FBRT (Franklin BSP Realty Trust) EBIT: $48.8 Mil (TTM As of Mar. 2026)


FBRT Franklin BSP Realty Trust Inc FBRT
65 GF Score
Price $8.08
GF Value $9.62
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Franklin BSP Realty Trust EBIT?

Franklin BSP Realty Trust FBRT +2.02% 65 EBIT is $48.8 Mil as of Mar. 2026. GuruFocus rates FBRT with a GF Score™ of 65/100 and a GF Value™ of $9.62 (Modestly Undervalued). The stock has 10 warning signs investors should review.

Franklin BSP Realty Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-4.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $48.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Franklin BSP Realty Trust's annualized ROC % for the quarter that ended in Mar. 2026 was -0.29%. Franklin BSP Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Franklin BSP Realty Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.90%.


Franklin BSP Realty Trust  (NYSE:FBRT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Franklin BSP Realty Trust's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-18.656 * ( 1 - 7.03% )/( (5803.967 + 6113.978)/ 2 )
=-17.3444832/5958.9725
=-0.29 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6057.25 - 85.991 - ( 167.292 - max(0, 273.362 - 5039.031+167.292))
=5803.967

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6301.001 - 71.423 - ( 115.6 - max(0, 283.591 - 5237.407+115.6))
=6113.978

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Franklin BSP Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-18.656/( ( (0 + max(-68.102000000001, 0)) + (0 + max(-50.578000000001, 0)) )/ 2 )
=-18.656/( ( 0 + 0 )/ 2 )
=-18.656/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 17.888999999999) - (85.991 + 0 + 0)
=-68.102000000001

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 20.844999999999) - (71.423 + 0 + 0)
=-50.578000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Franklin BSP Realty Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=48.788/5433.856
=0.90 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Franklin BSP Realty Trust EBIT Related Terms


Franklin BSP Realty Trust EBIT Historical Data

* Premium members only.

The historical data trend for Franklin BSP Realty Trust's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Franklin BSP Realty Trust EBIT Chart

Franklin BSP Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 121.12 101.14 154.77 110.78 85.02

Franklin BSP Realty Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.79 32.97 1.72 18.77 -4.66

FBRT vs TRTX, RWT, BRSP: EBIT Comparison

For the REIT - Mortgage subindustry, Franklin BSP Realty Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Franklin BSP Realty Trust EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Franklin BSP Realty Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Franklin BSP Realty Trust's EV-to-EBIT falls into.


FBRT
65GF Score
Franklin BSP Realty Trust Inc FBRT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Franklin BSP Realty Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $48.8 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $48.8 Mil mean?
Franklin BSP Realty Trust (FBRT) has a EBIT of $48.8 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Franklin BSP Realty Trust.
Is Franklin BSP Realty Trust's EBIT too high?
Franklin BSP Realty Trust's current EBIT is $48.8 Mil. Overall, Franklin BSP Realty Trust has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franklin BSP Realty Trust's EBIT compare to TRTX and RWT?
Franklin BSP Realty Trust's EBIT of $48.8 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Franklin BSP Realty Trust. Franklin BSP Realty Trust's current EBIT is $48.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin BSP Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Franklin BSP Realty Trust (FBRT) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.62, compared to a current price of $8.08 — trading 16% below its estimated fair value. The current EBIT is $48.8 Mil. Franklin BSP Realty Trust's overall GF Score™ is 65/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Franklin BSP Realty Trust (FBRT), the current EBIT is $48.8 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Franklin BSP Realty Trust (FBRT) Overvalued in 2026?

Based on GuruFocus' analysis, Franklin BSP Realty Trust stock appears to be undervalued. The current stock price of $8.08 is trading 16% below its estimated GF Value™ of $9.62. GuruFocus considers Franklin BSP Realty Trust to be Modestly Undervalued.

Key valuation signals for FBRT:

  • EBIT: $48.8 Mil
  • GF Value™: $9.62 vs. price of $8.08 (16% below fair value)
  • GF Score™: 65/100 with 10 warning signs

No single metric tells the full story. See the FBRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Franklin BSP Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges 6VH:Germany
Address 1 Madison Avenue, New York, NY, USA, 10010
Franklin BSP Realty Trust Inc is a private real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt, and first mortgage loans. secured by properties located in the United States. The Company's operations are organized into two business units: (i) Commercial Real Estate Financing, and (ii) Agency Business. Its four reporting segments are as follows: The real estate debt business, The Agency Business, The commercial real estate conduit business, and The real estate owned business.
65GF Score

Get the complete analysis for FBRT

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.08
Price
$9.62
GF Value