What is Franklin BSP Realty Trust's conduit — less: interest expense?

Franklin BSP Realty Trust (FBRT) reported conduit — less: interest expense of $1.74M in Q1 2026.

How has Franklin BSP Realty Trust's conduit — less: interest expense changed year-over-year?

Franklin BSP Realty Trust's conduit — less: interest expense increased by 715.5% year-over-year, from $213.00K to $1.74M.

What is the long-term trend for Franklin BSP Realty Trust's conduit — less: interest expense?

Over 2 years (2022 to 2025), Franklin BSP Realty Trust's conduit — less: interest expense has grown at a -36.6% compound annual growth rate (CAGR), from $1.64M to $660.00K.

What does conduit — less: interest expense mean?

The total interest paid on debt used to fund the conduit segment's activities.

Business Segments · Less: Interest expense

Conduit — Less: Interest expense

Franklin BSP Realty Trust Conduit — Less: Interest expense increased by 875.8% to $1.74M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 715.5%, from $213.00K to $1.74M. Over 2 years (FY 2022 to FY 2025), Conduit — Less: Interest expense shows a downward trend with a -36.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2022

Last reportedQ1 2026Apr 29, 2026

Rolls up toTotal Interest Expense

How to read this metric

An increase suggests higher borrowing costs or increased leverage, while a decrease indicates lower debt levels or more favorable financing terms.

Detailed definition

The cost of interest incurred on debt obligations specifically allocated to the conduit segment's operations. This refle...

Peer comparison

A standard expense line item for any business segment utilizing debt financing to support operations.

Metric ID: fbrt_segment_conduit_less_interest_expense

Historical Data

15 periods

	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$410.75K	$410.75K	$410.75K	$410.75K	$307.00K	$326.00K	$194.00K	$163.00K	$182.00K	$182.00K	$213.00K	$129.00K	$140.00K	$178.00K	$1.74M
QoQ Change	—	+0.0%	+0.0%	+0.0%	-25.3%	+6.2%	-40.5%	-16.0%	+11.7%	+0.0%	+17.0%	-39.4%	+8.5%	+27.1%	+875.8%
YoY Change	—	—	—	—	-25.3%	-20.6%	—	—	-40.7%	-44.2%	+9.8%	-20.9%	-23.1%	-2.2%	+715.5%

Range$129.00K – $1.74M

CAGR+51.0%

Avg YoY Growth+60.9%

Median YoY Growth-20.9%

Current Streak3 quarters growth

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Frequently Asked Questions

What is Franklin BSP Realty Trust's conduit — less: interest expense?: Franklin BSP Realty Trust (FBRT) reported conduit — less: interest expense of $1.74M in Q1 2026.
How has Franklin BSP Realty Trust's conduit — less: interest expense changed year-over-year?: Franklin BSP Realty Trust's conduit — less: interest expense increased by 715.5% year-over-year, from $213.00K to $1.74M.
What is the long-term trend for Franklin BSP Realty Trust's conduit — less: interest expense?: Over 2 years (2022 to 2025), Franklin BSP Realty Trust's conduit — less: interest expense has grown at a -36.6% compound annual growth rate (CAGR), from $1.64M to $660.00K.
What does conduit — less: interest expense mean?: The total interest paid on debt used to fund the conduit segment's activities.