BrightSpire Capital, Inc.

BrightSpire Capital, Inc.

BRSP
BrightSpire Capital, Inc.US flagNew York Stock Exchange
4.49
USD
-0.07
- -
568.09MMarket Cap
BrightSpire Capital, Inc.
BRSP
(New York Stock Exchange)

Recent

price

4.49

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.88
1.11
1.28
3.92
4.28
3.3
2.51
2.82
3.09
2.72
2.54
2.59
Revenue per Share
0.63
0.59
0.69
-1.4
-3.23
-2.75
-0.79
0.36
-0.12
-1.04
-0.25
-0.21
Basic EPS, GAAP
0.51
0.69
0.83
0.83
1.07
0.75
-0.17
0.98
1.08
0.81
0.58
0.68
Free Cash Flow per Basic Share
- -
0.96
2.34
1.54
1.7
0.4
0.4
0.78
0.82
0.78
0.65
0.67
Dividend per Share
- -
9.59
8.44
21.18
16.49
12.96
11.21
10.77
9.83
8.08
7.3
6.81
Book Value per Share
- -
9.59
8.36
20.13
15.61
12.37
10.71
10.35
9.37
7.72
7.08
6.77
Tangible Book Value per Share
128
128
128
121
128
129
128
127
127
127
127
127
Basic Weighted Avg Shares
113
142
164
473
549
424
323
359
392
347
323
328
Sales/Revenue/Turnover
84.01
67.97
69.18
-10.73
-28.57
4.62
30.83
13.03
3
-14.92
9.3
2.84
Operating Margin (%)
- -
- -
9
91
103
60
37
35
34
41
36
32
Depreciation Expense
81
76
89
-168
-415
-353
-101
46
-16
-132
-31
-27
Net Income, GAAP
0.3
1.61
2.1
- -
- -
- -
19.13
4.96
- -
- -
- -
2.92
Effective Tax Rate (%)
71.47
53.68
53.98
-35.6
-75.46
-83.26
-31.28
12.77
-3.97
-38.01
-9.66
-8.19
Profit Margin (%)
- -
1,561
1,362
5,452
4,985
4,770
4,563
3,762
3,125
2,706
2,678
2,928
Working Capital
- -
502
390
5,594
4,977
4,125
3,969
3,190
2,739
2,516
2,491
2,560
LT Debt
- -
1,236
1,408
2,845
2,201
1,959
1,491
1,389
1,278
1,046
928
849
Total Equity
- -
10.9
6.28
- -
- -
- -
1.23
0.72
- -
- -
- -
- -
Return on Invested Capital (%)
- -
4.96
3.06
- -
- -
- -
-1.1
1.17
- -
- -
- -
3.16
Return on Capital (%)
- -
12.41
7.68
-8.9
-17.18
-18.67
-6.48
3.22
-1.17
-11.35
-3.14
-2.89
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
2,470
2,594
2,547
LT Finance Leases
21
20
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
129
130
127
Market Capitalization
720
730
691

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,823
2,897
3,266
Cash, Cash Equivalents & STI
67
97
68
Accounts Receivable, Net
46
51
51
Inventories
- -
- -
- -
Total Current Liabilities
145
127
338
Payables & Accruals
135
117
129
ST Debt
- -
- -
- -
Deferred Revenue
10
10
9

