Filing Flows › Comparisons › BFS vs FBRT
Saul Centers vs Franklin BSP Realty Trust: BFS and FBRT compared
Saul Centers is the larger company: $78.4M of revenue in its latest quarter (Q3 2026) against $74.9M for Franklin BSP Realty Trust (Q3 2026). Saul Centers is growing faster (+9% against -16% a year earlier). Saul Centers is more profitable, with an operating margin of 67.6% against -46.8%.
Where the money goes: BFS and FBRT
Saul Centers (BFS) · Q3 2026
Saul Centers, Q3 2026: revenue $78.4M (+9% year over year), operating margin 67.6%, net earnings $9.5M, operating cash flow $14.0M. The chart follows the revenue to costs, profit and cash.
Franklin BSP Realty Trust (FBRT) · Q3 2026
Franklin BSP Realty Trust, Q3 2026: revenue $74.9M (-16% year over year), operating margin -46.8%, net loss $27.0M, operating cash flow −$89.7M. The chart follows the revenue to costs, profit and cash.
| Saul Centers (BFS) | Franklin BSP Realty Trust (FBRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $78.4M | $74.9M |
| Revenue growth, Y/Y | +9% | -16% |
| Operating margin | 67.6% | -46.8% |
| Net earnings | $9.5M | −$27.0M |
| Net margin | 12.1% | -36.1% |
| Operating cash flow | $14.0M | −$89.7M |
| Free cash flow | $8.6M | — |
| Market value | $733M | — |
| P/E | 21.0× | — |
| Analysts’ mean target | $43.00 | — |
Questions
Which is bigger, Saul Centers or Franklin BSP Realty Trust?
Saul Centers is the larger company: $78.4M of revenue in its latest quarter (Q3 2026) against $74.9M for Franklin BSP Realty Trust (Q3 2026).
Is Saul Centers or Franklin BSP Realty Trust growing faster?
Saul Centers is growing faster (+9% against -16% a year earlier).
Which is more profitable, Saul Centers or Franklin BSP Realty Trust?
Saul Centers is more profitable, with an operating margin of 67.6% against -46.8%.
More: Saul Centers earnings · how Saul Centers makes money · Franklin BSP Realty Trust earnings · how Franklin BSP Realty Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.