A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
BrightSpire Capital, Inc.
BRSP
$570M
Mkt Cap
$4.49
-1.54%
Our Company References to “we,” “us,” “our,” or the “Company” refer to BrightSpire Capital, Inc., a Maryland corporation, together with its consolidated subsidiaries, unless the context specifically requires otherwise. References to the “OP” refer to BrightSpire Capital Operating Company, LLC a Delaware limited liability company, the operating company of the Company. We are an internally-managed commercial real estate (“CRE”) credit real estate investment trust (“REIT”) focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties. CRE debt investments primarily consist of senior mortgage loans, which is our primary investment strategy. Additionally, we may also selectively originate mezzanine loans and preferred equity investments, which may include profit participations.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 336M | 331M | 359M | 415M | 365M | 194M |
| Net Income | -29M | -33M | -134M | -16M | 44M | -101M |
| EPS | $-0.23 | $-0.26 | $-1.05 | $-0.12 | $0.34 | $-0.79 |
| Free Cash Flow | 74M | 55M | 97M | 131M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 158M | 189M | 501M | 589M | 291M | 194M | 365M | 415M | 359M | 331M | 336M |
| Gross Margin | 99.3% | 73.4% | 22.8% | 80.6% | 6.7% | 14.8% | 53.2% | 45.6% | 57.9% | 30.9% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 15M | 13M | 27M | 32M | 27M | 50M | 33M | 40M | 35M | 35M | 12M |
| EBIT | 99M | 106M | -86M | -326M | -301M | -39M | 158M | 159M | 21M | 73M | 0 |
| Op. Margin | 62.3% | 55.9% | -17.1% | -55.4% | -103.6% | -20.2% | 43.5% | 38.3% | 5.9% | 22.0% | 0.0% |
| Net Income | 71M | 83M | -170M | -417M | -354M | -101M | 44M | -16M | -134M | -33M | -29M |
| Net Margin | 44.9% | 43.7% | -33.9% | -70.8% | -121.5% | -52.0% | 12.1% | -3.7% | -37.3% | -10.0% | -8.6% |
| Non-Recurring | 0 | 0 | 32M | 283M | 43M | 109M | 0 | 7.6M | 54M | 62M | 62M |
| Returns on Capital | |||||||||||
| ROIC | 8.0% | 7.6% | -5.0% | -7.8% | -7.6% | -2.3% | 2.8% | 3.0% | 0.5% | 1.7% | 0.0% |
| ROE | 6.0% | 7.1% | -9.0% | -17.3% | -18.7% | -6.5% | 3.1% | -1.2% | -11.5% | -3.3% | -3.4% |
| ROA | N/A | 9.0% | -3.2% | -5.2% | -5.2% | -1.7% | 0.9% | -0.3% | -3.4% | -0.9% | -0.8% |
| Cash Flow | |||||||||||
| Op. Cash Flow | 89M | 107M | 101M | 137M | 96M | -21M | 125M | 138M | 103M | 73M | 85M |
| Free Cash Flow | 88M | 107M | -314M | 113M | 73M | -31M | 121M | 131M | 97M | 55M | 74M |
| Owner Earnings | 88M | 98M | 2.6M | 23M | 32M | -72M | 83M | 90M | 51M | 24M | 41M |
| CapEx | 67K | 312K | 415M | 24M | 23M | 9.9M | 4.0M | 7.1M | 6.1M | 18M | 12M |
| Maint. CapEx | 146K | 9.1M | 91M | 103M | 60M | 36M | 34M | 34M | 41M | 36M | 32M |
| Growth CapEx | 0 | 0 | 324M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 146K | 9.1M | 91M | 103M | 60M | 36M | 34M | 34M | 41M | 36M | 32M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.7% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 0 | 185M | 218M | 52M | 52M | 99M | 104M | 99M | 83M | 84M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 14.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 18M | 0 | 6.6M | 11M | 11M |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.9% |
| Stock-Based Comp | 0 | 0 | 7.1M | 11M | 4.4M | 14M | 7.9M | 14M | 12M | 13M | 12M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||
| Net Debt | 67M | 364M | 3.7B | 4.0B | 2.4B | 3.8B | 4.2B | 3.6B | 3.0B | 3.5B | 3.6B |
| Cash & Equiv. | 14M | 25M | 77M | 70M | 475M | 260M | 306M | 258M | 302M | 67M | 68M |
| Long-Term Debt | 81M | 390M | 2.6B | 3.2B | 2.4B | 3.2B | 3.2B | 2.7B | 2.5B | 2.5B | 2.7B |
| Debt/Equity | 0.07 | 0.36 | 1.47 | 2.02 | 1.76 | 2.80 | 3.25 | 3.03 | 3.13 | 3.78 | 4.25 |
| Interest Coverage | 3.8 | 5.0 | -1.8 | -3.7 | -4.8 | -0.7 | 1.4 | 0.9 | 0.1 | 0.6 | 0.6 |
