The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

FBRT

Concerning the House

Franklin BSP Realty Trust, Inc., a real estate finance company, originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure in the United States and internationally. The company operates through Real Estate Debt Business; Agency Business; Commercial Real Estate Conduit Business; and Real Estate Owned Business segments. The Real Estate Debt Business focuses on originating, acquiring, and asset managing commercial real estate debt investments, including first mortgages, subordinate mortgages, mezzanine loans, and participations in such loans and focuses on investing in and asset managing real estate securities. The Agency Business focuses on originating, selling, and servicing loans under programs offered by government-sponsored enterprises and agencies. The Commercial Real Estate Conduit Business is focused on generating risk-adjusted returns by originating and selling fixed-rate commercial real estate loans. The Real Estate Owned Business represents real estate acquired by the company through foreclosure, deed-in-lieu of foreclosure, and purchase. It also originates conduit loans. Franklin BSP Realty Trust, Inc. was formerly known as Benefit Street Partners Realty Trust, Inc. and changed its name to Franklin BSP Realty Trust, Inc. in October 2021. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.

United States · www.fbrtreit.com

The Long Run

FY 2013–2025 · 13 years

LineLatestCAGRTrend
Revenue$22.85M+36.5%
Net income$95.88M+77.0%
Cash from ops$197.39M+65.4%
Quotation

$8.13

+0.08 (+1.0%)

52w hi$10.40
52w lo$7.53
Vol1.07M
As ofAug 13
The Verdict

Hold

Our score -0.17

Short-0.02
Medium-0.23
Long-0.34

computed 2026-08-13

By the Numbers

Franklin BSP Realty Trust, Inc.

Real Estate · REIT - Mortgage

Market cap$675.16M
Enterprise value$5.14B
Trailing P/E18.91x
Forward P/E6.95x
EV / EBITDA
P / S (ttm)2.31x
Profit margin21.4%
Return on equity4.1%
Revenue growth+14.2%
Earnings growth-36.8%
Debt / equity270.29
Risk Metrics
Beta vs SPX0.61
Corr SPX0.40
Annual vol24.9%
Annual ret-19.2%
Sharpe-0.77
Max DD-44.8%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.11
Sector+0.04
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$8.12$8.19$8.06$8.131.07M
Aug 12$8.01$8.17$7.96$8.053.09M
Aug 11$7.80$8.07$7.85851.83K
Aug 10$7.89$7.93$7.69$7.811.06M
Aug 7$7.66$7.97$7.65$7.911.46M