What is Franklin BSP Realty Trust's private label — upb?

Franklin BSP Realty Trust (FBRT) reported private label — upb of $25.22B in Q1 2026.

What does private label — upb mean?

The total outstanding principal amount of loans managed within the Private Label portfolio.

Private Label — UPB

Franklin BSP Realty Trust Private Label — UPB increased by 1.1% to $25.22B in Q1 2026 compared to the prior quarter. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryGrowth

SignalHigher is better

VolatilityModerate

First reportedQ3 2025

Last reportedQ1 2026Apr 29, 2026

Rolls up toPrincipal Amount Outstanding Of Loans Held In Portfolio

How to read this metric

An increase indicates growth in the loan portfolio size and capital deployment, while a decrease suggests portfolio runoff or reduced lending activity.

Detailed definition

This metric represents the total Unpaid Principal Balance (UPB) of commercial real estate debt assets held within the Pr...

Peer comparison

Comparable to total loan portfolio size or assets under management (AUM) for specialized commercial real estate lenders.

Metric ID: fbrt_segment_private_label_upb

Historical Data

3 periods

	Q3 '25	Q4 '25	Q1 '26
Value	$25.46B	$24.95B	$25.22B
QoQ Change	—	-2.0%	+1.1%

Range$24.95B – $25.46B

Similar Metrics at Other Companies

Arbor Realty TrustABR View metric

NRZ

New Residential Investment Corp.NRZ View metric

Starwood Property TrustSTWD View metric

Arbor Realty TrustABR View metric

TPG RE Finance Trust, Inc.TRTX View metric

Frequently Asked Questions

What is Franklin BSP Realty Trust's private label — upb?: Franklin BSP Realty Trust (FBRT) reported private label — upb of $25.22B in Q1 2026.
What does private label — upb mean?: The total outstanding principal amount of loans managed within the Private Label portfolio.