image
Real Estate - REIT - Diversified - NYSE - US
$ 6.22
-1.11 %
$ 807 M
Market Cap
-6.1
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one BRSP stock under the base case scenario is HIDDEN Compared to the current market price of 6.22 USD, BrightSpire Capital, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BRSP

image
FINANCIALS
392 M REVENUE
9.36%
93.4 M OPERATING INCOME
19.87%
-15.6 M NET INCOME
-33.38%
138 M OPERATING CASH FLOW
9.86%
384 M INVESTING CASH FLOW
330.01%
-559 M FINANCING CASH FLOW
-245.99%
88.5 M REVENUE
-3.70%
26.1 M OPERATING INCOME
-52.50%
-2.34 M NET INCOME
96.56%
207 M OPERATING CASH FLOW
807.27%
513 M INVESTING CASH FLOW
667.35%
-393 M FINANCING CASH FLOW
-265.01%
Balance Sheet Decomposition BrightSpire Capital, Inc.
image
Current Assets 3.3 B
Cash & Short-Term Investments 258 M
Receivables 41.5 M
Other Current Assets 3 B
Non-Current Assets 895 M
Long-Term Investments 2.25 M
PP&E 22.1 M
Other Non-Current Assets 871 M
Current Liabilities 650 M
Accounts Payable 17.6 M
Short-Term Debt 3.51 M
Other Current Liabilities 629 M
Non-Current Liabilities 2.27 B
Long-Term Debt 2.74 B
Other Non-Current Liabilities -466 M
EFFICIENCY
Earnings Waterfall BrightSpire Capital, Inc.
image
Revenue 392 M
Cost Of Revenue 200 M
Gross Profit 192 M
Operating Expenses 180 M
Operating Income 93.4 M
Other Expenses 109 M
Net Income -15.6 M
RATIOS
49.01% GROSS MARGIN
49.01%
23.82% OPERATING MARGIN
23.82%
-3.97% NET MARGIN
-3.97%
-1.22% ROE
-1.22%
-0.37% ROA
-0.37%
2.44% ROIC
2.44%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis BrightSpire Capital, Inc.
image
Net Income -15.6 M
Depreciation & Amortization 33.6 M
Capital Expenditures 0
Stock-Based Compensation 14.1 M
Change in Working Capital -1.45 M
Others 105 M
Free Cash Flow 138 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets BrightSpire Capital, Inc.
image
Wall Street analysts predict an average 1-year price target for BRSP of $10.8 , with forecasts ranging from a low of $10.5 to a high of $11 .
BRSP Lowest Price Target Wall Street Target
10.5 USD 68.81%
BRSP Average Price Target Wall Street Target
10.8 USD 74.17%
BRSP Highest Price Target Wall Street Target
11 USD 76.85%
4. DIVIDEND ANALYSIS
3.67% DIVIDEND YIELD
0.16 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership BrightSpire Capital, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
338 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
7 months ago
Mar 27, 2024
Sell 338 K USD
Palame David A
See Remarks
- 50000
6.76 USD
1 year ago
Mar 01, 2023
Sell 209 M USD
DigitalBridge Group, Inc.
10 percent owner
- 34911944
6 USD
2 years ago
Jun 16, 2022
Bought 50.3 K USD
RICE CATHERINE
director:
+ 7000
7.188 USD
2 years ago
Jun 16, 2022
Bought 17.8 K USD
Palame David A
See Remarks
+ 2500
7.14 USD
2 years ago
Jun 16, 2022
Bought 71.8 K USD
Witt Andrew Elmore
See Remarks
+ 10000
7.18 USD
2 years ago
May 06, 2022
Bought 59.8 K USD
Palame David A
See Remarks
+ 7500
7.97 USD
2 years ago
May 06, 2022
Bought 79.8 K USD
Saracino Frank V
See Remarks
+ 10000
7.98 USD
2 years ago
May 06, 2022
Bought 402 K USD
Mazzei Michael
CEO
+ 50000
8.04 USD
3 years ago
Aug 16, 2021
Bought 94.7 K USD
Palame David A
See Remarks
+ 10000
9.47 USD
3 years ago
Aug 16, 2021
Bought 92.9 K USD
Saracino Frank V
See Remarks
+ 10000
9.29 USD
3 years ago
Aug 18, 2021
Bought 94.3 K USD
Witt Andrew Elmore
See Remarks
+ 10000
9.43 USD
3 years ago
Aug 17, 2021
Bought 232 K USD
Mazzei Michael
CEO and President
+ 25000
9.26 USD
3 years ago
Aug 16, 2021
Bought 711 K USD
Mazzei Michael
CEO and President
+ 75000
9.478 USD
3 years ago
Aug 13, 2021
Sell 85.4 M USD
DigitalBridge Group, Inc.
10 percent owner
- 9487500
9 USD
4 years ago
Sep 23, 2020
Bought 47 K USD
Palame David A
GENERAL COUNSEL AND SECRETARY
+ 10000
4.7 USD
4 years ago
Sep 11, 2020
Bought 50 K USD
Palame David A
GENERAL COUNSEL AND SECRETARY
+ 10000
5 USD
5 years ago
Nov 13, 2019
Bought 598 K USD
