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.
“The Company reported first quarter 2026 GAAP net income attributable to common stockholders of $4.8 million, or $0.03 per share”
Debt Financings
BrightSpire Capital, Inc. incurred credit facility of up to $250.0 million with JPMorgan Chase Bank, National Association at term secured overnight financing rate with a tenor of one-month, plus a spread maturing March 12, 2029.
“with JPMorgan Chase Bank, National Association (“JPM”). The Repurchase Agreement provides up to $250.0 million to finance first mortgage loans”
Material Agreements
BrightSpire Capital, Inc. entered into Guarantee Agreement with JPMorgan Chase Bank, National Association valued at partial recourse guaranty up to 25% of total amount due (effective 2026-03-12).
“BrightSpire Capital Operating Company, LLC (“Guarantor”) entered into a Guarantee Agreement with JPM (the “Guarantee”) on March 12, 2026, under which Guarantor agreed to a partial recourse guaranty of Seller’s payment and performance obligations under the Repurchase Agreement.”
Material Agreements
BrightSpire Capital, Inc. entered into Master Repurchase Agreement with JPMorgan Chase Bank, National Association valued at $250,000,000 (effective 2026-03-12).
“On March 12, 2026, BrightSpire Credit 9, LLC (“Seller”), an indirect subsidiary of BrightSpire Capital, Inc. (the “Company”), entered into a Master Repurchase Agreement (the “Repurchase Agreement”) with JPMorgan Chase Bank, National Association (“JPM”).”
Debt Financings
BrightSpire Capital, Inc. incurred senior notes of $544,350,00 with Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and Barclays Capital Inc. maturing August 2043.
“Principal or Notional Amount of all Securities Ratings (Moody’s/KBRA) Initial Weighted Average Life of Notes (1) Fully Extended Weighted Average of Notes (2) Class A Notes $ 544,350,00 57.000 Aaa(sf) / AAA(sf) 2.98 years 4.63 years Class A-S Notes $ 102,662,00 10.750 NR / AAA(sf) 3.81 years 4.93 years Class B Notes $ 60,881,00 6.375 NR / AA-(sf) 4.42 years 5.01”
Material Agreements
BrightSpire Capital, Inc. entered into Indenture with BRSP 2026-FL3 Ltd., BRSP 2026-FL3, LLC, BrightSpire Capital Advancing Agent, LLC, Wilmington Trust, National Association, Computershare Trust Company, National Association valued at Issuance of $544,350,000 Class A Notes, $102,662,000 Class A-S Notes, $60,881,000 Class B Notes, $59 (effective 2026-02-17).
“On February 17, 2026 (the “CLO Closing Date”), BrightSpire Capital, Inc. (the “Company”) entered into a collateralized loan obligation (the “CLO”) through its subsidiary real estate investment trust, BrightSpire Capital Mortgage Sub-REIT, LLC (“Sub-REIT”), and two wholly-owned subsidiaries of Sub-REIT, BRSP 2026-FL3 Ltd., a newly formed exempted company incorporated with limited liability under the laws of the Cayman Islands, as issuer (the “Issuer”), and BRSP 2026-FL3, LLC, a Delaware limited liability company, as co-issuer (the “Co-Issuer” and together with the Issuer, the “CLO Issuers”).”
Debt Financings
BrightSpire Capital, Inc. amended revolving credit of $120,000,000 with JPMorgan Chase Bank, N.A. at Term SOFR rate plus 2.25% or base rate plus 1.25% maturing December 8, 2028.
“Amendment No. 1 to Amended and Restated Credit Agreement On December 9, 2025, BrightSpire Capital Operating Company, LLC (“BrightSpire OP”) (together with certain subsidiaries of BrightSpire OP from time to time party thereto as borrowers, collectively, the “Borrowers”) entered into an Amendment No. 1 to that certain Amended and Restated Credit Agreement (the “Amended Credit Agreement”), dated as of January 28, 2022, with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and the several lenders from time to time party thereto (the “Lenders”), pursuant to which Amended Credit Agreement the Lenders agreed to provide a revolving credit facility in the aggregate principal amount of up to $120.0 million, of which up to $25.0 million is available as letters of credit.”
Shareholder Votes
BrightSpire Capital, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-16 meeting.
“Proposal 3 — Ratification of Appointment of Independent Registered Public Accounting Firm The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, by the following vote: For Against Abstentions Broker Non-Votes 96,821,072 810,429 188,362 0”
Shareholder Votes
BrightSpire Capital, Inc. shareholders approved Approval (on an advisory, non-binding basis) of Executive Compensation at the 2024-05-16 meeting.
“Proposal 2 — Approval (on an advisory, non-binding basis) of Executive Compensation The Company’s stockholders approved (on an advisory, non-binding basis) the compensation of the Company’s named executive officers as of December 31, 2023 as described in the Compensation Discussion and Analysis and executive compensation tables of the proxy statement for the Annual Meeting. The table below sets forth the voting results for this proposal: For Against Abstentions Broker Non-Votes 69,370,153 2,207,450 889,452 25,352,808”
Shareholder Votes
BrightSpire Capital, Inc. shareholders approved Election of Directors at the 2024-05-16 meeting.
“Proposal 1 — Election of Directors The following persons comprising the entire Board of Directors of the Company were duly elected as directors of the Company to serve until the Company’s 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified, by the following vote: Nominee For Withheld Abstentions Broker Non-Votes Catherine D. Rice 71,335,167 956,423 175,465 25,352,808”
Earnings Releases
BrightSpire Capital, Inc. reported first quarter ended March 31, 2024 results: net income ($57.1) million, or ($0.45) per share, EPS ($0.45) per share.
“The Company reported first quarter 2024 GAAP net loss attributable to common stockholders of ($57.1) million, or ($0.45) per share, Distributable Earnings of $22.5 million, or $0.17 per share, and Adjusted Distributable Earnings of $29.7 million, or $0.23 per share.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.