Franklin BSP Realty Trust (FBRT-PE) Gross Margin (2018 - 2026)

Franklin BSP Realty Trust (FBRT-PE) recorded quarterly Gross Margin of 84.93% in Q1 2026, down 1.69% quarter-over-quarter from 86.39% in Q4 2025, and up 299.0% on a YoY basis from 21.29% in Q1 2025.

Franklin BSP Realty Trust (FBRT-PE) Gross Margin (2018 - 2026) Analysis & Trends

Franklin BSP Realty Trust's Gross Margin history runs 9 years deep, the most recent figure standing at 84.93% for Q1 2026.

  • In Q1 2026, Gross Margin rose 299.0% year-over-year to 84.93%; the TTM figure through Mar 2026 stood at 81.0% (down 192.0% YoY), while the FY2025 annual figure was 83.0%, down 739.0% from the prior year.
  • Gross Margin was 84.93% for Q1 2026 at Franklin BSP Realty Trust, down from 86.39% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 99.14% in Q4 2022 to a low of 38.78% in Q2 2025.
  • Historically, Gross Margin has averaged 72.08% across 5 years, with a median of 86.39% in 2025.
  • Biggest YoY gain for Gross Margin was 7276 bps in 2023; the steepest drop was 6262 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 99.14% in 2022, then fell by 2 bps to 96.96% in 2023, then decreased by 15 bps to 82.11% in 2024, then increased by 5 bps to 86.39% in 2025, then fell by 2 bps to 84.93% in 2026.
  • The last three Gross Margin figures came in at 84.93% (Q1 2026), 86.39% (Q4 2025), and 84.31% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - -
2 AGNC Investment 11.42 Bn 10.75 Bn - -
3 Starwood Property Trust 6.25 Bn 6.25 Bn - -
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - -
6 Dynex Capital 2.58 Bn 1.80 Bn - -
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -
8 Ellington Financial 1.67 Bn 1.39 Bn - -
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -
10 Franklin BSP Realty Trust - - 63.17 Mn 84.93%

Historic Data

Download Data
DateValue
Mar 31, 2026 84.93%
Dec 31, 2025 86.39%
Sep 30, 2025 84.31%
Jun 30, 2025 -38.78%
Mar 31, 2025 81.95%
Dec 31, 2024 82.11%
Sep 30, 2024 89.43%
Jun 30, 2024 21.37%
Mar 31, 2024 95.62%
Dec 31, 2023 96.96%
Sep 30, 2023 95.42%
Jun 30, 2023 33.19%
Mar 31, 2023 96.55%
Dec 31, 2022 99.14%
Sep 30, 2022 97.17%
Jun 30, 2022 95.81%
Mar 31, 2022 23.79%
Dec 31, 2021 98.88%
Sep 30, 2021 98.07%
Jun 30, 2021 97.54%