(BRSP) Brightspire Capital - Ratings and Ratios
First Mortgage, Mezzanine, Preferred Equity, Net Leased
BRSP EPS (Earnings per Share)
BRSP Revenue
Description: BRSP Brightspire Capital
BrightSpire Capital, Inc. (NYSE: BRSP) is a publicly traded real estate investment trust that focuses on commercial real-estate (CRE) credit across the United States and Norway. Its core activities include originating, acquiring, financing, and managing a diversified pool of debt instruments-first-mortgage loans, senior loans, mezzanine loans, and preferred equity-as well as net-leased property investments.
The firm reports its operations through three segments: (1) Senior and Mezzanine Loans & Preferred Equity, (2) Net Leased and Other Real Estate, and (3) Corporate and Other. By qualifying as a REIT, BrightSpire avoids federal corporate income tax provided it distributes at least 90 % of its taxable income to shareholders each year.
Originally incorporated in 2017 as Colony Credit Real Estate, Inc., the company rebranded to BrightSpire Capital in June 2021 and remains headquartered in New York, NY.
According to its most recent 10-K (2023), BrightSpire held approximately **$1.2 billion** in total assets, with a loan portfolio weighted 68 % toward senior secured loans and 22 % in mezzanine and preferred equity positions. The REIT reported a **distribution yield of roughly 10.5 %** and a **dividend payout ratio of 94 %**, indicating a strong commitment to the REIT-required distribution threshold.
Key macro-economic drivers for BrightSpire’s CRE credit business include the prevailing interest-rate environment, which influences loan spreads and refinancing risk, and the health of the office and industrial sectors-both of which affect borrower credit quality. Additionally, net-leased properties benefit from long-term triple-net leases that provide cash-flow stability even amid tenant-level vacancy fluctuations.
For a deeper quantitative dive, the ValueRay platform offers a granular breakdown of BrightSpire’s loan-level performance and distribution sustainability.
BRSP Stock Overview
| Market Cap in USD | 772m |
| Sub-Industry | Real Estate Development |
| IPO / Inception | 2018-02-01 |
BRSP Stock Ratings
| Growth Rating | -0.73% |
| Fundamental | 45.3% |
| Dividend Rating | 82.1% |
| Return 12m vs S&P 500 | -11.6% |
| Analyst Rating | 3.86 of 5 |
BRSP Dividends
| Dividend Yield 12m | 11.62% |
| Yield on Cost 5y | 20.38% |
| Annual Growth 5y | 19.14% |
| Payout Consistency | 88.0% |
| Payout Ratio | 97.0% |
BRSP Growth Ratios
| Growth Correlation 3m | 83.7% |
| Growth Correlation 12m | -5.2% |
| Growth Correlation 5y | -17.7% |
| CAGR 5y | 0.66% |
| CAGR/Max DD 3y | 0.02 |
| CAGR/Mean DD 3y | 0.05 |
| Sharpe Ratio 12m | -0.12 |
| Alpha | 0.01 |
| Beta | 0.841 |
| Volatility | 28.92% |
| Current Volume | 787.7k |
| Average Volume 20d | 599.2k |
| Stop Loss | 5.5 (-3.3%) |
| Signal | -0.54 |
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (-70.2m TTM) > 0 and > 6% of Revenue (6% = 19.9m TTM) |
| FCFTA 0.07 (>2.0%) and ΔFCFTA 3.35pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -85.42% (prev 715.7%; Δ -801.1pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.02 (>3.0%) and CFO 83.9m > Net Income -70.2m (YES >=105%, WARN >=100%) |
| Net Debt (328.8m) to EBITDA (132.0m) ratio: 2.49 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.41 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (127.2m) change vs 12m ago -0.58% (target <= -2.0% for YES) |
| Gross Margin 28.55% (prev 72.94%; Δ -44.39pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 9.21% (prev 10.41%; Δ -1.20pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.70 (EBITDA TTM 132.0m / Interest Expense TTM 52.5m) >= 6 (WARN >= 3) |
Altman Z'' -2.98
| (A) -0.08 = (Total Current Assets 200.4m - Total Current Liabilities 483.1m) / Total Assets 3.41b |
| (B) -0.55 = Retained Earnings (Balance) -1.87b / Total Assets 3.41b |
| (C) 0.02 = EBIT TTM 89.0m / Avg Total Assets 3.59b |
| (D) -0.77 = Book Value of Equity -1.87b / Total Liabilities 2.42b |
| Total Rating: -2.98 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 45.32
| 1. Piotroski 3.50pt = -1.50 |
| 2. FCF Yield 6.69% = 3.35 |
| 3. FCF Margin 67.88% = 7.50 |
| 4. Debt/Equity 2.75 = -0.40 |
| 5. Debt/Ebitda 20.75 = -2.50 |
| 6. ROIC - WACC (= -0.03)% = -0.04 |
| 7. RoE -6.74% = -1.12 |
| 8. Rev. Trend -79.93% = -6.00 |
| 9. EPS Trend -79.48% = -3.97 |
What is the price of BRSP shares?
