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

13.15USD+0.01 (+0.08%)Delayed

Market Summary

USD13.15+0.01

Delayed

0.08%

FBRT Stock Price

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FBRT RSI Chart

FBRT Valuation

Market Cap

1.1B

Price/Earnings (Trailing)

7.84

Price/Sales (Trailing)

1.95

EV/EBITDA

6.82

Price/Free Cashflow

6.08

FBRT Price/Sales (Trailing)

FBRT Profitability

EBT Margin

-22.51%

Return on Equity

8.81%

Return on Assets

2.28%

Free Cashflow Yield

16.45%

FBRT Fundamentals

FBRT Revenue

Revenue (TTM)

552.5M

Rev. Growth (Yr)

0.02%

Rev. Growth (Qtr)

-1.12%

FBRT Earnings

Earnings (TTM)

137.3M

Earnings Growth (Yr)

-18.05%

Earnings Growth (Qtr)

19.67%

Breaking Down FBRT Revenue

Last 7 days

1.2%

Last 30 days

7.7%

Last 90 days

1.5%

How does FBRT drawdown profile look like?

FBRT Financial Health

FBRT Investor Care

Buy Backs (1Y)

0.50%

Diluted EPS (TTM)

1.33

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	552.5M	0	0	0
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
May 16, 2024	JANE STREET GROUP, LLC	reduced	-46.41	-255,465	288,042	-%
May 16, 2024	Coppell Advisory Solutions Corp.	new	-	206,840	206,840	0.04%
May 16, 2024	Arete Wealth Advisors, LLC	reduced	-1.34	-24,958	999,460	0.09%
May 16, 2024	Semmax Financial Advisors Inc.	unchanged	-	3,827	56,115	0.02%
May 16, 2024	B. Riley Wealth Advisors, Inc.	reduced	-1.01	-8,156	269,658	0.01%
May 16, 2024	COMERICA BANK	reduced	-9.14	-53,049	469,871	-%
May 16, 2024	Beacon Capital Management, LLC	reduced	-44.01	-66,849	86,827	0.02%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.43	-76,138	1,098,260	-%
May 15, 2024	Gen-Wealth Partners Inc	new	-	174,201	174,201	0.09%
May 15, 2024	Cetera Advisors LLC	added	181	791,135	1,234,890	0.01%

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 29, 2024	8-K	Current Report
Apr 29, 2024	10-Q	Quarterly Report
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

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	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-1.1%	131	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
Operating Expenses	-1.1%	21.00	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
S&GA Expenses	-17.0%	3.00	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
EBITDA Margin	-8.2%	0.22*	0.23*	0.25*	0.25*	0.20*	0.21*	0.24*	0.29*	0.51*	0.80*	1.00*	0.90*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.1%	49.00	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
Income Taxes	339.3%	1.00	-0.35	-1.80	0.00	-0.66	-0.69	0.00	-0.10	-0.02	0.00	1.00	0.00	2.00	0.00	0.00	-0.70	-1.91	1.00	2.00	0.00	1.00
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
EBT Margin	0%	-0.23*	-0.23*	-0.23*	-0.25*	-0.30*	-0.35*	-0.39*	-0.40*	-0.23*	0.05*	0.26*	0.18*	-	-	-	-	-	-	-	-	-
Net Income	19.7%	36.00	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
Net Income Margin	-5.5%	0.25*	0.26*	0.26*	0.29*	0.20*	0.04*	-0.27*	-0.30*	-0.11*	0.12*	0.72*	0.64*	-	-	-	-	-	-	-	-	-
Free Cashflow	-76.8%	13.00	56.00	63.00	45.00	33.00	22.00	155	8.00	-32.29	-16.54	109	50.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.2%	6,028	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
Cash Equivalents	-28.9%	240	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
Liabilities	1.7%	4,353	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
Shareholder's Equity	0.0%	1,558	1,559	1,567	1,600	1,591	1,578	1,580	1,591	1,653	1,711	853	831	814	798	777	754	721	817	799	771	751
Retained Earnings	-0.1%	-299	-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
Additional Paid-In Capital	-0.1%	1,598	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
Shares Outstanding	0.6%	83.00	83.00	82.00	82.00	83.00	83.00	68.00	76.00	44.00	43.00	44.00	44.00	-	-	-	-	-	-	-	-	-
Minority Interest	-0.3%	27.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-76.8%	12,970	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
Share Based Compensation	43.2%	1,799	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
Cashflow From Investing	19.9%	-139,334	-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
Cashflow From Financing	-29.5%	30,799	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
Dividend Payments	-0.2%	36,125	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
Buy Backs	-43.9%	1,877	3,343	500*	5,495	3,666	5,544	11,035	-	-	-	2,204	66.00	9,147	-	3,352	192	6,715	-500*	6,606	-	7,207

