YOLFTbeta
Brightspire Capital Inc

Brightspire Capital Inc

BRSP · NYSE · Real Estate / REIT - Mortgage

3.21USD+0.09 (+2.88%)

Price History

Full chart

Market Stats

Previous Close3.12
Open3.12
Day Range3.05 – 3.22
52-Week Range3.98 – 5.95
Volume1.25M
Market Cap517.48M
P/E (TTM)0.00
Forward P/E15.58
EPS-0.23
Dividend Yield15.80%
Beta1.35
50-Day Avg4.82
200-Day Avg5.52

About

BrightSpire Capital, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Norway. It operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. The company focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of senior mortgage loans, mezzanine loans, preferred equity investments, net leased real estate and other real estate properties, and CRE debt securities. It also engages in money market activities; and invests in private equity funds. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Colony Credit Real Estate, Inc. and changed its name to BrightSpire Capital, Inc. in June 2021. BrightSpire Capital, Inc. was incorporated in 2017 and is based in New York, New York.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Michael Joseph Mazzei J.D.
  • Employees46
  • Headquarters590 Madison Avenue, New York, NY, United States, 10022, USA
  • Websitehttps://www.brightspire.com

Leadership

  • Mr. Michael Joseph Mazzei J.D.CEO & Director · b. 1961
  • Mr. Andrew Elmore WittPresident & COO · b. 1978
  • Mr. Frank Vito Saracino CPAExecutive VP, CFO & Treasurer · b. 1967
  • Mr. David A. Palame J.D.Executive VP, General Counsel & Secretary · b. 1977
  • Mr. Daniel E. KatzMD & Head of Originations for Investment Management
  • Mr. Matthew HeslinMD, Chief Credit Officer & Head of Debt Capital Markets
  • Mr. Tyler H. FerrerMD and Head of Asset Management & Loan Operations
  • Mr. Gary S. Newman J.D.Managing Director of Investment Management
  • Ms. Sonia KimVice President · b. 1974

Financials

Income Statement

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue112.71M141.67M163.96M473.36M549.33M424.35M323.09M358.54M392.11M347.22M331.60M
Growth (%)-+25.69%+15.74%+188.70%+16.05%-22.75%-23.86%+10.97%+9.36%-11.45%-4.50%
Cost of Revenue1.99M26.94M29.00M253.10M310.50M211.98M131.23M165.46M199.95M187.80M167.00M
Gross Profit110.72M114.73M134.97M220.26M238.83M212.37M191.86M193.07M192.16M159.42M164.60M
Gross Margin98.24%80.99%82.32%46.53%43.48%50.05%59.38%53.85%49.01%45.91%49.64%
Operating Expense16.04M-5.83M3.08M271.07M395.79M192.78M92.24M146.35M180.38M211.23M33.72M
Operating Income94.69M120.56M131.88M-50.81M-156.95M19.59M99.62M46.73M11.77M-51.81M130.88M
Operating Margin84.01%85.10%80.43%-10.73%-28.57%4.62%30.83%13.03%3.00%-14.92%39.47%
EBITDA100.80M136.78M109.37M-29.64M-337.68M-142.60M101.59M112.52M35.91M-66.81M111.97M
EBITDA Margin89.44%96.55%66.70%-6.26%-61.47%-33.60%31.44%31.38%9.16%-19.24%33.77%
Net Income80.55M76.05M88.50M-168.50M-414.51M-353.30M-101.05M45.79M-15.55M-131.98M-31.15M
Net Income Margin71.47%53.68%53.98%-35.60%-75.46%-83.26%-31.28%12.77%-3.97%-38.01%-9.39%
R&D--0.820.340.820.90.340.130.04--
R&D as % of Total Revenue--0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense18.95M05.09M43.44M55.41M48.86M32.28M28.72M25.91M27.03M127.28M
Interest Expense % of Total Revenue16.81%0.00%3.11%9.18%10.09%11.51%9.99%8.01%6.61%7.78%38.38%

Balance Sheet

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-1.80B10.62M8.66B7.41B6.21B5.64B4.75B4.20B3.72B3.56B
Total Liabilities-566.63M431.83M5.82B5.21B4.25B4.15B3.36B2.92B2.68B2.64B
Total Equity-1.24B-421.21M2.71B2.12B1.67B1.46B1.39B1.28B1.05B938.43M
Cash-13.98M1.00M77.32M69.62M474.82M259.72M306.32M257.51M302.17M66.79M
Total Debt-502.41M389.66M5.59B6.08B4.66B4.87B3.19B3.66B2.52B2.49B
Net Debt-488.43M388.66M5.52B6.01B4.19B4.61B2.88B3.40B2.21B2.42B

