(FBRT) Franklin BSP Realty Trust - Ratings and Ratios
Commercial Mortgage Loans, Multifamily Bridge Loans, Real Estate Credit
FBRT EPS (Earnings per Share)
FBRT Revenue
Description: FBRT Franklin BSP Realty Trust
Franklin BSP Realty Trust (FBRT) is a U.S.-based REIT focused on high‑quality office properties, classified under Asset Management & Custody Banks. The company trades at roughly $11.35 per share with a market capitalization near $933 million, positioning it in the lower‑mid cap segment of the REIT universe.
Key performance indicators show a price‑to‑earnings multiple of 11.6, while return on equity sits at 5.4 %. The stock’s beta of 1.15 signals modestly higher volatility than the broader market, and its average daily volume exceeds 480 k shares, indicating reasonable liquidity. Recent price action is anchored between the 20‑day and 200‑day simple moving averages, suggesting a stable short‑term trend.
Fundamentally, FBRT’s cash flow profile is driven by occupancy rates above 95 % across its core office portfolio, with average lease terms extending 7–10 years, providing predictable revenue streams. Funds from Operations (FFO) have historically grown at 3–5 % annually, supported by rent escalations tied to CPI and periodic property upgrades. The REIT maintains a debt‑to‑EBITDA leverage ratio near 5.0× and an interest coverage ratio above 3.0×, reflecting a balanced capital structure but exposing it to interest‑rate sensitivity.
Economic drivers critical to FBRT’s outlook include the Federal Reserve’s policy stance on rates, which directly impacts borrowing costs and cap‑rate compression in the office sector. Additionally, macro‑level office demand trends—particularly in the company’s primary markets—affect lease renewal rates and tenant credit quality. Regulatory shifts in REIT taxation and potential changes to depreciation schedules also present material risk/reward considerations for investors.
FBRT Stock Overview
| Market Cap in USD | 933m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2021-10-19 |
FBRT Stock Ratings
| Growth Rating | 33.7% |
| Fundamental | 54.6% |
| Dividend Rating | 89.0% |
| Return 12m vs S&P 500 | -17.9% |
| Analyst Rating | 4.80 of 5 |
FBRT Dividends
| Dividend Yield 12m | 12.21% |
| Yield on Cost 5y | 34.47% |
| Annual Growth 5y | 49.40% |
| Payout Consistency | 98.0% |
| Payout Ratio | 2.9% |
FBRT Growth Ratios
| Growth Correlation 3m | 56% |
| Growth Correlation 12m | -60.6% |
| Growth Correlation 5y | 82.4% |
| CAGR 5y | 23.04% |
| CAGR/Max DD 5y | 0.74 |
| Sharpe Ratio 12m | -0.19 |
| Alpha | -11.90 |
| Beta | 0.397 |
| Volatility | 25.79% |
| Current Volume | 389.8k |
| Average Volume 20d | 426.3k |
| Stop Loss | 11.2 (-3%) |
| Signal | 2.37 |
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (82.8m TTM) > 0 and > 6% of Revenue (6% = 33.5m TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA 0.89pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -0.37% (prev 2482 %; Δ -2483 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 170.4m > Net Income 82.8m (YES >=105%, WARN >=100%) |
| Net Debt (3.54b) to EBITDA (133.9m) ratio: 26.46 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.00 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (82.2m) change vs 12m ago 0.45% (target <= -2.0% for YES) |
| Gross Margin 17.22% (prev 0.74%; Δ 16.48pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 9.39% (prev 3.37%; Δ 6.01pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.41 (EBITDA TTM 133.9m / Interest Expense TTM 311.2m) >= 6 (WARN >= 3) |
Altman Z'' -0.17
| (A) -0.00 = (Total Current Assets 533.3m - Total Current Liabilities 535.4m) / Total Assets 5.63b |
| (B) -0.07 = Retained Earnings (Balance) -373.7m / Total Assets 5.63b |
| (C) 0.02 = EBIT TTM 128.4m / Avg Total Assets 5.95b |
| (D) -0.09 = Book Value of Equity -373.2m / Total Liabilities 4.04b |
| Total Rating: -0.17 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 54.59
| 1. Piotroski 4.0pt = -1.0 |
| 2. FCF Yield 3.54% = 1.77 |
| 3. FCF Margin 30.51% = 7.50 |
| 4. Debt/Equity 2.72 = -0.35 |
| 5. Debt/Ebitda 32.09 = -2.50 |
| 6. ROIC - WACC -0.34% = -0.43 |
| 7. RoE 5.43% = 0.45 |
| 8. Rev. Trend 6.03% = 0.30 |
| 9. Rev. CAGR 8.11% = 1.01 |
| 10. EPS Trend -54.64% = -1.37 |
| 11. EPS CAGR -6.43% = -0.80 |
What is the price of FBRT shares?
