---
schema_version: "secwatch.filing_event.v1"
accession: "0001717547-22-000004"
form_type: "8-K"
ticker: "BRSP"
cik: "0001717547"
company_name: "BrightSpire Capital, Inc."
filed_at: "2022-01-20T23:59:59+00:00"
generated_at: "2026-06-27T16:51:57.506158+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BRSP lowers projected book value increase from co-invest sale by $0.33; now $0.20 GAAP / $0.35 undep.

## Summary
- Co-invest portfolio sale and preferred financing payoff now projected to increase GAAP book value by $0.20 per share (down $0.33 from prior $0.53).
- Undepreciated book value increase projected at $0.35 per share (down $0.33 from prior $0.68).
- Adjustment reflects finalization of year-end accounting for the co-invest portfolio sale and preferred financing payoff.
- Fourth quarter 2021 results to be reported in upcoming Form 10-K for year ended December 31, 2021.

## SEC filing metadata
- accession: 0001717547-22-000004
- form_type: 8-K
- ticker: BRSP
- cik: 0001717547
- company_name: BrightSpire Capital, Inc.
- filed_at: 2022-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717547/000171754722000004/0001717547-22-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717547/000171754722000004/brsp-20220120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717547-22-000004
- JSON: https://secwatch.observer/filing/0001717547-22-000004.json
- Plain text: https://secwatch.observer/filing/0001717547-22-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.