Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Earnings Per Share, Basic and Diluted

The Company’s net loss and weighted average shares outstanding for the three months ended March 31, 2026 and 2025 consist of the following (dollars in thousands, except per share data):


	Three Months Ended March 31,
	2026		2025
Net income	$	3,123	$	3,708
Net loss attributable to noncontrolling interests:
Investment Entities	1,722		1,634

Net income attributable to BrightSpire Capital, Inc. common stockholders	$	4,845	$	5,342

Numerator:
Dividends allocated to participating securities (non-vested shares)	$	(568)	$	(469)

Net income attributable to common stockholders	$	4,277	$	4,873

Denominator:
Weighted average shares outstanding - basic(1)	125,934		127,082
Weighted average shares outstanding - diluted	128,921		129,860

Net income per common share - basic	$	0.03	$	0.04
Net income per common share - diluted	$	0.03	$	0.04

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(1)The outstanding shares used to calculate the weighted average basic shares outstanding exclude 3,550,286 and 2,932,427 of restricted stock awards as of March 31, 2026 and March 31, 2025, net of forfeitures, respectively, as those shares were issued but were not vested and therefore, not considered outstanding for purposes of computing basic net income (loss) per common share.