BRSP — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-29

• •Declared and paid a second quarter dividend of $0.16 per share on July 15, 2026;

• •Under our Stock Repurchase Program, we have repurchased 3.8 million shares of our Class A common stock at an aggregate cost of $21.0 million; and

• •Extended our Bank 1 Master Repurchase Facility to October 2028.

• •We originated 13 senior mortgage loans for a total commitment of $435.7 million;

• •We received loan repayment proceeds of $150.7 million from eight loans;

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• •On February 17, 2026, we closed a $955.0 million securitization transaction, BRSP 2026-FL3. We placed $833.2 million of investment grade securities with institutional investors providing term financing on a non-mark-to-market, non-recourse basis. BRSP 2026-FL3 is collateralized by interests in 32 f…

• •On February 19, 2026, we redeemed the outstanding securities under BRSP 2021-FL1, including the investment grade notes issued thereunder, at a redemption price of $310.7 million. The 17 senior loan investments, with an aggregate unpaid principal balance of $440.8 million, held by BRSP 2021-FL1 were…

• •On March 12, 2026, we entered into a Master Repurchase Agreement with Bank 5 which provides up to $250.0 million to finance first mortgage loans, senior loan participations and related mezzanine loans secured by commercial real estate. The initial maturity date of the Repurchase Agreement is March …

• •We declared and paid a first quarter dividend of $0.16 per share on April 15, 2026.

• •We originated nine senior mortgage loans for a total commitment of $346.1 million;

Text added vs the prior filing · source: 10-Q · 2026-07-29

• We have utilized, and in the future may utilize, a variety of financial instruments on some of our investments, including interest rate swaps, caps, floors and other interest rate exchange contracts, in order to limit the effects of fluctuations in interest rates on our operations. The use of these …

• As of June 30, 2026, a hypothetical 100 basis point increase or decrease in the applicable interest rate benchmark on our loan portfolio would increase or decrease interest income by $0.2 million annually, net of interest expense.

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• We have utilized, and in the future may utilize, a variety of financial instruments on some of our investments, including interest rate swaps, caps, floors and other interest rate exchange contracts, in order to limit the effects of fluctuations in interest rates on

• our operations. The use of these types of derivatives to hedge interest-earning assets and/or interest-bearing liabilities carries certain risks, including the risk that losses on a hedge position will reduce the funds available for distribution and that such losses may exceed the amount invested in…

• As of March 31, 2026, a hypothetical 100 basis point increase or decrease in the applicable interest rate benchmark on our loan portfolio would increase or decrease interest income by $0.5 million annually, net of interest expense.