| Equity | 1.2B | 1.1B | 2.7B | 2.1B | 1.7B | 1.5B | 1.4B | 1.3B | 1.0B | 938M | 863M |
| Total Assets | N/A | 1.8B | 8.7B | 7.4B | 6.2B | 5.6B | 4.8B | 4.2B | 3.7B | 3.6B | 3.7B |
| Total Liabilities | 314K | 432M | 5.8B | 5.2B | 4.3B | 4.1B | 3.4B | 2.9B | 2.7B | 2.6B | 2.9B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | 259M | -193M | -820M | -1.2B | -1.4B | -1.5B | -1.6B | -1.8B | -1.9B | -2.0B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | 915M | 848M | 786M | 867M | 825M | 707M | 707M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||
| EPS | 1.60 | 0.67 | -0.99 | -3.25 | -2.75 | -0.79 | 0.34 | -0.12 | -1.05 | -0.26 | -0.23 |
| Owner EPS | 1.99 | 0.79 | 0.02 | 0.18 | 0.25 | -0.56 | 0.64 | 0.70 | 0.40 | 0.19 | 0.33 |
| Book Value | 27.80 | 8.74 | 15.77 | 16.53 | 12.95 | 11.38 | 10.68 | 9.86 | 8.22 | 7.39 | 6.83 |
| Cash Flow/Share | 1.99 | 0.87 | 0.59 | 1.07 | 0.75 | -0.17 | 0.96 | 1.06 | 0.81 | 0.58 | 0.02 |
| Dividends/Share | 0.00 | 0.00 | 1.60 | 1.65 | 0.30 | 0.58 | 0.79 | 0.80 | 0.72 | 0.64 | 0.67 |
| Shares Out. | 44.5M | 123.5M | 171.7M | 128.2M | 128.6M | 127.9M | 130.0M | 129.6M | 127.5M | 126.9M | 126.3M |
| Valuation | |||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -19.6 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 7.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.7 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.0% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 567M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.49 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.49 |
BrightSpire Capital, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 1.1% with a gross margin of 40.5%. Total shareholder yield (dividends + buybacks) is 16.8%.
BrightSpire Capital, Inc. (BRSP) has a 5-year average return on invested capital (ROIC) of 1.1%. This is below average and may indicate limited pricing power.
BrightSpire Capital, Inc. (BRSP) has a market capitalization of $567M. It is classified as a small-cap stock.
Yes, BrightSpire Capital, Inc. (BRSP) pays a dividend with a trailing twelve-month yield of 14.84%. The company also returns capital through share buybacks, with a buyback yield of 1.93%.
BrightSpire Capital, Inc. (BRSP) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
BrightSpire Capital, Inc. (BRSP) reported annual revenue of $331 million in its most recent fiscal year, based on SEC EDGAR filings.
BrightSpire Capital, Inc. (BRSP) has a net profit margin of -10.0%. The company is currently unprofitable.
BrightSpire Capital, Inc. (BRSP) generated $55 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
| 121M |
| -31M |
| ROIC | 0.0% | 1.7% | 0.5% | 3.0% | 2.8% | -2.3% |
|---|
| Gross Margin | - | 30.9% | 57.9% | 45.6% | 53.2% | 14.8% |
|---|
| Debt/Equity | 4.25 | 3.78 | 3.13 | 3.03 | 3.25 | 2.80 |
|---|
| Dividends/Share | $0.67 | $0.64 | $0.72 | $0.80 | $0.79 | $0.58 |
|---|
| Operating Income | 0 | 73M | 21M | 159M | 158M | -39M |
|---|
| Operating Margin | 0.0% | 22.0% | 5.9% | 38.3% | 43.5% | -20.2% |
|---|
| ROE | -3.4% | -3.3% | -11.5% | -1.2% | 3.1% | -6.5% |
|---|
| Shares Outstanding | 126M | 127M | 128M | 130M | 130M | 128M |
|---|
BrightSpire Capital, Inc. (BRSP) has a debt-to-equity ratio of 3.78. This indicates higher leverage, which may increase financial risk.
BrightSpire Capital, Inc. (BRSP) reported earnings per share (EPS) of $-0.26 in its most recent fiscal year.
BrightSpire Capital, Inc. (BRSP) has a return on equity (ROE) of -3.3%. A negative ROE may indicate losses or negative equity.
BrightSpire Capital, Inc. (BRSP) has a 5-year average gross margin of 40.5%. This indicates decent pricing power.
The Ledger Terminal provides 10 years of financial data for BrightSpire Capital, Inc. (BRSP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BrightSpire Capital, Inc. (BRSP) has a book value per share of $7.39, based on its most recent annual SEC filing.