Franklin BSP Realty Trust Inc (FBRT) - Net Assets
Based on the latest financial reports, Franklin BSP Realty Trust Inc (FBRT) has net assets worth $1.48 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.30 Billion) and total liabilities ($4.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore FBRT asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.48 Billion |
| % of Total Assets | 23.49% |
| Annual Growth Rate | 39.96% |
| 5-Year Change | -10.51% |
| 10-Year Change | 141.69% |
| Growth Volatility | 306.42 |
Franklin BSP Realty Trust Inc - Net Assets Trend (2013–2025)
This chart illustrates how Franklin BSP Realty Trust Inc's net assets have evolved over time, based on quarterly financial data. Check FBRT intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Franklin BSP Realty Trust Inc (2013–2025)
The table below shows the annual net assets of Franklin BSP Realty Trust Inc from 2013 to 2025. For live valuation and market cap data, see FBRT market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.53 Billion | +0.75% |
| 2024-12-31 | $1.52 Billion | -4.17% |
| 2023-12-31 | $1.59 Billion | +0.50% |
| 2022-12-31 | $1.58 Billion | -7.77% |
| 2021-12-31 | $1.71 Billion | +114.34% |
| 2020-12-31 | $798.44 Million | -2.25% |
| 2019-12-31 | $816.80 Million | +11.40% |
| 2018-12-31 | $733.23 Million | +20.13% |
| 2017-12-31 | $610.34 Million | -3.68% |
| 2016-12-31 | $633.65 Million | -3.16% |
| 2015-12-31 | $654.33 Million | +97.98% |
| 2014-12-31 | $330.51 Million | +1119.76% |
| 2013-12-31 | $27.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Franklin BSP Realty Trust Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 41108547500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $808.00K | 0.06% |
| Other Comprehensive Income | $-284.00K | -0.02% |
| Other Components | $1.85 Billion | 128.48% |
| Total Equity | $1.44 Billion | 100.00% |
Franklin BSP Realty Trust Inc Competitors by Market Cap
The table below lists competitors of Franklin BSP Realty Trust Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lotte Chilsung Beverage
KO:005300
|
$607.44 Million |
|
Hangzhou AGS MedTech Co. Ltd. A
SHG:688581
|
$607.54 Million |
|
Alpargatas S.A
SA:ALPA3
|
$607.56 Million |
|
Granite Ridge Resources Inc
NYSE:GRNT
|
$607.69 Million |
|
Interfor Corp
TO:IFP
|
$607.05 Million |
|
Beijing Navigation Control Technology Co. Ltd.
SHG:688282
|
$606.90 Million |
|
Mako Mining Corp Common Stock
NASDAQ:MAKO
|
$606.82 Million |
|
Sporton International
TWO:6146
|
$606.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Franklin BSP Realty Trust Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,512,562,000 to 1,441,530,000, a change of -71,032,000 (-4.7%).
- Net income of 82,271,000 contributed positively to equity growth.
- Dividend payments of 145,577,000 reduced retained earnings.
- Share repurchases of 14,367,000 reduced equity.
- Other comprehensive income decreased equity by 363,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $82.27 Million | +5.71% |
| Dividends Paid | $145.58 Million | -10.1% |
| Share Repurchases | $14.37 Million | -1.0% |
| Other Comprehensive Income | $-363.00K | -0.03% |
| Other Changes | $7.00 Million | +0.49% |
| Total Change | $- | -4.70% |
Book Value vs Market Value Analysis
This analysis compares Franklin BSP Realty Trust Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.47x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.32x to 0.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $24.54 | $7.89 | x |
| 2014-12-31 | $22.85 | $7.89 | x |
| 2015-12-31 | $7.35 | $7.89 | x |
| 2016-12-31 | $7.12 | $7.89 | x |
| 2017-12-31 | $6.86 | $7.89 | x |
| 2018-12-31 | $8.24 | $7.89 | x |
| 2019-12-31 | $9.18 | $7.89 | x |
| 2020-12-31 | $8.99 | $7.89 | x |
| 2021-12-31 | $19.63 | $7.89 | x |
| 2022-12-31 | $21.82 | $7.89 | x |
| 2023-12-31 | $18.94 | $7.89 | x |
| 2024-12-31 | $18.48 | $7.89 | x |
| 2025-12-31 | $16.72 | $7.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Franklin BSP Realty Trust Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.82%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 4.20x
- Recent ROE (5.71%) is below the historical average (28.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -52.04% | 0.00% | 0.00x | 0.00x | $-114.45K |
| 2013 | 390.75% | 13683.18% | 0.02x | 1.40x | $99.06 Million |
| 2014 | 1.64% | 42.64% | 0.02x | 1.56x | $-27.64 Million |
| 2015 | 3.81% | 41.98% | 0.05x | 1.96x | $-40.50 Million |
| 2016 | 4.73% | 37.77% | 0.06x | 1.97x | $-33.38 Million |
| 2017 | 5.53% | 37.71% | 0.06x | 2.59x | $-27.25 Million |
| 2018 | 7.20% | 34.69% | 0.06x | 3.55x | $-20.50 Million |
| 2019 | 10.27% | 42.29% | 0.06x | 4.33x | $2.24 Million |
| 2020 | 6.86% | 29.73% | 0.06x | 3.99x | $-25.10 Million |
| 2021 | 1.51% | 11.60% | 0.02x | 5.55x | $-144.86 Million |
| 2022 | 0.92% | 3.93% | 0.06x | 3.97x | $-141.87 Million |
| 2023 | 9.31% | 25.50% | 0.10x | 3.82x | $-10.70 Million |
| 2024 | 4.55% | 12.55% | 0.09x | 3.97x | $-82.37 Million |
| 2025 | 5.71% | 14.82% | 0.09x | 4.20x | $-61.88 Million |
Industry Comparison
This section compares Franklin BSP Realty Trust Inc's net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $2,125,756,822
- Average return on equity (ROE) among peers: 0.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Franklin BSP Realty Trust Inc (FBRT) | $1.48 Billion | -52.04% | 3.26x | $607.24 Million |
| Arbor Realty Trust (ABR) | $2.55 Billion | 13.31% | 4.91x | $967.58 Million |
| Acres Commercial Realty Corp (ACR) | $441.31 Million | 2.41% | 4.39x | $126.70 Million |
| Ares Commercial Real Estate (ACRE) | $747.54 Million | 3.98% | 2.38x | $250.77 Million |
| New York Mortgage Trust, Inc. (ADAM) | $1.86 Billion | -16.02% | 2.35x | $793.47 Million |
| AFC Gamma Inc (AFCG) | $320.05 Million | 6.55% | 0.46x | $61.88 Million |
| AGNC Investment Corp. (AGNC) | $10.29 Billion | 7.28% | 5.62x | $12.20 Billion |
| Angel Oak Mortgage Inc (AOMR) | $491.39 Million | 4.30% | 4.25x | $211.77 Million |
| Apollo Commercial Real Estate Finance Inc (ARI) | $1.87 Billion | -6.38% | 3.49x | $907.36 Million |
| ARMOUR Residential REIT Inc (ARR) | $1.75 Billion | -11.13% | 8.31x | $2.03 Billion |
| Brightspire Capital Inc (BRSP) | $928.40 Million | -3.36% | 2.84x | $694.38 Million |
About Franklin BSP Realty Trust Inc
Franklin BSP Realty Trust, Inc., a real estate finance company, originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure in the United States and internationally. The company operates through Real Estate Debt Business; Agency Business; Commercial Real Estate Conduit Business; and Real Estate Owned Business segments. The Real Estate Debt Bu… Read more