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| Date | Value |
|---|---|
| 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% |