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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Franklin BSP Realty Trust's selling, general, & admin. expense for the
three
months ended in Jun. 2026 was $38.7 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was $176.3 Mil.
Franklin BSP Realty Trust (NYSE:FBRT) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Franklin BSP Realty Trust Selling, General, & Admin. Expense Related Terms
Franklin BSP Realty Trust Selling, General, & Admin. Expense Historical Data
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The historical data trend for Franklin BSP Realty Trust's Selling, General, & Admin. Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Franklin BSP Realty Trust Selling, General, & Admin. Expense Chart
FBRT vs RWT, TRTX, BRSP: Selling, General, & Admin. Expense Comparison
For the REIT - Mortgage subindustry, Franklin BSP Realty Trust's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Franklin BSP Realty Trust Selling, General, & Admin. Expense vs REITs Industry
For the REITs industry and Real Estate sector, Franklin BSP Realty Trust's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Franklin BSP Realty Trust's Selling, General, & Admin. Expense falls into.
Franklin BSP Realty Trust Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $176.3 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Selling, General, & Admin. Expense of $176.3 Mil mean?
Franklin BSP Realty Trust (FBRT) has a Selling, General, & Admin. Expense of $176.3 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Franklin BSP Realty Trust and its competitors.
Is Franklin BSP Realty Trust's Selling, General, & Admin. Expense too high?
Franklin BSP Realty Trust's current Selling, General, & Admin. Expense is $176.3 Mil. Overall, Franklin BSP Realty Trust has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franklin BSP Realty Trust's Selling, General, & Admin. Expense compare to RWT and TRTX?
Franklin BSP Realty Trust's Selling, General, & Admin. Expense of $176.3 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Franklin BSP Realty Trust and its competitors. Franklin BSP Realty Trust's current Selling, General, & Admin. Expense is $176.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin BSP Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Franklin BSP Realty Trust (FBRT) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.47, compared to a current price of $8.01 — trading 23.5% below its estimated fair value. The current Selling, General, & Admin. Expense is $176.3 Mil. Franklin BSP Realty Trust's overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Franklin BSP Realty Trust (FBRT), the current Selling, General, & Admin. Expense is $176.3 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Franklin BSP Realty Trust (FBRT) Overvalued in 2026?
Based on GuruFocus' analysis, Franklin BSP Realty Trust stock appears to be undervalued.
The current stock price of $8.01 is trading 23.5% below its estimated GF Value™ of $10.47.
GuruFocus considers Franklin BSP Realty Trust to be Modestly Undervalued.
Key valuation signals for FBRT:
Selling, General, & Admin. Expense: $176.3 Mil
GF Value™: $10.47 vs. price of $8.01 (23.5% below fair value)
No single metric tells the full story. See the FBRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Franklin BSP Realty Trust Inc is a private real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt, and first mortgage loans. secured by properties located in the United States. The Company's operations are organized into two business units: (i) Commercial Real Estate Financing, and (ii) Agency Business. Its four reporting segments are as follows: The real estate debt business, The Agency Business, The commercial real estate conduit business, and The real estate owned business.
69GF Score
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