Quarterly ResultApr 28, 2026, 04:18 PM
BRSP Q1 Adj. Distributable EPS $0.14; Dividend $0.16; Watchlist Loans -59%
AI Summary
BrightSpire Capital, Inc. reported Q1 2026 Adjusted Distributable Earnings of $0.14 per share and GAAP Net Income of $0.03 per share. The company declared a quarterly dividend of $0.16 per share. BRSP significantly reduced its watchlist loans by 59% to $67 million and REO assets by 20% to $267 million (pro forma). The company also closed a $955 million CLO and committed $279 million in new senior loans during the quarter.
Key Highlights
- Q1 2026 Adjusted Distributable Earnings per share: $0.14.
- Q1 2026 GAAP Net Income per share: $0.03.
- Q1 2026 Quarterly Dividend per share: $0.16.
- Watchlist loans decreased by 59% to $67 million (pro forma).
- REO assets decreased by 20% to $267 million (pro forma).
- Closed a $955 million CLO with an 87.25% advance rate.
- Committed $279 million in capital across 7 new senior loans in Q1'26.
- Total liquidity of $206 million, including $58 million unrestricted cash.