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BrightSpire Capital (BRSP) Stock News

BRSP NYSE

BrightSpire Capital reports news as an internally managed commercial real estate credit REIT focused on originating, acquiring, financing and managing a portfolio of CRE debt investments and net leased properties, primarily in the United States. Its recurring updates center on quarterly earnings, distributable earnings, book value, loan originations, portfolio deployment, watch list and REO resolutions, and financing activity tied to first mortgage loans.

Company announcements also cover Class A common stock dividends and tax treatment, annual meeting and proxy-related matters, and commercial real estate CLO transactions used to finance mortgage-loan collateral. The company is organized as a Maryland corporation and is taxed as a REIT for U.S. federal income tax purposes.

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BrightSpire Capital (NYSE: BRSP) will release its third-quarter 2026 financial results after the market closes on October 27, 2026.

The company will discuss the results on a conference call on October 28, 2026, at 10:00 a.m. ET / 7:00 a.m. PT. A live webcast will be accessible through the Shareholders section of its website, where it will remain available for 90 days.

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BrightSpire Capital (BRSP) has priced BRSP 2026-FL4, a $960 million managed commercial real estate CLO on September 18, 2026. The deal is scheduled to close on October 16, 2026 and is expected to place approximately $844.8 million of investment grade securities with institutional investors, providing non-recourse, non-mark-to-market term financing.

The CLO is backed by interests in 29 first-lien floating-rate mortgages on 38 properties, with an 88.00% initial advance rate and a weighted average coupon of Term SOFR+1.54% at issuance, before costs. Collateral spans 11 states and is primarily multifamily (94.2%) and industrial (5.8%), all loans originated by BrightSpire subsidiaries. The structure includes a 30‑month reinvestment period and about $99 million for ramp-up. Senior notes are rated “AAA” by Fitch and DBRS. BrightSpire will also redeem its BRSP 2024-FL2 securitization on October 19, 2026.

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BrightSpire Capital (BRSP) declared a cash dividend of $0.16 per share on its Class A common stock for the quarter ending September 30, 2026. The dividend will be paid on October 14, 2026, to stockholders of record as of September 30, 2026.

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BrightSpire Capital (NYSE: BRSP) reported second quarter 2026 GAAP net loss attributable to common stockholders of ($18.3) million, or ($0.15) per share. The Company generated Distributable Earnings of $15.8 million ($0.12 per share) and Adjusted Distributable Earnings of $16.8 million ($0.13 per share).

As of June 30, 2026, BrightSpire reported GAAP net book value of $6.81 per share and undepreciated book value of $8.10 per share. Management highlighted the largest quarterly share buyback in the Company’s history, positive net loan originations, and a net reduction in watch list exposure. The Company entered into a contract to sell a triple net lease asset to further rotate capital from owned real estate equity into first mortgage loans.

BrightSpire closed $319 million of committed loan originations in the quarter and an additional $295 million closed or in execution after quarter end, bringing the loan book to approximately $2.9 billion, which BrightSpire said is up over 20% year-over-year. The Board declared a $0.16 per share quarterly cash dividend for Q2 2026, paid on July 15, 2026, to stockholders of record on June 30, 2026. A Q2 2026 supplemental financial report and conference call on July 29, 2026, provide further detail.

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BrightSpire Capital (NYSE: BRSP) will release its second quarter 2026 financial results on Tuesday, July 28, 2026, after market close. A conference call to discuss the results will be held on Wednesday, July 29, 2026 at 10:00 a.m. ET.

The call is accessible by telephone and webcast via the company’s shareholder website, with a replay available through August 5, 2026.

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BrightSpire Capital (NYSE: BRSP) declared a quarterly dividend of $0.16 per share of Class A common stock for the quarter ending June 30, 2026. The dividend is payable on July 15, 2026 to shareholders of record on June 30, 2026.

BrightSpire Capital is an internally managed commercial real estate credit REIT focused primarily on first mortgage loans in the United States. The company also outlines extensive risk factors that could affect earnings, liquidity, and its ability to sustain dividends.

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BrightSpire Capital (NYSE: BRSP) announced that CEO Mike Mazzei and senior management will join a fireside chat at Nareit’s REITweek 2026 Investor Conference on June 2, 2026, at 9:30 a.m. ET in New York.

A live audio webcast and replay will be accessible via the Company’s website.

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BrightSpire Capital (NYSE: BRSP) reported Q1 2026 GAAP net income attributable to common stockholders of $4.8 million ($0.03/sh), Distributable Earnings of $15.6 million ($0.12/sh) and Adjusted Distributable Earnings of $18.2 million ($0.14/sh). GAAP net book value was $7.05 and undepreciated book value $8.24 per share as of March 31, 2026.

The company closed $311 million of committed capital and had $283 million in-execution. Board declared a $0.16 quarterly dividend and authorized a $50 million stock repurchase program through April 30, 2027.

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BrightSpire Capital (NYSE: BRSP) will release first quarter 2026 results on April 28, 2026 after market close and host a conference call on April 29, 2026 at 10:00 a.m. ET.

Listeners can join by telephone, webcast via the Shareholders section at www.brightspire.com, or access a replay available April 29–May 6, 2026.

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BrightSpire Capital (NYSE: BRSP) declared a quarterly dividend of $0.16 per share for the quarter ending March 31, 2026. The dividend is payable on April 15, 2026 to stockholders of record as of March 31, 2026.

BrightSpire Capital is an internally managed CRE credit REIT focused on originating and managing primarily first mortgage loans and net leased properties in the United States.

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FAQ

What is the current stock price of BrightSpire Capital (BRSP)?

BrightSpire Capital (BRSP) last closed at $3.66.

What is the market cap of BrightSpire Capital (BRSP)?

The market cap of BrightSpire Capital (BRSP) is approximately $463.1M.