FBRT
Franklin BSP Realty Trust, Inc.
NYSEUSDEQUITY
Real Estate
DELAYED
Last price
8.33
▲ 0.26 (3.22%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
8.07
Prev close
8.07
Day high
8.41
Day low
8.13
Volume
2.46M
Market cap
$696.75M
P/E (TTM)
19.51
52W range
7.35 – 11.84
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.28M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 15, 26 | ORTALE BUFORD H Director |
BUY | 25.90K | $218.60K | Indirect |
| Jun 8, 26 | ORTALE BUFORD H Director |
STOCK | 12.84K | $0 | Direct |
| Jun 8, 26 | TUPPENY ELIZABETH K Director |
STOCK | 12.84K | $0 | Direct |
| Jun 8, 26 | AUGUSTINE PATSY JOSEPH Director |
STOCK | 12.84K | $0 | Direct |
| Jun 8, 26 | MCDONOUGH PETER J. Director |
STOCK | 12.84K | $0 | Direct |
| Jun 8, 26 | DUMARS JOE Director |
STOCK | 12.84K | $0 | Direct |
| Mar 3, 26 | BUFFONE BRIAN President |
BUY | 27.00K | $254.13K | Direct |
| Feb 18, 26 | ORTALE BUFORD H Director |
BUY | 4.00K | $35.29K | Direct |
| Jan 27, 26 | BYRNE RICHARD J Chief Executive Officer |
STOCK | 66.84K | $0 | Direct |
| Jan 27, 26 | BAGLIEN JEROME S Chief Operating Officer |
STOCK | 100.26K | $0 | Direct |
| Jan 27, 26 | COMPARATO MICHAEL President |
STOCK | 66.84K | $0 | Direct |
| Nov 21, 25 | MCDONOUGH PETER J. Director |
SELL | 1.50K | $15.00K | Direct |
| May 28, 25 | ORTALE BUFORD H Director |
STOCK | 10.04K | $0 | Direct |
| May 28, 25 | TUPPENY ELIZABETH K Director |
STOCK | 10.04K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
AUGUSTINE PATSY JOSEPH |
Director | 49.06K | Stock Award(Grant) |
BAGLIEN JEROME S |
Chief Operating Officer | 310.01K | Stock Award(Grant) |
BUFFONE BRIAN |
President | 243.08K | Purchase |
BYRNE RICHARD J |
Chief Executive Officer | 476.73K | Stock Award(Grant) |
COMPARATO MICHAEL |
President | 509.87K | Stock Award(Grant) |
DUMARS JOE |
Director | 39.44K | Stock Award(Grant) |
HANDWERKER JAMIE O. |
Director | 47.44K | Stock Award(Grant) |
MCDONOUGH PETER J. |
Director | 58.76K | Stock Award(Grant) |
ORTALE BUFORD H |
Director | — | Purchase |
TUPPENY ELIZABETH K |
Director | 62.74K | Stock Award(Grant) |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.71
Call-heavy session
Put / call open interest
0.00
Positioning, not flow
Max pain
8.00
-4.6% from spot
ATM implied vol
59.0%
Nearest strike to spot
Skew (10% OTM)
+29.7%
Puts bid over calls
Call volume
45
Contracts, this expiry
Put volume
32
Contracts, this expiry
Heaviest call OI
9.00
11.25K contracts
Heaviest put OI
8.00
48 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
+3.97%
+5.3%
1M
+10.25%
+6.5%
3M
-3.89%
-7.0%
6M
-8.00%
-19.1%
YTD
-16.35%
-28.6%
1Y
-25.09%
-45.1%
3Y
-36.96%
-111.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$696.75M
Enterprise value$5.17B
Revenue (TTM)$292.61M
Gross profit$291.54M
EBITDA—
Net income$35.56M
EPS (TTM)$0.43
Free cash flow—
Total cash$153.38M
Total debt$4.19B
Book value / share$14.77
Shares outstanding83.05M
Float81.68M
Short % of float8.36%
Dividend yield13.23%
Beta (5Y)1.10
Short interest
Shares short
5.76M
Prior 5.30M
Change vs prior
+8.7%
Shorts adding
% of float
8.36%
Normal
% of shares out
6.94%
Against total outstanding
Days to cover
4.9
Liquid
Float
81.68M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E19.51
Forward P/E7.17
PEG ratio—
Price / sales—
Price / book0.57
EV / revenue17.66
EV / EBITDA—
Gross margin99.64%
Operating margin8.55%
Profit margin21.38%
Return on equity4.12%
