BrightSpire Capital reported third quarter 2026 GAAP net income attributable to common stockholders of $46.9 million, or $0.37 per share. Distributable Earnings were $10.3 million ($0.08 per share) and Adjusted Distributable Earnings were $17.8 million ($0.14 per share). The company closed its fifth CLO and sold its largest asset, a triple net lease distribution center. Loan originations totaled $272 million in the quarter with an additional $66 million closed or in-execution subsequently. The loan book stands at approximately $3.1 billion, up over 30% year-over-year. GAAP net book value increased to $7.08 per share and undepreciated book value was $7.87 per share as of September 30, 2026. BrightSpire Capital is a publicly traded commercial real estate credit REIT focused on originating and managing CRE debt investments.
