Commercial real estate lender Franklin BSP Realty Trust (NYSE: FBRT) will be reporting results this Wednesday after market close. Here’s what to expect.

Franklin BSP Realty Trust missed analysts’ revenue expectations last quarter, reporting revenues of $58.06 million, up 14.2% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ net interest income estimates.

Is Franklin BSP Realty Trust a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Franklin BSP Realty Trust’s revenue to decline 19.5% year on year, a reversal from the 66% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Franklin BSP Realty Trust has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Franklin BSP Realty Trust’s peers in the thrifts & mortgage finance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ladder Capital delivered year-on-year revenue growth of 107%, beating analysts’ expectations by 53.9%, and Northwest Bancshares reported revenues up 10%, topping estimates by 0.7%. Ladder Capital’s stock price was unchanged following the results.

Read our full analysis of Ladder Capital’s results here and Northwest Bancshares’s results here.

Investors in the thrifts & mortgage finance segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Franklin BSP Realty Trust is down 6% during the same time and is heading into earnings with an average analyst price target of $11.67 (compared to the current share price of $6.31).

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