Return on assets1.07%
Debt / equity270.29
Current ratio1.40
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $501.00M | $548.92M | $569.53M | $367.36M | -8.7% |
| Operating revenue | $501.00M | $548.92M | $569.53M | $367.36M | -8.7% |
| Cost of revenue | $288.33M | $338.47M | $305.58M | $160.53M | -14.8% |
| Gross profit | $212.67M | $210.45M | $263.95M | $206.83M | +1.1% |
| Selling, general & admin | $129.91M | $58.35M | $68.32M | $64.17M | +122.6% |
| Total operating expense | $127.65M | $99.67M | $109.18M | $105.69M | +28.1% |
| Operating income | $85.02M | $110.78M | $154.77M | $101.14M | -23.3% |
| Pre-tax income | $87.97M | $93.52M | $141.75M | $13.82M | -5.9% |
| Tax provision | $3.88M | $1.12M | -$2.76M | -$399.00K | +246.8% |
| Net income | $82.27M | $95.88M | $145.22M | $14.43M | -14.2% |
| Net income to common | $55.28M | $68.89M | $118.22M | -$27.31M | -19.8% |
| Basic EPS | 0.65 | 0.82 | 1.42 | -0.38 | -20.7% |
| Diluted EPS | 0.64 | 0.82 | 1.42 | -0.38 | -22.0% |
| EBIT | $85.02M | $110.78M | $154.77M | $101.14M | -23.3% |
| EBITDA | $94.61M | $116.41M | $163.18M | $106.55M | -18.7% |
| Basic shares | 81.97M | 81.85M | 82.31M | 71.63M | +0.1% |
| Diluted shares | 86.19M | 81.85M | 82.31M | 71.63M | +5.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $167.29M | $184.44M | $337.60M | $179.31M | -9.3% |
| Cash & short-term investments | $167.29M | $184.44M | $337.60M | $415.04M | -9.3% |
| Total current assets | $5.04B | $5.39B | $5.43B | $5.75B | -6.6% |
| Goodwill & intangibles | $419.82M | $39.83M | $42.79M | $54.83M | +953.9% |
| Total assets | $6.06B | $6.00B | $5.96B | $6.20B | +0.9% |
| Total current liabilities | $273.36M | $303.88M | $270.52M | $522.14M | -10.0% |
| Current debt | $187.37M | $236.61M | $174.06M | $440.01M | -20.8% |
| Long-term debt | $4.06B | $4.08B | $4.01B | $4.00B | -0.3% |
| Total debt | $4.25B | $4.31B | $4.18B | $4.45B | -1.5% |
| Total liabilities | $4.53B | $4.48B | $4.37B | $4.63B | +1.0% |
| Retained earnings | -$411.10M | -$348.07M | -$298.94M | -$299.23M | -18.1% |
| Shareholder equity | $1.44B | $1.51B | $1.56B | $1.56B | -4.7% |
| Working capital | $4.77B | $5.09B | $5.16B | $5.23B | -6.3% |
| Net tangible assets | $1.02B | $1.47B | $1.52B | $1.51B | -30.6% |
| Shares issued | 81.55M | 83.07M | 82.75M | 82.99M | -1.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $84.08M | $92.40M | $144.51M | $14.21M | -9.0% |
| Depreciation & amortisation | $9.59M | $5.63M | $8.41M | $5.33M | +70.4% |
| Stock-based compensation | $9.12M | $8.17M | $4.76M | $2.52M | +11.6% |
| Change in working capital | $10.89M | $2.63M | $1.51M | $6.86M | +313.2% |
| Operating cash flow | $291.94M | $57.23M | $197.39M | $152.51M | +410.1% |
| Capital expenditure | -$360.00K | — | — | — | — |
| Investing cash flow | $380.81M | -$155.47M | $380.81M | $3.10B | +344.9% |
| Share buybacks | -$14.37M | -$4.87M | -$12.51M | -$16.58M | -195.2% |
| Dividends paid | -$145.58M | -$144.91M | -$144.35M | -$139.41M | -0.5% |
| Financing cash flow | -$684.43M | -$48.58M | -$424.99M | -$3.23B | -1,308.8% |
| Free cash flow | $291.58M | $57.23M | $197.39M | $152.51M | +409.5% |
| End cash position | $185.18M | $196.86M | $343.69M | $190.49M | -5.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $116.30M | $116.42M | $124.05M | $136.74M | $119.51M | — | -0.1% |
| Operating revenue | $116.30M | $116.42M | $124.05M | $136.74M | $119.51M | — | -0.1% |
