BRSP - BrightSpire Capital, Inc. Stock Price, Fair Value and News

6.32USD+0.03 (+0.48%)Delayed

Market Summary

USD6.32+0.03

Delayed

0.48%

BRSP Alerts

Big fall in Revenue (Y/Y)

Big fall in earnings (Y/Y)
Losses in recent quarter

BRSP Stock Price

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BRSP RSI Chart

BRSP Valuation

Market Cap

825.6M

Price/Earnings (Trailing)

-12.05

Price/Sales (Trailing)

3.29

EV/EBITDA

5.71

Price/Free Cashflow

6.74

BRSP Price/Sales (Trailing)

BRSP Profitability

EBT Margin

-26.90%

Return on Equity

-5.76%

Return on Assets

-1.74%

Free Cashflow Yield

14.84%

BRSP Fundamentals

BRSP Revenue

Revenue (TTM)

251.3M

Rev. Growth (Yr)

-62.7%

Rev. Growth (Qtr)

-61.43%

BRSP Earnings

Earnings (TTM)

-68.5M

Earnings Growth (Yr)

-1.3K%

Earnings Growth (Qtr)

-250.73%

Breaking Down BRSP Revenue

Last 7 days

5.2%

Last 30 days

2.3%

Last 90 days

-7.1%

Trailing 12 Months

8.6%

How does BRSP drawdown profile look like?

BRSP Financial Health

BRSP Investor Care

Dividend Yield

12.66%

Dividend/Share (TTM)

0.8

Shares Dilution (1Y)

0.53%

Diluted EPS (TTM)

-0.55

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	251.3M	0	0	0
2023	267.2M	288.5M	300.4M	298.7M
2022	179.0M	194.2M	210.8M	236.2M
2021	129.3M	131.9M	137.2M	168.8M
2020	254.9M	225.1M	202.5M	156.9M
2019	216.5M	241.3M	251.7M	256.3M
2018	79.1M	82.5M	130.1M	182.2M
2017	0	0	0	85.1M
2016	0	0	0	0

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Tracking the Latest Insider Buys and Sells of BrightSpire Capital, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 27, 2024	palame david a	sold	-338,000	6.76	-50,000	see remarks
Mar 15, 2024	witt andrew elmore	sold (taxes)	-573,014	6.71	-85,397	see remarks
Mar 15, 2024	palame david a	acquired	-	-	72,601	see remarks
Mar 15, 2024	palame david a	sold (taxes)	-333,467	6.71	-49,697	see remarks
Mar 15, 2024	mazzei michael	acquired	-	-	223,547	ceo
Mar 15, 2024	mazzei michael	sold (taxes)	-1,153,320	6.71	-171,881	ceo
Mar 15, 2024	saracino frank v	acquired	-	-	70,790	see remarks
Mar 15, 2024	saracino frank v	sold (taxes)	-322,462	6.71	-48,057	see remarks
Mar 15, 2024	witt andrew elmore	acquired	-	-	111,774	see remarks
May 17, 2023	rice catherine	acquired	-	-	18,657	-

Which funds bought or sold BRSP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	AVENIR CORP	unchanged	-	-160,806	2,014,460	0.17%
May 16, 2024	B. Riley Wealth Advisors, Inc.	unchanged	-	-19,989	109,431	-%
May 16, 2024	WealthPlan Investment Management, LLC	sold off	-100	-79,072	-	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-78.98	-965,152	233,268	-%
May 16, 2024	Beacon Capital Management, LLC	reduced	-5.08	882	20,601	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.12	-123,588	894,591	-%
May 15, 2024	ZACKS INVESTMENT MANAGEMENT	new	-	164,936	164,936	-%
May 15, 2024	Voya Investment Management LLC	reduced	-41.48	-280,461	331,159	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	4.22	-26,000	727,000	-%
May 15, 2024	Royal Bank of Canada	reduced	-54.69	-340,000	246,000	-%

Are Funds Buying or Selling BRSP?

