Franklin Bsp Realty Trust, Inc. (FBRT) intrinsic value & 10-year financials
Franklin Bsp Realty Trust, Inc. (FBRT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 6.9% a year to $29.6M, with an average return on invested capital of 6.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $6.21
- Market cap
- $535.3M
- Revenue (FY2025)
- $29.6M
- Revenue growth (10-yr CAGR)
- -6.9%
- ROIC (10-yr avg)
- 6.0%
- Free cash flow (FY2025)
- —
FBRT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $29.6M | $82.3M | $0.64 | — | — | 5.6% |
| FY2024 | $22.8M | $95.9M | $0.82 | — | — | 6.2% |
| FY2023 | $17.0M | $145.2M | $1.42 | — | — | 9.3% |
| FY2022 | $9.7M | $14.4M | -$0.38 | — | — | 0.9% |
| FY2021 | $4.8M | $25.7M | -$0.18 | — | — | 2.1% |
| FY2020 | $4.3M | $54.7M | $0.90 | — | — | 6.8% |
| FY2019 | $3.2M | $83.9M | $1.60 | — | — | 10.8% |
| FY2018 | $82.3M | $52.8M | $1.44 | — | — | 7.9% |
| FY2017 | $57.2M | $33.8M | $1.06 | — | — | 5.4% |
| FY2016 | $56.2M | $30.0M | $0.95 | — | — | 4.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Franklin BSP Realty Trust, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Franklin BSP Realty Trust, Inc. has historically struggled to out-earn its cost of capital, averaging just 6.0% ROIC.
Franklin BSP Realty Trust, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Franklin BSP Realty Trust, Inc. is modeled at -4.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.04 per share.