What is Franklin BSP Realty Trust's affordable — upb?

Franklin BSP Realty Trust (FBRT) reported affordable — upb of $448M in Q1 2026.

What does affordable — upb mean?

The total outstanding principal amount of loans held within the affordable housing investment segment.

Franklin BSP Realty Trust Affordable — UPB increased by 5.4% to $448M in Q1 2026 compared to the prior quarter.

StatementSegment

CategoryGrowth

SignalContext dependent

VolatilityModerate

First reportedQ3 2025

Last reportedQ1 2026Apr 29, 2026

An increase indicates growth in the affordable housing loan portfolio, while a decrease suggests portfolio runoff or strategic divestment.

This metric represents the total Unpaid Principal Balance (UPB) of the commercial real estate debt portfolio specificall...

Comparable to 'Total Portfolio UPB' or 'Segment-Specific Loan Balance' reported by other commercial mortgage REITs.

Metric ID: fbrt_segment_affordable_upb

3 periods

	Q3 '25	Q4 '25	Q1 '26
Value	$409.07M	$425M	$448M
QoQ Change	—	+3.9%	+5.4%

Range$409.07M – $448M

Current Streak2+ quarters growth

What is Franklin BSP Realty Trust's affordable — upb?: Franklin BSP Realty Trust (FBRT) reported affordable — upb of $448M in Q1 2026.
What does affordable — upb mean?: The total outstanding principal amount of loans held within the affordable housing investment segment.