Are funds buying BRSP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BRSP

No. of Funds

Unveiling BrightSpire Capital, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	nut tree capital management, lp	8.5%	10,993,946	SC 13G/A
Jan 25, 2024	blackrock inc.	8.7%	11,293,677	SC 13G
Jan 10, 2024	vanguard group inc	10.27%	13,353,915	SC 13G/A
Mar 03, 2023	digitalbridge group, inc.	0.1%	79,001	SC 13D/A
Feb 14, 2023	nut tree capital management, lp	7.3%	9,414,811	SC 13G/A
Feb 09, 2023	vanguard group inc	6.94%	8,947,191	SC 13G/A
Feb 01, 2023	blackrock inc.	5.8%	7,456,988	SC 13G/A
Mar 03, 2022	digitalbridge group, inc.	27.0%	34,990,945	SC 13D/A
Feb 14, 2022	nut tree capital management, lp	7.7%	1e+07	SC 13G
Feb 09, 2022	vanguard group inc	6.51%	8,449,862	SC 13G/A

Recent SEC filings of BrightSpire Capital, Inc.

View All Filings

Date Filed	Form Type	Document
May 16, 2024	8-K	Current Report
May 01, 2024	8-K	Current Report
May 01, 2024	10-Q	Quarterly Report
Mar 29, 2024	4	Insider Trading
Mar 27, 2024	DEFA14A	DEFA14A
Mar 27, 2024	DEF 14A	DEF 14A
Mar 27, 2024	ARS	ARS
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to BrightSpire Capital, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

BrightSpire Capital, Inc. News

Latest updates

BrightSpire Capital, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-61.4%	28,204	73,118	75,630	74,339	75,616	74,857	63,671	53,083	44,570	49,468	47,082	37,921	34,374	17,859	41,708	35,362	61,922	63,464	64,312	65,201	63,311
Costs and Expenses	48.5%	112,820	75,960	46,315	62,584	72,083	53,474	75,033	44,567	35,706	29,530	37,751	42,914	160,820	59,998	70,597	84,897	145,761	82,663	473,527	212,095	87,989
Operating Expenses	-	-	-	-	-	-	88.00	241	245	97.00	156	225	161	766	-	-	-	-	-	-	-	-
S&GA Expenses	-	-	-	-	-	-	-	-	-	-	11,551	11,812	14,053	12,595	6,982	5,780	6,751	7,038	31,936	7,732	8,010	6,653
EBITDA Margin	-31.4%	0.42*	0.61*	0.67*	0.55*	0.67*	0.83*	1.20*	1.45*	1.39*	0.74*	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-84.2%	6,782	42,905	43,647	44,095	42,662	41,335	32,944	21,455	16,072	15,034	14,962	12,993	12,495	12,128	13,426	16,745	20,744	55,415	23,167	21,046	19,292
Income Taxes	42.0%	252	178	200	310	400	1,306	633	500	36.00	6,129	2,065	-100	-1,801	652	-15,357	2,102	1,700	3,172	1,046	-133	-369
Earnings Before Taxes	-253.0%	-56,855	-16,107	12,550	-7,188	-12,867	5,532	-19,835	35,096	28,411	90,290	26,298	10,038	-93,816	4,641	-7,148	-153,205	-95,597	-496,418	-385,044	-123,480	-6,722
EBT Margin	-240.3%	-0.27*	-0.08*	-0.01*	-0.12*	0.03*	0.21*	0.64*	0.93*	0.87*	0.19*	-	-	-	-	-	-	-	-	-	-	-
Net Income	-250.7%	-57,103	-16,281	12,389	-7,498	-4,202	3,731	-20,463	34,631	28,400	84,083	-70,057	-23,616	-94,493	-45,028	5,007	-240,584	-80,141	-462,648	-356,031	-110,790	14,957
Net Income Margin	-422.2%	-0.27*	-0.05*	0.01*	-0.10*	0.05*	0.20*	0.60*	0.40*	0.11*	-0.62*	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-32.5%	24,577	36,407	38,464	23,080	39,673	36,297	34,366	22,257	32,357	49,715	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q3	2019Q2
Assets	-6.0%	3,947	4,198	4,353	4,355	4,604	4,750	5,781	5,840	5,801	5,638	5,479	5,442	6,181	6,212	6,512	6,850	7,194	7,414	7,444	1,200	9,040
Cash Equivalents	-14.0%	222	258	236	218	314	306	286	318	246	260	209	210	430	475	462	438	394	70.00	60.00	-	60.00
Liabilities	-5.6%	2,757	2,920	3,037	3,032	3,249	3,361	4,377	4,387	4,305	4,147	3,799	3,654	4,346	4,253	4,495	4,849	5,220	5,213	5,235	1,200	6,377
Shareholder's Equity	-6.8%	1,190	1,277	1,314	1,323	1,355	1,388	1,403	1,453	1,496	1,491	1,679	1,788	1,836	1,959	2,017	2,001	1,974	2,201	2,209	-	2,663
Retained Earnings	-5.2%	-1,669	-1,586	-1,543	-1,530	-1,496	-1,466	-1,445	-1,398	-1,407	-1,410	-1,468	-1,377	-1,339	-1,234	-1,181	-1,186	-959	-819	-809	-	-397
Additional Paid-In Capital	-0.1%	2,863	2,865	2,862	2,856	2,853	2,854	2,852	2,850	2,857	2,856	2,855	2,852	2,847	2,844	2,843	2,840	2,908	2,909	2,906	-	2,903
Shares Outstanding	0.2%	127	127	127	127	127	127	127	128	129	128	128	128	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	865	-	-	-	646	-	-	-	790	-	-	-	587	-	-	-	-	1,280

