BrightSpire 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. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. 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 founded in 2017 and is headquartered in New York, New York.
IPO Year: 2018
Exchange: NYSE
Website: brightspire.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/19/2024 | Neutral | BTIG Research | |
| 5/3/2024 | Outperform → Mkt Perform | Raymond James | |
| 3/4/2024 | $6.50 | Neutral → Underperform | BofA Securities |
| 11/15/2023 | $6.00 | Equal Weight | Barclays |
| 4/25/2023 | Neutral | BTIG Research | |
| 12/6/2022 | Buy → Neutral | BTIG Research | |
| 2/18/2022 | $9.50 | Neutral | B of A Securities |
| 12/17/2021 | $11.00 | Market Outperform | JMP Securities |
| 11/2/2021 | $12.50 | Market Perform → Outperform | Raymond James |
| 8/19/2021 | $11.50 | Neutral → Buy | BTIG Research |
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced its financial results for the third quarter 2024 and certain updates. The Company reported third quarter 2024 GAAP net income attributable to common stockholders of $12.7 million, or $0.10 per share, Distributable Earnings of $17.9 million, or $0.14 per share, and Adjusted Distributable Earnings of $27.0 million, or $0.21 per share. The Company reported GAAP net book value of $8.39 per share and undepreciated book value of $9.11 per share as of September 30, 2024. Michael J. Mazzei, Chief Executive Officer, commented, "The Company had a productive quarter highlighted by the successful execution o
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced it will release third quarter 2024 financial results on Tuesday, October 29, 2024, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, October 30, 2024, at 10:00 a.m. ET / 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 300-8521 ten minutes prior to the start time (to allow time for registration). International callers should dial (412) 317-6026. The call will also be broadcast live over the Internet and can be accessed on the ‘Shareholders' section of the Company's website at www.brightspire.com. A webcast of the call
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") announced that the Company priced BRSP 2024-FL2, a $675 million managed Commercial Real Estate Collateralized Loan Obligation (the "2024-FL2 CLO") on August 1, 2024. The transaction is scheduled to close on August 15, 2024. The 2024-FL2 CLO is collateralized by interests in 22 first-lien floating-rate mortgages secured by 25 properties, with an 86.50% initial advance rate at a weighted average coupon at issuance of Term SOFR+2.47%, before transaction costs. The asset collateral is located across 9 states and primarily consists of multifamily properties (74.3%), mixed-use (13.8%), hospitality (7.1%), office (2.8
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced its financial results for the second quarter 2024 and certain updates. The Company reported second quarter 2024 GAAP net loss attributable to common stockholders of ($67.9) million, or ($0.53) per share, Distributable Earnings of $17.0 million, or $0.13 per share, and Adjusted Distributable Earnings of $28.8 million, or $0.22 per share. The Company reported GAAP net book value of $8.41 per share and undepreciated book value of $9.08 per share as of June 30, 2024. In addition, the Board of Directors of BrightSpire Capital declared a dividend of $0.16 per share of Class A common stock with respect
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced it will release second quarter 2024 financial results on Tuesday, July 30, 2024, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, July 31, 2024, at 10:00 a.m. ET / 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). International callers should dial (201) 689-8560. The call will also be broadcast live over the Internet and can be accessed on the ‘Shareholders' section of the Company's website at www.brightspire.com. A webcast of the call wil
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced that the Company's Board of Directors has declared a dividend of $0.20 per share of Class A common stock for the quarter ending June 30, 2024. The dividend is payable on July 15, 2024 to stockholders of record as of June 28, 2024. About BrightSpire Capital, Inc. BrightSpire Capital, Inc. (NYSE:BRSP) is internally managed and one of the largest publicly traded commercial real estate (CRE) credit REITs, focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. CRE de
