Brightspire Capital vs Franklin BSP Realty Trust
Brightspire Capital is the larger business, with $331m of revenue in fiscal 2025 against $270m for Franklin BSP Realty Trust (1.2 times as much). Franklin BSP Realty Trust grew faster (20.9% against -7.9%). Franklin BSP Realty Trust kept more of each dollar of sales as profit: a net margin of 30.5% against -9.4%.
| Latest fiscal year | Brightspire CapitalBRSP, 2025 | Franklin BSP Realty TrustFBRT, 2025 |
|---|---|---|
| Revenue | $331m | $270m |
| Revenue growth | -7.9% | 20.9% |
| Net income | −$31.1m | $82.3m |
| Operating margin | — | — |
| Net margin | -9.4% | 30.5% |
| Return on equity | -3.1% | 5.6% |
| Free cash flow | $55.1m | — |
| Cash | $66.8m | $167m |
| Total debt | $2.48bn | $2.92bn |
| Debt to equity | — | — |
| Dividend per share | $0.64 | $1.42 |
| Dividend yield | 19.1% | 24.9% |
| Share buybacks | $10.9m | $14.4m |
| Employees | 46 | 223 |
| Market value | $432m | $469m |
| Price vs our value range | — | — |
| Moat score | 44 (Weak) | 67 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 5 buys, 1 sales |