FBRT
Franklin BSP Realty Trust, Inc.
FBRT lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to decline.
FBRT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| N/A | |
| N/A |
FBRT's revenue is currently stable, but its profitability is weak. Free cash flow and net leverage aren't meaningful measures for real estate companies like FBRT.
FBRT PE Valuation
FBRT has no meaningful PE right now: it lost money over the past year.
FBRT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect FBRT's earnings and revenue to decline, with profitability weakening.
FBRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.81 | — |
| Q3 2026 | -$0.09 | -111% |
| Q2 2026 | $0.44 | -55% |
| Q1 2024 | $1.33 | +27% |
| Q4 2023 | $1.42 | +$1.80 |
| Q3 2023 | $1.83 | +$4.81 |
| Q2 2023 | $1.87 | +$4.52 |
| Q1 2023 | $1.05 | +$2.75 |
| Q4 2022 | -$0.38 | -$0.20 |
FBRT has swung to a loss: it lost $0.09 per share over the past year, after a profit the year before.
FBRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $74.9M | -16% |
| Q2 2026 | $65.3M | +32% |
| Q1 2026 | $74.4M | +48% |
| Q4 2025 | $76.1M | +36% |
| Q3 2025 | $89.5M | +80% |
| Q2 2025 | $49.3M | -3.1% |
| Q1 2025 | $50.1M | -7.1% |
| Q4 2024 | $55.9M | +2.2% |
FBRT's revenue is growing: $75M last quarter, down 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | 5.3% | -44 points |
| Q2 2022 | -110% | -128 points |
| Q1 2022 | -104% | -144 points |
| Q4 2021 | -46% | -77 points |
| Q3 2021 | 49% | +41 points |
| Q2 2021 | 18% | -14 points |
| Q1 2021 | 39% | +118 points |
| Q4 2020 | 31% | -4 points |
FBRT's operating margin was 5.3% last quarter, down 44 points from the same quarter a year ago.
FBRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$89.7M | +$58.4M |
| Q2 2026 | $48.3M | +308% |
| Q1 2026 | -$54M | -146% |
| Q4 2025 | $312M | +$367.1M |
| Q3 2025 | -$148.1M | -252% |
| Q2 2025 | $11.8M | +518% |
| Q1 2025 | $116.2M | +796% |
| Q4 2024 | -$55.1M | -199% |
FBRT's free cash flow was $217M over the past year, against −$75M the year before. Free cash flow isn't a meaningful measure for real estate companies like FBRT.
FBRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -4.7% | -4M shares |
| 1 year | -11% | -9.8M shares |
| 3 years | -1.8% | -1.5M shares |
| 5 years | +82% | +36.5M shares |
| Available history | +85% | +37.2M shares |
FBRT has 81M diluted shares, down 11% from a year ago, with $131M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $60.5M |
| Q2 2026 | $16M |
| Q1 2026 | $39.8M |
| Q4 2025 | $14.4M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
FBRT spent $131M buying back its own shares over the past year, after none the year before.
FBRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2021 | 234.4x | High |
| Q3 2021 | 47.6x | High |
| Q2 2021 | 64.8x | High |
| Q1 2021 | 61.3x | High |
| Q4 2020 | 400.3x | High |
FBRT's net debt is more than 20 years of its operating earnings (EBITDA), down from more than 20 years a year ago. Net leverage isn't a meaningful measure for real estate companies like FBRT.
FBRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.8 | Oversold |
| Stochastic | 8.0 | Oversold |
FBRT's weekly RSI is 28 (oversold) and its Stochastic is 8 (oversold).
FBRT PE vs Real Estate Sector
| Metric | FBRT | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 24x | 41% below |
| PE % | 79 | 26 | 53 pts above |
FBRT has no meaningful PE right now: it lost money over the past year.
FBRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.28 | 1.8% below |
| 20 week MA | $7.33 | 16% below |
| 50 week MA | $8.52 | 28% below |
| 100 week MA | $10.0 | 38% below |
| 200 week MA | $11.6 | 47% below |
FBRT is in a downtrend: it's below all five of its weekly moving averages, and 47% below its 200-week average.
FBRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $16.9 | $15.4 | -8.8% |
| 2022 | $15.4 | $13.7 | -11% |
| 2023 | $13.7 | $13.5 | -1.5% |
| 2024 | $13.5 | $12.7 | -6.1% |
| 2025 | $12.7 | $10.5 | -18% |
| 2026 YTD | $10.5 | $6.17 | -41% |
FBRT has finished every year since 2021 lower, and it's down 41% so far in 2026.