Franklin BSP Realty Trust (FBRT-PE) Operating Expenses (2013 - 2026)

Franklin BSP Realty Trust (FBRT-PE) recorded quarterly Operating Expenses of $57.7 million in Q1 2026, up 8.5% quarter-over-quarter from $53.2 million in Q4 2025, and up 90.16% on a YoY basis from $30.3 million in Q1 2025.

Franklin BSP Realty Trust (FBRT-PE) Operating Expenses (2013 - 2026) Analysis & Trends

Franklin BSP Realty Trust's Operating Expenses history runs 14 years deep, the most recent figure standing at $57.7 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 90.16% year-over-year to $57.7 million; the TTM figure through Mar 2026 stood at $213.7 million (up 122.26% YoY), while the FY2025 annual figure was $186.4 million, up 115.6% from the prior year.
  • Operating Expenses was $57.7 million for Q1 2026 at Franklin BSP Realty Trust, up from $53.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $73.3 million in Q3 2025 to a low of $17.3 million in Q3 2022.
  • Historically, Operating Expenses has averaged $29.2 million across 5 years, with a median of $21.8 million in 2024.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses plunged 81.99% in 2022, then jumped 236.51% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $18.5 million in 2022, then gained by 12.96% to $20.9 million in 2023, then increased by 26.18% to $26.3 million in 2024, then surged by 102.07% to $53.2 million in 2025, then gained by 8.5% to $57.7 million in 2026.
  • The last three Operating Expenses figures came in at $57.7 million (Q1 2026), $53.2 million (Q4 2025), and $73.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 63.74 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - 34.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 480.31 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 110.77 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - 21.25 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 15.35 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - 80.37 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 49.45 Mn
10 Franklin BSP Realty Trust - - 63.17 Mn 57.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 57.70 Mn
Dec 31, 2025 53.18 Mn
Sep 30, 2025 73.29 Mn
Jun 30, 2025 29.56 Mn
Mar 31, 2025 30.34 Mn
Dec 31, 2024 26.32 Mn
Sep 30, 2024 21.78 Mn
Jun 30, 2024 17.72 Mn
Mar 31, 2024 20.63 Mn
Dec 31, 2023 20.86 Mn
Sep 30, 2023 21.57 Mn
Jun 30, 2023 23.10 Mn
Mar 31, 2023 22.30 Mn
Dec 31, 2022 18.46 Mn
Sep 30, 2022 17.26 Mn
Jun 30, 2022 21.66 Mn
Mar 31, 2022 20.13 Mn
Dec 31, 2021 102.54 Mn
Sep 30, 2021 15.13 Mn
Jun 30, 2021 13.34 Mn