Franklin BSP Realty Trust stock
FBRTNYSEFranklin BSP Realty Trust, Inc., Real EstateISIN US35243J1016
52Score 52 out of 100, Neutral
Price and trend
42 / 100
Price history
−38% in one yearThe chart shows daily closes over 5 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 25% below it.
Since April 2025 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 48).
The price is 42% below its 52-week high. Largest decline in 5 years: 65% (November 2021 to October 2026).
Chart figures for advanced users
- SMA 50$6.74
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$8.17
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)48
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$5.95
- The lowest closing price of the last twelve months.
- Resistance$10.70
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Franklin BSP Realty Trust, Inc. belongs to the REIT (Mortgage) industry (United States) and, with a market value of $474.86M, is number 15 of 19 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $555.97M (up 1.3% year on year) and earnings of $82.27M (up 19.4%).
- MEQIRI Score 52 out of 100 (Neutral): rank 197 of 327 in Real Estate, median 55.
Show more
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $14.40, with the price 56% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow above 500% of earnings over the last 12 months.Fundamentals 80
- Analysts expect strong earnings growthUp 39.2% a year through 2027 (estimates from 3 analysts).Growth 59
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 80
Weaknesses
- Margin may fall backOperating margin 68.4%, average of the prior years 27.2%, which ranged from 14.2% to 74.4%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.Profitability 37
- Interest barely coveredOperating profit covers interest only 1.3 times.Stability 29
- Dividend at riskDividend yield 12.7%. At yields this high (12 to 15%), the dividend was cut by at least a fifth within a year in 44 of 100 cases from 2011 to 2025, against 7 of 100 at 2 to 4%.Capital allocation 53
Its standout strengths are valuation and fundamentals, while stability and momentum hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- price far below its 52-week high
- weak momentum
What lowers it
- solid fundamentals
- price not overheated over the past year
Valuation
Valuation signal
Possible value trapClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $10.29 and expensive above $24.01 (uncertainty high, mortgage REIT, the fair value is book value alone).
Possible value trap: looks cheap, but high risk.
Valuation metrics
For mortgage REITs the fair value is book value per share: equity excluding preferred stock from the latest balance sheet, divided by the shares on the same date. The signal therefore assumes at least high uncertainty.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 27.3% on the twelve months before. Revenue turned from negative at the start of the period to positive ($555.97M in the latest year).
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 92%, operating 68%, net 15%. Last 12 months: net 4%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 10 Feb 2027in 90 days
- Last reported
- 28 Oct 2026EPS reported −$0.02 (expected $0.25)below expectations
Analyst estimates
Analysts have cut their 2026 earnings estimate by 27.6% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $0.61−27.6%
- Revenue
- $272.82M−2.9%
- Earnings per share
- $0.92−18.1%
- Revenue
- $288.09M−6.6%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook mixed
Share price after the results: −5.2%FBRT sees the outlook for future income growth as more constructive than it has been in four years, but warns of headwinds from a slower transaction market and a declining loan portfolio, as strong HUD activity is not expected to be sustained.
“And the outlook for future income growth is more constructive than it has been for the past 4 years.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 29 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
2 insiders bought on the open market in the last 6 months, $1.22M in total.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Franklin BSP Realty Trust
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 52
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Mortgage)
The next larger and next smaller companies by market value
- MFA FinancialMFA $590.13M42
- Chimera InvestmentCIM $566.73M37
- Invesco Mortgage CapitalIVR $536.36M40
- TPG RE Finance TrustTRTX $503.49M52
- Adamas TrustADAM $481.32M37
- BrightSpire CapitalBRSP $400.21M41
- Redwood TrustRWT $371.81M33
- KKR Real Estate Finance TrustKREF $318.72M32
ETFs that hold Franklin BSP Realty Trust
Held by 10 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Global X Superdividend UCITS ETF USDUDIV | 0.71% | 0.45% | €842.65M |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.02% | 0.30% | €4.22B |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.02% | 0.30% | €2.17B |
Show 5 more
| State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETFZPRV | 0.02% | 0.30% | €944.34M |
| Invesco Global Buyback Achievers UCITS ETFBBCK | 0.01% | 0.39% | €188.08M |
| iShares MSCI World Small Cap UCITS ETFIUSN | 0.01% | 0.35% | €8.19B |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.00% | 0.43% | €2.48B |
| UBS MSCI USA Select Factor Mix UCITS ETF USD accUSUE | 0.00% | 0.25% | €175.89M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 10 Apr 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.