Earnings summaries and quarterly performance for BrightSpire Capital.
Executive leadership at BrightSpire Capital.
Board of directors at BrightSpire Capital.
Research analysts who have asked questions during BrightSpire Capital earnings calls.
Jason Weaver
Unaffiliated Analyst
4 questions for BRSP
Also covers: AGNC, ARR, CXW +15 more
Steven Delaney
Citizens JMP Capital
4 questions for BRSP
Also covers: ABR, ACRE, ARI +12 more
Gaurav Mehta
Alliance Global Partners
3 questions for BRSP
Also covers: ALEX, CLDT, CTO +12 more
John Nickodemus
BTIG
2 questions for BRSP
Also covers: ARI, CMTG, KREF +2 more
Randolph Binner
B. Riley Financial, Inc.
2 questions for BRSP
Also covers: ABL, AOMR, ARR +12 more
Eric Dray
Bank of America
1 question for BRSP
Also covers: ACRE, BXMT, PB
Matthew Howlett
B. Riley Securities
1 question for BRSP
Also covers: AOMR, BUR, CCIF +9 more
Randy Binner
B. Riley Securities
1 question for BRSP
Also covers: ARR, BUR, DBRG +13 more
Stephen Laws
Raymond James
1 question for BRSP
Also covers: ABR, ACR, AJX +16 more
William Catherwood
BTIG
1 question for BRSP
Also covers: ARE, ARI, BXMT +14 more
Recent press releases and 8-K filings for BRSP.
BrightSpire Capital, Inc. Amends Credit Agreement and Extends Revolving Termination Date
BRSP
Debt Issuance
- BrightSpire Capital, Inc. (BRSP) entered into Amendment No. 1 to its Amended and Restated Credit Agreement on December 9, 2025.
- This amendment extends the Revolving Termination Date to December 8, 2028.
- The Amended Credit Agreement includes financial covenants for BrightSpire OP and its consolidated subsidiaries, requiring a minimum consolidated tangible net worth of at least $900,000,000 plus 70% of net cash proceeds from certain equity offerings after December 9, 2025.
- Other financial covenants stipulate an EBITDA plus lease expenses to fixed charges ratio of not less than 1.40 to 1.00, a minimum interest coverage ratio of not less than 3.00 to 1.00, and a consolidated total debt to consolidated total assets ratio not exceeding 0.80 to 1.00.
8 hours ago
BrightSpire Capital Reports Q3 2025 Earnings and Dividend
BRSP
Earnings
Dividends
Share Buyback
- BrightSpire Capital reported Adjusted Distributable Earnings of $0.16 per share and a GAAP Net Income of $0.01 per share for Q3 2025.
- The company declared and paid a quarterly dividend of $0.16 per share for Q3 2025, reflecting a 12.1% annualized dividend yield.
- As of September 30, 2025, BRSP maintained $280 million in total liquidity and reported an undepreciated book value per share of $8.68.
- The total loan portfolio was $2.4 billion with a weighted average unlevered all-in yield of 7.7%.
- During Q3 2025, BrightSpire Capital repurchased 0.2 million shares of Class A common stock for $1.0 million at a blended price of $5.33 per share.
Oct 29, 2025, 2:00 PM
BrightSpire Capital Reports Q3 2025 Earnings and Operational Progress
BRSP
Earnings
Debt Issuance
New Projects/Investments
- BrightSpire Capital reported Q3 2025 adjusted distributable earnings of $21.2 million or $0.16 per share, alongside GAAP net income of $1 million or $0.01 per share.
- The company achieved net positive loan originations for the second consecutive quarter, with $224 million in loans originated during Q3 and early October, and an additional $242 million in execution.
- Watchlist loans were significantly reduced from $411 million at the start of 2024 to $182 million by Q3 2025, while the REO portfolio stands at $364 million.
- Current liquidity is $280 million, including $87 million of unrestricted cash, and the company is preparing for its next CLO securitization.
- Management targets growing the loan book to approximately $3.5 billion, anticipating approximately $300 million per quarter in originations to achieve this goal.
Oct 29, 2025, 2:00 PM
BrightSpire Capital Reports Q3 2025 Results
BRSP
Earnings
Guidance Update
New Projects/Investments
- BrightSpire Capital reported Q3 2025 GAAP net income of $1 million ($0.01 per share) and adjusted distributable earnings of $21.2 million ($0.16 per share).
- The company achieved net positive loan originations for the second consecutive quarter, with $224 million in new loans originated during Q3 2025 and early October, and an additional $242 million in execution.
- Watchlist loans were reduced to $182 million as of Q3 2025 from $411 million at the start of 2024, and the company is preparing for its next CLO securitization.
- Current liquidity stands at $280 million, including $87 million in unrestricted cash, as the company targets growing its loan book to approximately $3.5 billion.
Oct 29, 2025, 2:00 PM
BrightSpire Capital Reports Q3 2025 Adjusted Distributable Earnings of $0.16 Per Share and Continued Loan Origination Growth
BRSP
Earnings
New Projects/Investments
Guidance Update
- BrightSpire Capital reported Q3 2025 adjusted distributable earnings of $21.2 million, or $0.16 per share, and GAAP net income of $1 million, or $0.01 per share. The company's current liquidity stands at $280 million, including $87 million in unrestricted cash.
- The company achieved net positive loan originations for the second consecutive quarter, originating $224 million in Q3 2025 and early October, with an additional $242 million in execution. The loan portfolio currently stands at $2.4 billion.
- BRSP significantly reduced its watchlist loans from $411 million at the start of 2024 to $182 million. The REO portfolio has an undepreciated gross book value of $364 million, with two office properties currently on the market for sale.
- Management aims to grow the loan book to approximately $3.5 billion, requiring over $1 billion in gross originations by the end of 2026, targeting about $300 million per quarter.
Oct 29, 2025, 2:00 PM
BrightSpire Capital, Inc. announces Q3 2025 financial results and dividend
BRSP
Earnings
Dividends
New Projects/Investments
- BrightSpire Capital, Inc. reported GAAP net income attributable to common stockholders of approximately $1.0 million, or $0.01 per share, for the third quarter ended September 30, 2025.
- The company announced Adjusted Distributable Earnings of $21.2 million, or $0.16 per share, for Q3 2025.
- As of September 30, 2025, GAAP net book value was $7.53 per share and undepreciated book value was $8.68 per share.
- CEO Michael J. Mazzei noted a "productive quarter" characterized by positive net loan originations, an REO sale, and a reduction in watchlist exposure.
- A quarterly cash dividend of $0.16 per share for the third quarter of 2025 was declared and paid on October 15, 2025.
Oct 28, 2025, 8:10 PM
BrightSpire Capital Announces Third Quarter 2025 Financial Results
BRSP
Earnings
Dividends
New Projects/Investments
- BrightSpire Capital reported GAAP net income attributable to common stockholders of $1.0 million, or $0.01 per share, and Adjusted Distributable Earnings of $21.2 million, or $0.16 per share, for the third quarter of 2025.
- As of September 30, 2025, the company's GAAP net book value was $7.53 per share and undepreciated book value was $8.68 per share.
- The Board of Directors declared a quarterly cash dividend of $0.16 per share for the third quarter of 2025, which was paid on October 15, 2025.
- CEO Michael J. Mazzei noted a productive quarter, highlighted by positive net loan originations, an REO sale, and a reduction in watchlist exposure, with expectations to continue growing the portfolio and earnings.
Oct 28, 2025, 8:05 PM
Quarterly earnings call transcripts for BrightSpire Capital.
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