Franklin BSP Realty Trust (FBRT) Operating Expenses (2013 - 2026)
Franklin BSP Realty Trust (FBRT) posted quarterly Operating Expenses of $53.1 million for Q2 2026, up 79.61% year-over-year from $29.6 million in Q2 2025, and down 7.98% quarter-over-quarter from $57.7 million in Q1 2026.
Franklin BSP Realty Trust (FBRT) Operating Expenses (2013 - 2026) Analysis & Trends
Franklin BSP Realty Trust's Operating Expenses history runs 14 years deep, the most recent figure standing at $53.1 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 79.61% year-over-year to $53.1 million; the TTM figure through Jun 2026 stood at $237.3 million (up 119.69% YoY), while the FY2025 annual figure was $186.4 million, up 115.6% from the prior year.
- Operating Expenses for Q2 2026 stood at $53.1 million, down from $57.7 million in the prior quarter.
- The five-year high for Operating Expenses was $73.3 million in Q3 2025, with the low at $17.3 million in Q3 2022.
- The 5-year median for Operating Expenses is $22.0 million (2023), against an average of $30.5 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses tumbled 81.99% in 2022, then soared 236.51% in 2025.
- Franklin BSP Realty Trust's Operating Expenses stood at $18.5 million in 2022, then rose by 12.96% to $20.9 million in 2023, then grew by 26.18% to $26.3 million in 2024, then jumped by 102.07% to $53.2 million in 2025, then decreased by 0.16% to $53.1 million in 2026.
- Business Quant data shows FBRT's Operating Expenses at $53.1 million in Q2 2026, $57.7 million in Q1 2026, and $53.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | Franklin BSP Realty Trust | 615.14 Mn | 478.80 Mn | - | 53.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 53.09 Mn |
| 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 |