Franklin BSP Realty Trust Inc has recorded a loss in operating income at least once over the past 3 years.
Franklin BSP Realty Trust (NYSE:FBRT) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Franklin BSP Realty Trust Operating Margin % Related Terms
Franklin BSP Realty Trust Operating Margin % Historical Data
* 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 Operating Margin % Chart
FBRT vs TRTX, RWT, BRSP: Operating Margin % Comparison
For the REIT - Mortgage subindustry, Franklin BSP Realty Trust's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Franklin BSP Realty Trust's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Franklin BSP Realty Trust's Operating Margin % falls into.
Franklin BSP Realty Trust Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Franklin BSP Realty Trust's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (FBRT) has a Operating Margin % of -3.94% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Franklin BSP Realty Trust and its competitors. Over the past decade, Franklin BSP Realty Trust's Operating Margin % has ranged from 9.78 to 54.65. According to the industry distribution chart, Franklin BSP Realty Trust ranks #654 out of 744 companies in the REITs industry, placing it in the top 87.9%.
Is Franklin BSP Realty Trust's Operating Margin % too high?
Franklin BSP Realty Trust's current Operating Margin % is -3.94%. Over the past 10 years, this metric has ranged from a low of 9.78 to a high of 54.65. Based on the distribution chart, Franklin BSP Realty Trust ranks #654 out of 744 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Operating Margin % compare to TRTX and RWT?
According to the REITs industry distribution chart, Franklin BSP Realty Trust ranks #654 out of 744 companies for Operating Margin %. This places Franklin BSP Realty Trust in the lower half of its industry. The industry median Operating Margin % is 52.72. Historically, Franklin BSP Realty Trust's own Operating Margin % has ranged from 9.78 to 54.65 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.72, based on 744 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Franklin BSP Realty Trust and its competitors. For the REITs industry, the median Operating Margin % is 52.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franklin BSP Realty Trust's current Operating Margin % is -3.94%. 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 $9.63, compared to a current price of $8.08 — trading 16.1% below its estimated fair value. The current Operating Margin % is -3.94%. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Franklin BSP Realty Trust (FBRT), the current Operating Margin % is -3.94% 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 16.1% below its estimated GF Value™ of $9.63.
GuruFocus considers Franklin BSP Realty Trust to be Modestly Undervalued.
Key valuation signals for FBRT:
Operating Margin %: -3.94%
GF Value™: $9.63 vs. price of $8.08 (16.1% below fair value)
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 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
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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