FBRT - Franklin BSP Realty Trust, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$15.33
DETAILS
HIGH:
$16.00
LOW:
$15.00
MEDIAN:
$15.00
CONSENSUS:
$15.33
UPSIDE:
80.99%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 0 | 548.9 | 569.5 | 367.4 | 221.6 | 184.2 | 198.5 | 152.3 | 89.6 | 79.4 | 59.4 | 12.7 | 0.7 | 0 |
| Cost of Revenue | 0 | 338.5 | 305.6 | 165.7 | 60.8 | 70.2 | 93.2 | 70 | 32.4 | 23.2 | 12.3 | 4.4 | 0 | 0 |
| Gross Profit | 0 | 210.5 | 263.9 | 201.7 | 160.8 | 114.0 | 105.2 | 82.3 | 57.2 | 56.2 | 47.1 | 8.3 | 0.7 | 0 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 129.9 | 58.3 | 68.3 | 64.2 | 47.4 | 39.3 | 44.2 | 32.1 | 21.5 | 19.3 | 12.6 | 1.7 | 0.1 | 0.1 |
| Other Expenses | (217.9) | (8.2) | 40.9 | 41.5 | (3.1) | 15.5 | 3.5 | (4.9) | (3.8) | (2.3) | (1.3) | 0 | 0 | 0 |
| Operating Expenses | (88.0) | 50.2 | 109.2 | 105.7 | 44.3 | 54.8 | 47.7 | 35.4 | 20.8 | 20.6 | 12.9 | 2.7 | 0.6 | 0.1 |
| Operating Income | ||||||||||||||
| Operating Income | 88.0 | 115.4 | 154.8 | 52.3 | 165.0 | 59.2 | 22.9 | 46.9 | 36.4 | 35.6 | 34.2 | 5.5 | 0.1 | (0.1) |
| Interest Expense | 0 | 338.5 | 305.6 | 165.7 | 60.8 | 66.6 | 90.4 | 70 | 32.4 | 23.2 | 12.3 | 2.2 | 32.3 | 0 |
| Interest Income | 0 | 526.1 | 552.5 | 357.7 | 216.9 | 179.9 | 195.3 | 152.3 | 89.6 | 79.4 | 59.4 | 15.5 | 775.1 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 94.6 | 437.6 | 163.2 | 106.5 | 167.1 | 61.4 | 58.0 | 46.9 | 36.4 | 35.6 | 34.2 | 2.3 | 0.0 | 0 |
| EBIT | 85.0 | 432.0 | 154.8 | 101.1 | 121.1 | 59.2 | 57.5 | 46.9 | 36.4 | 35.6 | 34.2 | 7.8 | 0.1 | 0 |
| Income Before Tax | 88.0 | 93.5 | 141.8 | 13.8 | 29.3 | 52.7 | 88.4 | 52.9 | 34.0 | 30.0 | 24.9 | 5.6 | 0.1 | (0.1) |
| Income Tax Expense | 3.9 | 1.1 | (2.8) | (0.4) | 3.6 | (2.1) | 4.5 | 0.1 | 0.2 | 0 | 0 | 0.2 | 101.7 | 0 |
| Net Income | 82.3 | 68.9 | 145.2 | 14.4 | 25.7 | 54.7 | 83.9 | 52.8 | 33.8 | 30.0 | 24.9 | 5.4 | 0.1 | (0.1) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 0.65 | 0.82 | 1.42 | -0.38 | -0.18 | 0.90 | 1.50 | 1.11 | 0.76 | 0.67 | 0.56 | 0.75 | 0.19 | – |
| EPS (Diluted) | 0.64 | 0.82 | 1.42 | -0.38 | -0.18 | 0.90 | 1.50 | 1.11 | 0.76 | 0.67 | 0.56 | 0.75 | 0.19 | – |
| Shares Outstanding | 82.0 | 81.8 | 82.3 | 71.6 | 86.8 | 88.8 | 89.0 | 89.0 | 89.0 | 89.0 | 89.0 | 14.5 | 1.1 | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 167.3 | 184.4 | 337.6 | 179.3 | 154.9 | 82.1 | 87.2 | 191.4 | 83.7 | 118.0 |
| Short-Term Investments | 0 | 0 | 0 | 235.7 | 4,566.9 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 4,853.9 | 5,195.7 | 5,087.4 | 5,321.1 | 4,528.2 | 2,875.3 | 2,980.5 | 2,370.2 | 1,487.8 | 1,074.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.8) | (0.1) | 0 |
| Other Current Assets | 17.9 | 12.4 | 6.1 | 11.2 | 56.4 | 1.5 | 16.6 | 0 | 4.0 | 3.1 |
| Total Current Assets | 5,039.0 | 5,392.6 | 5,431.1 | 5,747.3 | 9,320.1 | 2,967.5 | 3,089.6 | 2,578.8 | 1,583.5 | 1,199.1 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 6.0 | 0 | 0 | 0 |
