BrightSpire Capital

BrightSpire Capital, Inc. operates as a real estate investment trust. It originates, acquires, finances, and manages diversified portfolio consisting primarily of commercial real estate (CRE) senior mortgage loans, mezzanine loans, preferred equity, debt securities and net leased properties predominantly in the United States. It operates through the following segments: Core Portfolio, and Legacy, Non-Strategic Portfolio. The Core Portfolio segment consists of Senior and Mezzanine Loans and Preferred Equity, CRE Debt Securities, Net Leased Real Estate, and Corporate segments. The Legacy, Non-Strategic Portfolio segment consists of direct investments in operating real estate such as multi-tenant office. The company was founded on August 23, 2017 and is headquartered in New York, NY.

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BrightSpire Capital reports solid Q4 earnings amidst market challenges

BrightSpire Capital's Q4 2022 performance reflects solid earnings and a strategic focus on managing its loan portfolio and liquidity.
While facing challenges in the office property sector, the company is well-prepared to leverage opportunities in the market through prudent lending strategies.
Proactive communication with investors and a clear focus on defending the balance sheet position BrightSpire for continued success in a dynamic market environment.
Anticipated market shifts and a disciplined approach to risk management position BrightSpire to navigate uncertainties and capitalize on emerging opportunities.

BrightSpire Capital reports Q1 earnings, focuses on balance sheet defense

BrightSpire Capital's Q1 performance focused on defending the balance sheet, managing risk ratings, and asset valuation adjustments.
Challenges include market impacts on asset values, limited lending opportunities, and potential erosion of dividend coverage over time.
Opportunities lie in potential capital deployment, stock buybacks, asset conversions, and shareholder engagement readiness.
The company's strengths include transparency in risk management, asset value preservation, and appreciation for shareholder support.

BrightSpire Capital reports solid Q2 performance amidst market challenges

BrightSpire Capital's Q2 2023 performance showed resilience in its multifamily portfolio and rent growth, despite challenges in apartment rental management and increased bad debt. The company is strategically managing expenses, considering higher yield originations, and evaluating opportunities in various loan segments. With a focus on liquidity and market re-entry, BrightSpire Capital aims to capitalize on potential market movements and optimize its portfolio for growth.

BrightSpire Capital reports solid Q3 earnings amid market challenges

BrightSpire Capital delivered a strong financial performance in Q3 2023, maintaining profitability and cash flow generation amidst market challenges and economic uncertainties.
The company's focus on liquidity management, dividend coverage, and strategic asset optimization underscores its commitment to shareholder value and financial stability.
While facing interest rate volatility and credit risks, BrightSpire's proactive approach to portfolio management and value enhancement positions it well to capitalize on opportunities and navigate evolving market conditions.

BrightSpire Capital reports strong Q4 performance amidst market challenges

BrightSpire Capital's Q4 2023 earnings call highlighted solid financial performance, prudent financial management, and strategic positioning in the commercial real estate debt markets.
The company faces challenges in navigating market dynamics and managing portfolio exposure but has opportunities for growth through capital deployment and portfolio expansion.
Overall, BrightSpire Capital's focus on maintaining liquidity, adjusting assets, and exploring new opportunities positions it well for future success and market leadership.

BrightSpire Capital reports Q1 loss, focuses on liquidity and risk management

BrightSpire Capital faced challenges in Q1 2024 due to market shifts and potential headwinds on earnings. Despite this, the company maintained strong liquidity and a sizable loan portfolio. Management's focus on resolving watch list assets indicates a proactive approach to managing risks.

BrightSpire Capital reports Q2 loss, focuses on loan originations

BrightSpire Capital navigated challenges in Q2 2024 with a focus on preserving shareholder equity through reduced dividends and initiating loan originations.
Despite impairments on legacy investments and increased CECL reserves, the company maintains confidence in portfolio stability and growth potential.
Management's strategic actions and confidence in the company's future outlook suggest a resilient approach to addressing financial headwinds and pursuing growth opportunities.

BrightSpire Capital reports solid Q3 earnings, eyes growth in 2025

BrightSpire Capital delivered strong financial performance in Q3 2024, supported by robust distributable earnings and liquidity.
Effective portfolio management, capital deployment, and differentiation strategies are key strengths for BrightSpire.
While challenges like risk management and competitive pressures exist, opportunities for growth and profitability are within reach.
Overall, BrightSpire's proactive approach and market positioning bode well for future success and earnings growth in 2025.

