{ "markdown": "SUMMARY RESULTS & SUBSEQUENT EVENTS UPDATE\n\n\n\n\n\n\n
FINANCIAL RESULTS\u2022 GAAP Net Income of $4.8 million and $0.03 per share
\u2022 Distributable Earnings of $15.6 million and $0.12 per share
\u2022 Adjusted Distributable Earnings of $18.2 million and $0.14 per share
\u2022 Declared and paid a dividend of $0.16 per share for Q1'26, 10.6% yield on current share price(6)
\u2022 GAAP net book value of $7.05 per share and undepreciated book value of $8.24 per share
LIQUIDITY & CAPITALIZATION\u2022 $206 million of available liquidity ($58 million of unrestricted cash, $120 million of revolver capacity and $28 million of approved and undrawn borrowings available on our credit facilities)(3)
\u2022 Closed a $955 million CLO with an 87.25% advance rate and S+1.69% cost of funds (pre-transaction costs); includes $98 million of available ramp-up proceeds (fully utilized) and a 2.5-year reinvestment period
\u2022 Entered into a new $250 million master repurchase facility agreement
NET DEPLOYMENT ACTIVITY\u2022 $110 million and $394 million of positive net deployment during Q1'26 and year-to-date(3), respectively*
\u2022 Q1'26 committed $279 million of capital across 7 new senior loans
\u2022 Subsequent to Q1'26, committed $316 million of capital across 10 new senior loans closed or in-execution(3)
\u2022 Q1'26 received $169 million of repayment proceeds across 6 loans
\u2022 Subsequent to Q1'26, received $32 million of repayment proceeds across 1 loan(3)
\n\n[LOGO] BRIGHTSPIRE\n[LOGO] CAPITAL\n\n\n* Net deployment represents total committed capital less repayment proceeds\nAs of March 31, 2026, unless otherwise stated; at BRSP share; per share data may differ due to rounding\nSee footnotes in the appendix\n\n\n4\n\n", "structure": { "type": "document", "markdown": null, "children": [ { "type": "page", "page": null, "span": null, "width": null, "height": null, "dpi": null, "grounding": { "page": 1, "range": { "start": 0, "end": 1839 }, "box": { "xmin": 0.0, "ymin": 0.0, "xmax": 1.0, "ymax": 1.0 } }, "markdown": null, "status": "ok", "reason": null, "children": [ { "type": "text", "id": "text-0", "span": null, "grounding": { "page": 1, "range": { "start": 0, "end": 43 }, "box": { "xmin": 0.03546, "ymin": 0.05334, "xmax": 0.8252, "ymax": 0.10172 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 0, "end": 43 }, "box": { "xmin": 0.03772, "ymin": 0.05671, "xmax": 0.82287, "ymax": 0.09779 } } ], "markdown": null, "children": null, 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