| Goodwill | 92.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 327.8 | 39.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 243.8 | 216.4 | 242.6 | 221.0 | 0 | 171.1 | 386.3 | 26.4 | 0 | 49.0 |
| Other Non-Current Assets | 354.6 | 353.6 | 238.7 | 180.5 | 106.2 | 37.6 | 44.3 | (2,605.2) | (1,583.5) | (1,248.1) |
| Total Non-Current Assets | 1,018.2 | 609.8 | 524.1 | 456.3 | 154.6 | 222.3 | 451.0 | 27.3 | 0.1 | 49.0 |
| Total Assets | 6,057.2 | 6,002.4 | 5,955.2 | 6,203.6 | 9,474.7 | 3,189.8 | 3,540.6 | 2,606.1 | 1,583.7 | 1,248.1 |
| Current Liabilities | ||||||||||
| Account Payables | 18.9 | 14.4 | 13.3 | 17.7 | 12.7 | 5.1 | 10.9 | 4.5 | 4.5 | 1.2 |
| Short-Term Debt | 187.4 | 236.6 | 174.1 | 440.0 | 4,178.8 | 186.8 | 394.4 | 44.5 | 39.0 | 66.6 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 1.3 | 12.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 273.4 | 315.5 | 270.5 | 522.1 | 4,242.1 | 219.3 | 421.9 | 61.1 | 55.4 | 78.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 4,062.9 | 4,076.3 | 4,008.7 | 4,001.8 | 3,392.3 | 1,962.4 | 2,084.9 | 1,515.2 | 851.8 | 278.4 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1,727.1) | (973.3) | (485.1) |
| Other Non-Current Liabilities | 189.5 | 90.5 | 89.7 | 94.8 | 128.9 | 209.7 | 210.7 | 296.5 | (784.1) | (278.4) |
| Total Non-Current Liabilities | 4,252.4 | 4,166.8 | 4,098.4 | 4,103.1 | 3,521.2 | 2,172.0 | 2,301.9 | 1,811.7 | 917.9 | 536.1 |
| Total Liabilities | 4,525.8 | 4,482.3 | 4,369.0 | 4,625.2 | 7,763.3 | 2,391.3 | 2,723.8 | 1,872.8 | 973.3 | 614.5 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.8 | 0.8 | 0.8 | 0.8 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 |
| Retained Earnings | (411.1) | (348.1) | (298.9) | (299.2) | (167.2) | (106.5) | (86.0) | (94.3) | (94.1) | (70.7) |
| Accumulated Other Comprehensive Income | (0.3) | 0.1 | (0.7) | 0.4 | (0.1) | (8.3) | (1.0) | (0.5) | 610.3 | (0.5) |
| Total Stockholders' Equity | 1,441.5 | 1,512.6 | 1,559.1 | 1,563.0 | 1,705.6 | 798.4 | 816.8 | 733.2 | 610.3 | 633.6 |
| Total Liabilities & Equity | 6,057.2 | 6,002.4 | 5,955.2 | 6,203.6 | 9,474.7 | 3,189.8 | 3,540.6 | 2,606.1 | 1,583.7 | 1,248.1 |
| Debt Metrics | ||||||||||
| Total Debt | 4,250.3 | 4,312.9 | 4,182.8 | 4,448.3 | 7,571.1 | 2,149.2 | 2,485.4 | 1,709.2 | 956.6 | 602.8 |
| Net Debt | 4,083.0 | 4,128.5 | 3,845.2 | 4,269.0 | 7,416.1 | 2,067.1 | 2,398.1 | 1,517.8 | 872.9 | 484.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 82.3 | 92.4 | 145.2 | 14.2 | 25.7 | 54.7 | 83.9 | 52.8 | 33.8 | 30.0 |
| Depreciation & Amortization | 0 | 5.6 | 7.1 | 5.3 | 2.1 | 2.2 | 3.4 | 8.1 | 2.1 | 1.7 |
| Stock-Based Compensation | 9.1 | 8.2 | 4.8 | 2.5 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.0 |
| Change in Working Capital | 10.9 | 2.6 | (2.3) | 5.5 | 102.6 | (2.9) | 5.1 | (8.9) | (1.3) | 1.1 |
| Other Non-Cash Items | 189.7 | (51.6) | 42.6 | 125.0 | 2.8 | 41.8 | (43.8) | (41.8) | (23.5) | 0.4 |
