earnings
confidence high
sentiment neutral
materiality 0.60
BrightSpire Q1 GAAP net income $4.8M; deploys $311M, watch list down 39%
BrightSpire Capital, Inc.
2026-Q1 EPS
reported $0.03
vs consensus $0.16
▼ miss
(-81.6%)
- GAAP net income $4.8M ($0.03/shr); Distributable Earnings $15.6M ($0.12/shr); Adjusted Distributable Earnings $18.2M ($0.14/shr).
- Net book value $7.05/shr, undepreciated book value $8.24/shr as of March 31, 2026.
- Closed $311M in committed capital in Q1; $283M in-execution; watch list reduced ~39% year-to-date.
- CEO highlights portfolio de-risking with stable CECL reserves and continued resolution of REO/watch list loans.