eyecrave productions/E+ via Getty Images Investment Thesis Franklin BSP Realty Trust (NYSE:FBRT) is a name that popped up on my radar as being potentially undervalued. At 7.7x FWD earnings and .81x book value, the stock looked cheap compared to the value it holds in my view. Investors may be scared that the company owns a lot of CRE debt, but I think that fear is already more than priced in. Furthermore, I feel that management has handled this risk well by positioning their portfolio carefully with floating ...