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-13.62%
-11.23%
Free Cash Flow
-79.72%
-171.09%
-29.38%
Net Income, GAAP
17.33%
64.34%
-76.4%
Sales/Revenue/Turnover
20.13%
-4.42%
-7.11%
Total Cash Common Dividend
- -
15.1%
-16.21%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
93
88
86
80
347
2025
75
84
81
82
323
2026
82
83
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.45
-0.53
0.1
- -
-1.04
2025
0.04
-0.18
0.01
- -
-0.25
2026
0.04
-0.14
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.2
0.21
- -
0.78
2025
0.16
0.16
0.16
- -
0.65
2026
0.17
0.16
- -
- -
- -
Business
BrightSpire Capital, Inc. is an internally-managed commercial real estate (CRE) credit real estate investment trust (REIT) focused on originating, acquiring, financing, and managing a diversified portfolio of commercial real estate debt and net leased properties primarily in the United States. Its core products and services encompass CRE debt investments including first mortgage loans, senior loans, mezzanine loans, debt securities, and preferred equity investments, alongside net leased real estate assets. The company targets institutional and accredited investors, leveraging a nimble, risk-adjusted investment strategy across the capital structure with expertise in underwriting, asset selection, and loan special servicing. BrightSpire operates predominantly within the U.S. market with assets under management totaling approximately $3.5 billion as of late 2025. Founded in 1998 and headquartered in New York, BrightSpire Capital underwent a significant rebranding and internalization of management functions in April 2021, transitioning from Colony Credit Real Estate, Inc. The latest major developments include the successful execution of a $675 million managed commercial real estate collateralized loan obligation (CRE CLO) in 2024, which generates liquidity for further loan originations. In 2025, BrightSpire reported positive net loan originations, stable book values with GAAP net book value reported at $7.53 per share, and undepreciated book value at $8.68 per share as of September 30. The company also achieved a 50% reduction in watchlist assets alongside sales of real estate owned (REO) properties, while continuing to focus on portfolio growth, risk mitigation through asset resolution, and maintaining liquidity. In 2025, the board declared consistent quarterly dividends of $0.16 per share and authorized a $50 million stock repurchase program through April 2026. BrightSpire Capital’s strategy emphasizes disciplined risk management, vertical integration with embedded loan servicing capabilities, and a diversified portfolio across all major property types and loan maturities ranging from 3 to 10 years. The company’s offerings are highly tailored to meet diverse CRE financing needs with floating rate loans primarily indexed over SOFR and fixed-rate loans at competitive yields. Its incumbent leadership team, with deep sector knowledge, focuses on stabilizing returns, portfolio growth, and de-risking initiatives under prevailing market conditions, making BrightSpire one of the largest publicly traded CRE credit REITs in North America.

Company News

  • BrightSpire: Why Management Plans Should Scare The Daylights Out Of You

  • BrightSpire Capital, Inc. (BRSP) Q2 2026 Earnings Call Transcript

  • BrightSpire Capital Q2 Earnings Call Highlights

  • BrightSpire (BRSP) Misses Q2 Earnings Estimates

  • BrightSpire Capital, Inc. Announces Second Quarter 2026 Financial Results

  • BrightSpire Capital, Inc. Announces Second Quarter 2026 Earnings Release and Conference Call Dates

  • BrightSpire Capital Announces $0.16 Per Share Dividend for Second Quarter 2026

  • BrightSpire Capital, Inc. to Participate in Nareit's REITweek 2026 Investor Conference

  • Your Retirement Needs Magnificent Income, Bigger Than Bank Interest Rates

  • BrightSpire Capital: Dividend Coverage Dips, All-In Yield Compresses (Downgrade)

  • BrightSpire Capital, Inc. (BRSP) Q1 2026 Earnings Call Transcript

  • BrightSpire (BRSP) Q1 Earnings and Revenues Lag Estimates

  • BrightSpire Capital, Inc. Announces First Quarter 2026 Financial Results

  • BrightSpire Capital, Inc. Announces First Quarter 2026 Earnings Release and Conference Call Dates

  • BrightSpire Capital Announces $0.16 Per Share Dividend for First Quarter 2026

  • BrightSpire Capital, Inc. Announces 2026 Annual Meeting of Stockholders

  • BrightSpire Capital: 11% Yield, 30% Discount, Your Roadmap To Higher Income

  • Critical Analysis: Altisource Portfolio Solutions (NASDAQ:ASPS) versus BrightSpire Capital (NYSE:BRSP)

  • BrightSpire Capital, Inc. (BRSP) Q4 2025 Earnings Call Transcript

  • BrightSpire (BRSP) Q4 Earnings Lag Estimates