BrightSpire Capital, Inc. announced its fourth quarter and full year 2025 financial results, reporting a GAAP net loss of ($0.12) per share and Adjusted Distributable Earnings of $0.15 per share for the quarter. The Company declared a quarterly cash dividend of $0.16 per share and highlighted strong origination activity and progress on resolving REO and watchlist loans.
Key takeaways
Q4 2025 GAAP net loss attributable to common stockholders was ($14.4) million, or ($0.12) per share.
Q4 2025 Adjusted Distributable Earnings (Non-GAAP) were $19.3 million, or $0.15 per share.
Full year 2025 GAAP net loss attributable to common stockholders was ($31.1) million, or ($0.26) per share.
GAAP net book value was $7.30 per share as of December 31, 2025.
On December 15, 2025, the Board declared a quarterly cash dividend of $0.16 per share, paid on January 15, 2026.
Total liquidity was $168 million, comprising $98 million in unrestricted cash and $70 million in corporate revolver availability as of December 31, 2025.