BrightSpire Capital, Inc. (BRSP)
BrightSpire Capital, Inc. (BRSP) operates as a U.S.-based real estate investment trust (REIT) specializing in commercial real estate (CRE) credit. The company's core activities involve creating, purchasing, financing, and managing a diverse portfolio of CRE-related assets. This portfolio encompasses senior mortgage loans, mezzanine loans, preferred equity, various debt securities, and properties subject to net leases. BrightSpire Capital, Inc. maintains its status as a qualified real estate investment trust for federal income tax purposes. The firm was established in 2017 and was previously known as Colony Credit Real Estate, Inc. It adopted the name BrightSpire Capital, Inc. in June 2021 and is headquartered in New York, New York.
Sector: Real Estate Investment Trusts
Industry: REIT - Mortgage
BrightSpire Capital, Inc.
NYSE:BRSPReal Estate · REIT - Diversified
+0.27%$3.66
AH Close$3.66+0.00%vs close
AH Close$3.66+0.00%vs close
Mkt Cap$463.08M
Float112.09M
O/S126.52M
Inst Own61.8%
SI5.3%
Div Yield17.49%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$331.6M
Net Income-$31.15M
Total Assets$3.56B
Free Cash Flow$73.03M
Debt & Equity
Debt 73%
Equity 27%
Total Debt$2.49B
Total Equity$938.43M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BRSP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3.56B
Liabilities$2.64B
Accounts Receivable$2.65B
Accounts Payable$25.57M
Inventory$0
PP&E (Net)$19.83M
Goodwill$0
Intangible Assets$27.65M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $331.6M | $347.22M | $392.11M | $358.54M | $323.09M | $424.35M | $549.33M | $473.36M | $163.96M | $141.67M | $112.71M |
| YoY Growth | -4.5% | -11.4% | 9.4% | 11.0% | -23.9% | -22.8% | 16.0% | 188.7% | 15.7% | 25.7% | - |
| Cost of Revenue | $167M | $187.8M | $199.95M | $165.46M | $131.23M | $211.98M | $310.5M | $253.1M | $29M | $26.94M | $1.99M |
| Gross Profit | $164.6M | $159.42M | $192.16M | $193.07M | $191.86M | $212.37M | $238.83M | $220.26M | $134.97M | $114.73M | $110.72M |
| Gross Margin | 49.6% | 45.9% | 49.0% | 53.9% | 59.4% | 50.0% | 43.5% | 46.5% | 82.3% | 81.0% | 98.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $34.64M | $39.5M | $33.03M | $41.74M | $56.29M | $74.33M | $69.82M | $12.67M | $15.44M | $15.31M |
| Other | $33.72M | $176.58M | $140.88M | $113.32M | $50.5M | $136.49M | $321.46M | $201.25M | -$9.59M | -$21.27M | $721K |
| Total Operating Expenses | $33.72M | $211.23M | $180.38M | $146.35M | $92.24M | $192.78M | $395.79M | $271.07M | $3.08M | -$5.83M | $16.04M |
| Operating Income (EBIT) | $130.88M | -$51.81M | $11.77M | $46.73M | $99.62M | $19.59M | -$156.95M | -$50.81M | $131.88M | $120.56M | $94.69M |
| Operating Margin | 39.5% | -14.9% | 3.0% | 13.0% | 30.8% | 4.6% | -28.6% | -10.7% | 80.4% | 85.1% | 84.0% |
| Interest Expense | $127.28M | $27.03M | $25.91M | $28.72M | $32.28M | $48.86M | $55.41M | $43.44M | $5.09M | $0 | $18.95M |
| Interest Income | $194.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$183.53M | -$82.65M | -$26.33M | $2.5M | -$197.92M | -$406.07M | -$339.46M | -$89.49M | -$1.79M | -$10.02M | -$12.83M |