| Cost of revenue | $67.26M | $65.23M | $71.03M | $76.49M | $70.21M | — | +3.1% |
| Gross profit | $49.04M | $51.19M | $53.02M | $60.25M | $49.29M | — | -4.2% |
| Selling, general & admin | $38.66M | $42.90M | $39.20M | $55.54M | $16.43M | — | -9.9% |
| Total operating expense | $47.88M | $57.71M | $34.71M | $58.41M | $16.33M | — | -17.0% |
| Operating income | $1.16M | -$6.52M | $18.31M | $1.84M | $32.97M | — | +117.8% |
| Pre-tax income | $13.38M | $13.22M | $24.65M | $14.72M | $24.25M | — | +1.2% |
| Tax provision | -$2.90M | $929.00K | $6.27M | -$2.90M | -$138.00K | — | -411.6% |
| Net income | $15.57M | $11.98M | $17.70M | $17.31M | $23.20M | — | +30.0% |
| Net income to common | $9.33M | $5.74M | $12.51M | $10.05M | $15.93M | — | +62.5% |
| Basic EPS | 0.12 | 0.07 | — | 0.12 | 0.19 | 0.20 | +71.4% |
| Diluted EPS | 0.12 | 0.07 | — | 0.12 | 0.19 | 0.20 | +71.4% |
| EBIT | $1.16M | -$6.52M | $18.31M | $1.84M | $32.97M | — | +117.8% |
| EBITDA | $3.14M | -$3.10M | $21.71M | $5.28M | $34.35M | — | +201.4% |
| Basic shares | 76.37M | 79.93M | — | 82.21M | 82.18M | 82.05M | -4.5% |
| Diluted shares | 84.75M | 79.93M | — | 90.60M | 82.18M | 82.05M | +6.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $136.35M | $115.60M | $167.29M | $116.65M | $414.08M | +17.9% |
| Cash & short-term investments | $136.35M | $115.60M | $167.29M | $116.65M | $414.08M | +17.9% |
| Total current assets | $5.34B | $5.24B | $5.04B | $5.25B | $5.13B | +2.1% |
| Goodwill & intangibles | $409.46M | $416.95M | $419.82M | $417.39M | $38.39M | -1.8% |
| Total assets | $6.38B | $6.30B | $6.06B | $6.22B | $5.63B | +1.3% |
| Total current liabilities | $262.23M | $283.59M | $273.36M | $224.73M | $205.99M | -7.5% |
| Current debt | $196.54M | $212.17M | $187.37M | $131.66M | $128.89M | -7.4% |
| Long-term debt | $4.49B | $4.37B | $4.06B | $4.23B | $3.84B | +2.7% |
| Total debt | $4.68B | $4.58B | $4.25B | $4.36B | $3.97B | +2.3% |
| Total liabilities | $4.92B | $4.82B | $4.53B | $4.65B | $4.13B | +2.1% |
| Retained earnings | -$426.44M | -$420.74M | -$411.10M | -$392.84M | -$373.71M | -1.4% |
| Shareholder equity | $1.37B | $1.39B | $1.44B | $1.47B | $1.49B | -1.4% |
| Working capital | $5.08B | $4.95B | $4.77B | $5.03B | $4.92B | +2.6% |
| Net tangible assets | $963.16M | $974.52M | $1.02B | $1.05B | $1.45B | -1.2% |
| Shares issued | 75.44M | 77.21M | 81.55M | 82.93M | 82.93M | -2.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $16.27M | $12.29M | $18.38M | $17.62M | $24.38M | +32.4% |
| Depreciation & amortisation | $1.98M | $3.42M | $3.40M | $3.43M | $1.38M | -42.0% |
| Stock-based compensation | $2.46M | $2.40M | $2.32M | $2.24M | $2.32M | +2.2% |
| Change in working capital | -$2.64M | -$5.70M | -$16.59M | $18.54M | $2.38M | +53.7% |
| Operating cash flow | $48.27M | -$54.01M | $312.01M | -$148.13M | $11.82M | +189.4% |
| Capital expenditure | — | -$120.00K | -$180.00K | — | — | — |
| Investing cash flow | $257.77M | -$246.11M | -$92.90M | -$52.11M | $238.87M | +204.7% |
| Share buybacks | -$16.00M | -$39.82M | -$14.37M | $0 | $0 | +59.8% |
| Dividends paid | -$21.62M | -$35.96M | -$36.44M | -$36.46M | -$36.44M | +39.9% |
| Financing cash flow | -$287.48M | $251.39M | -$177.79M | -$78.68M | -$52.01M | -214.4% |
| Free cash flow | $48.27M | -$54.13M | $311.83M | -$148.31M | $11.82M | +189.2% |
| End cash position | $155.01M | $136.44M | $185.18M | $143.86M | $422.78M | +13.6% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.24 | 0.25 | +5.9% |
