Franklin BSP Realty Trust Inc. Common Stock (FBRT)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I want a durable business, conservative leverage, and a margin of safety. Franklin BSP Realty Trust is a commercial real estate debt REIT. Its filed record is weakening. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $65.3 million, net income $15.6 million, and diluted EPS $0.12. In fiscal Q2 2025, the quarter ended 2025-06-30, net income was $23.2 million and diluted EPS $0.19. For FY2025, ended 2025-12-31, net income was $82.3 million and EPS $0.64, down from FY2024 net income $95.9 million and EPS $0.82, and far below FY2023 net income $145.2 million and EPS $1.42. Revenue also fell from $89.5 million in fiscal Q3 2025 to $74.4 million in fiscal Q1 2026 to $65.3 million in fiscal Q2 2026. FairStock, using the 2026-10-13 close, shows P/E 14.35, P/B 0.42, ROE 4.12%, ROCE 1.07%, D/E 2.70, dividend yield 10.71%, beta 1.11, FairStock Score 44/100, and Piotroski 6/9. A 0.42x P/B looks cheap, but 4.12% ROE is poor and D/E 2.70 means credit risk can magnify trouble. A 10.71% yield versus $0.43 EPS raises payout questions. The Lynch category is STALWART, but profits are contracting. CET1, net interest margin, and combined ratio are not in the data, so I cannot fully judge underwriting. I see a possible bargain, but not a safe one without evidence that credit and earnings stabilize.

In plain English: Franklin BSP Realty Trust is a real estate lender that invests in commercial property debt. The business looks weak right now: its latest quarterly profit fell from a year earlier, and it pays a very high dividend relative to its earnings. The stock price is far below the value of its assets on paper, but that may reflect worries about credit and falling profits.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer