Franklin BSP Realty Trust Inc (FBRT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Franklin BSP Realty Trust Inc stock $15.70, price $6.20, upside +153.2%, quality 60 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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Franklin BSP Realty Trust Inc
FBRT · USThe stock costs 61% less than our calculation considers fair.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $3.86 – $11.65 · fair‑value band $5.61 – $20.27 · the $6.20 price screens below the $15.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
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.
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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.
Stock analysis
Franklin BSP Realty Trust Inc (FBRT) currently trades at $6.20, while our model-based Fair Value estimate is $15.70, implying the stock looks roughly 61% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $79.99 per share, and 9 of the 11 models we run sit above the $6.20 price.
Bear case: the Asset-Based group reads lowest at $5.10, and 2 of the 11 models stay below the price. Data coverage for this calculation is high.
Scenario range: $5.61 (bear) to $20.27 (bull), the price of $6.20 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Franklin BSP Realty Trust Inc reported revenue of $556M in FY2025 versus $222M in FY2021, a compound +25.8%/yr. Reported net income was $82.3M in FY2025, compounding +33.8%/yr from FY2021.
Key figures
Market cap $525M Small · P/E ratio 14.1 · P/S ratio 2.09 · EPS (TTM) $0.4400 · Net margin 14.8% · Return on equity 4.1% · Return on assets (EBIT) 2.7% (5-year average) · Operating margin 8.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 40% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 56% fair-value upside, at 153%, FBRT screens cheaper than that median.
Fair Value models
All 13 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors bought shares worth $1.2M, most recently on Nov 3, 2026. Buying cluster
- BuyRichard J ByrneChairman and CEO, Director162,600 shares at $6.14$998,364Nov 3, 2026
- BuyBuford H OrtaleDirector3× since Feb 17, 2026: 30,771 shares, avg. $8.42$259,087Nov 2, 2026
- BuyBrian BuffonePresident27,000 shares at $9.41$254,070Mar 3, 2026
- SalePeter J McDonoughDirector1,500 shares at $10.00$15,000Nov 21, 2025
Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Watch FBRT, get fair value alerts →
Earlier news
- FBRT Q3 deep dive: asset sales, share repurchases, and market headwinds shape outlook
- Arbor Realty Trust, Franklin BSP Realty Trust, PennyMac Financial Services, Walker & Dunlop, and Ladder Capital Shares Are Falling, What
- ServisFirst Bancshares, Arbor Realty Trust, Franklin BSP Realty Trust, Rocket Companies, and Walker & Dunlop Shares Are Soaring, What Yo
- Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2026 Earnings Release and Conference Call
Compare Franklin BSP Realty Trust Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Mortgage · 31 stocks
Valuation Multiplesvs REIT - Mortgage median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- Stock screener with 62 metrics
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Mortgage stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| MFA Financial, Inc MFA | $6.21 | $14.69 | +137% | vs FBRT |
| AGNC Investment Corp AGNC | $8.78 | $18.66 | +113% | vs FBRT |
| Starwood Property Trust, Inc STWD | $12.05 | $25.00 | +107% | vs FBRT |
| Orchid Island Capital, Inc ORC | $4.94 | $8.77 | +78% | vs FBRT |
| ARMOUR Residential REIT, Inc ARR | $12.60 | $19.59 | +56% | vs FBRT |
| Rithm Capital Corp RITM | $9.23 | $13.14 | +42% | vs FBRT |
| Annaly Capital Management, Inc NLY | $18.75 | $19.24 | +3% | vs FBRT |
| Ellington Financial Inc EFC | $11.26 | $11.12 | −1% | vs FBRT |
| Dynex Capital, Inc DX | $10.68 | $9.12 | −15% | vs FBRT |
| Ladder Capital Corp LADR | $8.91 | $7.56 | −15% | vs FBRT |
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Key figures of Franklin BSP Realty Trust Inc
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