| Mar 2026 | 0.23 | 0.09 | -60.5% |
| Dec 2025 | 0.27 | 0.12 | -56.0% |
| Sep 2025 | 0.30 | 0.22 | -25.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.25 | 4 | $79.09M | -11.7% |
| Next quarter | 0.26 | 4 | $73.03M | -4.1% |
| Current year | 0.85 | 4 | $291.81M | +8.1% |
| Next year | 1.17 | 4 | $308.74M | +5.8% |
Analyst targets & ownership
Mean target$12.75
High target$16.00
Low target$10.00
Implied upside53.06%
Analyst count4
ConsensusBUY
Strong buy / Buy1 / 3
Hold1
Sell / Strong sell0 / 0
Held by insiders1.54%
Held by institutions60.55%
Institutions holding313
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 19, 24 | Raymond James | MAINTAINED | Strong Buy | Strong Buy |
| Jun 27, 24 | JMP Securities | MAINTAINED | Market Outperform | Market Outperform |
| Apr 17, 24 | BTIG | MAINTAINED | Buy | Buy |
| Apr 12, 24 | Raymond James | UPGRADE | Outperform | Strong Buy |
| Feb 16, 24 | JonesTrading | MAINTAINED | Buy | Buy |
| Jan 10, 24 | JMP Securities | UPGRADE | Market Perform | Market Outperform |
| Aug 11, 23 | Raymond James | MAINTAINED | Outperform | Outperform |
| Aug 2, 23 | JonesTrading | MAINTAINED | Buy | Buy |
| Jun 2, 23 | JonesTrading | MAINTAINED | Buy | Buy |
| May 23, 23 | Raymond James | MAINTAINED | Outperform | Outperform |
| Apr 25, 23 | BTIG | INITIATED | — | Buy |
| Apr 6, 23 | JonesTrading | MAINTAINED | — | Buy |
Moving averages & technicals
SMA 10
8.06
+3.32% from price
SMA 20
7.88
+6.47% from price
SMA 50
8.01
+4.75% from price
SMA 100
8.40
-0.85% from price
SMA 200
9.12
-8.01% from price
EMA 12
8.04
+3.57% from price
EMA 26
7.98
+4.32% from price
EMA 50
8.08
+3.09% from price
RSI (14)
63.6
Neutral
MACD (12,26,9)
0.06
Hist 0.06
ATR (14)
0.22
2.66% of price
Realised vol 30D
29.6%
Annualised
Bollinger upper
8.32
20, 2σ
Bollinger lower
7.44
20, 2σ
50 / 200 cross
Death
8.01 vs 9.12
Trend bias
Below 200
-8.01%
Risk profile
Beta vs SPY
0.63
Less volatile than market
Correlation to SPY
0.29
Largely independent
Realised vol 30D
29.6%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-35.5%
Peak to trough
Max drawdown 5Y
-56.0%
Peak to trough
ATR 14
0.22
2.66% of price
Beta (reported)
1.10
5Y monthly, from filing
Dividends & splits
Forward rate$1.11 / yr
Forward yield13.23%
5-year avg yield—
Payout ratio258.14%
Ex-dividend dateJun 30, 2026
Next pay dateJul 10, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-07-29
Corporate Changes & Voting Matters
8-K · 2026-06-09
Periodic Financial Reports
10-Q · 2026-04-29
Corporate Changes & Voting Matters
8-K · 2026-04-20
Annual Report to Shareholders
ARS · 2026-04-17
Periodic Financial Reports
10-K · 2026-02-25
Corporate Changes & Voting Matters
8-K · 2026-02-11
Corporate Changes & Voting Matters
8-K · 2026-02-10
Headlines
3 Reasons FBRT is Risky and 1 Stock to Buy Instead
StockStory · 4d ago
3 Russell 2000 Stocks We Find Risky
StockStory · 5d ago
Franklin BSP Realty Trust (FBRT) Q2 2026 Earnings Call Transcript
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StockStory · 19d ago
Franklin BSP Realty Trust Q2 Earnings Call Highlights
MarketBeat · 23d ago
Franklin BSP Realty Trust Inc (FBRT) (Q2 2026) Earnings Call Highlights: Dividend Coverage ...
GuruFocus.com · 23d ago
Franklin BSP Realty Trust, Inc. Q2 2026 Earnings Call Summary
Moby · 23d ago
Franklin BSP (FBRT) Surpasses Q2 Earnings Estimates
Zacks · 24d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.