| Income Before Tax (EBT) | -$52.65M | -$134.46M | -$14.56M | $49.23M | -$98.31M | -$386.48M | -$496.42M | -$140.29M | $130.09M | $110.54M | $81.86M |
| Income Tax Expense | -$21.5M | $1.06M | $1.06M | $2.44M | $6.28M | -$10.9M | $3.17M | $37.06M | $2.21M | $1.52M | $247K |
| Net Income | -$31.15M | -$131.98M | -$15.55M | $45.79M | -$101.05M | -$353.3M | -$414.51M | -$168.5M | $88.5M | $76.05M | $80.55M |
| Net Income Margin | -9.4% | -38.0% | -4.0% | 12.8% | -31.3% | -83.3% | -75.5% | -35.6% | 54.0% | 53.7% | 71.5% |
| Supplementary Data | |||||||||||
| EPS | -0.26 | -1.05 | -0.12 | 0.35 | -0.79 | -2.75 | -3.89 | -1.41 | 0.78 | 0.59 | 0.63 |
| Diluted EPS | -0.26 | -1.05 | -0.12 | 0.34 | -0.79 | -2.75 | -3.25 | -1.41 | 0.78 | 0.59 | 0.63 |
| Weighted Average OS | 126.88M | 127.44M | 127.06M | 127.30M | 128.50M | 128.55M | 127.72M | 120.68M | 113.27M | 127.89M | 127.89M |
| EBITDA | $110.96M | -$66.92M | $35.91M | $112.02M | $101.59M | -$142.6M | -$337.68M | -$29.64M | $109.37M | $136.78M | $100.8M |
| EBITDA Margin | 33.5% | -19.3% | 9.2% | 31.2% | 31.4% | -33.6% | -61.5% | -6.3% | 66.7% | 96.5% | 89.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $66.79M | $302.17M | $257.51M | $306.32M | $259.72M | $474.82M | $69.62M | $77.32M | $25.2M | $13.98M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $10.39M | $273.6M | $228.19M | $0 | $0 |
| Cash and Short-Term Investments | $66.79M | $302.17M | $257.51M | $306.32M | $259.72M | $485.21M | $343.22M | $305.5M | $25.2M | $13.98M |
| Accounts Receivable | $2.65B | $2.41B | $41.45M | $40.7M | $3.53B | $2.25B | $2.64B | $48.81M | $1.34B | $1.52B |
| Inventory | $0 | $0 | -$5.62M | $16.79M | $0 | $0 | $0 | $0 | -$1.3B | $0 |
| Other Current Assets | $107.05M | $153.69M | $3B | $3.56B | $939.43M | $2.15B | $2.18B | $2.07B | $1.34B | $87.88M |
| Total Current Assets | $2.82B | $2.86B | $3.3B | $3.93B | $4.73B | $4.89B | $5.18B | $2.2B | $1.4B | $1.63B |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $19.83M | $23.24M | $22.09M | $25.24M | $24.97M | $22.06M | $25.48M | $0 | $219.74M | $8.94M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $27.65M | $47.17M | $46.54M | $41.18M | $64.98M | $75.7M | $112.76M | $134.07M | $11.01M | $0 |
| Long-Term Investments | $2.12M | $2.23M | $2.25M | $3.04M | $20.59M | $373.36M | $595.3M | $903.04M | $203.72M | $155.54M |
| Deferred Tax Assets | $0 | $0 | $9.54M | $31.64M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $692.65M | $786.94M | $814.69M | $740.75M | $793.91M | $851.81M | $1.5B | $1.99B | $477K | $12.43M |
| Total Long-Term Assets | $742.24M | $859.59M | $895.11M | $841.85M | $904.45M | $1.32B | $2.24B | $3.03B | $434.95M | $176.9M |
| Other Assets | $0 | $0 | $2.89M | -$18.84M | $0 | $0 | $0 | $3.44B | $1K | $0 |
| Total Assets | $3.56B | $3.72B | $4.2B | $4.75B | $5.64B | $6.21B | $7.41B | $8.66B | $1.84B | $1.8B |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $25.57M | $17.83M | $17.57M | $15.09M | $20.17M | $15.08M | $28.28M | $29.15M | $3.53M | $0 |
