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Stock impact report

BrightSpire Capital, Inc. Announces First Quarter 2026 Financial Results

BrightSpire Capital, Inc. Class A (BRSP) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the first quarter 2026 and certain updates. The Company reported first quarter 2026 GAAP net income attributable to common stockholders of $4.8 million, or $0.03 per share, Distributable Earnings of $15.6 million, or $0.12 per share, and Adjusted Distributable Earnings of $18.2 million, or $0.14 per share. The Company reported GAAP net book value of $7.05 per share and undepreciated book value of $8.24 per share as of March 31, 2026.Michael J. Mazzei, Chief Executive Officer, commented, “We had a productive start to 2026 highlighted by positive net deployment year-to-date, with $311 million of committed capital closed during the first quarter and subsequent as well as $283 million in-execution. We also had stability in our CECL reserves quarter over quarter. Most importantly, we reduced our watch list by approximately 39% year to date Show less Read more
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