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Franklin BSP Realty Trust, Inc. (New York Stock Exchange:FBRT)
US · Delayed Price · Currency is USD
Real Estate · REIT - Mortgage
6.43+0.24 (+3.88%)
Market cap
$495M
Insider Score
Health Score
Analyst consensus
Listed since
Oct 19, 2021
Website
Insider Score
93/ 100
FBRT Insider Score
Bullish3 qualifying trades · 1 insider · $25.74K bought in the last 90 days
Financial Health Score
Fair
From FBRT’s reported statements · Q3 2026 (trailing 12 months)
Profitability12 / 20
Profitable, but on a thin margin.
- Revenue
- $541.0M
- Net income
- $20.1M
- Net margin
- 3.7%
Leverage0 / 20
Heavily indebted for what it earns.
- Total debt
- $3.94B
- Cash
- $100.8M
- Net debt / EBITDA
- 13.20x
Liquidity0 / 20
Owes more within a year than it holds to pay it.
- Current assets
- $155.5M
- Current liabilities
- $870.9M
- Current ratio
- 0.18
Cash generation20 / 20
The business funds itself from operations.
- Operating cash flow
- $216.6M
- Free cash flow
- $216.4M
- FCF margin
- 40.0%
Dilution & runway20 / 20
Not funding itself by issuing shares.
- Shares outstanding
- 80.3M
- Share growth (1y)
- -2.3%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
FBRT Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | 120.73 M | 141.49 M | 133.84 M | 144.97 M | 136.62 M | 119.51 M |
| Revenue Growth (YoY) | -11.63 % | 18.40 % | 7.55 % | 7.05 % | -2.10 % | -10.00 % |
| Cost of Revenue | 10.34 M | 9.94 M | 12.89 M | 14.07 M | 76.49 M | 70.21 M |
| Gross Profit | 110.39 M | 131.56 M | 120.95 M | 130.89 M | 60.13 M | 49.29 M |
| SG&A Expense | 4.74 M | 7.24 M | 42.90 M | 38.36 M | 55.54 M | 16.43 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 88.48 M | 51.63 M | 54.91 M | 30.95 M | 58.41 M | 16.33 M |
| Operating Income | 21.91 M | 79.93 M | 66.04 M | 99.94 M | 1.72 M | 32.97 M |
| Pretax Income | -35.06 M | 13.38 M | 13.22 M | 24.65 M | 14.72 M | 24.25 M |
| Tax Provision | 8.02 M | -2.90 M | 929.00 K | 6.27 M | -2.90 M | -138.00 K |
| Net Income | -26.68 M | 15.57 M | 11.98 M | 19.25 M | 17.31 M | 23.20 M |
| EPS (Basic) | -0.41 | 0.12 | 0.07 | 0.14 | 0.12 | 0.19 |
| EPS (Diluted) | -0.41 | 0.12 | 0.07 | 0.13 | 0.12 | 0.19 |
| Shares Outstanding | 80.29 M | 76.37 M | 79.93 M | 136.55 M | 82.21 M | 82.18 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.
Disclaimer — Informational only — not investment advice. Insider transaction data is sourced from SEC Form 4 filings; market data from public feeds and may be delayed. The Insider Score is a proprietary score for research purposes and does not predict future performance. Always do your own research.