BrightSpire Capital

BrightSpire Capital, Inc. operates as a real estate investment trust. It originates, acquires, finances, and manages diversified portfolio consisting primarily of commercial real estate (CRE) senior mortgage loans, mezzanine loans, preferred equity, debt securities and net leased properties predominantly in the United States. It operates through the following segments: Core Portfolio, and Legacy, Non-Strategic Portfolio. The Core Portfolio segment consists of Senior and Mezzanine Loans and Preferred Equity, CRE Debt Securities, Net Leased Real Estate, and Corporate segments. The Legacy, Non-Strategic Portfolio segment consists of direct investments in operating real estate such as multi-tenant office. The company was founded on August 23, 2017 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

BrightSpire Capital reports solid Q4 earnings amidst market challenges

BrightSpire Capital's Q4 2022 performance reflects solid earnings and a strategic focus on managing its loan portfolio and liquidity.
While facing challenges in the office property sector, the company is well-prepared to leverage opportunities in the market through prudent lending strategies.
Proactive communication with investors and a clear focus on defending the balance sheet position BrightSpire for continued success in a dynamic market environment.
Anticipated market shifts and a disciplined approach to risk management position BrightSpire to navigate uncertainties and capitalize on emerging opportunities.

BrightSpire Capital reports Q1 earnings, focuses on balance sheet defense

BrightSpire Capital's Q1 performance focused on defending the balance sheet, managing risk ratings, and asset valuation adjustments.
Challenges include market impacts on asset values, limited lending opportunities, and potential erosion of dividend coverage over time.
Opportunities lie in potential capital deployment, stock buybacks, asset conversions, and shareholder engagement readiness.
The company's strengths include transparency in risk management, asset value preservation, and appreciation for shareholder support.

BrightSpire Capital reports solid Q2 performance amidst market challenges

BrightSpire Capital's Q2 2023 performance showed resilience in its multifamily portfolio and rent growth, despite challenges in apartment rental management and increased bad debt. The company is strategically managing expenses, considering higher yield originations, and evaluating opportunities in various loan segments. With a focus on liquidity and market re-entry, BrightSpire Capital aims to capitalize on potential market movements and optimize its portfolio for growth.

BrightSpire Capital reports solid Q3 earnings amid market challenges

BrightSpire Capital delivered a strong financial performance in Q3 2023, maintaining profitability and cash flow generation amidst market challenges and economic uncertainties.
The company's focus on liquidity management, dividend coverage, and strategic asset optimization underscores its commitment to shareholder value and financial stability.
While facing interest rate volatility and credit risks, BrightSpire's proactive approach to portfolio management and value enhancement positions it well to capitalize on opportunities and navigate evolving market conditions.

BrightSpire Capital reports strong Q4 performance amidst market challenges

BrightSpire Capital's Q4 2023 earnings call highlighted solid financial performance, prudent financial management, and strategic positioning in the commercial real estate debt markets.
The company faces challenges in navigating market dynamics and managing portfolio exposure but has opportunities for growth through capital deployment and portfolio expansion.
Overall, BrightSpire Capital's focus on maintaining liquidity, adjusting assets, and exploring new opportunities positions it well for future success and market leadership.

BrightSpire Capital reports Q1 loss, focuses on liquidity and risk management

BrightSpire Capital faced challenges in Q1 2024 due to market shifts and potential headwinds on earnings. Despite this, the company maintained strong liquidity and a sizable loan portfolio. Management's focus on resolving watch list assets indicates a proactive approach to managing risks.

BrightSpire Capital reports Q2 loss, focuses on loan originations

BrightSpire Capital navigated challenges in Q2 2024 with a focus on preserving shareholder equity through reduced dividends and initiating loan originations.
Despite impairments on legacy investments and increased CECL reserves, the company maintains confidence in portfolio stability and growth potential.
Management's strategic actions and confidence in the company's future outlook suggest a resilient approach to addressing financial headwinds and pursuing growth opportunities.