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-32.5%	25.00	36.00	38.00	23.00	40.00	36.00	34.00	22.00	32.00	50.00	58.00	-130	2.00	51.00	15.00	-27.64	57.00	24.00	50.00	25.00	38.00
Share Based Compensation	-23.0%	2.00	3.00	6.00	3.00	2.00	2.00	2.00	2.00	2.00	2.00	3.00	5.00	4.00	1.00	1.00	2.00	0.00	4.00	3.00	3.00	2.00
Cashflow From Investing	-48.8%	79.00	155	31.00	128	70.00	367	-43.13	-16.12	-218	-81.10	-197	-238	-38.33	171	381	174	275	43.00	-37.95	-440	19.00
Cashflow From Financing	2.4%	-159	-163	-38.80	-241	-114	-396	-8.88	74.00	170	101	128	174	-18.53	-218	-383	-178	27.00	-71.58	14.00	391	-46.62
Dividend Payments	-100.0%	-	26.00	26.00	26.00	26.00	26.00	26.00	24.00	24.00	21.00	18.00	13.00	-	0.00	-	13.00	39.00	50.00	56.00	56.00	56.00
Buy Backs	-	-	-	-	-	-	-	-	18.00	-	-	-	-	-	-	-	-	-	-	-	-	-

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BRSP Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net interest income
Interest income	$ 67,563	$ 75,616
Interest expense	(40,133)	(42,662)
Net interest income	27,430	32,954
Property and other income
Property operating income	25,105	22,551
Other income	3,099	3,056
Total property and other income	28,204	25,607
Expenses
Property operating expense	8,645	5,852
Transaction, investment and servicing expense	622	835
Interest expense on real estate	6,782	5,509
Depreciation and amortization	10,390	7,996
Increase of current expected credit loss reserve	74,411	39,613
Compensation and benefits (including $2,170 and $2,295 of equity-based compensation expense, respectively)	8,771	8,805
Operating expense	3,199	3,473
Total expenses	112,820	72,083
Other income
Other gain, net	331	655
Loss before equity in earnings of unconsolidated ventures and income taxes	(56,855)	(12,867)
Equity in earnings (loss) of unconsolidated ventures	0	9,055
Income tax expense	(252)	(390)
Net loss	(57,107)	(4,202)
Net loss attributable to noncontrolling interests:
Investment entities	4	75
Net loss attributable to BrightSpire Capital, Inc. common stockholders	$ (57,103)	$ (4,127)
Net loss per common share - basic (in dollars per share)	$ (0.45)	$ (0.03)
Net loss per common share - diluted (in dollars per share)	$ (0.45)	$ (0.03)
Weighted average shares of common stock outstanding - basic (in shares)	127,326,000	126,665,000
Weighted average shares of common stock outstanding - diluted (in shares)	127,326,000	126,665,000

