$Franklin BSP Realty Trust (FBRT.US)$Dividends have been dis...

Based on a 5-year average net profit of $24 million, the price-earnings ratio is 47.5 million. Common stock profit for the past two years has been a loss. The profit for the first half of 2023 after deducting priority dividends was 70 million. If the annual net profit reaches 140 million, the price-earnings ratio will drop to 8.1 million. Currently, the net price-earnings ratio is 0.87. Currently, the long-term price-earnings ratio appears to be slightly higher, so we can observe a few more quarters.