| Short-Term Debt | $0 | $0 | $913.54M | $424K | $905.12M | $535.22M | $1.1B | $193.17M | $0 | $0 |
| Current Income Tax Payable | $0 | $21.15M | $24.2M | $26.2M | $34.61M | $32.57M | $31.51M | $36.73M | $118K | $235K |
| Current Unearned Revenue | $9.66M | $7.85M | $7.22M | $0 | $7.67M | $9.08M | $16.74M | $0 | $481K | $1.72M |
| Other Current Liabilities | $0 | $0 | -$917.05M | -$79.06M | -$905.12M | -$534.9M | -$1.1B | $803.48M | $0 | $61.57M |
| Total Current Liabilities | $144.56M | $157.8M | $174.9M | $79.17M | $170.78M | $119.06M | $191.76M | $1.17B | $42.02M | $64.22M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $2.47B | $2.49B | $2.72B | $3.16B | $3.94B | $4.1B | $4.95B | $5.59B | $389.66M | $502.41M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $9.08M | $16.74M | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $26.2M | $34.61M | $32.57M | $31.51M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.25M | $4.25M | $6.4M | -$20.73M | -$27.74M | -$32.62M | -$3.97M | $38.88M | $37.59M | $0 |
| Total Long-Term Liabilities | $2.49B | $2.52B | $2.74B | $3.2B | $3.98B | $4.13B | $5.02B | $5.63B | $427.26M | $502.41M |
| Other Liabilities | $0 | $0 | $0 | $86.32M | $0 | $0 | $0 | -$990.62M | -$37.44M | $0 |
| Total Liabilities | $2.64B | $2.68B | $2.92B | $3.36B | $4.15B | $4.25B | $5.21B | $5.82B | $431.83M | $566.63M |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.29M | $1.3M | $1.3M | $1.29M | $1.3M | $1.29M | $1.28M | $1.28M | $0 | $1.23B |
| Retained Earnings | -$1.93B | -$1.81B | -$1.59B | -$1.47B | -$1.41B | -$1.23B | -$819.74M | -$193.33M | $258.78M | $0 |
| Comprehensive Income & Other | $0 | -$6.34M | -$2.56M | -$676K | $8.79M | $54.59M | $28.29M | -$399K | $0 | $0 |
| Other Stockholders' Equity | $2.86B | $2.86B | $2.86B | $2.85B | $2.86B | $2.9B | $2.94B | $2.9B | $821.03M | $0 |
| Total Equity | $938.43M | $1.05B | $1.28B | $1.39B | $1.46B | $1.67B | $2.12B | $2.71B | $1.08B | $1.23B |
| Minority Interest | -$10.03M | -$2.41M | $1.13M | $1.26M | $36.03M | $293M | $82.33M | $138.3M | $327.76M | $9.68M |
| Total Liabilities and Equity | $3.57B | $3.73B | $4.2B | $4.75B | $5.6B | $5.92B | $7.33B | $8.52B | $1.51B | $1.79B |
| Supplementary Data | ||||||||||
| Total Debt | $2.49B | $2.52B | $3.66B | $3.19B | $4.87B | $4.66B | $6.08B | $5.59B | $389.66M | $502.41M |
| Net Debt | $2.42B | $2.21B | $3.4B | $2.88B | $4.61B | $4.19B | $6.01B | $5.52B | $364.46M | $488.43M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | -$38.77M | -$135.52M | -$15.62M | $46.79M | -$104.58M | -$375.58M | -$462.65M | -$177.35M | $127.88M | $109.02M | $81.61M |
| Depreciation & Amortization | $36.34M | $40.51M | $33.61M | $34.1M | $36.5M | $59.85M | $103.32M | $90.99M | $9.14M | $146K | $0 |
| Deferred Income Tax | -$22.3M | -$1.13M | -$1.04M | -$2.05M | -$85K | -$172K | -$4.65M | $28.35M | $1.74M | $0 | $0 |
