Full text
Earnings transcript
Read the complete earnings call transcript.
BRSP
BrightSpire Capital, Inc.
$5.6
0.04
(0.72%)
| Exchange: | NYSE |
| Market Cap: | 726.504M |
| Shares Outstanding: | 127.887M |
About The Company
| Sector: | Real Estate | |||||
| Industry: | REIT – Diversified | |||||
| CEO: | Michael Joseph Mazzei | |||||
| Full Time Employees: | 48 | |||||
| Address: |
| |||||
| Website: | https://www.brightspire.com |
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. 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.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 392,105 | 347,216 | 331,601 |
| Gross Profit | 192,156 | 159,419 | 164,602 |
| EBITDA | 35,908 | -66,805 | 111,966 |
| Operating Income | 11,773 | -51,807 | 130,877.999 |
| Net Income | -15,549 | -131,979 | -31,148 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,198,254 | 3,723,478 | 3,564,830 |
| Total Liabilities | 2,919,788 | 2,677,667 | 2,636,425 |
| Total Stockholders Equity | 1,277,335 | 1,048,218 | 938,432 |
| Total Debt | 2,738,912 | 2,515,619 | 414,060 |
| Cash and Cash Equivalents | 257,506 | 302,173 | 66,789 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 137,624 | 103,405 | 73,025 |
| Capital Expenditure | 0 | 0 | 0 |
| Free Cash Flow | 137,624 | 103,405 | 73,025 |
| Net Income | -15,619 | -135,517 | -38,768 |
| Net Change in Cash | -36,739 | 88,607 | -276,861 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 272,984.260 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 364,589.807 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 318,787.034 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 47,231.512 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 63,081.028 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 55,156.270 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 73,259.707 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 106,914.154 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 90,086.930 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 23,030.741 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 30,759.186 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 26,894.964 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0.710 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0.840 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0.580 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance in Q2 2025: As highlighted in the Q2 2025 earnings call transcript, BrightSpire Capital reported a GAAP net income that aligns with or exceeds expectations, reflecting operational stability and effective management of assets. This performance underscores the company's ability to generate consistent returns for shareholders.
- Focus on Portfolio Derisking: The earnings call summary indicates a strategic emphasis on derisking the portfolio, which mitigates potential losses and enhances long-term stability, positioning BRSP favorably against market volatility.
- Positive Free Cash Flow: Analysis of cash flow statements shows sustained free cash flow, indicating strong operational efficiency and the capacity to fund dividends or reinvest in growth initiatives without relying heavily on external financing.
- Attractive Valuation Metrics: Current price-to-earnings (P/E) ratio TTM and forward P/E estimates suggest BRSP is reasonably valued compared to industry averages, offering potential value to investors seeking undervalued stocks in the sector.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates BRSP intrinsic value between $11.94 – $12.24 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about BRSP valuation
Is BrightSpire Capital, Inc. (BRSP) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for BrightSpire Capital, Inc. (BRSP) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BRSP a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BRSP trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BRSP’s P/E ratio?
You can see BRSP’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BRSP?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BRSP a good long-term investment?
Whether BRSP fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BRSP
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
0.72
Trading Metrics:
| Open: | 5.48 | Previous Close: | 5.56 | |
| Day Low: | 5.44 | Day High: | 5.63 | |
| Year Low: | 4.16 | Year High: | 6.17 | |
| Price Avg 50: | 5.76 | Price Avg 200: | 5.56 | |
| Volume: | 674551 | Average Volume: | 916504 |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeBRSP full analysis
Welcome to MARKETSNAP’s SWOT analysis for BrightSpire Capital, also known by its ticker BRSP. If you’re a long-term investor looking to build wealth through smart stock picks, you’re in the right place. Today, we’re diving deep into BrightSpire Capital, a player in the real estate investment space, to break down its strengths, weaknesses, opportunities, and threats. I’ll keep this conversational and packed with insights, so let’s get started with a quick overview of who they are and what’s been happening…
