secwatch.observer — SEC 8-K summary
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Issuer:     BrightSpire Capital, Inc. (BRSP)
CIK:        0001717547
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001717547-26-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BrightSpire Capital Q4 GAAP loss $0.12/sh; adj. distributable earnings $0.15/sh
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- GAAP net loss Q4 $14.4M ($0.12/sh); full-year loss $31.1M ($0.26/sh).
- Adjusted Distributable Earnings Q4 $19.3M ($0.15/sh); full-year $83.6M ($0.64/sh).
- GAAP book value $7.30/sh, undepreciated book value $8.44/sh as of Dec 31, 2025.
- CEO notes strongest originations since restart; new CRE CLO closed; REO/watchlist resolutions accelerated.
- Distributable Loss Q4 $35.5M ($0.28/sh); full-year loss $17.5M ($0.13/sh).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000005/0001717547-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000005/brsp-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001717547-26-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer