FRANKLIN BSP REALTY TRUST INC (FBRT)
Financials · Mortgage REIT (mREIT) · NYSE
Franklin BSP Realty Trust is a commercial real estate finance company specializing in bridge lending and diversified debt investments.
What FRANKLIN BSP REALTY TRUST INC does
Franklin BSP Realty Trust is a real estate investment trust (REIT) that originates, acquires, and manages a diversified portfolio of commercial mortgage loans and other commercial real estate debt investments. The company focuses on floating-rate bridge loans for transitional properties, utilizing diverse financing structures including collateralized loan obligations (CLOs) and repurchase agreements.
Themes: commercial real estate finance, mortgage lending, debt investments, leveraged finance
Fundamentals
- Price$8.39 as of 2026-08-21 close
- Market cap$697M as of 2026-08-21
- 1-year return-24.0% 2025-08-21 close $11.04 → 2026-08-21 close $8.39
- P/E10.79 as of 2026-08-24
- Net margin+10.6% as of 2026-08-24
- Gross margin+42.6% as of 2026-08-24
- ROE+4.2% as of 2026-08-24
- Debt / equity2.85 as of 2026-08-24
- Revenue growth (YoY)+11.9% as of 2026-08-24
- Revenue CAGR (3y)+9.3% SEC XBRL
- Beta1.14 as of 2026-08-24
- Last reported earnings2026-07-29 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +11.0%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How FBRT compares in its sector
- price-to-earnings ratiobottom 25% 525 covered Financials peers, as of 2026-08-24
- net profit marginmiddle range 538 covered Financials peers, as of 2026-08-24
- operating marginbottom 25% 534 covered Financials peers, as of 2026-08-24
- gross marginmiddle range 176 covered Financials peers, as of 2026-08-24
- return on equitybottom 25% 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 347 covered Financials peers
- indicated dividend yieldtop 10% 453 covered Financials peers, as of 2026-08-24
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, FBRT's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 177%, operating-cash-flow payout 50%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout177% dividends / net income
- Operating-cash-flow payout50% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How FRANKLIN BSP REALTY TRUST INC looks technically
FRANKLIN BSP REALTY TRUST INC (FBRT) is trading 8.3% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 342 trading days ago — a "death cross", a bearish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 20 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 64, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2026-06-18, pushing above its recent trading range. It is 29.1% below its highest point of the past year. Trading volume is running unusually high — about 2.1× its 30-day average, a sign of heightened interest.
Trend
8
| Distance from the 200-day | it is trading 8.3% below its 200-day average, the long-term trend line — a long-term downtrend | -8.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $8.01 | $8.01 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $9.15 | $9.15 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 21 calendar days ago — the swings before that are what the structure reading is measured on | 21 sessions |
| Wave structure | its recent swings can be read as a completed five-part downward sequence — the pattern Elliott-wave chartists call an impulse — which on that reading would now be due a pullback rather than more of the same; the labelling fails if price closes below 7.345. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible five-wave downward sequence, complete |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 342 trading days ago — a "death cross", a bearish long-term signal | 342 sessions |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 20 (a reading of 25+ marks a strong trend) | 20.3 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 64, neither overbought (above 70) nor oversold (below 30) | 63.5 |
|---|---|---|
| Position in its 14-day range | it is trading right at the top of its 14-day range ($7.51 to $8.41) — its "stochastic" reading is 98 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 97.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 11 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $11.84 | $11.84 |
|---|---|---|
| From the 52-week high | it is 29.1% below its 52-week high (its highest price of the past year) | -29.1% |
| Above the 52-week low | it is 14.2% above its 52-week low (its lowest price of the past year) | +14.2% |
| Below the 52-week high | it is 29.1% below its highest point of the past year | 29.1% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-06-18, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it made a new 55-day low about 18 trading days ago | 18 sessions |
| All-time high | its highest closing price on record is $17.30 (set on 2021-10-20) | $17.30 |
