Franklin BSP Realty Trust FBRT
NYSE FBRT
$8.31 -0.28 (-3.26%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Franklin BSP Realty Trust (FBRT) posted Operating Expenses of $53.1 million for Q2 2026, down 7.98% on a QoQ basis from $57.7 million in Q1 2026, and up 79.61% year-over-year from $29.6 million in Q2 2025.

Analysis

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

Franklin BSP Realty Trust has reported Operating Expenses for 14 years, with the latest figure at $53.1 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 79.61% year-over-year to $53.1 million in Q2 2026; TTM through Jun 2026 was $237.3 million, a 119.69% increase from a year earlier, with the FY2025 full-year figure at $186.4 million, up 115.6% from the prior year.
  • Operating Expenses was $53.1 million for Q2 2026 at Franklin BSP Realty Trust, 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.
  • Average Operating Expenses over 5 years is $30.5 million, with a median of $22.0 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses tumbled 81.99% in 2022, then surged 236.51% in 2025.
  • Over 5 years, Operating Expenses stood at $18.5 million in 2022, then advanced by 12.96% to $20.9 million in 2023, then rose by 26.18% to $26.3 million in 2024, then soared by 102.07% to $53.2 million in 2025, then dropped by 0.16% to $53.1 million in 2026.
  • The last three Operating Expenses figures came in at $53.1 million (Q2 2026), $57.7 million (Q1 2026), and $53.2 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.87 Bn 13.96 Bn - 71.74 Mn
2 AGNC Investment 12.43 Bn 11.10 Bn - 30.00 Mn
3 Starwood Property Trust 5.84 Bn 3.67 Bn - 524.77 Mn
4 Rithm Capital 5.57 Bn 5.57 Bn - 1.28 Bn
5 Dynex Capital 2.88 Bn 2.27 Bn - 16.21 Mn
6 Two Harbors Investment 2.65 Bn 2.01 Bn - 51.40 Mn
7 Blackstone Mortgage Trust 2.35 Bn 1.91 Bn - 111.00 Mn
8 Armour Residential REIT 2.11 Bn 2.02 Bn - 17.16 Mn
9 Ellington Financial 1.71 Bn 1.46 Bn - 76.02 Mn
10 Franklin BSP Realty Trust 632.71 Mn 496.36 Mn - 53.09 Mn
Historic Data

Historic Data

Download Data
DateValue
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