WallStSmart
FBRT

Franklin BSP Realty Trust Inc

NYSE: FBRT · REAL ESTATE · REIT - MORTGAGE

$8.97
-2.39% today

Updated 2026-04-29

Market cap
$703.44M
P/E ratio
14.28
P/S ratio
2.50x
EPS (TTM)
$0.64
Dividend yield
15.70%
52W range
$8 – $11
Volume
1.0M

Franklin BSP Realty Trust Inc (FBRT) Financial statements

SEC filings — annual and quarterly data.

Income statement — annual

Item20122013201420152016201720182019202020212022202320242025
Revenue$743000.00$12.70M$59.39M$79.40M$89.56M$152.29M$198.47M$184.17M$221.65M$367.36M$569.53M$548.92M$555.09M
Revenue growth (YoY)+1609.3%+367.7%+33.7%+12.8%+70.0%+30.3%-7.2%+20.3%+65.7%+55.0%-3.6%+1.1%
Cost of revenue$4.39M$12.27M$23.17M$32.36M$70.00M$93.22M$70.21M$60.84M$165.71M$305.58M$338.47M$44.63M
Gross profit$743000.00$8.31M$47.13M$56.23M$57.20M$82.29M$105.25M$113.96M$160.81M$201.65M$263.95M$210.45M$510.46M
Gross margin100.0%65.5%79.3%70.8%63.9%54.0%53.0%61.9%72.6%54.9%46.3%38.3%92.0%
R&D$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
SG&A$96000.00$71.09M$1.05M$12.61M$19.35M$21.48M$32.06M$44.22M$39.26M$47.42M$64.17M$68.32M$58.35M$29.21M
Operating income$-96000.00$101.67M$5.62M$34.20M$35.59M$36.44M$46.85M$22.85M$59.17M$164.96M$52.31M$154.77M$115.41M$380.37M
Operating margin13683.2%44.3%57.6%44.8%40.7%30.8%11.5%32.1%74.4%14.2%27.2%21.0%68.5%
EBITDA$101.67M$5.62M$34.20M$35.59M$36.44M$46.85M$58.02M$61.40M$167.07M$106.55M$163.18M$437.62M$385.89M
EBITDA margin13683.2%44.3%57.6%44.8%40.7%30.8%29.2%33.3%75.4%29.0%28.7%79.7%69.5%
EBIT$101.67M$5.62M$26.28M$11.57M$7.87M$4.47M$4.85M$59.17M$125.46M$-23.43M$154.77M$431.99M$376.30M
Interest expense$32.31M$2.20M$12.27M$23.17M$32.36M$70.00M$90.42M$66.56M$60.84M$165.71M$305.58M$338.47M$288.33M
Income tax
Effective tax rate0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income$-96000.00$101.67M$5.42M$24.93M$29.99M$33.78M$52.83M$83.92M$54.75M$25.70M$14.43M$145.22M$68.89M$82.27M
Net income growth (YoY)+106002.1%-94.7%+360.4%+20.3%+12.6%+56.4%+58.9%-34.8%-53.1%-43.9%+906.3%-52.6%+19.4%
Profit margin13683.2%42.6%42.0%37.8%37.7%34.7%42.3%29.7%11.6%3.9%25.5%12.5%14.8%