Company to Host Investor Meetings June 4-5 BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced that Mike Mazzei, Chief Executive Officer, and other members of the senior management team will participate in a fireside chat presentation at Nareit's REITweek: 2024 Investor Conference on Tuesday, June 4, 2024 at 1:30 pm ET. The fireside chat presentation will be moderated by Steve DeLaney, Managing Director, Equity Research and Director of Mortgage & Real Estate Finance Research at Citizens JMP. A live audio webcast can be accessed from the ‘Shareholders' section of the Company's website at www.brightspire.com. For those unable to listen to the liv
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced its financial results for the first quarter 2024 and certain updates. The Company reported first quarter 2024 GAAP net loss attributable to common stockholders of ($57.1) million, or ($0.45) per share, Distributable Earnings of $22.5 million, or $0.17 per share, and Adjusted Distributable Earnings of $29.7 million, or $0.23 per share. The Company reported GAAP net book value of $9.10 per share and undepreciated book value of $10.67 per share as of March 31, 2024. Michael J. Mazzei, Chief Executive Officer, commented, "We continue to remain focused on the balance sheet and maintaining ample liqui
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced it will release first quarter 2024 financial results before the market opens on Wednesday, May 1, 2024. The Company will conduct a conference call to discuss the results the same day at 10:00 a.m. ET / 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). International callers should dial (201) 689-8560. The call will also be broadcast live over the Internet and can be accessed on the ‘Shareholders' section of the Company's website at www.brightspire.com. A webcast of the call will be available for
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced that the Company's Board of Directors has declared a dividend of $0.20 per share of Class A common stock for the quarter ending March 31, 2024. The dividend is payable on April 15, 2024 to stockholders of record as of March 29, 2024. About BrightSpire Capital, Inc. BrightSpire Capital, Inc. (NYSE:BRSP) is internally managed and one of the largest publicly traded commercial real estate (CRE) credit REITs, focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. CRE
Urban Edge Properties (NYSE:UE) announced today the appointment of Catherine D. Rice to the Company's Board of Trustees, effective March 15, 2023. Ms. Rice is a seasoned leader with an extensive background in the real estate and financial industries and on public company boards. Her more than thirty-five years of experience includes key management and CFO roles with public and private real estate companies and deep expertise in the public and private capital markets where she has been involved in over $50 billion of capital-raising and financial advisory transactions. "We are thrilled to welcome Katy to our Board," said Jeff Olson, Chairman and CEO. "She brings valuable expertise across a
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") announced today the appointment of Catherine Long, former founding member, executive vice president, chief financial officer, treasurer and assistant secretary of STORE Capital Corporation (NYSE:STOR), as an independent director to the Company's Board of Directors and member of its audit committee. Following the appointment of Ms. Long effective December 1, 2021, the increased Board of Directors now comprises 7 directors, 6 of whom are independent. "We are pleased to welcome Catherine Long to the BrightSpire Capital Board of Directors," said Catherine D. Rice, independent chairwoman of BrightSpire Capital. "Cath
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced the appointment of Kim S. Diamond, former founding executive of Kroll Bond Rating Agency and managing director at Standard & Poor's, as an independent director to the Company's Board of Directors. Following the appointment of Ms. Diamond effective October 13, 2021, the increased Board will now comprise 6 directors, 5 of whom are independent. "We are pleased to welcome Kim Diamond to the BrightSpire Capital Board of Directors," said Catherine D. Rice, independent chairwoman of BrightSpire Capital. "Kim's extensive background in commercial real estate credit and risk oversight will be invaluable to
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
4 - BrightSpire Capital, Inc. (0001717547) (Issuer)
BTIG Research resumed coverage of BrightSpire Capital with a rating of Neutral
Raymond James downgraded BrightSpire Capital from Outperform to Mkt Perform
BofA Securities downgraded BrightSpire Capital from Neutral to Underperform and set a new price target of $6.50
Barclays initiated coverage of BrightSpire Capital with a rating of Equal Weight and set a new price target of $6.00
BTIG Research resumed coverage of BrightSpire Capital with a rating of Neutral
BTIG Research downgraded BrightSpire Capital from Buy to Neutral
B of A Securities initiated coverage of BrightSpire Capital with a rating of Neutral and set a new price target of $9.50
