COMP <GO>

TRTX vs FBRT // REVENUE GROWTH (YOY)

TPG RE Finance Trust Inc. (NYSE) VS. Franklin BSP Realty Trust Inc. (NYSE) • 15-METRIC TALLY: TRTX 2 — FBRT 3

■ METRIC PARITY

LAST: $6.42 (-1.08%) • MKT CAP: $486.8M

revenue-growth

—

LAST: $6.16 (-2.84%) • MKT CAP: $466.1M

revenue-growth

29.70%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (TRTX VS. FBRT) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	TRTX	FBRT	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	5.60%	5.80%	-0.20	FBRT	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	18.56%	—	—	TIE	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	68.00%	—	TIE	/net-margins <GO>
Revenue Growth (YoY) ACTIVE	—	29.70%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	5/9	-1.00	FBRT	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	56.4	36.2	+20.17	TRTX	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	7.5x	4.6x	+2.90	FBRT	/forward-pe <GO>
Enterprise Scale & Market Cap	$486.8M	$466.1M	$20.7M	TRTX	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	TRTX REV	FBRT REV	TRTX GROSS %	FBRT GROSS %	TRTX FCF	FBRT FCF
FY 2025	$0	$29.6M	—	—	$90.4M	$291.9M
FY 2024	$0	$22.8M	—	—	$112.1M	$57.2M
FY 2023	$0	$17.0M	—	—	$80.1M	$197.4M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TRTX // BETA —

FBRT // BETA —