00	-32.29	-16.54	109	50.00	4.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.4%	5,955	5,875	5,985	5,839	6,204	6,178	6,262	7,112	9,475	3,635	3,456	3,553	3,190	3,111	3,340	3,502	3,541	3,541	3,541	3,541	2,606
Cash Equivalents	-17.9%	338	411	225	230	179	217	446	117	155	91.00	63.00	99.00	82.00	96.00	112	89.00	87.00	34.00	165	80.00	204
Liabilities	2.1%	4,279	4,190	4,296	4,158	4,530	4,502	4,574	5,363	7,667	2,558	2,400	2,514	2,182	2,124	2,377	2,571	2,515	2,200	2,127	1,728	1,727
Shareholder's Equity	-0.5%	1,559	1,567	1,600	1,591	1,563	1,580	1,591	1,653	1,711	853	831	814	798	777	754	721	817	799	771	751	733
Retained Earnings	-2.1%	-298	-292	-288	-291	-299	-290	-288	-226	-167	-59.84	-77.86	-91.97	-106	-123	-129	-121	-85.97	-89.37	-95.60	-91.82	-94.27
Additional Paid-In Capital	-0.1%	1,599	1,601	1,600	1,604	1,602	1,605	1,615	904	903	907	909	906	913	910	911	911	903	888	867	843	828
Shares Outstanding	0.4%	83.00	82.00	83.00	83.00	83.00	84.00	60.00	44.00	43.00	44.00	44.00	44.00	-	-	-	-	-	-	-	-	-
Minority Interest	-6.7%	27.00	29.00	30.00	21.00	15.00	6.00	6.00	6.00	6.00	6.00	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	1,115	-	-	-	1,124	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-11.3%	55,925	63,056	45,148	33,258	21,880	154,662	8,259	-32,286	-16,542	108,829	49,762	4,448	-80,061	120,214	37,750	37,431	81,190	-52,175	20,104	-3,750	44,228
Share Based Compensation	0.1%	1,256	1,255	1,228	1,022	653	700	682	500	51.00	52.00	53.00	55.00	57.00	40.00	57.00	39.00	39.00	39.00	39.00	39.00	39.00
Cashflow From Investing	-163.4%	-174,002	274,337	-142,336	422,808	-104,782	-194,196	1,133,385	2,262,858	1,573,610	-246,051	49,010	-307,822	2,798	108,964	125,315	3,610	-347,320	-170,993	-334,992	-115,936	-107,943
Cashflow From Financing	128.8%	43,672	-151,441	92,048	-409,273	11,391	-155,634	-814,009	-2,269,240	-1,489,774	160,527	-132,079	322,140	64,900	-251,784	-215,144	29,026	322,521	97,665	396,437	11,952	202,093
Dividend Payments	0.0%	36,213	36,219	35,598	36,317	36,474	35,896	36,791	30,254	25,891	16,100	11,828	14,136	13,124	12,892	6,998	16,776	16,220	15,830	14,772	13,791	11,834
Buy Backs	-	3,343	-	5,495	3,667	5,544	11,035	-	-	-	2,204	66.00	9,147	-	3,352	192	6,715	-500*	6,606	-	7,207	7.00

FBRT Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income
Interest income	$ 552,506	$ 357,705	$ 216,890
Less: Interest expense	305,577	160,526	56,193
Net interest income	246,929	197,179	160,697
Revenue from real estate owned	17,021	9,655	4,759
Total income	263,950	206,834	165,456
Expenses
Asset management and subordinated performance fee	33,847	26,157	28,110
Acquisition expenses	1,241	1,360	1,203
Administrative services expenses	14,440	12,928	7,658
Impairment of acquired assets	0	0	88,282
Professional fees	15,270	22,566	11,650
Share-based compensation	4,761	2,519	0
Depreciation and amortization	7,128	5,408	2,107
Other expenses	11,135	6,572	3,946
Total expenses	87,822	77,510	142,956
Other income/(loss)
(Provision)/benefit for credit losses	(33,738)	(36,115)	5,192
Realized gain/(loss) on extinguishment of debt	2,201	(5,167)	(4,642)
Realized gain/(loss) on sale of available for sale trading securities	80	0	0
Realized gain/(loss) on sale of commercial mortgage loans, held for sale	0	(354)	26
Realized gain/(loss) on sale of commercial mortgage loans, held for sale, measured at fair value	3,873	2,358	24,208
Gain/(loss) on other real estate investments	(7,089)	(692)	9,790
Unrealized gain/(loss) on commercial mortgage loans, held for sale, measured at fair value	44	(511)	469
Trading gain/(loss)	(605)	(119,220)	(36,128)
Unrealized gain/(loss) on derivatives	(140)	(15,840)	7,402
Realized gain/(loss) on derivatives	998	60,033	484
Total other income/(loss)	(34,376)	(115,508)	6,801
Income/(loss) before taxes	141,752	13,816	29,301
(Provision)/benefit for income tax	2,757	399	(3,599)
Net income/(loss)	144,509	14,215	25,702
Net (income)/loss attributable to non-controlling interest	706	216	0
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc.	145,215	14,431	25,702
Less: Preferred stock dividends	26,993	41,741	33,587
Net income/(loss) attributable to common stock, basic	118,222	(27,310)	(7,885)
Net income/(loss) attributable to common stock, diluted	$ 118,222	$ (27,310)	$ (7,885)
Basic earnings per share (in dollars per share)	$ 1.42	$ (0.38)	$ (0.18)
Diluted earnings per share (in dollars per share)	$ 1.42	$ (0.38)	$ (0.18)
Basic weighted average shares outstanding (in shares)	82,307,970	71,628,365	43,419,209
Weighted-average common shares outstanding for diluted earnings per share (in shares)	82,307,970	71,628,365	43,434,731