JMP Securities initiated coverage of BrightSpire Capital with a rating of Market Outperform and set a new price target of $11.00
Raymond James upgraded BrightSpire Capital from Market Perform to Outperform and set a new price target of $12.50
BTIG Research upgraded BrightSpire Capital from Neutral to Buy and set a new price target of $11.50
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10-Q - BrightSpire Capital, Inc. (0001717547) (Filer)
8-K - BrightSpire Capital, Inc. (0001717547) (Filer)
8-K - BrightSpire Capital, Inc. (0001717547) (Filer)
8-K - BrightSpire Capital, Inc. (0001717547) (Filer)
10-Q - BrightSpire Capital, Inc. (0001717547) (Filer)
8-K - BrightSpire Capital, Inc. (0001717547) (Filer)
8-K - BrightSpire Capital, Inc. (0001717547) (Filer)
10-Q - BrightSpire Capital, Inc. (0001717547) (Filer)
8-K - BrightSpire Capital, Inc. (0001717547) (Filer)
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BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced its financial results for the third quarter 2024 and certain updates. The Company reported third quarter 2024 GAAP net income attributable to common stockholders of $12.7 million, or $0.10 per share, Distributable Earnings of $17.9 million, or $0.14 per share, and Adjusted Distributable Earnings of $27.0 million, or $0.21 per share. The Company reported GAAP net book value of $8.39 per share and undepreciated book value of $9.11 per share as of September 30, 2024. Michael J. Mazzei, Chief Executive Officer, commented, "The Company had a productive quarter highlighted by the successful execution o
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced it will release third quarter 2024 financial results on Tuesday, October 29, 2024, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, October 30, 2024, at 10:00 a.m. ET / 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 300-8521 ten minutes prior to the start time (to allow time for registration). International callers should dial (412) 317-6026. The call will also be broadcast live over the Internet and can be accessed on the ‘Shareholders' section of the Company's website at www.brightspire.com. A webcast of the call
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced its financial results for the second quarter 2024 and certain updates. The Company reported second quarter 2024 GAAP net loss attributable to common stockholders of ($67.9) million, or ($0.53) per share, Distributable Earnings of $17.0 million, or $0.13 per share, and Adjusted Distributable Earnings of $28.8 million, or $0.22 per share. The Company reported GAAP net book value of $8.41 per share and undepreciated book value of $9.08 per share as of June 30, 2024. In addition, the Board of Directors of BrightSpire Capital declared a dividend of $0.16 per share of Class A common stock with respect
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced it will release second quarter 2024 financial results on Tuesday, July 30, 2024, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, July 31, 2024, at 10:00 a.m. ET / 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). International callers should dial (201) 689-8560. The call will also be broadcast live over the Internet and can be accessed on the ‘Shareholders' section of the Company's website at www.brightspire.com. A webcast of the call wil
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced that the Company's Board of Directors has declared a dividend of $0.20 per share of Class A common stock for the quarter ending June 30, 2024. The dividend is payable on July 15, 2024 to stockholders of record as of June 28, 2024. About BrightSpire Capital, Inc. BrightSpire Capital, Inc. (NYSE:BRSP) is internally managed and one of the largest publicly traded commercial real estate (CRE) credit REITs, focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. CRE de
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced its financial results for the first quarter 2024 and certain updates. The Company reported first quarter 2024 GAAP net loss attributable to common stockholders of ($57.1) million, or ($0.45) per share, Distributable Earnings of $22.5 million, or $0.17 per share, and Adjusted Distributable Earnings of $29.7 million, or $0.23 per share. The Company reported GAAP net book value of $9.10 per share and undepreciated book value of $10.67 per share as of March 31, 2024. Michael J. Mazzei, Chief Executive Officer, commented, "We continue to remain focused on the balance sheet and maintaining ample liqui