BrightSpire Capital reports solid Q3 earnings, eyes growth in 2025

BrightSpire Capital delivered strong financial performance in Q3 2024, supported by robust distributable earnings and liquidity.
Effective portfolio management, capital deployment, and differentiation strategies are key strengths for BrightSpire.
While challenges like risk management and competitive pressures exist, opportunities for growth and profitability are within reach.
Overall, BrightSpire's proactive approach and market positioning bode well for future success and earnings growth in 2025.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

BrightSpire Capital, Inc. is a real estate investment trust. It originates, acquires, finances, and manages portfolio consisting of commercial real estate (CRE) debt investments and net leased properties in the United States. It operates through the following segments: Senior Mezzanine Loans and Preferred Equity, Net Leased and other Real Estate, CRE Debt Securities, and Corporate. The Senior and Mezzanine Loans and Preferred Equity segment covers CRE debt investments including senior loans, mezzanine loans, and preferred equity interests as well as participations in such loans. The Net Leased and Other Real Estate segment includes investments in commercial real estate with long-term leases to tenants on a net lease basis. The CRE Debt Securities segment consists of securities investments previously consisting of BBB and some BB rated CMBS. the Corporate segment deals with corporate-level asset management and other fees. The company was founded on August 23, 2017 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company's Board of Directors have authorized a stock repurchase program, under which the Company may repurchase up to $100 million of its outstanding Class A common stock until April 30, 2023 (the “Stock Repurchase Program”). Under the Stock Repurchase Program, the Company may repurchase shares in open market purchases, in privately negotiated transactions or other

BrightSpire Capital, Inc. Announces $100 Million Common Stock Repurchase Plan

BrightSpire Capital, Inc. (NYSE:BRSP ) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET Company Participants David Palamé - General Counsel, Secretary & Executive Vice President Michael Mazzei - Chief Executive Officer & Board Member Andrew Witt - President & Chief Operating Officer Frank Saracino - Chief Financial Officer, Treasurer & Executive Vice President Conference Call Participants Eric Hagen - BTIG Steven DeLaney - JMP Securities Derek Hewett - Bank of America Operator Greetings. Welcome to the BrightSpire Capital's First Quarter 2022 Earnings Call.

BrightSpire Capital, Inc. (BRSP) CEO Michael Mazzei on Q1 2022 Results - Earnings Call Transcript

Colony Credit (BRSP) delivered earnings and revenue surprises of -8.33% and 3.34%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

BrightSpire (BRSP) Lags Q1 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the first quarter ended March 31, 2022 and certain updates. The Company reported first quarter 2022 GAAP net income attributable to common stockholders of $27.7 million, or $0.21 per share, and Distributable Earnings and Adjusted Distributable Earnings of $28.8 million, or $0.22 per share. The Company reported GAAP net book value of $11.26 per shar

BrightSpire Capital, Inc. Announces First Quarter 2022 Financial Results

BRSP recorded a close to double digit four-year average dividend yield.

BrightSpire: High Yield, Poor Return, Invest With Adequate Precaution

Royce Value Trust

Don't be an April fool, look at these no-brainer picks for your portfolio.

2 No-Brainer Fat Dividend Bargains You Don't Want To Miss

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release first quarter 2022 financial results before the market opens on Tuesday, May 3, 2022. The Company will conduct a conference call to discuss the results the same day at 10:00 a.m. ET / 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). International callers s

BrightSpire Capital, Inc. Announces First Quarter 2022 Earnings Results and Conference Call Date

Colony Northstar Credit Real Estate, Inc. Class A

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company's Board of Directors has declared a dividend of $0.19 per share of Class A common stock for the quarter ending March 31, 2022. The dividend is payable on April 15, 2022 to stockholders of record as of March 31, 2022. About BrightSpire Capital, Inc. BrightSpire Capital, Inc. (NYSE: BRSP), formerly Colony Credit Real Estate, Inc. (NYSE: CLNC), is internally m

BrightSpire Capital Announces $0.19 Per Share Dividend for First Quarter 2022

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced the Board of Directors set March 18, 2022 as the record date for the Company's 2022 Annual Meeting of Stockholders. The 2022 Annual Meeting of Stockholders will be held virtually on May 5, 2022 at 11:00 am Eastern Time. Information on the virtual meeting will be included in the Company's 2022 proxy statement. About BrightSpire Capital, Inc. BrightSpire Capital, Inc. (NYSE:

BrightSpire Capital, Inc. Announces 2022 Annual Meeting of Stockholders

BrightSpire Capital, Inc. (BRSP) CEO Mike Mazzei on Q4 2021 Results - Earnings Call Transcript

Colony Credit (BRSP) delivered earnings and revenue surprises of 17.39% and 25.54%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

BrightSpire (BRSP) Surpasses Q4 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2021 and certain updates. The Company reported fourth quarter 2021 GAAP net income attributable to common stockholders of $81.0 million, or $0.63 per share, and Distributable Earnings of $22.9 million, or $0.17 per share. Excluding realized gains and losses and provision for loan losses, Adjusted

BrightSpire Capital, Inc. Announces Fourth Quarter & Full Year 2021 Financial Results

