FBRT - NYSE

Franklin BSP Realty Trust, Inc.

FBRT·NYSE

$8.45

+0.66%

Real EstateREIT - Mortgage

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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$649.95M

EPS0.6500

P/E Ratio12.99

Earnings Date07/29/2026

291.94M

Operating Cash Flow

410%

3Y+91.0%

5Y+153.0%

10Y+734.0%

380.81M

Investing Cash Flow

-345%

3Y-88.0%

5Y+58.0%

10Y+173.0%

-684.43M

Financing Cash Flow

1309%

3Y-79.0%

5Y+83.0%

10Y+857.0%

Franklin BSP Realty Trust, Inc. Cash Conversion Engine

FBRT · NYSE

FCF Components

Net Income82.27M

Depreciation & Amortization0.00

Stock-Based Compensation9.12M

Change in Working Capital10.89M

Others189.66M

Capital Expenditures-360.00K

Free Cash Flow291.94M

Cash Flow Quality Analysis

FCF Conversion Rate

354.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

0.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+410.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$10.89M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Franklin BSP Realty Trust, Inc. Cash Flow Statement

FBRT • NYSE

Franklin BSP Realty Trust, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
OPERATING ACTIVITIES
Net Income	82.3M	92.4M	145.2M	14.2M	25.7M	54.7M	83.9M	52.8M	33.8M	30M	24.9M	5.4M	102K	-96K
Depreciation & Amortization	0.0	5.6M	7.1M	5.3M	2.1M	2.2M	3.4M	8.1M	2.1M	1.7M	1.3M	80K	0.0	0.0
Change in Deferred Taxes	0.0	0.0	0.0	0.0	13.1M	19.3M	-3.4M	-3.3M	-2.8M	1.8M	-940K	276K	0.0	0.0
Stock-Based Compensation	9.1M	8.2M	4.8M	2.5M	211K	193K	156K	157K	97K	44K	30K	28.2K	15.9K	0.0
Other Non-Cash Items	189.7M	-51.6M	42.6M	125M	2.8M	41.8M	-43.8M	-41.8M	-23.5M	424K	190K	311.8K	1M	96K
Cash Taxes Paid	(1.1M)	(1M)	(325K)	(1.2M)	(140K)	(4.4M)	(0.0)	(355K)	(0.0)	(0.0)	(159K)	(0.0)	(0.0)	(0.0)
Change in Working Capital	10.9M	2.6M	-2.3M	5.5M	102.6M	-2.9M	5.1M	-8.9M	-1.3M	1.1M	-38K	-3.1M	-355K	0.0
Cash from Operating Activities	291.9M	57.2M	197.4M	152.5M	146.5M	115.3M	45.4M	7.1M	8.4M	35M	25.4M	2.7M	776K	0.0
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	(0.0)	(0.0)	(0.0)	-663K	(2.9B)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Acquisitions, Net	(0.0)	(0.0)	(0.0)	(0.0)	(174.1M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Purchase of Investments	(0.0)	-79.5M	-223.8M	-221.8M	-2.9B	-149.4M	-368.6M	-40.3M	-592K	(1.2B)	-85.5M	-45.6M	-5B	(0.0)
Sale/Maturity of Investments	0.0	154.5M	0.0	3.7B	2.1B	346.2M	9.4M	12.5M	49.9M	81.3M	3M	0.0	0.0	0.0
Other Investing Items	380.8M	-230.5M	604.6M	-412M	-1.2B	43.9M	-610M	-828M	-382.1M	-1.2B	-667.4M	-471.6M	-35.8M	0.0
Cash from Investing Activities	(380.8M)	-155.5M	(380.8M)	(3.1B)	(1.1B)	(240.7M)	-969.2M	-855.8M	-332.8M	(139.4M)	-749.8M	-471.6M	-35.8M	(0.0)
FINANCING ACTIVITIES
Net Issuance of Common Stock	-14.4M	-4.9M	-12.5M	-16.6M	-11.4M	413K	61.7M	109.3M	-20.5M	-19M	382.6M	309.9M	27.2M	0.0
Net Issuance of Debt	-514.8M	118.8M	-265.1M	-3.1B	-1.1B	-323.7M	764.3M	743.8M	364.4M	-13.1M	433.8M	166.9M	7.3M	0.0
Cash Paid for Dividends	-145.6M	-144.9M	-144.3M	-139.4M	-68M	-49.8M	-60.6M	-37M	-38.8M	-40.3M	-26.9M	-7.6M	-286K	(0.0)
Share Repurchases	-14.4M	-4.9M	-12.5M	-16.6M	-11.4M	-10.3M	-13.8M	-15.1M	-20.5M	-19M	-2.6M	-464K	-35K	(0.0)
Other Financing Items	-9.7M	-17.6M	-3.1M	64.6M	-9.5M	0.0	0.0	0.0	-12M	793K	-50.7M	-67K	956.3K	6K
Cash from Financing Activities	-684.4M	-48.6M	-425M	-3.2B	-1.1B	-373M	828.6M	961.4M	290.1M	-71.5M	738.8M	469.2M	35.2M	6K
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	469.2M	0.0	0.0
Net Change in Cash	-11.7M	-146.8M	153.2M	22.3M	76.1M	-17M	-95.3M	112.7M	-34.3M	102.9M	14.4M	208K	-395K	6K
Cash at Beginning of Period	196.9M	343.7M	190.5M	168.2M	92.1M	109.1M	204.4M	91.7M	118M	20.2M	386K	178K	573K	0.0
Cash at End of Period	185.2M	196.9M	343.7M	190.5M	168.2M	92.1M	109.1M	204.4M	83.7M	123.1M	14.8M	386K	178K	6K
Free Cash Flow	291.9M	57.2M	197.4M	151.9M	3B	115.3M	45.4M	7.1M	8.4M	35M	25.4M	2.7M	776K	0.0

SEC Filings

FBRT - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	April 29, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 20, 2026	April 15, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 17, 2026	June 08, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 25, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 11, 2026	February 11, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 10, 2026	February 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 21, 2026	January 14, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	November 05, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 29, 2025	October 29, 2025	2025	View Filing

Showing 1 to 10 of 230 filings

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