BrightSpire Capital, Inc.BRSP

NYSEReal EstateReal Estate Investment Trusts
Price (close)
$4.09
Market cap
$518.2M
P/E
—
Revenue (TTM)
$335.8M
Net income
-$26.9M
Dividend yield
15.65%
1-year total return
-18.1%
Net margin
-8.0%
Revenue growth
0.2%
Debt / equity
3.18x

What BrightSpire Capital, Inc. does.

References to “we,” “us,” “our,” or the “Company” refer to BrightSpire Capital, Inc., a Maryland corporation, together with its consolidated subsidiaries, unless the context specifically requires otherwise. References to the “OP” refer to BrightSpire Capital Operating Company, LLC a Delaware limited liability company, the operating company of the Company.

We are an internally-managed commercial real estate (“CRE”) credit real estate investment trust (“REIT”) focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties. CRE debt investments primarily consist of senior mortgage loans, which is our primary investment strategy. Additionally, we may also selectively originate mezzanine loans and preferred equity investments, which may include profit participations. The mezzanine loans and preferred equity investments may be in conjunction with our origination of corresponding senior mortgages on the same properties. Net leased properties consist of CRE properties with long-term leases to tenants on a net-lease basis, where such tenants generally will be responsible for property operating expenses such as insurance, utilities, maintenance capital expenditures and real estate taxes.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$291.0M$194.3M$364.6M$415.1M$358.8M$330.6M
Net income-$353.3M-$101.0M$45.8M-$15.5M-$132.0M-$31.1M
Free cash flow$73.1M-$31.2M$121.3M$130.6M$97.3M$55.1M

More on BRSP.

Figures from BrightSpire Capital, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.