BrightSpire Capital Inc-A 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Commission File Number:001-38377 (Exact Name of Registrant as Specified in Its Charter) 38-4046290(I.R.S. EmployerIdentification No.) Maryland(State or Other Jurisdiction ofIncorporation or Organization) 590 Madison Avenue,33rd FloorNew York,NY10022(Address of Principal Executive Offices, Including Zip Code)(212)547-2631(Registrant’s Telephone Number, Including Area Code) (Former name, former address and former fiscal year, if changed since last report) Name of each exchange on which registered Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date:As of July29, 2025, BrightSpire Capital, Inc. had129,993,935shares of Class A common stock, par value $0.01 per share,outstanding. BRIGHTSPIRE CAPITAL, INC.FORM 10-QTABLE OF CONTENTS Index Part I.3Item 1.Financial Information3Financial Statements3Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 20243Consolidated Statements of Operations (unaudited) for the three and six months ended June 30, 2025 and20245Consolidated Statements of Comprehensive Income (Loss) (unaudited) for the three and six months endedJune 30, 2025 and 20246Consolidated Statements of Equity (unaudited) for the three and six months ended June 30, 2025 and 20247Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2025 and 20249Notes to Consolidated Financial Statements (unaudited)11Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations50Item 3.Quantitative and Qualitative Disclosures About Market Risk78Item 4.Controls and Procedures81Part II.Other Information82Item 1.Legal Proceedings82Item 1A.Risk Factors82Item 2.Unregistered Sales of Equity and Use of Proceeds82Item 3.Defaults Upon Senior Securities82Item 4.Mine Safety Disclosures82Item 5.Other Information82Item 6.Exhibits84Signatures Special Note Regarding Forward-Looking Statements This Quarterly Report on Form10-Q may contain forward-looking statements within the meaning of the federal securities laws.Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends andsimilar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by theuse of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,”“estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions ofor indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known andunknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results todiffer significantly from those expressed in any forward-looking statement. Among others, the following uncertainties and other factors could cause actual results to differ from those set forth in the forward-looking statements: •operating costs and business disruption may be greater than expected;•we depend on borrowers and tenants for a substantial portion of our revenue and, acco