BrightSpire Capital reports Q3 2026 GAAP net income of $46.9 million, $0.37 per share
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2026.
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.