Here are the 10-K annual reports from BrightSpire Capital, Inc. (BRSP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BRSP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BRSP filings page.
BrightSpire Capital, Inc. is an internally managed commercial real estate credit REIT focused primarily on originating and acquiring senior mortgage loans on commercial properties, complemented by mezzanine loans, preferred equity and select net leased real estate.
The company targets flexible, cycle-aware CRE lending with an emphasis on first-lien senior loans but may also invest in CMBS, CDOs and CRE CLOs. As of June 30, 2025, non-affiliate equity market value was approximately $650.6 million, and as of February 17, 2026, it had 128,627,246 Class A common shares outstanding.
BrightSpire funds its portfolio through multiple facilities, including an up to $120 million secured revolving credit facility, up to approximately $2.1 billion in secured revolving repurchase facilities, $982.1 million in non-recourse securitization financing, $382.2 million in commercial mortgages and $34.1 million in other asset-level financing as of December 31, 2025. It operates as a REIT and structures its subsidiaries to avoid registration under the Investment Company Act while managing extensive real estate, credit, interest rate, liquidity, regulatory and tax risks detailed in its risk factors.