0.88%
1.93%
-1.76%
-7.65%
-0.30%
-5.11%
-25.25%
AI Spotlight on FBRT
Company Description
Franklin BSP Realty Trust, Inc., a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt secured by properties located in the United States.The company also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment.In addition, it invests in commercial real estate debt investments, which includes first mortgage loans, mezzanine loans, bridge loans, and other loans related to commercial real estate.
The company qualifies as a real estate investment trust for federal income tax purposes.It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.The company was formerly known as Benefit Street Partners Realty Trust, Inc.
Franklin BSP Realty Trust, Inc.was incorporated in 2012 and is headquartered in New York, New York.
Market Data
| Last Price | 12.78 |
| Change Percentage | 0.88% |
| Open | 12.67 |
| Previous Close | 12.67 |
| Market Cap ( Millions) | 1046 |
| Volume | 67001 |
| Year High | 14.12 |
| Year Low | 11.96 |
| M A 50 | 12.74 |
| M A 200 | 12.9 |
Financial Ratios
| FCF Yield | 16.08% |
| Dividend Yield | 11.11% |
| ROE | 5.91% |
| Debt / Equity | 306.04% |
| Net Debt / EBIDTA | 1616.97% |
| Price To Book | 0.69 |
| Price Earnings Ratio | 11.01 |
| Price To FCF | 6.22 |
| Price To sales | 1.9 |
| EV / EBITDA | 20.11 |
News
- Jan -23 - Past Time To Take Gains On These Big Yielders
- Jan -15 - High Yield REITs Whacked By Higher Rates
- Jan -10 - Franklin BSP Realty Trust, Inc. Schedules Fourth Quarter 2024 Earnings Release and Conference Call
- Dec -16 - Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
- Dec -13 - Huge Yields, Brief Notes
- Nov -19 - Dividend Aristocrats Yielding over 6% to Buy in November
- Nov -14 - Franklin BSP Realty Trust Is Trading At A Very Reasonable Premium
- Nov -05 - Franklin BSP Realty Trust, Inc. (FBRT) Q3 2024 Earnings Call Transcript
- Nov -05 - Franklin BSP (FBRT) Reports Q3 Loss, Lags Revenue Estimates
- Nov -04 - Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Results
- Oct -17 - 3 Shares Yielding Over 9%
- Oct -10 - 3 Small-Cap Stocks Ready to Deliver Significant Growth
- Oct -10 - Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call
- Sep -26 - Franklin BSP Realty Trust, Inc. Announces Closing of a $1.024 Billion CRE CLO
- Sep -25 - 5 Shares Yielding 8% To 11%
- Aug -28 - Franklin BSP Realty Trust May Be Close To Overvaluation
- Aug -19 - Want $13,500? Check Out These High Dividend REIT Stocks
- Aug -16 - 10% Or Higher Dividend Yields
- Aug -07 - Best Dividend Stocks Yielding Over 10% to Buy Now
- Aug -02 - Bashing Big Yielders
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Real Estate Debt and Other Real Estate Investments
Expected Growth : 1.2 %
What the company do ?
Franklin BSP Realty Trust, Inc.'s Real Estate Debt and Other Real Estate Investments involve lending to property owners and investing in real estate assets, generating income through interest and property appreciation.
Why we expect these perspectives ?
Franklin BSP Realty Trust, Inc.'s 1.2% growth in Real Estate Debt and Other Real Estate Investments is driven by increasing demand for commercial properties, low interest rates, and a strong economy. Additionally, the company's diversified portfolio, strategic acquisitions, and effective asset management contribute to its growth.
Segment n°2 -> Real Estate Owned
Expected Growth : 0.8 %
What the company do ?
Real Estate Owned (REO) from Franklin BSP Realty Trust, Inc. refers to properties seized by the company due to foreclosure, now managed and sold to recover losses.
Why we expect these perspectives ?
Franklin BSP Realty Trust's 0.8% growth in Real Estate Owned is driven by increasing demand for commercial properties, strategic acquisitions, and a strong balance sheet. Additionally, the company's focus on diversified property types and geographic locations has contributed to its steady growth. Furthermore, the company's ability to effectively manage its portfolio and maintain a low debt-to-equity ratio has also supported its growth.
Segment n°3 -> Real Estate Securities
Expected Growth : 1.1 %
What the company do ?
Franklin BSP Realty Trust, Inc.'s Real Estate Securities offer investors a diversified portfolio of commercial properties, providing a stable income stream and potential long-term appreciation.
Why we expect these perspectives ?
Franklin BSP Realty Trust, Inc.'s 1.1% growth in Real Estate Securities is driven by increasing demand for commercial properties, steady economic growth, and low interest rates. Additionally, the company's diversified portfolio, strategic acquisitions, and effective asset management contribute to its growth. Furthermore, the growing trend of e-commerce and logistics fuels demand for industrial and warehouse spaces, benefiting the company's investments.
Segment n°4 -> Taxable Real Estate Investment Trust Subsidiary
Expected Growth : 0.9 %
What the company do ?
A Taxable REIT Subsidiary is a subsidiary of Franklin BSP Realty Trust, Inc. that holds taxable assets, allowing the REIT to consolidate taxable income and reduce tax liabilities.
Why we expect these perspectives ?
Franklin BSP Realty Trust's Taxable REIT Subsidiary growth is driven by increasing demand for commercial properties, strategic acquisitions, and effective asset management. The 0.9 growth rate is also attributed to a strong balance sheet, access to capital markets, and a diversified portfolio of properties across the US.
Franklin Bsp Realty Trust, Inc. Products
| Product Range | What is it ? |
|---|---|
| Commercial Mortgage Loans | Franklin BSP Realty Trust, Inc. offers commercial mortgage loans to investors, providing financing for commercial properties such as office buildings, retail centers, and apartments. |
| Commercial Real Estate Investments | The company invests in commercial real estate properties, generating rental income and potential long-term appreciation in property value. |
| Real Estate Debt Investments | Franklin BSP Realty Trust, Inc. offers debt investments in real estate, providing financing for property acquisitions, developments, and refinancings. |
| Real Estate Equity Investments | The company invests in real estate equity, providing capital for property acquisitions, developments, and joint ventures. |
Franklin BSP Realty Trust, Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Franklin BSP Realty Trust, Inc. is medium due to the availability of alternative investment options in the real estate industry.
Bargaining Power Of Customers
The bargaining power of customers for Franklin BSP Realty Trust, Inc. is low due to the company's diversified portfolio and strong brand presence.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Franklin BSP Realty Trust, Inc. is medium due to the company's dependence on a few key suppliers for its operations.
Threat Of New Entrants
The threat of new entrants for Franklin BSP Realty Trust, Inc. is high due to the relatively low barriers to entry in the real estate industry.
Intensity Of Rivalry
The intensity of rivalry for Franklin BSP Realty Trust, Inc. is high due to the highly competitive nature of the real estate industry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 71.73% |
| Debt Cost | 7.17% |
| Equity Weight | 28.27% |
| Equity Cost | 10.72% |
| WACC | 8.17% |
| Leverage | 253.68% |
Franklin BSP Realty Trust, Inc. : Quality Control
Franklin BSP Realty Trust, Inc. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| SACH | Sachem Capital Corp. operates as a real estate finance company. The company is involved in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first … |
| EFC | Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages … |
| MITT | AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, including non-qualifying mortgages loans, government-sponsored entity … |
| LOAN | Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans … |
| LFT | Lument Finance Trust, Inc., a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Franklin BSP Realty Trust
A-Score
1-Year Total Return ->
4
Lument Finance Trust
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1-Year Total Return ->
5
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6
