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BrightSpire Capital, Inc. — Third Quarter 2026 Earnings Summary

  • Reported GAAP net income of $46.9 million ($0.37/share) and Adjusted Distributable Earnings of $17.8 million ($0.14/share), while the loan book grew over 30% year-over-year to approximately $3.1 billion.
  • Executed key strategic transactions including the closure of the fifth CLO and second CLO of 2026, alongside the sale of the company's largest asset (triple net lease distribution centers).
  • Demonstrated strong capital deployment with $272 million in committed capital closed during the quarter and an additional $66 million closed or in-execution subsequent to quarter-end.
  • Management remains focused on reducing watchlist and REO exposure, executing CLO liability reductions, and improving the middle market loan portfolio composition amidst a volatile capital markets backdrop.
  • Board declared a quarterly cash dividend of $0.16 per share for Class A common stock, payable October 14, 2026.
Company
BRIGHTSPIRE CAPITAL INC
Sector
Real Estate
Industry
REIT - Diversified