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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net interest income    
Interest income $ 49,515 $ 48,086
Interest expense (33,394) (32,211)
Net interest income 16,121 15,875
Property and other income    
Property operating income 32,654 26,858
Other income 2,971 2,618
Total property and other income 35,625 29,476
Expenses    
Property operating expense 20,078 9,966
Transaction, investment and servicing expense 832 629
Interest expense on real estate 5,091 6,565
Depreciation and amortization 8,627 10,552
Increase (decrease) of current expected credit loss reserve 1,746 (235)
Compensation and benefits (including $2,918 and $4,213 of equity-based compensation expense, respectively) 9,056 10,429
Operating expense 3,095 3,214
Total expenses 48,525 41,120
Other income    
Other loss, net (4) (241)
Income (loss) before income taxes 3,217 3,990
Income tax expense (94) (282)
Net income (loss) 3,123 3,708
Net loss attributable to noncontrolling interests in investment entities 1,722 1,634
Net income attributable to BrightSpire Capital, Inc. common stockholders $ 4,845 $ 5,342
Net income per common share - basic (in dollars per share) $ 0.03 $ 0.04
Net income per common share - diluted (in dollars per share) $ 0.03 $ 0.04
Weighted average shares of common stock outstanding - basic (in shares) 125,934,000 127,082,000
Weighted average shares of common stock outstanding - diluted (in shares) 128,921,000 129,860,000