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

Franklin BSP Realty Trust (FBRT) reported private label — UPB of $25.77B in Q2 2026.

What does private label — UPB mean?

This metric represents the total Unpaid Principal Balance (UPB) of commercial real estate debt assets held within the Private Label segment. It serves as a primary indicator of the scale and capital deployment volume of the company's proprietary lending activities. Monitoring this balance helps investors assess the segment's market footprint and the total exposure to underlying commercial real estate collateral.

Franklin BSP Realty Trust (FBRT) Private Label — UPB

Screener

Other product segments

Benefit Street Partners

$10.91B—

Freddie Mac

$9.07B—

Fannie Mae

$7.94B—

Ginnie Mae

$5.27B—

Affordable

$481M—

Bridge

$401M—

Similar metrics at other companies

CPSSPrincipal Amount Outstanding Of Loans Held In Portfolio

$3.15B+11.2%

OPRTPrincipal Amount Outstanding Of Loans Held In Portfolio

$2.65B-0.9%

FOAUPB

$5.8M-48.8%

ABRStructured Business — UPB

$4.77B+51.7%

SEATPrivate Label — Revenue

$8.81M-64.0%

BUDAPrivate Label Other — Revenue

$1.73M+44.2%

Other financials

Income statement

See full

Revenue$65.3M+32.5%

Net income$15.6M-32.9%

EPS (diluted)$0.12-36.8%

Balance sheet

See full

Cash & equivalents$136.3M-67.1%

Total debt$9.5M—

Total equity$1.4B-7.8%

Total assets$6.4B+13.4%

Cash flow

See full

Operating cash flow-$54.0M-146%

Valuation

See full

Market cap$626.99M-29.6%

Enterprise value$500.14M—

P/E10×+1.9×

P/S2.1×-2.3×

Profitability

See full

Net margin20.5%-32.9pp

Returns & leverage

See full

Return on equity4.4%-2.9pp

Debt / equity0×—

Where this comes from

Reported directly by Franklin BSP Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:PrincipalAmountOutstandingOfLoansHeldInPortfolio.

The source filing: Franklin BSP Realty Trust’s 10-Q, filed July 29, 2026.

Filed: Jul 29, 2026, 4:59 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001562528-26-000024

Line item	June 30, 2026 / UPB	June 30, 2026 / % of Total	June 30, 2026 / Annualized Effective Service Fee Rate	December 31, 2025 / UPB	December 31, 2025 / % of Total	December 31, 2025 / Annualized Effective Service Fee Rate
Fannie Mae	$7,935	13%	0.41%	$7,860	16%	0.42%
Ginnie Mae	5,268	9%	0.31%	5,125	11%	0.35%
Freddie Mac	9,074	15%	0.13%	8,649	18%	0.15%
Bridge	401	1%	0.09%	836	2%	0.16%
Affordable	481	1%	0.13%	425	1%	0.26%
Benefit Street Partners(1)	10,909	18%	0.17%	130	—	0.06%
Private Label	25,770	43%	0.04%	24,821	52%	0.04%
Total/Weighted Average	$59,838	100%	0.15%	$47,846	100%	0.14%

Cover / Front Matter

FAQ

What is Franklin BSP Realty Trust's private label — UPB?: Franklin BSP Realty Trust (FBRT) reported private label — UPB of $25.77B in Q2 2026.
What does private label — UPB mean?: This metric represents the total Unpaid Principal Balance (UPB) of commercial real estate debt assets held within the Private Label segment. It serves as a primary indicator of the scale and capital deployment volume of the company's proprietary lending activities. Monitoring this balance helps investors assess the segment's market footprint and the total exposure to underlying commercial real estate collateral.