| Stock-Based Compensation | $12.84M | $11.65M | $14.06M | $7.89M | $14.02M | $4.37M | $10.81M | $7.11M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$5.52M | $4.53M | $1.51M | -$3.07M | -$1.2M | $13.24M | $0 | $11.06M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$4.59M | -$3.83M | -$2.96M | $341K | -$18.69M | -$10.11M | -$23.42M | -$7.34M | -$8.44M | $985K | -$4.72M |
| Total Working Capital Change | -$10.11M | $701K | -$1.45M | -$2.73M | -$19.89M | $3.13M | -$23.42M | $3.72M | -$8.44M | $985K | -$4.72M |
| Other Non-Cash Items | $95.03M | $187.2M | $108.06M | $41.28M | $52.77M | $404.76M | $513.76M | $147.9M | -$23.34M | -$21.64M | -$12.21M |
| Net Cash from Operating | $73.03M | $103.41M | $137.62M | $125.28M | -$21.27M | $96.36M | $137.18M | $100.72M | $106.98M | $88.51M | $64.67M |
| Investing Activities | |||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$312K | -$67K | $0 |
| Acquisitions | $0 | $0 | $0 | $38.1M | $0 | $0 | $67.36M | $0 | $6.2M | -$21.43M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$114.2M | $0 | $0 | -$104.13M |
| Sales of Investments | $0 | $0 | $2.16M | $36.15M | $227.01M | $108.37M | $68.74M | $0 | $0 | $0 | $3.32M |
| Other Investing Activities | -$419.93M | $313.08M | $382M | $15.08M | -$782.8M | $894.38M | -$552.12M | -$353.5M | $433.38M | $220.87M | -$711.91M |
| Net Cash from Investing | -$419.93M | $313.08M | $384.16M | $89.34M | -$555.79M | $1B | -$416.02M | -$467.7M | $439.27M | $199.37M | -$812.73M |
| Financing Activities | |||||||||||
| Debt Repaid | -$175.3M | $204.7M | $445.67M | $6.87M | -$701.64M | $862.19M | -$796.74M | -$713.35M | $271.43M | $326.2M | -$423.58M |
| Common Stock Issuance | $0 | $16K | $0 | $0 | $0 | $0 | $0 | $0 | $81.55M | $0 | $0 |
| Common Stock Repurchases | -$14.81M | -$11.19M | -$2.88M | -$44.96M | -$2.61M | -$1.74M | -$1.6M | -$659K | $0 | $0 | $0 |
| Dividends Paid | -$83M | -$99.06M | -$103.95M | -$99.39M | -$51.92M | -$51.71M | -$217.72M | -$185.29M | -$299.32M | -$122.13M | -$282.31M |
| Other Financing Activities | -$8.56M | -$13.01M | -$6.09M | -$1.34M | -$262.75M | $161.58M | -$23.96M | -$39.88M | $19.09M | $130.86M | $314.41M |
| Net Cash from Financing | $68.93M | -$327.95M | -$558.6M | -$161.45M | $384.36M | -$754.06M | $286.78M | $487.52M | -$551.66M | -$319.72M | $737.99M |
| Forex Effect | $1.12M | $69K | $77K | -$898K | -$764K | -$690K | $287K | -$176K | $0 | $0 | $0 |
| Net Change in Cash | -$276.86M | $88.61M | -$36.74M | $52.27M | -$193.47M | $344.35M | $8.22M | $120.36M | -$5.41M | -$31.84M | -$10.06M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $73.03M | $103.41M | $137.62M | $125.28M | -$21.27M | $96.36M | $137.18M | $100.72M | $106.98M | $88.51M | $64.67M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$312K | -$67K | $0 |
| Free Cash Flow | $73.03M | $103.41M | $137.62M | $125.28M | -$21.27M | $96.36M | $137.18M | $100.72M | $106.98M | $88.51M | $64.67M |
| Cash at Beginning | $450.7M | $362.09M | $398.83M | $346.56M | $540.03M | $195.68M | $187.46M | $67.11M | $72.51M | $104.35M | $16.4M |
| Cash at End | $173.84M | $450.7M | $362.09M | $398.83M | $346.56M | $540.03M | $195.68M | $187.46M | $67.11M | $72.51M | $6.34M |