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BrightSpire Capital, Inc. is a real estate investment trust. It originates, acquires, finances, and manages portfolio consisting of commercial real estate (CRE) debt investments and net leased properties in the United States. It operates through the following segments: Senior Mezzanine Loans and Preferred Equity, Net Leased and other Real Estate, CRE Debt Securities, and Corporate. The Senior and Mezzanine Loans and Preferred Equity segment covers CRE debt investments including senior loans, mezzanine loans, and preferred equity interests as well as participations in such loans. The Net Leased and Other Real Estate segment includes investments in commercial real estate with long-term leases to tenants on a net lease basis. The CRE Debt Securities segment consists of securities investments previously consisting of BBB and some BB rated CMBS. the Corporate segment deals with corporate-level asset management and other fees. The company was founded on August 23, 2017 and is headquartered in New York, NY.

BrightSpire Capital, Inc. (NYSE:BRSP ) Q3 2024 Earnings Conference Call October 30, 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 Jason Weaver - Jones Trading Eric Dray - Bank of America Matthew Howlett - B. Riley Operator Good day and welcome to the BrightSpire Capital Inc. Third Quarter 2024 Earnings Call.

BrightSpire Capital, Inc. (BRSP) Q3 2024 Earnings Call Transcript

BrightSpire (BRSP) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.28 per share a year ago.

BrightSpire (BRSP) Beats Q3 Earnings Estimates

NEW YORK--(BUSINESS WIRE)--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.

BrightSpire Capital, Inc. Announces Third Quarter 2024 Financial Results

BrightSpire Capital faces challenges due to high office sector exposure and elevated loan loss provisioning, impacting earnings and net asset value. Approximately 20% of BRSP's portfolio is on the watchlist, with ongoing risks necessitating careful observation despite most loans being current in interest payments. BRSP trades at a significant discount to net asset value, with no near-term catalysts for revaluation, warranting a "Hold" rating for cautious investors.

BrightSpire Capital: Loan Loss Risk Remains Elevated But Positive Signs Are Emerging

Investors need to pay close attention to BrightSpire Capital (BRSP) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in BrightSpire Capital (BRSP) Stock?

Colony Credit (BRSP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: BrightSpire (BRSP) Q3 Earnings Expected to Decline

NEW YORK--(BUSINESS WIRE)--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).

BrightSpire Capital, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Dates

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When a dividend cut occurs, it's time to analyze the data again and evaluate the outcomes. My portfolio has seen 20 hikes and 4 cuts, but every cut deserves focused attention. We provide an in-depth review of BrightSpire Capital, Inc. and their recent earnings to look for systemic issues.

12% Yield And Conservative Management. Yes!: BrightSpire

NEW YORK--(BUSINESS WIRE)--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 ave.

BrightSpire Capital Announces Pricing of $675 Million BRSP 2024-FL2 Commercial Real Estate CLO and the Redemption of CLNC 2019-FL1

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: Looking For Income In Alderaan Places

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 Capital, Inc. (BRSP) Q2 2024 Earnings Call Transcript

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.

BrightSpire (BRSP) Beats Q2 Earnings Estimates

NEW YORK--(BUSINESS WIRE)--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 va.

BrightSpire Capital, Inc. Announces Second Quarter 2024 Financial Results

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NEW YORK--(BUSINESS WIRE)--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). Int.

BrightSpire Capital, Inc. Announces Second Quarter 2024 Earnings Release and Conference Call Dates

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Bargain Alert: 14% Yield And Big Discount: BrightSpire Capital

NEW YORK--(BUSINESS WIRE)--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 re.

BrightSpire Capital Announces $0.20 Per Share Dividend for Second Quarter 2024

BrightSpire Capital, Inc. was spun out from DigitalBridge in 2018. The total returns on DigitalBridge since inception have been negative 69.46%, including distributions. BrightSpire is headed in the same direction.

BrightSpire: 13% Yield But Negative Total Returns Since 2018

NEW YORK--(BUSINESS WIRE)--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 Fina.

BrightSpire Capital, Inc. to Present in Nareit's REITweek 2024 Investor Conference

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