Over the past week, the price has changed by +2.03%, over one month by +13.01%, over three months by +7.71% and over the past year by -3.99%.
Is Franklin BSP Realty Trust a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FBRT is around 14.54 USD . This means that FBRT is currently undervalued and has a potential upside of +25.89% (Margin of Safety).
Is FBRT a buy, sell or hold?
- Strong Buy: 4
- Buy: 1
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FBRT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 14.7 | 27.3% |
| Analysts Target Price | 14.7 | 27.3% |
| ValueRay Target Price | 15.4 | 33% |
Last update: 2025-08-28 04:38
FBRT Fundamental Data Overview
CCE Cash And Equivalents = 422.8m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 11.5714
P/S = 4.4906
P/B = 0.7585
Beta = 1.153
Revenue TTM = 558.5m USD
EBIT TTM = 128.4m USD
EBITDA TTM = 133.9m USD
Long Term Debt = 3.84b USD (from longTermDebt, last quarter)
Short Term Debt = 459.1m USD (from shortTermDebt, last quarter)
Debt = 4.30b USD (Calculated: Short Term 459.1m + Long Term 3.84b)
Net Debt = 3.54b USD (from netDebt column, last quarter)
Enterprise Value = 4.81b USD (933.0m + Debt 4.30b - CCE 422.8m)
Interest Coverage Ratio = 0.41 (Ebit TTM 128.4m / Interest Expense TTM 311.2m)
FCF Yield = 3.54% (FCF TTM 170.4m / Enterprise Value 4.81b)
FCF Margin = 30.51% (FCF TTM 170.4m / Revenue TTM 558.5m)
Net Margin = 14.83% (Net Income TTM 82.8m / Revenue TTM 558.5m)
Gross Margin = 17.22% ((Revenue TTM 558.5m - Cost of Revenue TTM 462.3m) / Revenue TTM)
Tobins Q-Ratio = -12.88 (set to none) (Enterprise Value 4.81b / Book Value Of Equity -373.2m)
Interest Expense / Debt = 1.63% (Interest Expense 70.2m / Debt 4.30b)
Taxrate = 1.20% (from yearly Income Tax Expense: 1.12m / 93.5m)
NOPAT = 126.8m (EBIT 128.4m * (1 - 1.20%))
Current Ratio = 1.00 (Total Current Assets 533.3m / Total Current Liabilities 535.4m)
Debt / Equity = 2.72 (Debt 4.30b / last Quarter total Stockholder Equity 1.58b)
Debt / EBITDA = 32.09 (Net Debt 3.54b / EBITDA 133.9m)
Debt / FCF = 25.22 (Debt 4.30b / FCF TTM 170.4m)
Total Stockholder Equity = 1.53b (last 4 quarters mean)
RoA = 1.47% (Net Income 82.8m, Total Assets 5.63b )
RoE = 5.43% (Net Income TTM 82.8m / Total Stockholder Equity 1.53b)
RoCE = 2.39% (Ebit 128.4m / (Equity 1.53b + L.T.Debt 3.84b))
RoIC = 2.32% (NOPAT 126.8m / Invested Capital 5.47b)
WACC = 2.66% (E(933.0m)/V(5.23b) * Re(7.48%)) + (D(4.30b)/V(5.23b) * Rd(1.63%) * (1-Tc(0.01)))
Shares Correlation 5-Years: -30.0 | Cagr: -1.38%
Discount Rate = 7.48% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 80.00% ; FCFE base≈155.8m ; Y1≈176.5m ; Y5≈240.4m
Fair Price DCF = 50.57 (DCF Value 4.16b / Shares Outstanding 82.3m; 5y FCF grow 15.48% → 3.0% )
Revenue Correlation: 6.03 | Revenue CAGR: 8.11%
Rev Growth-of-Growth: 63.96
EPS Correlation: -54.64 | EPS CAGR: -6.43%
EPS Growth-of-Growth: 57.44
Additional Sources for FBRT Stock
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