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FBRT Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income
Interest income	$ 130,558	$ 130,536
Less: Interest expense	81,318	71,075
Net interest income	49,240	59,461
Revenue from real estate owned	4,712	3,312
Total income	53,952	62,773
Expenses
Asset management and subordinated performance fee	7,865	8,085
Acquisition expenses	238	378
Administrative services expenses	2,860	4,029
Professional fees	4,084	4,814
Share-based compensation	1,799	1,022
Depreciation and amortization	1,417	1,805
Other expenses	2,363	2,166
Total expenses	20,626	22,299
Other income/(loss)
(Provision)/benefit for credit losses	(2,880)	(4,360)
Realized gain/(loss) on extinguishment of debt	0	4,767
Realized gain/(loss) on real estate securities, available for sale	88	596
Realized gain/(loss) on sale of commercial mortgage loans, held for sale, measured at fair value	5,513	0
Unrealized gain/(loss) on commercial mortgage loans, held for sale, measured at fair value	457	347
Gain/(loss) on other real estate investments	6	(1,339)
Trading gain/(loss)	0	2,968
Unrealized gain/(loss) on derivatives	(138)	(320)
Realized gain/(loss) on derivatives	290	44
Total other income/(loss)	3,336	2,703
Income/(loss) before taxes	36,662	43,177
(Provision)/benefit for income tax	(835)	662
Net income/(loss)	35,827	43,839
Net (income)/loss attributable to non-controlling interest	93	(9)
Net income/(loss) attributable to Franklin BSP Realty Trust, Inc.	35,920	43,830
Less: Preferred stock dividends	6,748	6,748
Net income/(loss) applicable to common stock, basic	29,172	37,082
Net income/(loss) applicable to common stock, diluted	$ 29,172	$ 37,082
Basic earnings per share (in dollars per share)	$ 0.35	$ 0.44
Diluted earnings per share (in dollars per share)	$ 0.35	$ 0.44
Basic weighted average shares outstanding (in shares)	81,994,096	82,774,771
Weighted-average common shares outstanding for diluted earnings per share (in shares)	81,994,096	82,774,771

FBRT Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

ASSETS

Cash and cash equivalents

$ 240,030

$ 337,595

Restricted cash

8,092

6,092

Commercial mortgage loans, held for investment, net of allowance for credit losses of $49,215 and $47,175 as of March 31, 2024 and December 31, 2023, respectively

5,184,205

4,989,767

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

30,457

Real estate securities, available for sale, measured at fair value, amortized cost of $217,324 and $243,272 as of March 31, 2024 and December 31, 2023, respectively (includes pledged assets of $217,855 and $167,948 as of March 31, 2024 and December 31, 2023, respectively)

217,855

242,569

Receivable for loan repayment

^[1]

26,683

55,174

Accrued interest receivable

39,628

42,490

Prepaid expenses and other assets

19,911

19,213

Intangible lease asset, net of amortization

42,037

42,793

Real estate owned, net of depreciation

115,169

115,830

Real estate owned, held for sale

103,657

Total assets

6,027,724

5,955,180

LIABILITIES AND STOCKHOLDERS' EQUITY

Collateralized loan obligations

3,530,740

3,567,166

Mortgage note payable

23,998

Unsecured debt

81,320

81,295

Derivative instruments, measured at fair value

524

Interest payable

15,052

15,383

Distributions payable

36,308

36,133

Accounts payable and accrued expenses

11,195

13,339

Due to affiliates

20,969

19,316

Intangible lease liability, held for sale

12,297

Total liabilities

4,352,593

4,279,223

Commitments and Contingencies

Total redeemable convertible preferred stock

89,748

Equity:

Common stock, $0.01 par value, 900,000,000 shares authorized, 83,254,483 and 82,751,913 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively

820

Additional paid-in capital

1,597,611

1,599,197

Accumulated other comprehensive income (loss)

530

(703)

Accumulated deficit

(299,326)

(298,942)

Total stockholders' equity

1,558,377

1,559,114

Non-controlling interest

27,006

27,095

Total equity

1,585,383

1,586,209

Total liabilities, redeemable convertible preferred stock and equity

6,027,724

5,955,180

Repurchase agreements - commercial mortgage loans

LIABILITIES AND STOCKHOLDERS' EQUITY

Repurchase agreements

412,556

299,707

Other financings

12,865

36,534

Repurchase agreements - real estate securities

LIABILITIES AND STOCKHOLDERS' EQUITY

Repurchase agreements

194,769

174,055

Series H Preferred Stock

LIABILITIES AND STOCKHOLDERS' EQUITY

Total redeemable convertible preferred stock

89,748

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 March 31, 2024 and December 31, 2023

$ 258,742

[1]	Includes $26.6 million and $55.1 million of cash held by servicer related to the CLOs as of March 31, 2024 and December 31, 2023, respectively.

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 May 17 2024, market cap of Franklin BSP Realty Trust, Inc. is 1.08 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 May 17 2024, FBRT's PE ratio (Price to Earnings) is 7.84 and Price to Sales (PS) ratio is 1.95. 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.