What does agency business — operating expenses, adjusted mean?

The total adjusted operating costs incurred by the agency business segment, excluding non-recurring or non-operational items. This provides a normalized view of the segment's cost structure and operational efficiency.

Franklin BSP Realty Trust FBRT Agency Business — Operating Expenses, Adjusted

Similar metrics at other companies

ABRAgency Business — Operating Expenses

$43.73M+17.0%

CCLAdjusted Operating Costs And Expenses

$4.23B+6.0%

HMNCorporate & Other — Operating Costs And Expenses, Adjusted

$12.5M+9.6%

ABRAgency Business — Selling and administrative

$7.8M+5.7%

HMNSupplemental & Group Benefits — Operating Costs And Expenses, Adjusted

$62.5M+8.5%

BWXTCommercial Operations — Costs and Expenses, Adjusted

$261.51M+115%

Other financials

Income statement

See full

Revenue$74.4M+35.1%

Net income$12.0M-50.2%

EPS (diluted)$0.07-65.0%

Balance sheet

See full

Cash & equivalents$115.6M-46.3%

Total debt$10.0M—

Total equity$1.4B-7.2%

Total assets$6.3B+11.4%

Cash flow

See full

Operating cash flow-$54.0M-146%

Valuation

See full

Market cap$621.86M-31.5%

Enterprise value$516.29M—

P/E8.9×+0.6×

P/S2.2×-2.1×

Profitability

See full

Net margin24.3%-14.5pp

Returns & leverage

See full

Return on equity4.9%-0.6pp

Debt / equity0×—

Where this comes from

Reported directly by Franklin BSP Realty Trust in its filing.

Tagged under the XBRL concept bsprt:OperatingExpensesAdjusted.

The official record: Franklin BSP Realty Trust’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Franklin BSP Realty Trust's agency business — operating expenses, adjusted?: Franklin BSP Realty Trust (FBRT) reported agency business — operating expenses, adjusted of $9.42M in Q1 2026.
What does agency business — operating expenses, adjusted mean?: The total adjusted operating costs incurred by the agency business segment, excluding non-recurring or non-operational items. This provides a normalized view of the segment's cost structure and operational efficiency.