(FBRT) Franklin BSP Realty Trust - Ratings and Ratios
Commercial Mortgage Loans, Multifamily Bridge Loans, Real Estate Credit
FBRT EPS (Earnings per Share)
FBRT Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 23.4% |
| Value at Risk 5%th | 38.4% |
| Relative Tail Risk | -0.12% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.71 |
| Alpha | -22.59 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.472 |
| Beta | 0.552 |
| Beta Downside | 0.688 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.85% |
| Mean DD | 8.00% |
| Median DD | 6.79% |
Description: FBRT Franklin BSP Realty Trust August 28, 2025
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 | 817m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2021-10-19 |
| Return 12m vs S&P 500 | -24.1% |
| Analyst Rating | 4.80 of 5 |
FBRT Dividends
| Dividend Yield | 14.20% |
| Yield on Cost 5y | 37.97% |
| Yield CAGR 5y | 70.80% |
| Payout Consistency | 98.0% |
| Payout Ratio | 1.8% |
FBRT Growth Ratios
| CAGR 3y | -0.57% |
| CAGR/Max DD Calmar Ratio | -0.02 |
| CAGR/Mean DD Pain Ratio | -0.07 |
| Current Volume | 793.8k |
| Average Volume | 719.5k |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (68.5m TTM) > 0 and > 6% of Revenue (6% = 25.4m TTM) |
| FCFTA -0.01 (>2.0%) and ΔFCFTA -3.87pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -11.35% (prev 37.57%; Δ -48.92pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.01 (>3.0%) and CFO -75.2m <= Net Income 68.5m (YES >=105%, WARN >=100%) |
| Net Debt (-116.7m) to EBITDA (193.1m) ratio: -0.60 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.79 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (90.6m) change vs 12m ago 10.77% (target <= -2.0% for YES) |
| Gross Margin 4.87% (prev 64.88%; Δ -60.01pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 6.73% (prev 8.67%; Δ -1.94pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.62 (EBITDA TTM 193.1m / Interest Expense TTM 297.8m) >= 6 (WARN >= 3) |
Altman Z'' -0.15
| (A) -0.01 = (Total Current Assets 176.8m - Total Current Liabilities 224.7m) / Total Assets 6.22b |
| (B) -0.06 = Retained Earnings (Balance) -392.8m / Total Assets 6.22b |
| (C) 0.03 = EBIT TTM 185.5m / Avg Total Assets 6.28b |
| (D) -0.09 = Book Value of Equity -392.0m / Total Liabilities 4.56b |
| Total Rating: -0.15 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 36.77
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield -1.51% = -0.75 |
| 3. FCF Margin -17.83% = -6.69 |
| 4. Debt/Equity 2.93 = -0.67 |
| 5. Debt/Ebitda -0.60 = 2.50 |
| 6. ROIC - WACC (= 0.28)% = 0.36 |
| 7. RoE 4.52% = 0.38 |
| 8. Rev. Trend -47.29% = -3.55 |
| 9. EPS Trend -56.14% = -2.81 |
What is the price of FBRT shares?
Over the past week, the price has changed by +1.83%, over one month by -5.84%, over three months by -6.55% and over the past year by -12.20%.
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 11.09 USD . This means that FBRT is currently undervalued and has a potential upside of +10.9% (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 | 14.4 | 43.8% |
| Analysts Target Price | 14.4 | 43.8% |
| ValueRay Target Price | 11.7 | 17% |
FBRT Fundamental Data Overview November 15, 2025
P/E Trailing = 12.5125
P/S = 3.3888
P/B = 0.6739
Beta = 1.134
Revenue TTM = 422.6m USD
EBIT TTM = 185.5m USD
EBITDA TTM = 193.1m USD
Long Term Debt = 4.23b USD (from longTermDebt, last quarter)
Short Term Debt = 131.7m USD (from shortLongTermDebt, last quarter)
Debt = 4.31b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -116.7m USD (from netDebt column, last quarter)
Enterprise Value = 4.99b USD (816.9m + Debt 4.31b - CCE 135.6m)
Interest Coverage Ratio = 0.62 (Ebit TTM 185.5m / Interest Expense TTM 297.8m)
FCF Yield = -1.51% (FCF TTM -75.3m / Enterprise Value 4.99b)
FCF Margin = -17.83% (FCF TTM -75.3m / Revenue TTM 422.6m)
Net Margin = 16.22% (Net Income TTM 68.5m / Revenue TTM 422.6m)
Gross Margin = 4.87% ((Revenue TTM 422.6m - Cost of Revenue TTM 402.0m) / Revenue TTM)
Gross Margin QoQ = -854.9% (prev 41.25%)
Tobins Q-Ratio = 0.80 (Enterprise Value 4.99b / Total Assets 6.22b)
Interest Expense / Debt = 1.77% (Interest Expense 76.5m / Debt 4.31b)
Taxrate = 19.70% (2.90m / 14.7m)
NOPAT = 148.9m (EBIT 185.5m * (1 - 19.70%))
Current Ratio = 0.79 (Total Current Assets 176.8m / Total Current Liabilities 224.7m)
Debt / Equity = 2.93 (Debt 4.31b / totalStockholderEquity, last quarter 1.47b)
Debt / EBITDA = -0.60 (Net Debt -116.7m / EBITDA 193.1m)
Debt / FCF = 1.55 (negative FCF - burning cash) (Net Debt -116.7m / FCF TTM -75.3m)
Total Stockholder Equity = 1.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.10% (Net Income 68.5m / Total Assets 6.22b)
RoE = 4.52% (Net Income TTM 68.5m / Total Stockholder Equity 1.52b)
RoCE = 3.23% (EBIT 185.5m / Capital Employed (Equity 1.52b + L.T.Debt 4.23b))
RoIC = 2.76% (NOPAT 148.9m / Invested Capital 5.39b)
WACC = 2.48% (E(816.9m)/V(5.13b) * Re(8.05%) + D(4.31b)/V(5.13b) * Rd(1.77%) * (1-Tc(0.20)))
Discount Rate = 8.05% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 4.92%
Fair Price DCF = unknown (Cash Flow -75.3m)
EPS Correlation: -56.14 | EPS CAGR: -17.23% | SUE: -0.29 | # QB: 0
Revenue Correlation: -47.29 | Revenue CAGR: -72.11% | SUE: -0.80 | # QB: 0
Additional Sources for FBRT Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle