Franklin BSP Realty Trust, Inc. (FBRT)

Real Estate Investment Trusts

Latest Price

$6.43

TTM P/E

Normalized P/E

84.61

TTM Div Yield

14.85%

Fwd Div Yield

14.85%

Book Value

16.21

P/B Ratio

0.40

Valuation metrics

EPS: $0.64

Book value / share: $17.68

Formula: √(22.5 × EPS × BVPS)

Graham Number

$15.95

+148% upside

Norm. op. income: $72M (median of 3yr)

Tax rate: 23%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$8.91

+39% upside

EPS: $0.64

Target P/E: 85×

Formula: EPS × P/E

P/E Fair Value

$54.40

+746% upside

63.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	13.00M	$105.0M	17.14%	-119.0K	2026-06-30
Vanguard Capital Management LLC	3.43M	$27.0M	4.52%	-131.4K	2026-06-30
State Street Corp	3.24M	$27.0M	4.27%	+31.5K	2026-06-30
Geode Capital Management, LLC	2.07M	$16.0M	2.73%	+28.5K	2026-06-30
Invesco Ltd.	1.85M	$15.0M	2.44%	+110.9K	2026-06-30
Gratia Capital, LLC	1.77M	$14.0M	2.33%	-509.3K	2026-06-30
Franklin Resources Inc	1.50M	$12.0M	1.98%	-290	2026-06-30
UBS Group AG	1.35M	$10.0M	1.78%	-356.8K	2026-06-30
Vanguard Portfolio Management LLC	1.28M	$10.0M	1.69%	-1.50M	2026-06-30
Sixth Street Partners Management Company, L.P.	1.11M	$9.0M	1.46%	--	2026-06-30