BrightSpire Capital: Even CCC-Rated Bonds Have Outperformed It By 56%
Recent sector-wide mortgage REIT selloff, driven by rising long-term interest rates, has pushed BrightSpire Capital to oversold levels. BRSP trades about 26% below its 200-day moving average, signaling a higher probability of a short-term bounce. Short-term technicals now favor a potential rebound, despite persistent company-specific challenges.
BrightSpire Capital Q2 Earnings Call Highlights
BrightSpire Capital NYSE: BRSP reported a second-quarter GAAP net loss attributable to common stockholders of $18.3 million, or $0.15 per share, while adjusted distributable earnings totaled $16.8 million, or $0.13 per share. Distributable earnings were $15.8 million, or $0.12 per share.
BrightSpire (BRSP) Misses Q2 Earnings Estimates
BrightSpire (BRSP) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.18 per share a year ago.
BrightSpire Capital: Dividend Coverage Dips, All-In Yield Compresses (Downgrade)
BrightSpire Capital trades at a deep discount to book value, but its double-digit dividend yield is not fully covered by earnings. BRSP's dividend coverage has declined to 88%, raising the likelihood of a future dividend cut to prevent further book value erosion. The portfolio is now heavily weighted to multifamily loans, with office exposure sharply reduced and new originations focused almost exclusively on multifamily.
BrightSpire Capital, Inc. (BRSP) Q1 2026 Earnings Call Transcript
BrightSpire Capital, Inc. (BRSP) Q1 2026 Earnings Call Transcript
BrightSpire (BRSP) Q1 Earnings and Revenues Lag Estimates
BrightSpire (BRSP) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.16 per share a year ago.
BrightSpire Capital: 11% Yield, 30% Discount, Your Roadmap To Higher Income
BrightSpire Capital trades 30% below its undepreciated book value. Q4 2025 saw $300 million in new loans—the strongest origination quarter in years. Management reduced problem loans by 40% in Q4, proving that losses are well-contained within existing reserves.
BrightSpire (BRSP) Q4 Earnings Lag Estimates
BrightSpire (BRSP) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.18 per share a year ago.
Earnings Preview: BrightSpire (BRSP) Q4 Earnings Expected to Decline
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.
High Yield Vs. Dividend Growth: Why 2026 Is The Year You Can Have Both
High yield provides immediate cash flow, outperforming decades of slow growth. BRSP: Strategic foreclosed property sales provide capital for high-margin new loan originations. EPR management aims for $500 million in 2026 investments via strong balance sheets.
BrightSpire Capital: A Diversified Portfolio And Deep Discount To Book Value
BrightSpire Capital (BRSP) trades at a 22% discount to GAAP book value and is paying out a just-covered 11.15% dividend yield. BRSP's hybrid model, with a growing equity real estate portfolio, drives the bulk of its earnings and distinguishes it from pure-play mREITs. Dividend sustainability is supported by healthy liquidity and a short weighted average loan term of 1.7 years.
BrightSpire Capital, Inc. (BRSP) Q3 2025 Earnings Call Transcript
BrightSpire Capital, Inc. ( BRSP ) Q3 2025 Earnings Call October 29, 2025 10:00 AM EDT Company Participants David Palamé - Executive VP, General Counsel & Secretary Michael Mazzei - CEO & Director Andrew Witt - President & COO Frank Saracino - Executive VP, CFO & Treasurer Conference Call Participants Jason Weaver - JonesTrading Institutional Services, LLC, Research Division Christopher Muller - Citizens JMP Securities, LLC, Research Division William Catherwood - BTIG, LLC, Research Division Gaurav Mehta - Alliance Global Partners, Research Division Presentation Operator Good day, and welcome to the BrightSpire Capital Third Quarter 2025 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to David Palame, General Counsel.
