BrightSpire Capital Q2 GAAP net loss $0.15/share; adjusted distributable earnings $0.13/share

BrightSpire Capital, Inc.

GAAP net loss of $18.3M ($0.15/share); Distributable Earnings $15.8M ($0.12/share); Adjusted Distributable Earnings $16.8M ($0.13/share).
GAAP book value $6.81/share; undepreciated book value $8.10/share as of June 30, 2026.
Largest quarterly share buyback in company history; positive net loan originations; net reduction in watch list exposure.
Q2 loan originations $319M committed; additional $295M closed or in-execution post-quarter; loan book ~$2.9B, up 20% YoY.
Contract for sale of triple net lease asset to rotate capital into first mortgage loans.

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