BrightSpire Capital, Inc. (BRSP) AI Stock Analysis

BrightSpire Capital, Inc. operates as a real estate investment trust focused on commercial real estate credit investments across the United States. Established in 2017 and headquartered in New York, New York, the company was formerly known as Colony Credit Real Estate, Inc. before rebranding in June 2021. It originates, acquires, finances, and manages a diversified portfolio that includes senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties. Operating as a REIT under federal income tax laws allows BrightSpire Capital to distribute taxable income to shareholders without incurring corporate-level income tax.

Revenue increased from $323.1M in FY2021 to $358.5M in FY2022 and $392.1M in FY2023, before declining to $347.2M in FY2024 and $331.6M in FY2025, representing a 5-year revenue CAGR of -4.8%. Net income fluctuated, moving from -$101.0M in FY2021 to $45.8M in FY2022, -$15.5M in FY2023, -$132.0M in FY2024, and -$31.1M in FY2025. Gross margin was 49.6% in FY2025 with an operating margin of 39.5%. Over the trailing twelve months, revenue reached $332.8M with a profit margin of -8.1% and diluted EPS of -$0.24. For the latest quarter ended June 30, 2026, quarterly revenue fell 3.5% year-over-year while quarterly earnings fell 21.8%.

As of June 30, 2026, BrightSpire Capital held $169.7M in cash and short-term investments against total debt of $2.76B, resulting in net debt of $2.59B. Total assets stood at $3.75B and shareholders' equity was $863.0M, generating a debt-to-equity ratio of 3.20 and a current ratio of 1.04. Operating cash flow and free cash flow were both $73.0M in FY2025. During FY2025, the company deployed cash toward $83.0M in dividends paid and $14.8M in share buybacks.

BRSP trades at a forward P/E of 15.6x, compared to the median of 23.5x for its US-listed Real Estate peers. Its price-to-sales ratio of 1.4x sits below the peer median of 3.7x, while its EV/EBITDA of 165.0x compares to the peer median of 14.7x. The company has a price-to-book ratio of 0.6x and an enterprise value of $3.00B. In price performance, the stock's 1-year return of -19.1% lagged the S&P 500 (SPY) return of 16.8%, and its 5-year return of -32.9% trailed the S&P 500 gain of 83.0%.

BrightSpire Capital pays a quarterly dividend with an annualized forward dividend of $0.64 per share, translating to a dividend yield of 17.34%. The payout ratio stands at 116.4%. The company has paid dividends for 9 consecutive years, delivering a 5-year annualized dividend growth rate of 16.4%. Its most recent ex-dividend date occurred on September 30, 2026.

Analysts maintain 4 Strong Buy, 2 Buy, 0 Hold, 2 Sell, and 0 Strong Sell ratings on BrightSpire Capital. The mean price target is $5.97, representing 61.8% upside relative to the last close of $3.69. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $273.5M and EPS of $0.55. Over the last 4 quarters, the company delivered 0 EPS beats. The next earnings date is October 27, 2026.

This page is an AI-written research summary of BrightSpire Capital, Inc. (BRSP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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