| Operating Cash Flow | 291.9 | 57.2 | 197.4 | 152.5 | 146.5 | 115.3 | 45.4 | 7.1 | 8.4 | 35.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (0.4) | 0 | 0 | (0.7) | 2,881.4 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 174.1 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (79.5) | (223.8) | (221.8) | (2,881.4) | (149.4) | (368.6) | (40.3) | (0.6) | 1,208.2 |
| Sales/Maturities of Investments | 0 | 154.5 | 0 | 3,731.7 | 2,060.7 | 346.2 | 9.4 | 12.5 | 49.9 | 81.3 |
| Other Investing Activities | 380.8 | (230.5) | 604.6 | (412.0) | (1,166.0) | 43.9 | (610.0) | (828.0) | (382.1) | (1,150.1) |
| Investing Cash Flow | 380.8 | (155.5) | 380.8 | 3,097.3 | 1,068.7 | 240.7 | (969.2) | (855.8) | (332.8) | 139.4 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (514.8) | 118.8 | (265.1) | (3,136.1) | (1,065.3) | (323.7) | 764.3 | 743.8 | 364.4 | (13.1) |
| Stock Repurchased | (14.4) | (4.9) | (12.5) | (16.6) | (11.4) | (10.3) | (13.8) | (15.1) | (20.5) | (19.0) |
| Dividends Paid | (145.6) | (144.9) | (144.3) | (139.4) | (68.0) | (49.8) | (60.6) | (37.0) | (38.8) | (40.3) |
| Other Financing Activities | (9.7) | (17.6) | (3.1) | 64.6 | (9.5) | 0 | 0 | 0 | (12.0) | 0.8 |
| Financing Cash Flow | (684.4) | (48.6) | (425.0) | (3,227.5) | (1,139.2) | (373.0) | 828.6 | 961.4 | 290.1 | (71.5) |
| Cash Position | ||||||||||
| Net Change in Cash | (11.7) | (146.8) | 153.2 | 22.3 | 76.1 | (17.0) | (95.3) | 112.7 | (34.3) | 102.9 |
| Cash at Beginning | 196.9 | 343.7 | 190.5 | 168.2 | 92.1 | 109.1 | 204.4 | 91.7 | 118.0 | 20.2 |
| Cash at End | 185.2 | 196.9 | 343.7 | 190.5 | 168.2 | 92.1 | 109.1 | 204.4 | 83.7 | 123.1 |
| Free Cash Flow | 291.9 | 57.2 | 197.4 | 151.9 | 3,027.9 | 115.3 | 45.4 | 7.1 | 8.4 | 35.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 0 | 548.9 | 569.5 | 367.4 | 221.6 | 184.2 | 198.5 | 152.3 | 89.6 | 79.4 | 59.4 | 12.7 | 0.7 | 0 |
| Gross Profit | 0 | 210.5 | 263.9 | 201.7 | 160.8 | 114.0 | 105.2 | 82.3 | 57.2 | 56.2 | 47.1 | 8.3 | 0.7 | 0 |
| Operating Income | 88.0 | 115.4 | 154.8 | 52.3 | 165.0 | 59.2 | 22.9 | 46.9 | 36.4 | 35.6 | 34.2 | 5.5 | 0.1 | (0.1) |
| Net Income | 82.3 | 68.9 | 145.2 | 14.4 | 25.7 | 54.7 | 83.9 | 52.8 | 33.8 | 30.0 | 24.9 | 5.4 | 0.1 | (0.1) |
| EPS (Diluted) | 0.64 | 0.82 | 1.42 | -0.38 | -0.18 | 0.90 | 1.50 | 1.11 | 0.76 | 0.67 | 0.56 | 0.75 | 0.19 | – |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 167.3 | 184.4 | 337.6 | 179.3 | 154.9 | 82.1 | 87.2 | 191.4 | 83.7 | 118.0 | ||||
| Total Assets | 6,057.2 | 6,002.4 | 5,955.2 | 6,203.6 | 9,474.7 | 3,189.8 | 3,540.6 | 2,606.1 | 1,583.7 | 1,248.1 | ||||
| Total Debt | 4,250.3 | 4,312.9 | 4,182.8 | 4,448.3 | 7,571.1 | 2,149.2 | 2,485.4 | 1,709.2 | 956.6 | 602.8 | ||||
| Stockholders' Equity | 1,441.5 | 1,512.6 | 1,559.1 | 1,563.0 | 1,705.6 | 798.4 | 816.8 | 733.2 | 610.3 | 633.6 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 291.9 | 57.2 | 197.4 | 152.5 | 146.5 | 115.3 | 45.4 | 7.1 | 8.4 | 35.0 | ||||
| Capital Expenditure | (0.4) | 0 | 0 | (0.7) | 2,881.4 | 0 | 0 | 0 | 0 | 0 | ||||
| Free Cash Flow | 291.9 | 57.2 | 197.4 | 151.9 | 3,027.9 | 115.3 | 45.4 | 7.1 | 8.4 | 35.0 | ||||