Every material Form 8-K BrightSpire Capital, Inc. has filed with the SEC since September 16, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
BrightSpire Capital reported third quarter 2026 GAAP net income attributable to common stockholders of $46.9 million, or $0.37 per share, and Distributable Earnings of $10.3 million, or $0.08 per share. GAAP net book value rose to $7.08 per share from $6.81 at June 30, 2026, driven mainly by a gain on the sale of its largest asset and share repurchases, but watch list loans and CECL reserves also increased.
GAAP net book value was $7.08 per share at September 30, 2026, up from $6.81 per share at June 30, 2026.
Adjusted Distributable Earnings were $17.8 million, or $0.14 per share, and the Q3 2026 dividend was $0.16 per share, paid October 14, 2026.
Watch list loans rose to $187 million, or 6% of the loan portfolio, from $136 million, or 5%, at June 30, 2026.
Total CECL reserve was $107 million, or $0.86 per share, at September 30, 2026.
On October 16, 2026, BrightSpire Capital, through a subsidiary, closed a collateralized loan obligation (CLO) that issued notes and preferred shares backed by commercial real estate loans. The filing lists the notes, ratings and maturity, and says proceeds were used to buy an initial loan portfolio and repay pre-closing financings, including repurchase facilities with affiliates of certain placement agents.
Closing date was October 16, 2026; the Class A Notes total $576 million, rated AAAsf by Fitch.
Offered notes run from Class A through Class E, with Class F and Class G notes and 61,200 preferred shares issued at $1,000 liquidation preference per share.
Notes mature at par in April 2044 unless redeemed or repaid earlier.
BRSP 2026-FL4 DRE, LLC, an indirect subsidiary, bought the Class F and G Notes and the preferred shares.
BrightSpire Capital's subsidiaries completed the sale of the Net Lease 1 Investment, two industrial properties in Tolleson, Arizona and Tracy, California, on September 14, 2026, under a purchase agreement dated June 12, 2026. The total consideration was $300.0 million, including $97.9 million in cash net of closing costs, with the rest covered by the buyers assuming existing loans. The filing's pro forma figures show an approximate $60.4 million gain on sale, but these are illustrative and not actual reported results.
Total consideration of $300.0 million: $97.9 million in cash net of closing and other transaction expenses, plus assumed loans.
Buyers assumed a mortgage loan with an original principal amount of $94.0 million and a mezzanine loan with an original principal amount of $106.0 million.
Pro forma statements show an approximate $60.4 million gain on sale and a pro forma net income of $27.7 million for 2025, compared with a historical net loss of $31.1 million attributable to common stockholders.
Pro forma figures assume the sale occurred January 1, 2025, and the filing states they should not indicate future results.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every BrightSpire Capital, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →