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

Franklin BSP Realty Trust (FBRT) reported bridge — upb of $422M in Q1 2026.

What does bridge — upb mean?

The total dollar amount of outstanding principal on all bridge loans currently held by the company.

Bridge — UPB

Franklin BSP Realty Trust Bridge — UPB decreased by 49.5% to $422M in Q1 2026 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.

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 bridge loan portfolio and higher potential interest income, while a decrease may signal portfolio runoff or a more conservative lending strategy.

Detailed definition

The total Unpaid Principal Balance (UPB) represents the aggregate outstanding principal amount of all bridge loans withi...

Peer comparison

Commonly reported by mortgage REITs and specialty finance companies as 'Total Portfolio UPB' or 'Loan Portfolio Size'.

Metric ID: fbrt_segment_bridge_upb

Historical Data

3 periods

	Q3 '25	Q4 '25	Q1 '26
Value	$986.68M	$836M	$422M
QoQ Change	—	-15.3%	-49.5%

Range$422M – $986.68M

Current Streak2+ quarters decline

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Frequently Asked Questions

What is Franklin BSP Realty Trust's bridge — upb?: Franklin BSP Realty Trust (FBRT) reported bridge — upb of $422M in Q1 2026.
What does bridge — upb mean?: The total dollar amount of outstanding principal on all bridge loans currently held by the company.