FBRT Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

ASSETS

Cash and cash equivalents

$ 337,595

$ 179,314

Restricted cash

6,092

11,173

Commercial mortgage loans, held for investment, net of allowance for credit losses of $47,175 and $40,848 as of December 31, 2023 and 2022, respectively

4,989,767

5,228,928

Commercial mortgage loans, held for sale, measured at fair value

15,559

Real estate securities, trading, measured at fair value (includes pledged assets of $227,610 as of December 31, 2022)

235,728

Real estate securities, available for sale, measured at fair value, amortized cost of $243,272 and $220,635 as of December 31, 2023 and 2022, respectively (includes pledged assets of $167,948 and $198,429 as of December 31, 2023 and 2022, respectively)

242,569

221,025

Derivative instruments, measured at fair value

415

Receivable for loan repayment

^[1]

55,174

42,557

Accrued interest receivable

42,490

34,007

Prepaid expenses and other assets

19,213

15,795

Intangible lease asset, net of amortization

42,793

54,831

Real estate owned, net of depreciation

115,830

127,772

Real estate owned, held for sale

103,657

36,497

Total assets

5,955,180

6,203,601

LIABILITIES AND STOCKHOLDERS' EQUITY

Collateralized loan obligations

3,567,166

3,121,983

Mortgage note payable

23,998

Unsecured debt

81,295

98,695

Derivative instruments, measured at fair value

Interest payable

15,383

12,715

Distributions payable

36,133

36,317

Accounts payable and accrued expenses

13,339

17,668

Intangible lease liability, held for sale

12,297

Intangible lease liability, net of amortization

6,428

Total liabilities

4,279,223

4,530,465

Commitments and Contingencies

Total redeemable convertible preferred stock

89,748

94,748

Equity:

Common stock, $0.01 par value, 900,000,000 shares authorized, 82,751,913 and 82,992,784 issued and outstanding as of December 31, 2023 and 2022, respectively

820

826

Additional paid-in capital

1,599,197

1,602,247

Accumulated other comprehensive income (loss)

(703)

390

Accumulated deficit

(298,942)

(299,225)

Total stockholders' equity

1,559,114

1,562,980

Non-controlling interest

27,095

15,408

Total equity

1,586,209

1,578,388

Total liabilities, redeemable convertible preferred stock and equity

5,955,180

6,203,601

Related Party

LIABILITIES AND STOCKHOLDERS' EQUITY

Due to affiliates

19,316

15,429

CMBS

LIABILITIES AND STOCKHOLDERS' EQUITY

Repurchase agreements

299,707

680,859

Other financings

36,534

76,301

Repurchase agreements, real estate securities

LIABILITIES AND STOCKHOLDERS' EQUITY

Repurchase agreements

174,055

440,008

Series H Preferred Stock

LIABILITIES AND STOCKHOLDERS' EQUITY

Total redeemable convertible preferred stock

89,748

Series I Preferred Stock

LIABILITIES AND STOCKHOLDERS' EQUITY

Total redeemable convertible preferred stock

5,000

Series E Preferred Stock

Equity:

Preferred stock, $0.01 par value; 100,000,000 shares authorized, 7.5% Cumulative Redeemable Preferred Stock, Series E, 10,329,039 shares issued and outstanding as of December 31, 2023 and 2022

$ 258,742

[1]

Includes $55.1 million and $42.5 million of cash held by the servicer related to the CLOs as of December 31, 2023 and 2022, respectively. The Company no longer holds a residential mortgage backed securities principal paydown receivable as of December 31, 2023. The Company held a residential mortgage backed securities principal paydown receivable of $0.1 million as of December 31, 2022.

About Franklin BSP Realty Trust, Inc.

Franklin BSP Realty Trust, Inc., a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt investments secured by properties located in the United States. The company also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment. In addition, it invests in commercial real estate debt investments, which includes first mortgage loans, mezzanine loans, bridge loans, and other loans related to commercial real estate. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Benefit Street Partners Realty Trust, Inc. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.

CEO	Mr. Richard Jan Byrne
WEBSITE	fbrtreit.com
INDUSTRY	REIT Mortgage

Franklin BSP Realty Trust, Inc. Frequently Asked Questions

What is the ticker symbol for Franklin BSP Realty Trust, Inc.? What does FBRT stand for in stocks?

FBRT is the stock ticker symbol of Franklin BSP Realty Trust, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Franklin BSP Realty Trust, Inc. (FBRT)?

As of Fri Apr 26 2024, market cap of Franklin BSP Realty Trust, Inc. is 1.05 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FBRT stock?

You can check FBRT's fair value in chart for subscribers.

What is the fair value of FBRT stock?

You can check FBRT's fair value in chart for subscribers. The fair value of Franklin BSP Realty Trust, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Franklin BSP Realty Trust, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FBRT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Franklin BSP Realty Trust, Inc. a good stock to buy?

The fair value guage provides a quick view whether FBRT is over valued or under valued. Whether Franklin BSP Realty Trust, Inc. is cheap or expensive depends on the assumptions which impact Franklin BSP Realty Trust, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FBRT.

What is Franklin BSP Realty Trust, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, FBRT's PE ratio (Price to Earnings) is 7.2 and Price to Sales (PS) ratio is 1.89. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FBRT PE ratio will change depending on the future growth rate expectations of investors.