NYSE: FBRT · Mortgage REITs
Franklin BSP Realty Trust (FBRT) fair value: undervalued or overvalued?
As of 3 Oct 2026, Faircurve's model values Franklin BSP Realty Trust (FBRT) at $6.09 a share. The stock last closed at $6.27, which puts the model's fair value 2.9% below the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. Franklin BSP Realty Trust, Inc.
Faircurve Insights · 3 Oct 2026
Franklin BSP Realty Trust, Inc. functions as a real estate finance firm, primarily engaged in the creation, acquisition, and management of a varied portfolio of commercial real estate debt, secured by properties located across the United States.
On 3 Oct 2026, Faircurve's model found a fair value of $6.09 a share for Franklin BSP Realty Trust, Inc., the midpoint of 2,000 simulations. This fair value moved -3.0% since the previous run on 26 Sep 2026, which gave $6.28. The calibrated range over 63 trading days is $5.08 to $7.38, built from the fair value since there is no live options data for the stock, calibrated weekly against realised prices (4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The evidence grade is High.
The business scores on quality against comparable companies, and the model compares it with PennyMac Mortgage Investment Trust (PMT), Adamas Trust, Inc. (ADAM), Apollo Commercial Real Estate Finance, Inc. (ARI), Ellington Financial Inc. (EFC), and Blackstone Mortgage Trust, Inc. (BXMT). The moves around the last 8 earnings reports, measured from the close before each report to the close after it, were: 29 Jul 2026 -0.1%, 29 Apr 2026 -1.0%, 11 Feb 2026 -15.0%, 29 Oct 2025 -4.4%, 30 Jul 2025 -1.2%, 28 Apr 2025 -5.7%, 13 Feb 2025 +2.9%, 4 Nov 2024 -0.1%. The median size, ignoring direction, was 2.0%.
Written from the figures on this page for the 3 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give FBRT?
The calibrated range for FBRT over 63 trading days is $5.08 to $7.38. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $5.57 to $6.61. In 39% of the simulations the fair value came out above the price the model ran on.
How does FBRT compare with similar companies?
The companies in mortgage reits closest to Franklin BSP Realty Trust in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| RWT Redwood Trust, Inc. | $3.53 | $2.93 | -17.0% | Low evidence grade |
| PMT PennyMac Mortgage Investment Trust | $7.80 | $8.27 | +6.0% | Fairly valued |
| ABR Arbor Realty Trust | $3.56 | $7.63 | +114.3% | Gap wider than 60% |
| ADAM Adamas Trust, Inc. | $7.81 | $9.76 | +25.0% | Undervalued |
| ARI Apollo Commercial Real Estate Finance, Inc. | $6.20 | $3.90 | -37.1% | Overvalued |
| EFC Ellington Financial Inc. | $11.59 | $12.36 | +6.6% | Fairly valued |
| ARR ARMOUR Residential REIT, Inc. | $13.59 | $22.12 | +62.8% | Gap wider than 60% |
| BXMT Blackstone Mortgage Trust, Inc. | $10.90 | $7.44 | -31.7% | Overvalued |
When does FBRT report earnings, and how has the stock reacted?
Franklin BSP Realty Trust's next earnings report is scheduled for 4 Nov 2026. Companies can move their dates.
Options prices on 29 Sep 2026 imply a move of about 14.4% in either direction through the nearest expiry, about 16 days out. That is the size the market is pricing, not a direction.
How FBRT moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 2.0%.
| Report date | Two session move |
|---|---|
| 29 Jul 2026 | -0.1% |
| 29 Apr 2026 | -1.0% |
| 11 Feb 2026 | -15.0% |
| 29 Oct 2025 | -4.4% |
| 30 Jul 2025 | -1.2% |
| 28 Apr 2025 | -5.7% |
| 13 Feb 2025 | +2.9% |
| 4 Nov 2024 | -0.1% |
Franklin BSP Realty Trust at a glance
Franklin BSP Realty Trust, Inc. functions as a real estate finance firm, primarily engaged in the creation, acquisition, and management of a varied portfolio of commercial real estate debt, secured by properties located across the United States.
- Market value
- $521M
- Sector
- Real Estate
- Industry
- Mortgage REITs
- Consensus revenue growth, next fiscal year
- -49.4%
- Analysts with estimates
- 4
- Beta to the US market
- 0.56
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Franklin BSP Realty Trust on the share price against the net assets on the balance sheet, adjusted for the earnings analysts expect (price to book value), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for FBRT was $6.28. As of 3 Oct 2026 it is $6.09, a change of -3.0%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Franklin BSP Realty Trust's valuation
Is Franklin BSP Realty Trust stock undervalued or overvalued?
On Faircurve's model, FBRT reads as Fairly valued as of 3 Oct 2026. The model's fair value is $6.09 a share against a last close of $6.27, a gap of -2.9%.
What is FBRT's fair value?
$6.09 a share as of 3 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $5.57 to $6.61.
What price range does the model give FBRT?
$5.08 to $7.38 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does Franklin BSP Realty Trust report earnings next?
The next report is scheduled for 4 Nov 2026. Companies can move their dates.
How much has FBRT moved on past earnings reports?
Across its last 8 reports the median two session move was 2.0%, ignoring direction. The largest was -15.0% around the report of 11 Feb 2026.
How confident is the model in this valuation?
The model's evidence grade for FBRT is high. For banks, insurers and mortgage real estate investment trusts (REITs) the grade looks at how many comparable companies there are and how closely they agree, how wide the range of outcomes is, and whether the model's valuation methods agree with each other. It is not a probability that the fair value is right, or that the price reaches it.