BrightSpire Capital, Inc. Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤GAAP net income $46.9 million, or $0.37 per share
- ➤Adjusted Distributable Earnings $17.8 million, or $0.14 per share
- ➤Fifth CLO execution lifts CLO liabilities to nearly two-thirds of loan financing
- ➤$272 million of loan originations closed during the quarter
- ➤Loan book approximately $3.1 billion, up over 30% year-over-year
Expert Statements
Michael J. Mazzei, Chief Executive Officer of BrightSpire Capital
“The Company had a productive third quarter despite market volatility and a challenging capital markets backdrop. Highlights include the execution of our fifth CLO and second of 2026. This puts our CLO liabilities at nearly two thirds of our loan portfolio financing. We also closed on the sale of our largest asset, the triple net lease distribution centers and remain focused on further reducing our watchlist and REO exposure.”
Andrew E. Witt, President and Chief Operating Officer of BrightSpire Capital
“We had a strong quarter of loan originations with $272 million of committed capital closed and an additional $66 million closed or in-execution subsequent to quarter end. We also saw a reduction in REO exposure. As of today, our loan book stands at approximately $3.1 billion, up over 30% year-over-year, while also improving the overall composition of our middle market focused loan portfolio.”
BrightSpire Capital, Inc. Announces Third Quarter 2026 Financial Results
BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the third quarter 2026 and certain updates. The Company reported third quarter 2026 GAAP net income attributable to common stockholders of $46.9 million, or $0.37 per share, Distributable Earnings of $10.3 million, or $0.08 per share, and Adjusted Distributable Earnings of $17.8 million, or $0.14 per share. The Company reported GAAP net book value of $7.08 per share and undepreciated book value of $7.87 per share as of September 30, 2026.
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