| Given back of the 52-week move | over the past year its closes ranged ($7.53 to $11.67), and it has recovered roughly a quarter of its fall from last year’s high — 21% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $10.09 to $10.22. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 20.8% |
| From the all-time high | it is 51.5% below its all-time high | -51.5% |
| Nearest price level | it is trading 0.9% below a resistance level at $8.46 — a price it turned at twice since 2026-02-12, most recently on 2026-06-22. Since 2024-08-21 it has 2 such levels below the current price and 13 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.9% |
| All-time low | its lowest closing price on record is $7.34 (set on 2026-07-31) | $7.34 |
| Above the all-time low | it is 14.2% above its all-time low | +14.2% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 60th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.2354 between its high and its low — about 2.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.2354 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $7.44 and $8.32 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $7.44 – $7.88 – $8.32 |
| Typical daily range (% of price) | its price moves about 2.8% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.8% |
| Stretch from the 200-day average | it is trading 3.2 daily ranges below its 200-day average price (8.3% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 3.2 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is running unusually high — about 2.1× its 30-day average, a sign of heightened interest | 2.10× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a bullish engulfing | 8 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 8 sessions ago |
| Since a bearish engulfing | 5 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 5 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.6% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +0.6% |
|---|---|---|
| Gap filled | a 6.1% gap up opened on 2026-07-30 has been "filled" 16 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 16 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 2.9 percentage points (the stock gained 5.3% while the market gained 2.3%) | +2.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 7.0 percentage points (the stock lost 3.9% while the market gained 3.1%) | -7.0% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 19.1 percentage points (the stock lost 8.0% while the market gained 11.1%) | -19.1% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 44.5 percentage points (the stock lost 24.0% while the market gained 20.5%) | -44.5% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a fresh 20-day high, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is moderate, spanning 6.0% of the share price. | 0.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 3% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $8.68 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -3.3% |
|---|---|---|
| Vs the average paid since it last reported | the price is 6% above the average price paid since it last reported on 2026-07-29 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $7.90 — a volume-weighted average of daily closes over 18 sessions, not a true tick-by-tick VWAP. | +6.2% |
Price levels it has turned at before
FBRT last closed at $8.39 on 2026-08-21. Since 2024-08-21 it has turned at 2 prices below its last close and 13 above; the 2 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $8.46 | Resistance | 0.9% above the last close | turned there twice · 2026-02-12 to 2026-06-22 |
| $8.28 | Support | 1.4% below the last close | turned there twice · 2026-03-31 to 2026-07-17 |
| $8.06 | Support | 3.9% below the last close | turned there twice · 2026-06-17 to 2026-07-30 |
| $9.26 | Resistance | 10.4% above the last close | turned there three times · 2026-03-19 to 2026-05-18 |
| $9.62 | Resistance | 14.6% above the last close | turned there four times · 2025-11-20 to 2026-04-30 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $7.34.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Unusually heavy trading volume · Broke out to a new 20-day high · Broke out to a new 20-day high on heavy volume · lagging the market | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.60 mean, 1=Strong Buy…5=Strong Sell) — 4 analysts
- Mean price target$12.75 range $10.00 – $16.00; median $12.50
Analyst estimates, as of 2026-08-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for FBRT
- Consensus EPS estimate$0.2525 next reporting period, as of 2026-08-21
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High sensitivity to credit losses in the commercial real estate loan portfolio.","Significant reliance on leverage via collateralized loan obligations and repurchase agreements to fund operations.","Interest rate volatility affecting net interest income and the fair value of real estate securities."]
What changed in the latest 10-Q
AI-assisted comparison of FBRT's 10-Q filed 2026-04-29 against the prior one filed 2025-11-05.
