Highest-materiality recent filing
BrightSpire Capital Q2 GAAP net loss $0.15/share; adjusted distributable earnings $0.13/share
GAAP net loss of $18.3M ($0.15/share); Distributable Earnings $15.8M ($0.12/share); Adjusted Distributable Earnings $16.8M ($0.13/share).
BrightSpire agrees to sell two industrial properties for $300M by Sept 2026
Total consideration $300M, subject to adjustments; expected close by September 14, 2026.
BrightSpire Q1 GAAP net income $4.8M; deploys $311M, watch list down 39%
GAAP net income $4.8M ($0.03/shr); Distributable Earnings $15.6M ($0.12/shr); Adjusted Distributable Earnings $18.2M ($0.14/shr).
BrightSpire Capital enters $250M repurchase facility with JPMorgan for CRE loans
Facility provides up to $250M to finance first mortgage loans, senior participations, and mezzanine loans secured by CRE.
BrightSpire Capital closes $955M CLO 2026-FL3 with eight note classes and preferred shares
CLO issued eight note tranches totaling $883.4M and $71.6M in preferred shares on Feb 17, 2026.
BrightSpire Capital Q4 GAAP loss $0.12/sh; adj. distributable earnings $0.15/sh
GAAP net loss Q4 $14.4M ($0.12/sh); full-year loss $31.1M ($0.26/sh).
BrightSpire reduces net worth covenant to $900M, expands Wells facility to $500M
Wells facility increased from $400M to $500M (upsize to $600M subject to approval).
BrightSpire Capital extends revolving credit facility to Dec 2028; maintains $120M capacity
Revolving termination date extended to December 8, 2028; aggregate commitment remains $120M with $25M LC sublimit.
BrightSpire Capital Q2 GAAP net loss $23.1M, ADE $22.9M covers dividend
GAAP net loss $23.1M ($0.19/share); Adjusted Distributable Earnings $22.9M ($0.18/share).
BrightSpire Q4 GAAP net loss $19.7M, Distributable Earnings $13.7M
Q4 2024 GAAP net loss $19.7M ($0.16/sh); Distributable Earnings $13.7M ($0.11/sh); Adjusted DE $23.7M ($0.18/sh).
BrightSpire Capital Q3 GAAP NI $12.7M ($0.10/shr); Adj Distributable Earnings $0.21/shr
GAAP net income $12.7M ($0.10/shr) vs prior periods; Distributable Earnings $17.9M ($0.14/shr).
Issued $632.8M notes (Classes A-G) and $42.2M preferred shares via BRSP 2024-FL2 CLO.
BrightSpire Q2 GAAP net loss $67.9M; dividend cut to $0.16/share
GAAP net loss to common stockholders of ($67.9M), or ($0.53) per diluted share.
GAAP net loss attributable to common stockholders of $57.1M ($0.45 per share) for Q1 2024.
BrightSpire Q4 GAAP net loss $16.3M, Distributable Earnings $25.4M
Q4 GAAP net loss ($0.13) per share; Distributable Earnings $0.20 per share; Adjusted Distributable Earnings $0.28 per share.
BrightSpire Capital Q2 2023 GAAP net loss $7.5M; Distributable Earnings $21.1M
GAAP net loss attributable to common stockholders of $7.5M ($0.06 per share) for Q2 2023.
BrightSpire Capital Q1 GAAP net loss $0.03/shr; Adj. Distributable Earnings $0.27/shr
GAAP net loss attributable to common stockholders of $4.1M, or $0.03 per share.
Selling stockholder (DigitalBridge affiliate) to sell 30.4M shares, plus 4.6M option, at $6.00/share.
Q4 2022 GAAP net income attributable to common stockholders was $4.2 million, or $0.03 per share.
BrightSpire Capital Q3 GAAP net loss $0.16/sh; adj distributable earnings $0.25/sh; div $0.20
GAAP net loss attributable to common stockholders of $(20.5)M, or $(0.16) per share.
BrightSpire Capital Q1 GAAP net income $0.21/shr, distributable earnings $0.22/shr
GAAP net income $27.7M ($0.21/shr); Adjusted Distributable Earnings $28.8M ($0.22/shr).
BrightSpire Capital Q4 Adj DE $0.27/share; appoints Andrew Witt as President
GAAP net income $81.0M ($0.63/share); Adjusted DE $36.1M ($0.27/share).
BrightSpire Capital subsidiary enters $165M credit facility, replaces $300M maturing facility
New $165M revolving credit facility with $25M letter of credit sublimit, can increase to $300M.
Co-invest portfolio sale and preferred financing payoff now projected to increase GAAP book value by $0.20 per share (down $0.33 from prior $0.53).
BrightSpire Q3 GAAP net loss $(0.54)/share; adj earnings $0.26; dividend raised to $0.18
GAAP net loss attributable to common stockholders of $(70.1)M ($(0.54)/share).
BrightSpire Capital secondary offering of 9.5M shares at $9.00 by DigitalBridge affiliate
Selling stockholder (DigitalBridge affiliate) to sell 9,487,500 shares at $9.00 per share.
BrightSpire Capital Q2 net loss $0.15/sh, $0.20/sh adjusted; dividend raised to $0.16
GAAP net loss of $19.7M ($0.15/sh); adjusted distributable earnings of $27.0M ($0.20/sh).
BrightSpire closes $856M CLO; retains $130M in subordinated notes and preferred
Total securities issuance of $856M: $800M notes (Class A-G) and $56M preferred shares.
On February 16, 2022, the board of directors of the Company approved the appointment of Andrew E. Witt as President of the Company, effective February 22, 2022.
Michael J. Mazzei will no longer serve as President and will continue as Chief Executive Officer and member of the board of directors of the Company.
On December 1, 2021, the Board of Directors (the “Board”) of BrightSpire Capital, Inc. (the “Company”) increased the size of the Board from six to seven members and appointed Catherine Long to the Board and audit committee of the Board, effective December 1, 2021.
On October 13, 2021, the Board of Directors (the “Board”) of BrightSpire Capital, Inc. (the “Company”) increased the size of the Board from five to six members and appointed Kim S. Diamond to the Board, effective October 13, 2021.
Max materiality 0.90 · Median 0.60 · Most common event earnings