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BrightSpire Capital NYSE: BRSP reported third-quarter 2026 GAAP net income attributable to common stockholders of $46.9 million, or $0.37 per share, while adjusted distributable earnings totaled $17.8 million, or $0.14 per share. Distributable earnings, including specific reserves, were $10.3 million, or $0.08 per share.
BrightSpire Capital, Inc. ( BRSP ) Q3 2026 Earnings Call October 28, 2026 10:00 AM EDT Company Participants David Palamé - Executive VP, General Counsel & Secretary Michael Mazzei - CEO & Director Andrew Witt - President & COO Frank Saracino - Executive VP, CFO & Treasurer Daniel Katz - MD & Head of Originations for Investment Management Matthew Heslin - MD, Chief Credit Officer & Head of Debt Capital Markets Conference Call Participants Gabriel Poggi - Raymond James & Associates, Inc., Research Division William Catherwood - BTIG, LLC, Research Division Timothy D'Agostino - B. Riley Securities, Inc., Research Division Christopher Muller - Citizens JMP Securities, LLC, Research Division Jason Weaver - JonesTrading Institutional Services, LLC, Research Division Gaurav Mehta - Alliance Global Partners, Research Division Presentation Operator Good day, and welcome to the BrightSpire Capital, Inc. Third Quarter 2026 Earnings Conference Call.
BrightSpire (BRSP) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.16 per share a year ago.
NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the third quarter 2026 and certain updates. The Company reported third quarter 2026 GAAP net income attributable to common stockholders of $46.9 million, or $0.37 per share, Distributable Earnings of $10.3 million, or $0.08 per share, and Adjusted Distributable Earnings of $17.8 million, or $0.14 per share. The Company reported GAAP net book value.
A steepening yield curve expands agency mortgage net interest spreads without squeezing dividend cash flow. Equity REIT dividend yields have reset to March 2020 levels despite stable tenant operating fundamentals. Commercial mortgage REITs capture higher interest revenue from floating-rate loans as policy rates edge higher.
Recent sector-wide mortgage REIT selloff, driven by rising long-term interest rates, has pushed BrightSpire Capital to oversold levels. BRSP trades about 26% below its 200-day moving average, signaling a higher probability of a short-term bounce. Short-term technicals now favor a potential rebound, despite persistent company-specific challenges.
NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release third quarter 2026 financial results on Tuesday, October 27, 2026, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, October 28, 2026, at 10:00 a.m. ET / 7:00 a.m. PT.To participate in the event by telephone, please dial (833) 821-4389 ten minutes prior to the start time (to allow time for registration).
BrightSpire Capital, Inc. (NYSE: BRSP - Get Free Report) hit a new 52-week low on Monday. The company traded as low as $3.98 and last traded at $3.9850, with a volume of 265479 shares traded. The stock had previously closed at $4.09. Analyst Ratings Changes BRSP has been the topic of several analyst reports. Weiss Ratings