Management's Discussion & Analysis (MD&A)
- Added:
- Reference to Annual Report on Form 10-K for fiscal year ended December 31, 2025 filed February 25, 2026 (newer filing)
- OP entity description changed to 'FBRT OP LLC, a Delaware limited liability company' with clarification about OP Units terminology
- Added risk factor: 'the impact of national health crises or international military conflicts' (expanded from prior version)
- Added risk factor: 'our ability of us and our external advisor to retain qualified personnel'
- Updated OP Units ownership percentage to 90% as of March 31, 2026
- Updated employee count to 243 employees as of March 31, 2026
- Book Value Per Share table dated March 31, 2026
- Removed:
- Reference to Annual Report on Form 10-K for fiscal year ended December 31, 2024 filed February 26, 2025 (older filing)
- OP entity description as 'Benefit Street Partners Realty Operating Partnership, L.P., a Delaware limited partnership'
- Risk factor: 'our ability to recover unpaid principal on defaulted loans' (replaced with expanded version)
- Risk factor: 'the availability of qualified personnel'
- Risk factor: 'our ability to hire and retain key personnel'
- Risk factor: 'the impact of national health crises' (without military conflicts reference)
- Risk factor reference to 'this Quarterly Report on Form 10-Q for the quarter ended September 30, 2025'
- OP Units ownership percentage of 91% as of September 30, 2025
- Employee count of 218 employees as of September 30, 2025
- Book Value Per Share table dated September 30, 2025
- Reworded:
- Risk factor expanded from 'our ability to recover unpaid principal on defaulted loans' to 'our ability to recover unpaid principal on defaulted loans and reinvest it in income producing assets'
- Risk factor changed from 'the availability of qualified personnel' and 'our ability to hire and retain key personnel' (two separate items) to single consolidated item 'the ability of us and our external advisor to retain qualified personnel'
- Risk factor 'the impact of national health crises' expanded to 'the impact of national health crises or international military conflicts'
- Risk factor changed from 'our ability to maintain our qualification as a real estate investment trust (REIT)' to 'our ability to maintain our qualification as a real estate investment trust (REIT) for U.S. federal income tax purposes'
- Notes:
- The comparison reflects updates reflecting the newer filing period (Q1 2026 vs Q3 2025), including different reference dates and reporting periods
- Changes in employee count and ownership percentages reflect actual business changes between the two periods
- Risk factor modifications reflect substantive updates to the risk disclosure framework between filings
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
2 open-market purchases and 0 open-market sales by insiders in the last 90 days.
- Last 90 days2 buys ($291612) · 0 sells — 1 buying insider
- Last 180 days3 buys ($545744) · 0 sells — 2 buying insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-15. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about FBRT's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 2 matched disclosures for FBRT from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Short interest (FINRA)
FBRT had 5,763,694 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
FBRT had 6.94% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.32 days to cover at the same settlement.
- Reported short interest (shares) 5,763,694
- Short interest (% of shares outstanding) 6.94%
- Prior settlement (shares) 5,939,833
- Reported change -2.97%
- Days to cover (reported) 4.32
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Blackstone Mortgage Trust (BXMT)
- Starwood Property Trust (STWD)
- KKR Real Estate Finance Trust (KREF)
- Apollo Commercial Real Estate Finance (ARI)
- Ladder Capital (LADR)
- Ares Commercial Real Estate (ACRE)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does FRANKLIN BSP REALTY TRUST INC (FBRT) do?
Franklin BSP Realty Trust is a real estate investment trust (REIT) that originates, acquires, and manages a diversified portfolio of commercial mortgage loans and other commercial real estate debt investments. The company focuses on floating-rate bridge loans for transitional properties, utilizing diverse financing structures including collateralized loan obligations (CLOs) and repurchase agreements.
What sector is FRANKLIN BSP REALTY TRUST INC (FBRT) in?
FRANKLIN BSP REALTY TRUST INC (FBRT) is classified in the Financials sector. Its industry is Mortgage REIT (mREIT). It trades on NYSE.
Does FBRT pay a dividend?
Yes — FRANKLIN BSP REALTY TRUST INC (FBRT) pays a dividend, with an indicated yield of about 10.98% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are FRANKLIN BSP REALTY TRUST INC's (FBRT) competitors?
Notable peers of FRANKLIN BSP REALTY TRUST INC (FBRT) include Blackstone Mortgage Trust, Starwood Property Trust, KKR Real Estate Finance Trust, Apollo Commercial Real Estate Finance and Ladder Capital. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in FBRT?
Yes — we hold 2 matched STOCK Act disclosures for FBRT from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is FRANKLIN BSP REALTY TRUST INC (FBRT) overbought or oversold right now?
FRANKLIN BSP REALTY TRUST INC (FBRT) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 64, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on FBRT come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.