BRSP Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 221,505	$ 257,506
Restricted cash	84,735	104,583
Loans held for investment	2,837,563	2,936,506
Current expected credit loss reserve	(150,214)	(76,028)
Loans held for investment, net	2,687,349	2,860,478
Real estate, net	789,438	807,985
Receivables, net	40,922	41,451
Deferred leasing costs and intangible assets, net	54,583	58,971
Assets held for sale	19,605	19,600
Other assets	48,409	47,680
Total assets	3,946,546	4,198,254
Liabilities
Securitization bonds payable, net	906,510	912,545
Mortgage and other notes payable, net	639,194	650,293
Credit facilities	1,031,516	1,152,723
Accrued and other liabilities	80,825	85,501
Intangible liabilities, net	3,773	4,138
Escrow deposits payable	68,778	88,603
Dividends payable	26,026	25,985
Total liabilities	2,756,622	2,919,788
Commitments and contingencies
Stockholders’ equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	0	0
Common stock	1,306	1,300
Additional paid-in capital	2,863,072	2,864,883
Accumulated deficit	(1,669,431)	(1,586,292)
Accumulated other comprehensive loss	(6,150)	(2,556)
Total stockholders’ equity	1,188,797	1,277,335
Noncontrolling interests in investment entities	1,127	1,131
Total equity	1,189,924	1,278,466
Total liabilities and equity	3,946,546	4,198,254
Primary beneficiary
Assets
Cash and cash equivalents	7,208	5,380
Restricted cash	6,773	7,023
Loans held for investment, net	1,146,515	1,170,034
Real estate, net	166,181	166,616
Receivables, net	11,658	11,731
Deferred leasing costs and intangible assets, net	7,006	7,753
Other assets	20,434	20,250
Total assets	1,365,775	1,388,787
Liabilities
Securitization bonds payable, net	906,510	912,545
Mortgage and other notes payable, net	169,550	170,412
Accrued and other liabilities	7,308	5,239
Intangible liabilities, net	3,115	3,460
Escrow deposits payable	1,199	927
Total liabilities	$ 1,087,682	$ 1,092,583

About BrightSpire Capital, Inc.

BrightSpire Capital, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States. The company It focuses on originating, acquiring, financing, and managing a portfolio of CRE mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties. It qualifies as a real estate investment trust for federal income tax purposes. 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 headquartered in New York, New York.

CEO	Mr. Michael Joseph Mazzei
WEBSITE	brightspire.com
INDUSTRY	REIT Mortgage
EMPLOYEES	54

BrightSpire Capital, Inc. Frequently Asked Questions

What is the ticker symbol for BrightSpire Capital, Inc.? What does BRSP stand for in stocks?

BRSP is the stock ticker symbol of BrightSpire Capital, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of BrightSpire Capital, Inc. (BRSP)?

As of Fri May 17 2024, market cap of BrightSpire Capital, Inc. is 825.62 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BRSP stock?

You can check BRSP's fair value in chart for subscribers.

What is the fair value of BRSP stock?

You can check BRSP's fair value in chart for subscribers. The fair value of BrightSpire Capital, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of BrightSpire Capital, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BRSP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is BrightSpire Capital, Inc. a good stock to buy?

The fair value guage provides a quick view whether BRSP is over valued or under valued. Whether BrightSpire Capital, Inc. is cheap or expensive depends on the assumptions which impact BrightSpire Capital, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BRSP.

What is BrightSpire Capital, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, BRSP's PE ratio (Price to Earnings) is -12.05 and Price to Sales (PS) ratio is 3.29. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BRSP PE ratio will change depending on the future growth rate expectations of investors.