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.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
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.
OPEN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
OPEN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like OPEN.
FBRT PE Valuation
FBRT has no meaningful PE right now: it lost money over the past year.
OPEN PE Valuation
OPEN 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.
OPEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
OPEN has the edge over FBRT on the outlook, with more favorable revenue and profitability expectations.
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 the edge over OPEN on earnings, with more consistent year-over-year improvement.
OPEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.00 | -$1.56 |
| Q2 2026 | -$1.89 | -$1.46 |
| Q1 2026 | -$1.76 | -$1.24 |
| Q4 2025 | -$1.70 | -$1.14 |
| Q3 2025 | -$0.44 | +$0.09 |
| Q2 2025 | -$0.43 | +$0.15 |
| Q1 2025 | -$0.52 | -$0.10 |
| Q4 2024 | -$0.56 | -$0.14 |
OPEN lost $2.00 per share over the past year, and its loss has widened in each of the last five quarters.
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 has the edge over OPEN on sales, with more consistent year-over-year improvement.
| 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.
OPEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +12% |
| Q2 2026 | $883M | -44% |
| Q1 2026 | $720M | -38% |
| Q4 2025 | $736M | -32% |
| Q3 2025 | $915M | -34% |
| Q2 2025 | $1.6B | +3.7% |
| Q1 2025 | $1.2B | -2.4% |
| Q4 2024 | $1.1B | +25% |
OPEN's revenue is recovering but still below its 2022 peak: $1B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | -11 points |
| Q2 2026 | -16% | -16 points |
| Q1 2026 | -22% | -17 points |
| Q4 2025 | -20% | -12 points |
| Q3 2025 | -7.4% | -2.6 points |
| Q2 2025 | -0.8% | +3.9 points |
| Q1 2025 | -4.9% | +2.5 points |
| Q4 2024 | -8.7% | +4.6 points |
OPEN's operating margin was −18% last quarter, down 11 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 has the edge over OPEN on cash generation, producing positive trailing cash flow while its opponent burns cash.
OPEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$836M | -294% |
| Q2 2026 | -$723M | -188% |
| Q1 2026 | -$250M | +$33M |
| Q4 2025 | $67M | +$150M |
| Q3 2025 | $432M | +671% |
| Q2 2025 | $821M | +$1.2B |
| Q1 2025 | -$283M | -$97M |
| Q4 2024 | -$83M | +$468M |
OPEN's free cash flow was −$1.7B over the past year, against $887M the year before. Free cash flow isn't a meaningful measure for real estate companies like OPEN.
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 the edge over OPEN on shareholder dilution, with a more favorable share count trend.
| 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.
OPEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -16.3M shares |
| 1 year | +30% | +220M shares |
| 3 years | +42% | +282M shares |
| 5 years | +61% | +361M shares |
| Available history | +1042% | +866M shares |
OPEN has 949M diluted shares, up 30% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
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.
OPEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 337.2x | High |
OPEN's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for real estate companies like OPEN.
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).
OPEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.6 | Oversold |
| Stochastic | 1.2 | Oversold |
OPEN's weekly RSI is 21 (oversold) and its Stochastic is 1 (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.
OPEN PE vs Real Estate Sector
OPEN 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.
OPEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.97 | 37% below |
| 20 week MA | $3.00 | 59% below |
| 50 week MA | $4.37 | 72% below |
| 100 week MA | $3.74 | 67% below |
| 200 week MA | $3.13 | 60% below |
OPEN is in a downtrend: it's below all five of its weekly moving averages, and 60% 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 the edge over OPEN on returns for 2026, with the stronger performance.
OPEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $27.4 | +150% |
| 2021 | $27.4 | $14.9 | -46% |
| 2022 | $14.9 | $1.02 | -93% |
| 2023 | $1.02 | $4.48 | +339% |
| 2024 | $4.48 | $1.67 | -63% |
| 2025 | $1.67 | $6.01 | +260% |
| 2026 YTD | $6.01 | $1.24 | -79% |
OPEN's yearly returns have swung widely, from +339% in 2023 to −93% in 2022. It's down 79% so far in 2026.