Cash Flow

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow64.67M88.51M106.98M100.72M137.18M96.36M-21.27M125.28M137.62M103.41M73.03M
Investing Cash Flow-812.73M199.37M439.27M-467.70M-416.02M1.00B-555.79M89.34M384.16M313.08M-419.93M
Financing Cash Flow737.99M-319.72M-551.66M487.52M286.78M-754.06M384.36M-161.45M-558.60M-327.95M68.93M
Capital Expenditure067.00K312.00K148.74M273.78M23.21M9.92M3.96M7.06M00
Free Cash Flow64.67M88.51M106.98M100.72M410.96M96.36M-21.27M125.28M137.62M103.41M73.03M
Dividends Paid282.31M122.13M299.32M185.29M217.72M51.71M51.92M99.39M103.95M99.06M83.00M
FCF to OCF100.00%100.00%100.00%100.00%299.58%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF436.52%137.99%279.78%183.96%52.98%53.66%-244.08%79.34%75.53%95.80%113.66%

Earnings

Report DateDec 6, 2017Mar 23, 2018May 8, 2018Aug 7, 2018Nov 6, 2018Feb 28, 2019May 8, 2019Aug 8, 2019Nov 7, 2019Feb 27, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Feb 24, 2021May 5, 2021Aug 4, 2021Nov 3, 2021Feb 22, 2022May 3, 2022Aug 3, 2022Nov 2, 2022Feb 21, 2023May 3, 2023Aug 2, 2023Oct 30, 2023Feb 21, 2024May 1, 2024Jul 30, 2024Oct 29, 2024Feb 19, 2025Apr 29, 2025Jul 29, 2025Oct 28, 2025Feb 17, 2026Apr 28, 2026Jul 28, 2026Oct 27, 2026
EPS Estimate0.000.000.220.200.170.370.090.270.370.290.290.170.130.150.100.170.210.230.240.230.240.240.240.240.210.240.240.220.200.180.160.160.170.170.160.120.11
EPS Actual0.240.26-0.050.12-0.42-0.290.110.28-0.570.370.630.260.30-0.200.140.200.260.270.220.240.250.270.270.250.280.280.230.220.140.180.160.180.160.150.140.10-
Surprise---122.73%-40.00%-347.06%-178.38%22.22%3.70%-254.05%27.59%117.24%52.94%130.77%-233.33%40.00%17.65%23.81%17.39%-8.33%4.35%4.17%12.50%12.50%4.17%33.33%16.67%-4.17%0.00%-30.00%0.00%0.00%12.50%-5.88%-9.80%-12.50%-16.67%-
TimingAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap517.48M
Enterprise Value3.00B
Trailing P/E0.00
Forward P/E15.58
Price / Sales1.55
Price / Book0.59
EPS-0.23
Book Value6.81
Revenue (TTM)332.79M
Gross Profit (TTM)216.00M
EBITDA165.55M
Profit Margin-8.07%
Operating Margin35.07%
Return on Equity-3.74%
Return on Assets2.36%
Shares Outstanding126.52M
Shares Float111.98M
Beta1.35
Dividend Yield15.80%
Dividend Rate0.64
Payout Ratio116.36%

Analyst Ratings

Buy
Based on 7 analystsTarget 6.34
  • Strong Buy
    3
  • Buy
    1
  • Hold
    2
  • Sell
    1

Ownership Breakdown

Institutions
65.71%
Insiders
11.50%
Retail / Other
22.79%

Top Institutional Holders

  • BlackRock Inc
    10.94M8.65%
  • Vanguard Capital Management, LLC
    5.56M4.39%
  • Private Management Group Inc
    4.84M3.82%
  • Nomura Holdings Inc
    3.84M3.03%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    3.63M2.87%
  • Vanguard Portfolio Management, LLC
    3.38M2.67%
  • State Street Corp
    3.30M2.61%
  • Geode Capital Management, LLC
    3.18M2.51%
  • The Goldman Sachs Group Inc
    2.64M2.08%
  • Punch & Associates Inv Mgmt Inc
    2.40M1.89%
  • Millennium Management LLC
    2.09M1.65%
  • Charles Schwab Investment Management Inc
    2.08M1.64%
  • Waterfall Asset Management, LLC
    2.08M1.64%
  • Nut Tree Capital Management, LP
    1.94M1.53%
  • Federated Hermes Inc
    1.58M1.25%
  • Two Sigma Investments LLC
    1.55M1.22%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    3.88M3.06%
  • iShares Russell 2000 ETF
    3.10M2.44%
  • Global X SuperDividend™ ETF
    2.13M1.68%
  • Global X SuperDividend ETF USD Cap
    1.71M1.35%

Dividends

20263×
0.16Sep 30, 20260.16Jun 30, 20260.16Mar 31, 2026
20254×
0.16Dec 31, 20250.16Sep 30, 20250.16Jun 30, 20250.16Mar 31, 2025
20244×
0.16Dec 31, 20240.16Sep 30, 20240.20Jun 28, 20240.20Mar 27, 2024
20234×
0.20Dec 28, 20230.20Sep 28, 20230.20Jun 29, 20230.20Mar 30, 2023
20224×
0.20Dec 29, 20220.20Sep 29, 20220.20Jun 29, 20220.19Mar 30, 2022
20214×
0.18Dec 30, 20210.16Sep 29, 20210.14Jun 29, 20210.10Mar 30, 2021
20201×
0.10Mar 30, 2020