| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 3,123 | -15,999 | -1,304 | -21,465 |
| Depreciation and amortization | 8,627 | 7,990 | 7,187 | 21,159 |
| Straight-line rental income | 191 | 548 | 503 | 530 |
| Amortization of right-of-use lease assets and operating lease liabilities | NaN | -4 | -4 | -2 |
| Amortization of above (below) market lease values, net | NaN | 85 | 179 | 60 |
| Impairment of operating real estate | NaN | 7,984 | 2,509 | 51,127 |
| Paid-in-kind interest added to loan principal, net of interest received | NaN | 804 | 739 | 1,048 |
| Designated hedges and foreign currency translation reclassified to earnings | NaN | 0 | 0 | -3,362 |
| Mortgage notes (above) below market value amortization | NaN | -39 | -39 | 108 |
| Amortization of premium/accretion of discount and fees on investments and borrowings, net | NaN | 2,977 | 683 | -816 |
| Discount accretion and fee amortization, net on loans held for investment and securitization bonds payable | 1,449 | NaN | NaN | NaN |
| Amortization of deferred financing costs | 2,458 | 2,008 | 1,923 | 4,275 |
| Paid-in-kind interest added to loan principal | 447 | NaN | NaN | NaN |
| Realized loss on sale of real estate | -4 | 1,876 | -519 | -245 |
| Increase (decrease) of current expected credit loss reserve | 1,746 | 15,439 | 8,216 | 346 |
| Amortization of equity-based compensation | 2,918 | 2,916 | 2,794 | 7,126 |
| Non-cash adjustments | -27 | 0 | NaN | NaN |
| Deferred income tax (benefit) expense | 94 | -521 | 0 | -21,781 |
| Receivables, net | 4,691 | 2,864 | -1,158 | 3,812 |
| Deferred costs and other assets | -1,210 | -1,210 | -4,517 | 3,298 |
| Other liabilities | -5,399 | -2,807 | 2,699 | -6,913 |
| Net cash provided by operating activities | 10,928 | 15,225 | 29,873 | 27,927 |
| Acquisition, origination and funding of loans and preferred equity held for investment, net | 270,378 | 412,494 | 145,926 | 210,652 |
| Repayment on loans held for investment | -169,887 | -40,476 | -97,211 | -146,419 |
| Proceeds from sale of real estate | 25,812 | 41,259 | 34,370 | 5,184 |
| Cash and restricted cash received related to consolidation of loans held for investment and real estate owned | NaN | NaN | 1,488 | 4,653 |
| Acquisition of and additions to real estate and related intangibles | 1,629 | 7,106 | 2,448 | 8,389 |
| Distributions in excess of cumulative earnings from unconsolidated ventures | NaN | 0 | NaN | NaN |
| Cash relinquished in deconsolidation of subsidiaries | NaN | 715 | 5,638 | NaN |
| Cash and restricted cash received related to consolidation of loans held for investment and real estate owned | 2,433 | 6,141 | NaN | NaN |
| Change in escrow deposits payable | 15,633 | -6,716 | -1,046 | 5,384 |
| Distributions to noncontrolling interests | NaN | 0 | NaN | NaN |
| Net cash (used in) provided by investing activities | -89,508 | -331,864 | -19,897 | -68,169 |
| Issuance of common stock | NaN | 0 | 0 | 0 |
| Distributions paid on common stock | 21,914 | 20,588 | 20,862 | 41,550 |
| Shares canceled for tax withholding on vested stock awards | 4,790 | 0 | 0 | 3,878 |
| Repurchase of common stock | NaN | 5,962 | 964 | 4,008 |
| Borrowings from mortgage notes | NaN | 0 | NaN | NaN |
| Repayment of mortgage notes | 1,403 | 1,153 | 1,227 | 2,957 |
| Borrowings from master repurchase and credit facilities | 594,427 | 385,683 | 113,061 | 116,224 |
| Repayment of master repurchase and credit facilities | 900,198 | 86,256 | 124,120 | 111,678 |
| Borrowing from securitization bonds | 833,237 | 0 | 0 | NaN |
| Repayment of securitization bonds | 398,215 | 547 | 5,769 | 105,965 |
| Payment of deferred financing costs | 7,123 | 3,568 | 210 | 4,780 |
| Net cash provided by (used in) financing activities | 94,021 | 267,609 | -40,091 | -158,592 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 0 | 1,298 | 0 | -180 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 15,441 | -47,732 | -30,115 | -199,014 |
| Cash, cash equivalents and restricted cash - beginning of period | 173,835 | 221,567 | 450,696 | NaN |
| Cash, cash equivalents and restricted cash - end of period | 189,276 | 173,835 | 221,567 | NaN |
BrightSpire Capital, Inc. (BRSP)
BrightSpire Capital, Inc. (BRSP)