Franklin BSP Realty Trust G&A decreased by 12.2% to $2.33M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 30.3%, from $3.35M to $2.33M. Over 3 years (FY 2022 to FY 2025), G&A shows relatively stable performance with a 1.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising G&A as a percentage of revenue may indicate organizational bloat, while stability suggests effective cost management.
General and administrative expenses cover the overhead costs of running the business, including executive salaries, lega...
Standard operating expense category; used to assess administrative leverage.
general_and_administrative| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.08M | $2.98M | $3.35M | $3.05M | $3.00M | $3.53M | $4.03M | $3.40M | $3.57M | $3.45M | $2.86M | $704.00K | $3.80M | $2.34M | $3.35M | $3.88M | $3.46M | $2.66M | $2.33M |
| QoQ Change | — | -3.2% | +12.5% | -9.1% | -1.5% | +17.5% | +14.3% | -15.7% | +4.9% | -3.3% | -17.0% | -75.4% | +439.9% | -38.4% | +43.0% | +16.0% | -11.0% | -23.0% | -12.2% |
| YoY Change | — | — | — | -1.0% | +0.7% | — | +20.2% | +11.5% | +18.8% | -2.2% | -29.0% | -79.3% | +6.6% | -32.1% | +17.1% | +451.7% | -9.1% | +13.5% | -30.3% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Real Estate Debt and Other Real Estate Investments | -$351.00K | $2.37M | $1.07M | $2.12M | $2.94M | $2.33M | $1.17M | $1.37M |
| Conduit | $1.06M | $1.43M | $1.27M | $1.23M | $949.00K | $878.00K | — | $905.00K |
| Agency Business | — | — | — | — | — | $247.00K | — | $57.00K |
| Real Estate Owned | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $704.00K | $3.80M | $2.34M | $3.35M | $3.88M | $3.46M | $2.66M | $2.33M |