Markets play out themes on long timeframes, destroying income-chasing mentality slowly. BrightSpire delivered another blow to the perpetually poor performance with another dividend cut. We dig in and tell you why it is not too late to hit the exit.
BrightSpire Capital, Inc. (NYSE:BRSP ) Q2 2024 Results Conference Call July 31, 2024 10:00 AM ET Company Participants David Palame - General Counsel Mike Mazzei - Chief Executive Officer Andy Witt - President and Chief Operating Officer Frank Saracino - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Steve Delaney - JMP Securities Matt Howlett - B. Riley Securities Jason Weaver - JonesTrading Tom Catherwood - BTIG Operator Hello, and welcome to the BrightSpire Capital, Inc. Second Quarter 2024 Earnings Call.
BrightSpire (BRSP) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.25 per share a year ago.
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Risk demands a discount on price and a higher yield. Evaluation of risk is highly personal; analysts are often in disagreement. We dig deeper, mining for valuable income.