Franklin BSP Realty (FBRT) vs TPG RE Finance (TRTX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
TPG RE Finance (TRTX) has outperformed Franklin BSP Realty (FBRT) over the past year, losing 30.5% versus a loss of 42.5%. Franklin BSP Realty is the larger company by market cap ($509.9 million vs $457.5 million), about 1.1 times the size. On valuation, TPG RE Finance trades at a lower forward P/E (5.4x vs 5.5x for Franklin BSP Realty).
Franklin BSP Realty offers the higher dividend yield (18.08% vs 16.11%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FBRT | TRTX |
|---|---|---|
| Share price | $6.14 | $5.96 |
| Market cap | $509.90M | $457.54M |
| 1-day change | 0.00% | -1.49% |
| YTD return | -38.78% | -30.78% |
| 1-year return | -42.51% | -30.54% |
| 5-year return | — | -53.58% |
| P/E ratio (TTM) | 13.95 | 10.84 |
| Forward P/E | 5.46 | 5.41 |
| EPS (TTM) | $0.44 | $0.55 |
| Dividend yield | 18.08% | 16.11% |
| Annual dividend | $1.11 | $0.96 |
| 52-week high | $10.88 | $9.37 |
| 52-week low | $6.03 | $5.85 |
| Distance from 52-week high | -43.57% | -36.39% |
| Analyst consensus | buy | none |
| Avg. price target upside | +90.07% | +65.77% |
| Average volume | 1.81M | 903.28K |
| Shares outstanding | 83.05M | 76.77M |
| Employees | 252 | — |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TRTX has outperformed FBRT by 12.0 percentage points over the past year.
- Franklin BSP Realty trades at a higher earnings multiple (14.0x vs 10.8x trailing P/E).
- Franklin BSP Realty offers a meaningfully higher dividend yield (18.08% vs 16.11%).
About Franklin BSP Realty
FBRT stock →Franklin BSP Realty Trust, Inc., a real estate finance company, originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure in the United States and internationally. The company operates through Real Estate Debt Business; Agency Business; Commercial Real Estate Conduit Business; and Real Estate Owned Business segments.
Real Estate · Real Estate Investment Trusts · 252 employees
About TPG RE Finance
TRTX stock →TPG RE Finance Trust, Inc., a commercial real estate finance company, originates and acquires a portfolio of commercial real estate-related assets in the United States. It engages in directly originating and selectively acquiring first mortgage loans secured by commercial real estate properties; and invests in other commercial real estate-related debt instruments, including subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments.
Real Estate · Real Estate Investment Trusts
FBRT vs TRTX FAQ
Which is bigger, Franklin BSP Realty or TPG RE Finance?
Franklin BSP Realty (FBRT) is larger, with a market capitalization of $509.90M compared with $457.54M for TPG RE Finance (TRTX).
Which stock has performed better over the past year, FBRT or TRTX?
TRTX returned -30.54% over the past 12 months, compared with -42.51% for FBRT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FBRT or TRTX?
TRTX has the lower trailing P/E at 10.8, versus 14.0 for FBRT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Franklin BSP Realty or TPG RE Finance?
Franklin BSP Realty has the higher yield at 18.08%, compared with 16.11% for TPG RE Finance.
Are Franklin BSP Realty and TPG RE Finance in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.