Real Estate - REIT - Mortgage - NYSE - US
$ 12.83
-0.156 %
$ 1.05 B
Market Cap
15.84
P/E
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.[ Read More ]
The intrinsic value of one FBRT stock under the base case scenario is HIDDEN Compared to the current market price of 12.8 USD, Franklin BSP Realty Trust, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart FBRT
FINANCIALS
570 M
REVENUE
-22.4 M
OPERATING INCOME
145 M
NET INCOME
197 M
OPERATING CASH FLOW
381 M
INVESTING CASH FLOW
-425 M
FINANCING CASH FLOW
235 M
REVENUE
-5.73 M
OPERATING INCOME
29.4 M
NET INCOME
97.4 M
OPERATING CASH FLOW
109 M
INVESTING CASH FLOW
41.9 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Franklin BSP Realty Trust, Inc.
| Current Assets | 5.55 B |
| Cash & Short-Term Investments | 344 M |
| Receivables | 4.99 B |
| Other Current Assets | 221 M |
| Non-Current Assets | 401 M |
| Long-Term Investments | 243 M |
| PP&E | 0 |
| Other Non-Current Assets | 159 M |
| Current Liabilities | 271 M |
| Accounts Payable | 13.3 M |
| Short-Term Debt | 174 M |
| Other Current Liabilities | 83.1 M |
| Non-Current Liabilities | 365 M |
| Long-Term Debt | 4.01 B |
| Other Non-Current Liabilities | -3.64 B |
EFFICIENCY
Earnings Waterfall
Franklin BSP Realty Trust, Inc.
| Revenue | 570 M |
| Cost Of Revenue | 7.09 M |
| Gross Profit | 562 M |
| Operating Expenses | 46.9 M |
| Operating Income | -22.4 M |
| Other Expenses | -167 M |
| Net Income | 145 M |
RATIOS
98.76%
GROSS MARGIN
-3.93%
OPERATING MARGIN
25.50%
NET MARGIN
8.81%
ROE
2.44%
ROA
-0.39%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Franklin BSP Realty Trust, Inc.
| Net Income | 145 M |
| Depreciation & Amortization | 8.41 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 4.76 M |
| Change in Working Capital | -2.28 M |
| Others | 40.9 M |
| Free Cash Flow | 197 M |
Wall Street Analysts Price Targets
Franklin BSP Realty Trust, Inc.
Wall Street analysts predict an average 1-year price target for FBRT of $15.3 , with forecasts ranging from a low of $15 to a high of $16 .
FBRT Lowest Price Target
Wall Street Target
15 USD
16.91%
FBRT Average Price Target
Wall Street Target
15.3 USD
19.51%
FBRT Highest Price Target
Wall Street Target
16 USD
24.71%
4. DIVIDEND ANALYSIS
3.39%
DIVIDEND YIELD
0.355 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Franklin BSP Realty Trust, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
May 12, 2023
|
Bought 36.8 K USD
|
ORTALE BUFORD H
Director |
+ 2000
|
18.4 USD |
|
2 years ago
Sep 15, 2022
|
Bought 35.3 K USD
|
ORTALE BUFORD H
Director |
+ 3000
|
11.77 USD |
|
2 years ago
Sep 08, 2022
|
Bought 43.1 K USD
|
ORTALE BUFORD H
Director |
+ 2200
|
19.6 USD |
|
2 years ago
Sep 07, 2022
|
Bought 73.3 K USD
|
ORTALE BUFORD H
director: |
+ 3700
|
19.82 USD |
|
5 years ago
Jun 28, 2019
|
Bought 100 K USD
|
McDonough Peter J
Director |
+ 5984
|
16.71 USD |
|
5 years ago
Jun 28, 2019
|
Bought 100 K USD
|
ORTALE BUFORD H
Director |
+ 5984
|
16.71 USD |
|
5 years ago
Jun 28, 2019
|
Bought 100 K USD
|
Tuppeny Elizabeth K.
Director |
+ 5984
|
16.71 USD |
|
5 years ago
Jun 28, 2019
|
Bought 100 K USD
|
Handwerker Jamie
Director |
+ 5984
|
16.71 USD |
|
6 years ago
Oct 31, 2018
|
Bought 9.99 K USD
|
Baglien Jerome S.
CFO and Treasurer |
+ 598
|
16.71 USD |
|
6 years ago
Feb 14, 2018
|
Bought 35 K USD
|
Baglien Jerome S.
