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Franklin BSP Realty Trust, Inc.（FBRT）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
Franklin BSP Realty Trust, Inc.的季度营收约是READING INTERNATIONAL INC的1.6倍（$81.1M vs $50.3M），Franklin BSP Realty Trust, Inc.净利率更高（22.7% vs -5.1%，领先27.8%），Franklin BSP Realty Trust, Inc.同比增速更快（25.8% vs -14.2%），过去两年Franklin BSP Realty Trust, Inc.的营收复合增速更高（22.6% vs 5.6%）
Franklin BSP Realty Trust是一家上市房地产投资信托（REIT），专注于发起、投资和管理商业房地产信贷资产，涵盖优先抵押贷款、夹层融资等相关产品，主要面向美国市场，致力于为投资者创造稳定的经风险调整回报与分红收入。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
FBRT vs RDI — 直观对比
营收规模更大
FBRT
是对方的1.6倍
$50.3M
营收增速更快
FBRT
高出39.9%
-14.2%
净利率更高
FBRT
高出27.8%
-5.1%
两年增速更快
FBRT
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.1M | $50.3M |
| 净利润 | $18.4M | $-2.6M |
| 毛利率 | — | — |
| 营业利润率 | — | -1.9% |
| 净利率 | 22.7% | -5.1% |
| 营收同比 | 25.8% | -14.2% |
| 净利润同比 | -39.1% | -14.5% |
| 每股收益（稀释后） | $0.13 | $-0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FBRTRDI
| Q4 25 | $81.1M | $50.3M | ||
| Q3 25 | $89.5M | $52.2M | ||
| Q2 25 | $49.3M | $60.4M | ||
| Q1 25 | $50.1M | $40.2M | ||
| Q4 24 | $64.5M | $58.6M | ||
| Q3 24 | $54.0M | $60.1M | ||
| Q2 24 | $50.9M | $46.8M | ||
| Q1 24 | $54.0M | $45.1M |
净利润FBRTRDI
| Q4 25 | $18.4M | $-2.6M | ||
| Q3 25 | $17.3M | $-4.2M | ||
| Q2 25 | $23.2M | $-2.7M | ||
| Q1 25 | $24.1M | $-4.8M | ||
| Q4 24 | $30.2M | $-2.2M | ||
| Q3 24 | $31.6M | $-7.0M | ||
| Q2 24 | $-2.2M | $-12.8M | ||
| Q1 24 | $35.9M | $-13.2M |
营业利润率FBRTRDI
| Q4 25 | — | -1.9% | ||
| Q3 25 | — | -0.6% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | -17.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | -16.4% | ||
| Q1 24 | — | -16.7% |
净利率FBRTRDI
| Q4 25 | 22.7% | -5.1% | ||
| Q3 25 | 19.3% | -8.0% | ||
| Q2 25 | 47.1% | -4.4% | ||
| Q1 25 | 48.0% | -11.8% | ||
| Q4 24 | 46.8% | -3.8% | ||
| Q3 24 | 58.5% | -11.7% | ||
| Q2 24 | -4.3% | -27.4% | ||
| Q1 24 | 66.6% | -29.4% |
每股收益（稀释后）FBRTRDI
| Q4 25 | $0.13 | $-0.11 | ||
| Q3 25 | $0.12 | $-0.18 | ||
| Q2 25 | $0.19 | $-0.12 | ||
| Q1 25 | $0.20 | $-0.21 | ||
| Q4 24 | $0.28 | $-0.11 | ||
| Q3 24 | $0.30 | $-0.31 | ||
| Q2 24 | $-0.11 | $-0.57 | ||
| Q1 24 | $0.35 | $-0.59 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $167.3M | $10.5M |
| 总债务越低越好 | — | $185.1M |
| 股东权益账面价值 | $1.4B | $-18.2M |
| 总资产 | $6.1B | $434.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FBRTRDI
| Q4 25 | $167.3M | $10.5M | ||
| Q3 25 | $116.7M | $8.1M | ||
| Q2 25 | $414.1M | $9.1M | ||
| Q1 25 | $215.4M | $5.9M | ||
| Q4 24 | $184.4M | $12.4M | ||
| Q3 24 | $346.2M | $10.1M | ||
| Q2 24 | $94.8M | $9.3M | ||
| Q1 24 | $240.0M | $7.5M |
总债务FBRTRDI
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FBRTRDI
| Q4 25 | $1.4B | $-18.2M | ||
| Q3 25 | $1.5B | $-12.1M | ||
| Q2 25 | $1.5B | $-7.7M | ||
| Q1 25 | $1.5B | $-8.1M | ||
| Q4 24 | $1.5B | $-4.4M | ||
| Q3 24 | $1.5B | $1.6M | ||
| Q2 24 | $1.5B | $6.5M | ||
| Q1 24 | $1.6B | $18.0M |
总资产FBRTRDI
| Q4 25 | $6.1B | $434.9M | ||
| Q3 25 | $6.2B | $435.2M | ||
| Q2 25 | $5.6B | $438.1M | ||
| Q1 25 | $5.7B | $441.0M | ||
| Q4 24 | $6.0B | $471.0M | ||
| Q3 24 | $6.3B | $495.7M | ||
| Q2 24 | $6.3B | $494.9M | ||
| Q1 24 | $6.0B | $494.9M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $291.9M | $4.3M |
| 自由现金流经营现金流 - 资本支出 | — | $4.1M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 15.88× | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.9M |
8季度趋势，按日历期对齐
经营现金流FBRTRDI
| Q4 25 | $291.9M | $4.3M | ||
| Q3 25 | $-148.1M | $295.0K | ||
| Q2 25 | $11.8M | $1.6M | ||
| Q1 25 | $116.2M | $-7.7M | ||
| Q4 24 | $57.2M | $8.0M | ||
| Q3 24 | $97.4M | $1.3M | ||
| Q2 24 | $1.9M | $-10.4M | ||
| Q1 24 | $13.0M | $-2.8M |
自由现金流FBRTRDI
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
自由现金流率FBRTRDI
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
资本支出强度FBRTRDI
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.3% |
现金转化率FBRTRDI
| Q4 25 | 15.88× | — | ||
| Q3 25 | -8.56× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 4.83× | — | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | 3.08× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.36× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FBRT
| New Point Holdings JVLLC | $77.3M | 95% |
| Other | $2.1M | 3% |
| Office Building | $1.7M | 2% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
