BrightSpire Capital, Inc.(BRSP)Earnings, Financials & Key Ratios

BRSP•NYSE•REIT / Real Estate

$5.38

Price updated Jul 6, 2026

SectorReal Estate IndustryDiversified REITs Sub-IndustryCommercial Mortgage and Credit REITs

AboutBrightSpire Capital, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties. The company 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.Show more

Revenue$332M-4.5%
FFO$6M+106.8%
FFO/Share0.05+106.8%
FFO Payout1340.44%+1337.8%
FFO per Share0.05+106.8%
NOI Margin49.64%+8.1%
FFO Margin1.87%+107.1%
ROE-3.16%+72.2%
ROA-0.85%+74.3%

BRSP Price & Volume

BrightSpire Capital, Inc. (BRSP) stock price & volume — 10-year historical chart

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Portfolio Contraction Masks Persistent Credit Impairment Risks

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Contracting

Profitability:Strained

Financial:Strained

Cash Flow:Mixed

Primary Risk:Legacy office asset impairment

Key Thesis Takeaways

BrightSpire Capital is currently navigating a challenging transition characterized by aggressive portfolio deleveraging and the divestiture of non-core assets to mitigate exposure to distressed commercial real estate.
While the company has successfully reduced its total debt from $3.7B in 2023Q4 to $412.8M in 2026Q1, the underlying profitability remains strained by volatile NOI margins and significant CECL reserve builds.
Investors should monitor the sustainability of the dividend, as the payout ratio relative to AFFO reached 2.55 in 2025Q3, suggesting that future distributions may remain under pressure without meaningful improvements in core earnings.

Verdict Logic

the company's fundamental outlook remains clouded by a P/E TTM of -21.31 and the persistent risk that legacy office asset impairments are not yet fully reflected in the current book value.

BRSP Growth Metrics

BrightSpire Capital, Inc. (BRSP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-4.81%

3 Years-2.57%

TTM-0.33%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM54.49%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM51.19%

Return on Capital

10 Years1.68%

5 Years1.06%

3 Years0.88%

Last Year3.75%

BRSP Recent Earnings

BrightSpire Capital, Inc. (BRSP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 6/12 qtrs (50%)●Beat Revenue 11/12 qtrs (92%)

Q2 2026Latest

Apr 28, 2026

Metric

Actual

Est

EPS

$0.14-6.7%

$0.15

Rev

$68M+8.4%

$63M

Q1 2026

Feb 17, 2026

Metric

Actual

Est

EPS

$0.15-6.3%

$0.16

Rev

$67M+7.8%

$62M

Q4 2025

Oct 28, 2025

Metric

Actual

Est

EPS

$0.16+0.0%

$0.16

Rev

$81M+22.2%

$67M

Q3 2025

Jul 29, 2025

Metric

Actual

Est

EPS

$0.18+12.5%

$0.16

Rev

$84M+10.9%

$76M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 28, 2026	$0.14vs $0.15-6.7%	$68Mvs $63M+8.4%
Q1 2026	Feb 17, 2026	$0.15vs $0.16-6.3%	$67Mvs $62M+7.8%
Q4 2025	Oct 28, 2025	$0.16vs $0.16+0.0%	$81Mvs $67M+22.2%
Q3 2025	Jul 29, 2025	$0.18vs $0.16+12.5%	$84Mvs $76M+10.9%

Based on last 12 quarters of dataView full earnings history →

Latest BRSP News

Recent stock market news and headlines for BrightSpire Capital, Inc. (BRSP)

Business Wire·10h ago

BrightSpire Capital, Inc. Announces Second Quarter 2026 Earnings Release and Conference Call Dates

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release second quarter 2026 financial results on Tuesday, July 28, 2026, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, July 29, 2026, at 10:00 a.m. ET / 7:00 a.m. PT. To participate in the event by telephone, please dial (833) 821-4389 ten minutes prior to the start time (to allow time for registration). Int.

