BrightSpire Q2 FY26 net loss widens to $18.33 million; interest income rises 5.2% to $52.08 million
BRSP•Quarterly results
BrightSpire Capital posted a GAAP net loss of $18.3 million, or $0.15 per share, for the quarter ended June 30, 2026.
Non-GAAP Distributable Earnings were $15.8 million, or $0.12 per share; Adjusted Distributable Earnings were $16.8 million, or $0.13 per share.
Interest income rose 5.2% to $52.08 million. Net interest income rose 6.9% to $17.2 million from the prior quarter, while total expenses climbed 40.6% to $68.2 million.
Credit reserves and loan activity
The general CECL reserve increased $12.5 million to $99.7 million, or 3.27% of aggregate loan commitments; the weighted average risk ranking improved to .