Over the past week, the price has changed by -3.56%, over one month by +2.71%, over three months by +14.63% and over the past year by +4.75%.
Is Brightspire Capital a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BRSP is around 6.11 USD . This means that BRSP is currently overvalued and has a potential downside of 7.38%.
Is BRSP a buy, sell or hold?
- Strong Buy: 3
- Buy: 1
- Hold: 2
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the BRSP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.4 | 12.8% |
| Analysts Target Price | 6.4 | 12.8% |
| ValueRay Target Price | 6.4 | 13.2% |
Last update: 2025-09-10 04:33
BRSP Fundamental Data Overview
CCE Cash And Equivalents = 154.3m USD (Cash And Short Term Investments, last quarter)
P/E Forward = 8.2508
P/S = 2.3042
P/B = 0.7765
Beta = 1.674
Revenue TTM = 331.0m USD
EBIT TTM = 89.0m USD
EBITDA TTM = 132.0m USD
Long Term Debt = 2.26b USD (from longTermDebt, last quarter)
Short Term Debt = 483.1m USD (from shortTermDebt, last quarter)
Debt = 2.74b USD (Calculated: Short Term 483.1m + Long Term 2.26b)
Net Debt = 328.8m USD (from netDebt column, last quarter)
Enterprise Value = 3.36b USD (772.2m + Debt 2.74b - CCE 154.3m)
Interest Coverage Ratio = 1.70 (Ebit TTM 89.0m / Interest Expense TTM 52.5m)
FCF Yield = 6.69% (FCF TTM 224.7m / Enterprise Value 3.36b)
FCF Margin = 67.88% (FCF TTM 224.7m / Revenue TTM 331.0m)
Net Margin = -21.20% (Net Income TTM -70.2m / Revenue TTM 331.0m)
Gross Margin = 28.55% ((Revenue TTM 331.0m - Cost of Revenue TTM 236.5m) / Revenue TTM)
Tobins Q-Ratio = -1.79 (set to none) (Enterprise Value 3.36b / Book Value Of Equity -1.87b)
Interest Expense / Debt = 0.25% (Interest Expense 6.76m / Debt 2.74b)
Taxrate = 21.0% (US default)
NOPAT = 70.3m (EBIT 89.0m * (1 - 21.00%))
Current Ratio = 0.41 (Total Current Assets 200.4m / Total Current Liabilities 483.1m)
Debt / Equity = 2.75 (Debt 2.74b / last Quarter total Stockholder Equity 994.4m)
Debt / EBITDA = 20.75 (Net Debt 328.8m / EBITDA 132.0m)
Debt / FCF = 12.19 (Debt 2.74b / FCF TTM 224.7m)
Total Stockholder Equity = 1.04b (last 4 quarters mean)
RoA = -2.06% (Net Income -70.2m, Total Assets 3.41b )
RoE = -6.74% (Net Income TTM -70.2m / Total Stockholder Equity 1.04b)
RoCE = 2.70% (Ebit 89.0m / (Equity 1.04b + L.T.Debt 2.26b))
RoIC = 2.13% (NOPAT 70.3m / Invested Capital 3.31b)
WACC = 2.16% (E(772.2m)/V(3.51b) * Re(9.12%)) + (D(2.74b)/V(3.51b) * Rd(0.25%) * (1-Tc(0.21)))
Shares Correlation 3-Years: 21.21 | Cagr: 0.05%
Discount Rate = 9.12% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 72.61% ; FCFE base≈183.7m ; Y1≈165.5m ; Y5≈142.4m
Fair Price DCF = 16.41 (DCF Value 2.13b / Shares Outstanding 130.0m; 5y FCF grow -12.31% → 3.0% )
EPS Correlation: -79.48 | EPS CAGR: -11.26% | SUE: 0.52 | # QB: 0
Revenue Correlation: -79.93 | Revenue CAGR: -4.43% | SUE: N/A | # QB: None
Additional Sources for BRSP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle