secwatch.observer — SEC 8-K summary
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Issuer:     BrightSpire Capital, Inc. (BRSP)
CIK:        0001717547
Form:       8-K
Filed at:   2026-07-28T20:18:43+00:00
Accession:  0001717547-26-000059
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000059/0001717547-26-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000059/brsp-20260728.htm
  HTML page:      https://secwatch.observer/filing/0001717547-26-000059

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