Business Segments · Operating Expenses, Adjusted

Real Estate Owned — Operating Expenses, Adjusted

Franklin BSP Realty Trust Real Estate Owned — Operating Expenses, Adjusted decreased by 0.6% to $5.73M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 36.4%, from $9.00M to $5.73M. Over 3 years (FY 2022 to FY 2025), Real Estate Owned — Operating Expenses, Adjusted shows an upward trend with a 1129.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026Apr 29, 2026

How to read this metric

A decrease indicates improved operational efficiency or better cost control within the segment.

Detailed definition

A non-GAAP measure of the total operating costs for the Real Estate Owned segment, adjusted to exclude specific non-recu...

Peer comparison

Common in REIT reporting; comparable to adjusted operating expense metrics at peer firms.

Metric ID: fbrt_segment_real_estate_owned_operating_expenses_adjusted

Historical Data

17 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$4.25K$4.25K$4.25K$4.25K$991.50K$991.50K$991.50K$991.50K$1.19M$2.30M$4.37M$8.86M$9.00M$9.90M$6.92M$5.76M$5.73M
QoQ Change+0.0%+0.0%+0.0%>999%+0.0%+0.0%+0.0%+19.9%+93.6%+89.8%+102.7%+1.6%+10.0%-30.1%-16.7%-0.6%
YoY Change>999%>999%>999%>999%+19.9%+132.2%+340.7%+793.5%+657.0%+330.1%+58.4%-35.0%-36.4%
Range$4.25K$9.90M
CAGR+505.9%
Avg YoY Growth>999%
Median YoY Growth+340.7%
Current Streak3 quarters decline

Frequently Asked Questions

What is Franklin BSP Realty Trust's real estate owned — operating expenses, adjusted?
Franklin BSP Realty Trust (FBRT) reported real estate owned — operating expenses, adjusted of $5.73M in Q1 2026.
How has Franklin BSP Realty Trust's real estate owned — operating expenses, adjusted changed year-over-year?
Franklin BSP Realty Trust's real estate owned — operating expenses, adjusted decreased by 36.4% year-over-year, from $9.00M to $5.73M.
What is the long-term trend for Franklin BSP Realty Trust's real estate owned — operating expenses, adjusted?
Over 3 years (2022 to 2025), Franklin BSP Realty Trust's real estate owned — operating expenses, adjusted has grown at a 1129.3% compound annual growth rate (CAGR), from $17.00K to $31.58M.
What does real estate owned — operating expenses, adjusted mean?
The core cash operating costs of the real estate owned segment.