---
schema_version: "secwatch.filing_event.v1"
accession: "0001717547-26-000038"
form_type: "8-K"
ticker: "BRSP"
cik: "0001717547"
company_name: "BrightSpire Capital, Inc."
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T02:53:18.939238+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BrightSpire Q1 GAAP net income $4.8M; deploys $311M, watch list down 39%

## Summary
- 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.

## SEC filing metadata
- accession: 0001717547-26-000038
- form_type: 8-K
- ticker: BRSP
- cik: 0001717547
- company_name: BrightSpire Capital, Inc.
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000038/0001717547-26-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000038/brsp-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717547-26-000038
- JSON: https://secwatch.observer/filing/0001717547-26-000038.json
- Plain text: https://secwatch.observer/filing/0001717547-26-000038.txt

## Key facts
- Earnings Releases
  BrightSpire Capital, Inc. reported the first quarter ended March 31, 2026 results: net income $4.8 million, or $0.03 per share, EPS $0.03 per share.
  - Period: the first quarter ended March 31, 2026
  - Net income: $4.8 million, or $0.03 per share
  - EPS: $0.03 per share
  - Result: reported results
  source text: The Company reported first quarter 2026 GAAP net income attributable to common stockholders of $4.8 million, or $0.03 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000038/0001717547-26-000038-index.htm

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