CFO and Treasurer |
+ 2143
|
16.33 USD |
|
6 years ago
Feb 14, 2018
|
Bought 2 M USD
|
Byrne Richard J
Chairman, CEO and President |
+ 119688
|
16.71 USD |
7. News
Franklin BSP Realty Trust Is Trading At A Very Reasonable Premium
Franklin BSP Realty Trust's GAAP net income poorly reflects core profitability; despite pandemic challenges, the firm remains more profitable than pre-pandemic. Franklin's stock is down 2.6% since the last analysis, but its total shareholder return is up 0.1%, outperforming the S&P 500 in the long run. The firm's NOPAT has been rising since 2019, despite a decline in NOPAT margin and ROIC, highlighting ongoing business challenges.
seekingalpha.com
- 3 days ago
Franklin BSP Realty Trust, Inc. (FBRT) Q3 2024 Earnings Call Transcript
Franklin BSP Realty Trust, Inc. (NYSE:FBRT ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Lindsey Crabbe - Director, Investor Relations Richard Byrne - Chairman and Chief Executive Officer Jerry Baglien - Chief Financial Officer and Chief Operating Officer Michael Comparato - President Conference Call Participants Matthew Erdner - Jones Trading Stephen Laws - Raymond James Steven Delaney - Citizens JMP Thomas Catherwood - BTIG. Operator Good day and welcome to the Franklin BSP Realty Trust Third Quarter 2024 Earnings Call.
seekingalpha.com
- 1 week ago
Franklin BSP (FBRT) Reports Q3 Loss, Lags Revenue Estimates
Franklin BSP (FBRT) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of $0.26. This compares to earnings of $0.43 per share a year ago.
zacks.com
- 1 week ago
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2024. Reported GAAP net income (loss) of $30.2 million for the three months ended September 30, 2024, compared to $(3.8) million for the three months ended June 30, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $0.30 for the three months ended September 30, 2024, compared to $(0.11) for the three mon.
businesswire.com
- 1 week ago
3 Shares Yielding Over 9%
We've got three shares where big yields are offset by one flaw or another. I recently closed out my position in one of these shares for a gain of more than 40%. Great choice about 17 months ago. Not as great today. I'll include an alternative from my portfolio that still offers an attractive yield for investors.
seekingalpha.com
- 1 month ago
3 Small-Cap Stocks Ready to Deliver Significant Growth
Small-cap stocks faced a challenging environment for the last several years as inflation and high interest rates dampened lending opportunities. These companies—which are often in the early stages of development and lack stability—rely heavily on debt to fuel their growth.
marketbeat.com
- 1 month ago
Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) today announced that it will release its third quarter 2024 results on Monday, November 4, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, November 5, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are.
businesswire.com
- 1 month ago
Franklin BSP Realty Trust, Inc. Announces Closing of a $1.024 Billion CRE CLO
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) today announced the closing of BSPRT 2024-FL11 (“FL11”), a $1.024 billion managed Commercial Real Estate Collateralized Loan Obligation. FL11 features a 36-month reinvestment period and includes a $100 million, all multifamily 180-day ramp-up acquisition period. The transaction has an initial advance rate of 86.5% and a weighted average interest rate of 1M CME Term SOFR+1.99% before accounting for discount and transaction c.
businesswire.com
- 1 month ago
5 Shares Yielding 8% To 11%
We've got 5 shares in here plus a bonus. It's like 6, but easier to click. Some of these deals look better than others. Ex-dividend dates are coming up pretty soon for a few of them.
seekingalpha.com
- 1 month ago
Franklin BSP Realty Trust May Be Close To Overvaluation
Franklin BSP Realty Trust's profitability is better represented by core profitability than GAAP net income, with recent market valuation becoming more optimistic. Returns on invested capital have declined, but management has historically created value despite economic losses in 2022. Free cash flow generation has been poor, but the firm is currently undervalued, with a margin of safety for investors to consider investing.
seekingalpha.com
- 2 months ago
Want $13,500? Check Out These High Dividend REIT Stocks
24/7 Wall Street Insights Real estate is a tried and true asset class for passive income wealth building, but the high entry price can eliminate those with limited liquid investment capital.
247wallst.com
- 2 months ago
10% Or Higher Dividend Yields
BDCs, mortgage REITs, preferred shares, and one baby bond. Most are yielding over 10%. I hope you're ready for the weekend. We're going to do quick coverage on each share. Some of these preferred share and baby bond combinations appear to be slightly mispriced.
seekingalpha.com
- 3 months ago
8. Profile Summary
Franklin BSP Realty Trust, Inc. FBRT
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 1.05 B
Dividend Yield
3.39%
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.
Contact
1345 Avenue of the Americas, New York, NY, 10105
https://www.fbrtreit.com
IPO Date
Oct. 19, 2021
Employees
None
Officers
Mr. Matthew S. Jacobs
MD & Chief Credit Officer
Mr. Jerome S. Baglien
Chief Financial Officer, Chief Operating Officer & Treasurer
Mr. Brian Nowakowski
Managing Director
Mr. Allan Chorny J.D.
Managing Director
Mr. Richard Jan Byrne
Chairman & Chief Executive Officer
Mr. Micah Goodman J.D.
General Counsel & Corporate Secretary
Ms. Lindsey Crabbe
Director of Investor Relations
Mr. Peter W. Touhill
Managing Director
Mr. David Elgart
Managing Director
Mr. Michael Comparato
President