Peers Comparison

Key metrics vs top competitors for BrightSpire Capital, Inc. (BRSP)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
BRSPBrightSpire Capital, Inc.Current	$5.38	$700.9M	-20.69	-4.5%	-9.39%	-3.16%	12.16%
ACREAres Commercial Real Estate Corporation	$4.53	$251.33M	-276.22	-2.79%	-24.91%	-3.88%	—
TPVGTriplePoint Venture Growth BDC Corp.	$4.79	$194.47M	3.93	36.55%	-19.55%	-3.39%	—
RCReady Capital Corporation	$1.66	$274.26M	-1.15	1725.96%	-290.69%	-29.57%	—
GPMTGranite Point Mortgage Trust Inc.	$1.46	$69.96M	-1.26	187.77%	-30.49%	-7.1%	—
BXMTBlackstone Mortgage Trust, Inc.	$17.46	$2.95B	27.28	-13.96%	6.75%	2.93%	—

Compare BRSP vs Peers

BrightSpire Capital, Inc. (BRSP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ACRE

Most directly comparable listed peer for BRSP.

Scale Benchmark

vs MS

Larger-name benchmark to compare BRSP against a more recognizable public peer.

Peer Set

Compare Top 5

vs ACRE, TPVG, RC, GPMT

BRSP SEC Filings & Documents

BrightSpire Capital, Inc. (BRSP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 28, 2026·SEC

Material company update

Apr 1, 2026·SEC

Material company update

Mar 18, 2026·SEC

10-K Annual Reports

FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 19, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 29, 2025·SEC

FY 2025

Jul 30, 2025·SEC

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BRSP Frequently Asked Questions

BrightSpire Capital, Inc. (BRSP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is BrightSpire Capital, Inc.'s revenue?

BrightSpire Capital, Inc. (BRSP) reported $334.1M in revenue for fiscal year 2025. This represents a 136% increase from $141.7M in 2016.

How fast is BrightSpire Capital, Inc. growing?

BrightSpire Capital, Inc. (BRSP) saw revenue decline by 4.5% over the past year.

Is BRSP profitable?

BrightSpire Capital, Inc. (BRSP) reported a net loss of $31.6M for fiscal year 2025.

Dividend & Returns

Does BRSP pay dividends?

Yes, BrightSpire Capital, Inc. (BRSP) pays a dividend with a yield of 12.16%. This makes it attractive for income-focused investors.

What is BRSP's return on equity?

BrightSpire Capital, Inc. (BRSP) has a return on equity (ROE) of -3.2%. Negative ROE indicates the company is unprofitable.

Industry Metrics

What is BrightSpire Capital, Inc.'s FFO?

BrightSpire Capital, Inc. (BRSP) generated Funds From Operations (FFO) of $2.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is BRSP a good dividend stock?

BrightSpire Capital, Inc. (BRSP) offers a 12.16% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in BRSP back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

Apr 28, 2026

$0.14vs $0.15-6.7%

$68Mvs $63M+8.4%

Q1 2026

Feb 17, 2026

$0.15vs $0.16-6.3%

$67Mvs $62M+7.8%

Q4 2025

Oct 28, 2025

$0.16vs $0.16+0.0%

$81Mvs $67M+22.2%

Q3 2025

Jul 29, 2025

$0.18vs $0.16+12.5%

$84Mvs $76M+10.9%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

BRSPBrightSpire Capital, Inc.Current

$5.38

$700.9M

-20.69

-4.5%

-9.39%

-3.16%

12.16%

ACREAres Commercial Real Estate Corporation

$4.53

$251.33M

-276.22

-2.79%

-24.91%

-3.88%

—

TPVGTriplePoint Venture Growth BDC Corp.

$4.79

$194.47M

3.93

36.55%

-19.55%

-3.39%

—

RCReady Capital Corporation

$1.66

$274.26M

-1.15

1725.96%

-290.69%

-29.57%

—

GPMTGranite Point Mortgage Trust Inc.

$1.46

$69.96M

-1.26

187.77%

-30.49%

-7.1%

—

BXMTBlackstone Mortgage Trust, Inc.

$17.46

$2.95B

27.28

-13.96%

6.75%

2.93%

—