BrightSpire Capital, Inc. Announces Third Quarter 2026 Financial Results
BrightSpire Capital reported Q3 2026 GAAP net income of $46.9 million, or $0.37 per share, with Adjusted Distributable Earnings of $17.8 million, or $0.14 per share. The loan book grew to approximately $3.1 billion, up over 30% year-over-year, with $272 million of committed capital closed in the quarter and another $66 million closed or in-execution after quarter end. Management highlighted its fifth CLO execution, the sale of its largest asset (a triple net lease distribution center), and continued reduction of watchlist and REO exposure.
Key figures
- Eps
- 0.37
- Loan book
- $3.1 billion
- Gaap net income
- 46900000
- Dividend per share
- 0.16
- Originations closed
- 272000000
- Loan book growth yoy
- up over 30%
- Distributable earnings
- 10300000
- Gaap net book value per share
- 7.08
- Adjusted distributable earnings
- 17800000
- Distributable earnings per share
- 0.08
- Originations subsequent to quarter
- 66000000
- Undepreciated book value per share
- 7.87
- Adjusted distributable earnings per share
- 0.14
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