Earnings ·
BrightSpire Capital, Inc. reported a GAAP net loss of $18.3 million, or $0.15 per share, for the second quarter ended…
BRSPBrightSpire Capital, Inc.
BrightSpire Capital, Inc. reported a GAAP net loss of $18.3 million, or $0.15 per share, for the second quarter ended June 30, 2026. The company generated Distributable Earnings of $15.8 million ($0.12 per share) and Adjusted Distributable Earnings of $16.8 million ($0.13 per share). The loan portfolio grew 20% year-over-year to approximately $2.9 billion, with $319 million in new capital commitments during the quarter and an additional $295 million closed or in-execution subsequently. The company repurchased 3.8 million shares for $21.0 million, marking its largest quarterly buyback. GAAP net book value stood at $6.81 per share, while undepreciated book value was $8.10 per share. The company operates in the commercial real estate credit sector, originating and managing a diversified portfolio of CRE debt investments.