{"schema_version":"secwatch.filing_event.v1","accession":"0001717547-25-000068","form_type":"8-K","ticker":"BRSP","cik":"0001717547","company_name":"BrightSpire Capital, Inc.","filed_at":"2025-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.765184+00:00","generated_at":"2026-05-17T23:45:09.515110+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BrightSpire Capital Q2 GAAP net loss $23.1M, ADE $22.9M covers dividend","bullets":["GAAP net loss $23.1M ($0.19/share); Adjusted Distributable Earnings $22.9M ($0.18/share).","GAAP net book value $7.65, undepreciated book value $8.75; dividend covered by ADE.","Watch list reduced ~50% in Q2; legacy office equity impairments recognized, no impact on undepreciated book.","Positive net loan originations during Q2.","CEO cites meaningful portfolio de-risking and active REO resolution."],"urls":{"canonical":"https://secwatch.observer/filing/0001717547-25-000068","json":"https://secwatch.observer/filing/0001717547-25-000068.json","markdown":"https://secwatch.observer/filing/0001717547-25-000068.md","text":"https://secwatch.observer/filing/0001717547-25-000068.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1717547/000171754725000068/0001717547-25-000068-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1717547/000171754725000068/brsp-20250729.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:45:09.515110+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}