---
schema_version: "secwatch.filing_event.v1"
accession: "0001717547-24-000041"
form_type: "8-K"
ticker: "BRSP"
cik: "0001717547"
company_name: "BrightSpire Capital, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:04:12.498225+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BrightSpire Capital Q1 2024 GAAP net loss of $57.1M ($0.45/share); distributable earnings $0.17/share

## Summary
- GAAP net loss attributable to common stockholders of $57.1M ($0.45 per share) for Q1 2024.
- Distributable Earnings of $22.5M ($0.17 per share); Adjusted Distributable Earnings of $29.7M ($0.23 per share).
- GAAP net book value per share: $9.10; undepreciated book value per share: $10.67 as of March 31, 2024.
- CEO Michael J. Mazzei noted continued focus on balance sheet and maintaining ample liquidity until market conditions improve.

## SEC filing metadata
- accession: 0001717547-24-000041
- form_type: 8-K
- ticker: BRSP
- cik: 0001717547
- company_name: BrightSpire Capital, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717547/000171754724000041/0001717547-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717547/000171754724000041/brsp-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717547-24-000041
- JSON: https://secwatch.observer/filing/0001717547-24-000041.json
- Plain text: https://secwatch.observer/filing/0001717547-24-000041.txt

## Key facts
- Earnings Releases
  BrightSpire Capital, Inc. reported first quarter ended March 31, 2024 results: net income ($57.1) million, or ($0.45) per share, EPS ($0.45) per share.
  - Period: first quarter ended March 31, 2024
  - Net income: ($57.1) million, or ($0.45) per share
  - EPS: ($0.45) per share
  - Result: reported results
  source text: The Company reported first quarter 2024 GAAP net loss attributable to common stockholders of ($57.1) million, or ($0.45) per share, Distributable Earnings of $22.5 million, or $0.17 per share, and Adjusted Distributable Earnings of $29.7 million, or $0.23 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717547/000171754724000041/0001717547-24-000041-index.htm

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