Colony Credit (BRSP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

BrightSpire (BRSP) Reports Next Week: Wall Street Expects Earnings Growth

A Top Pick For Dividend Growth: BrightSpire Capital

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release fourth quarter and full year 2021 financial results before the market opens on Tuesday, February 22, 2022. The Company will conduct a conference call to discuss the results the same day at 10:00 a.m. ET/ 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). Int

BrightSpire Capital, Inc. Announces Fourth Quarter and Full Year 2021 Earnings Results and Conference Call Date

NEW YORK--(BUSINESS WIRE)--On December 22, 2021, subsidiaries of BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”), announced the payoff of its “5-Investment Preferred Financing” following a co-invest portfolio sale. In conjunction with finalizing its year-end results and accounting for the resolution of the co-invest portfolio sale and “5-Investment Preferred Financing payoff”, management projects that the combination of these transactions should result in an adju

BrightSpire Capital Adjusts Book Value Increases from Co-Invest Portfolio Sale and Preferred Financing Payoff

American Fin Tr Inc - Ordinary Shares - Class A

Preferred Apartment Communities

JPMorgan BetaBuilders MSCI US REIT ETF

Bluerock Residential Growth REIT

BRT Apartments

Blackstone Group

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Host Hotels & Resorts

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Neuberger Berman Real Estate Securities Income Fund Inc

New Residential Investment

Pebblebrook Hotel Trust

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

U.S. equity markets rebounded to fresh record-highs heading into the Christmas holiday after governments in the U.S. and U.K. showed restraint in instituting more severe economic restrictions amid the recent COVID reacceleration. Bouncing back from an Omicron-driven sell-off and ending the week at fresh record highs, the S&P 500 rallied 2.3% on the week while Mid-Caps and Small-Caps each gained nearly 3%.

The Gift That Keeps On Giving

NEW YORK--(BUSINESS WIRE)--On December 22, 2021, subsidiaries of BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”), one of the largest publicly traded commercial real estate (CRE) credit REITs, completed the payoff of its “5-Investment Preferred Financing”, previously provided by the Vintage Funds within Goldman Sachs Asset Management. While 4 of the underlying investments were sold in the Company's recently closed co-invest portfolio sale, the payoff of this prefe

BrightSpire Capital Pays Off $200 Million Preferred Indebtedness to Goldman Sachs Asset Management Vintage Funds

DigitalBridge Group

NEW YORK--(BUSINESS WIRE)--Fortress Investment Group LLC (“Fortress”) today announced that its affiliates have completed previously announced transactions with DigitalBridge Group Inc. (NYSE: DBRG, “DigitalBridge”) and BrightSpire Capital Inc. (NYSE: BRSP, “BrightSpire”), with total consideration of approximately $730 million. “We have a long and extremely productive history working with the DigitalBridge and BrightSpire teams and could not be more pleased with their partnership in closing thes

Fortress Announces Completed Acquisitions of DigitalBridge and BrightSpire Capital Assets for Total Consideration of Nearly $730 Million

NEW YORK--(BUSINESS WIRE)--On December 20, 2021, BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”), one of the largest publicly traded commercial real estate (CRE) credit REITs, closed the previously announced sale of 5 historical development and/or non-accrual assets to managed vehicles of Fortress Investment Group LLC (“Fortress”), a leading, diversified global investment manager, for gross proceeds of $223 million (the “Co-Invest Portfolio Sale”). The Company re

BrightSpire Capital, Inc. Closes Previously Announced $223 Million Co-Invest Portfolio Sale to Fortress

The company has significant organic growth potential and is trading 14% below its book value. The management is restructuring the portfolio with more secured loans and multifamily homes instead of offices and hotels.

BrightSpire Capital: Portfolio Restructuring With Future Organic Growth Potential

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced today the appointment of Catherine Long, former founding member, executive vice president, chief financial officer, treasurer and assistant secretary of STORE Capital Corporation (NYSE: STOR), as an independent director to the Company's Board of Directors and member of its audit committee. Following the appointment of Ms. Long effective December 1, 2021, the increased Board of Di

BrightSpire Capital Announces Appointment of Catherine Long to Board of Directors

AGNC Investment

The government has provided multiple stimulus checks, but the chances of another are getting slimmer and slimmer. We can create our own "stimulus" within our portfolio.

No More Stimulus Checks? 2 Big Yields As High As 9% For A Comfortable Living

BrightSpire Capital, Inc. (BRSP) CEO Mike Mazzei on Q3 2021 Results - Earnings Call Transcript

Colony Credit (BRSP) delivered earnings and revenue surprises of 23.81% and 23.09%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

News for BrightSpire Capital Stock (BRSP)