Traenkle Kevin P.
+ 50000
11.95 USD
5 years ago
Nov 12, 2019
Bought 596 K USD
Traenkle Kevin P.
+ 50000
11.91 USD
5 years ago
Nov 12, 2019
Bought 1.05 M USD
Tangen Darren J.
+ 90000
11.72 USD
5 years ago
Nov 12, 2019
Bought 300 K USD
Palame David A
+ 25000
12 USD
5 years ago
Nov 12, 2019
Bought 49.5 K USD
Redington Neale
+ 4250
11.64 USD
5 years ago
Aug 19, 2019
Bought 64.2 K USD
Palame David A
+ 5000
12.85 USD
5 years ago
Aug 19, 2019
Bought 143 K USD
Traenkle Kevin P.
+ 11000
12.96 USD
5 years ago
Aug 16, 2019
Bought 144 K USD
Traenkle Kevin P.
+ 11000
13.05 USD
7. News
BrightSpire Capital upgraded to Buy from Hold at JonesResearch JonesResearch upgraded BrightSpire Capital to Buy from Hold with a $7.25 price target. The firm believes that at current levels, the shares are undervalued. After an extended period of protecting the balance sheet, the company resumed originations in October, while current reserves are the highest among peers and the dividend is well covered, the analyst tells investors in a research note. As BrightSpire "turns the corner," there are "ample lending opportunities given the subdued lending from banks and other non-banks," the firm says. https://thefly.com - 3 days ago
Pivotal Decisions Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality. seekingalpha.com - 1 week ago
BrightSpire Capital, Inc. (BRSP) Q3 2024 Earnings Call Transcript 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. seekingalpha.com - 2 weeks ago
BrightSpire (BRSP) Beats Q3 Earnings Estimates 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. zacks.com - 2 weeks ago
BrightSpire Capital: Loan Loss Risk Remains Elevated But Positive Signs Are Emerging 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. seekingalpha.com - 3 weeks ago
Is the Options Market Predicting a Spike in BrightSpire Capital (BRSP) Stock? Investors need to pay close attention to BrightSpire Capital (BRSP) stock based on the movements in the options market lately. zacks.com - 3 weeks ago
Earnings Preview: BrightSpire (BRSP) Q3 Earnings Expected to Decline 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. zacks.com - 3 weeks ago
BrightSpire Capital, Inc. Announces Third Quarter 2024 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 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). businesswire.com - 1 month ago
5 New Stocks Under $10 That Pay Huge Ultra-Yield Dividends of 10% and More 24/7 Wall St. Insights With rates now officially heading lower, ultra-high-yield stocks will be in big demand. 247wallst.com - 1 month ago
5 Stocks Trading Under $10 Paying Huge Ultra-High-Yield Dividends 24/7 Wall St. Insights Companies that pay ultra-high-yield dividends are perfect for those seeking passive income. 247wallst.com - 1 month ago
12% Yield And Conservative Management. Yes!: BrightSpire 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. seekingalpha.com - 3 months ago
5 Stocks Trading Under $10 Paying Huge Ultra-High-Yield Dividends 24/7 Wall St. Insights Companies that pay ultra-high-yield dividends are perfect for those seeking passive income. 247wallst.com - 3 months ago
8. Profile Summary

BrightSpire Capital, Inc. BRSP

image
COUNTRY US
INDUSTRY REIT - Diversified
MARKET CAP $ 807 M
Dividend Yield 3.67%
Description 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.
Contact 590 Madison Avenue, New York, NY, 10022 https://www.brightspire.com
IPO Date Feb. 1, 2018
Employees 54
Officers Mr. Gary S. Newman J.D. Managing Director of Investment Management Mr. Matthew Heslin MD, Chief Credit Officer & Head of Debt Capital Markets Mr. Andrew Elmore Witt President & Chief Operating Officer Mr. Tyler H. Ferrer MD and Head of Asset Management & Loan Operations Mr. Frank Vito Saracino CPA Executive Vice President, Chief Financial Officer & Treasurer Mr. Daniel E. Katz MD & Head of Originations for Investment Management Ms. Sonia Kim Vice President