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced it will release first quarter 2024 financial results before the market opens on Wednesday, May 1, 2024. The Company will conduct a conference call to discuss the results the same day at 10:00 a.m. ET / 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). International callers should dial (201) 689-8560. The call will also be broadcast live over the Internet and can be accessed on the ‘Shareholders' section of the Company's website at www.brightspire.com. A webcast of the call will be available for
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced that the Company's Board of Directors has declared a dividend of $0.20 per share of Class A common stock for the quarter ending March 31, 2024. The dividend is payable on April 15, 2024 to stockholders of record as of March 29, 2024. About BrightSpire Capital, Inc. BrightSpire Capital, Inc. (NYSE:BRSP) is internally managed and one of the largest publicly traded commercial real estate (CRE) credit REITs, focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. CRE
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") today announced its financial results for the fourth quarter and full year ended December 31, 2023 and certain updates. The Company reported fourth quarter 2023 GAAP net loss attributable to common stockholders of ($16.3) million, or ($0.13) per share, Distributable Earnings of $25.4 million, or $0.20 per share, and Adjusted Distributable Earnings of $35.9 million, or $0.28 per share. For the full year 2023, the Company reported GAAP net loss attributable to common stockholders of ($15.5) million, or ($0.12) per share, Distributable Earnings of $66.1 million, or $0.51 per share, and Adjusted Distributable Earning
BrightSpire Capital, Inc. (NYSE:BRSP) ("BrightSpire Capital" or the "Company") announced the tax treatment of its 2023 common stock dividends. The following table summarizes BrightSpire Capital's common stock dividend payments for the tax year ended December 31, 2023. Class of Stock CUSIP Record Date PaymentDate AmountDistributed TaxableOrdinaryDividends Return ofCapital Common 10949T 109 12/31/2022 1/17/2023 $ 0.200000 $ - $ 0.200000 Common 10949T 109 3/31/2023 4/17/2023 $ 0.200000 $ - $ 0.200000 Common 10949T 109 6/30/2023 7/14/2023 $ 0.200000 $ -
BTIG analyst Thomas Catherwood assumes BrightSpire Capital (NYSE:BRSP) with a Neutral rating.
Barclays analyst Terry Ma maintains BrightSpire Capital (NYSE:BRSP) with a Equal-Weight and lowers the price target from $8 to $7.
BrightSpire Capital (NYSE:BRSP) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.18 by 27.78 percent.
U.S. stock futures were higher this morning, with the Dow futures gaining by more than 100 points on Wednesday. Shares of GameStop Corp. (NYSE:GME) fell sharply in today’s pre-market trading as the company posted weaker-than-expected results for its fourth quarter on Tuesday. GameStop reported fourth-quarter net sales of $1.794 billion, down from $2.226 billion year-over-year. The net sales total missed a Street consensus estimate of $2.05 billion, according to data from Benzinga Pro. The company reported earnings per share of 22 cents for the fourth quarter, missing a Street estimate of 29 cents per share. GameStop shares dipped 14.9% to $13.19 in pre-market trading. Here are some big
Bank of America has downgraded six players in the Commercial Real Estate (CRE) mortgage REIT sector, citing interest rate headwinds and weakening fundamentals that spell a “rocky road ahead” for the industry. Eric Dray, CFA, a research analyst at Bank of America, conveyed in a note to clients on Monday that the sector might see a downward trend in book values and sustained tepid investor sentiment over the coming quarters. “The office sector has faced headwinds from slow return-to-office in the U.S.,” according to Bank of America, as evidenced by a minimal effective rent growth of just 0.5% year-over-year in the fourth quarter of 2023, coupled with a climb in vacancy rates to 19.6%.
B of A Securities analyst Eric Dray downgrades BrightSpire Capital (NYSE:BRSP) from Neutral to Underperform and announces $6.5 price target.
BrightSpire Capital (NYSE:BRSP) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.24 by 16.67 percent. The company reported quarterly sales of $30.21 million which beat the analyst consensus estimate of $29.56 million by 2.20 percent. This is a 48.76 percent decrease over sales of $58.97 million the same period last year.
BrightSpire Capital (NYSE:BRSP) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.24 by 16.67 percent. This is a 3.7 percent increase over earnings of $0.27 per share from the same period last year.
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BrightSpire Capital (NYSE:BRSP) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement. Analysts estimate that BrightSpire Capital will report an earnings per share (EPS) of $0.24. BrightSpire Capital bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.07, which was followed by a 2