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Franklin BSP Realty Trust vs Alexanders: FBRT and ALX compared
Franklin BSP Realty Trust is the larger company: $74.9M of revenue in its latest quarter (Q3 2026) against $72.1M for Alexanders (Q3 2026). Alexanders is growing faster (+35% against -16% a year earlier). Alexanders is more profitable, with an operating margin of 38.0% against -46.8%.
Where the money goes: FBRT and ALX
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.
Alexanders (ALX) · Q3 2026
Alexanders, Q3 2026: revenue $72.1M (+35% year over year), operating margin 38.0%, net earnings $27.4M, operating cash flow $16.9M. The chart follows the revenue to costs, profit and cash.
| Franklin BSP Realty Trust (FBRT) | Alexanders (ALX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $74.9M | $72.1M |
| Revenue growth, Y/Y | -16% | +35% |
| Operating margin | -46.8% | 38.0% |
| Net earnings | −$27.0M | $27.4M |
| Net margin | -36.1% | 38.0% |
| Operating cash flow | −$89.7M | $16.9M |
Questions
Which is bigger, Franklin BSP Realty Trust or Alexanders?
Franklin BSP Realty Trust is the larger company: $74.9M of revenue in its latest quarter (Q3 2026) against $72.1M for Alexanders (Q3 2026).
Is Franklin BSP Realty Trust or Alexanders growing faster?
Alexanders is growing faster (+35% against -16% a year earlier).
Which is more profitable, Franklin BSP Realty Trust or Alexanders?
Alexanders is more profitable, with an operating margin of 38.0% against -46.8%.
More: Franklin BSP Realty Trust earnings · how Franklin BSP Realty Trust makes money · Alexanders earnings · how Alexanders makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.