Overview Dividends

(BRSP) Brightspire Capital - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US10949T1097

Mezzanine, Senior-loans, Preferred-equity, Net-lease

Real Estate Development
Market Cap in USD: 771m

IPO / Inception: 2018-02-01
Return 12m vs S&P 500: -3.58%

EPS (Earnings per Share)

EPS CAGR: -13.02%
EPS Trend: -73.3%

Last SUE: -0.36
Qual. Beats: 0

Revenue

Rev. CAGR: -10.13%
Rev. Trend: -52.1%

Last SUE: -0.04
Qual. Beats: 0

Dividends

Dividend Yield	10.77%
Yield on Cost 5y	14.13%
Yield CAGR 5y	24.47%
Payout Consistency	88.0%
Payout Ratio	94.1%

Risk via 5d forecast
Volatility	25.3%
Value at Risk 5%th	41.2%
Relative Tail Risk	-1.16%

Reward TTM
Sharpe Ratio	0.26
Alpha	-4.65
CAGR/Max DD	0.24

Character TTM
Hurst Exponent	0.755
Beta	0.745
Beta Downside	0.970

Drawdowns 3y
Max DD	35.31%
Mean DD	14.78%
Median DD	14.55%

Description: BRSP Brightspire Capital December 01, 2025

BrightSpire Capital, Inc. (NYSE: BRSP) is a publicly traded real-estate investment trust that originates, acquires, and manages a diversified portfolio of commercial-real-estate (CRE) credit assets in the United States and Norway. Its investment platform spans senior and mezzanine loans, preferred equity, and net-leased properties, and it distributes at least 90 % of taxable income to maintain REIT tax status.

As of the most recent filing (Q2 2024), BrightSpire reported approximately $1.2 billion in assets under management, with senior loans representing roughly 70 % of the loan book and mezzanine/preferred equity the remaining 30 %. The weighted-average coupon on its debt portfolio sits near 5.8 %, while net-leased assets generate an average lease term of 12 years and an occupancy rate above 95 %. Key sector drivers include the U.S. office vacancy trend (currently ~17 % nationwide) and Norway’s relatively low commercial-property vacancy rates (~5 %), both influencing credit risk and pricing dynamics.

For a deeper, data-rich look at BrightSpire’s valuation metrics and peer comparison, you might find ValueRay’s analytics platform worth exploring.

Piotroski VR‑10 (Strict, 0-10) 1.5

Net Income (-36.5m TTM) > 0 and > 6% of Revenue (6% = 19.6m TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA -0.50pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -79.08% (prev 765.7%; Δ -844.8pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.02 (>3.0%) and CFO 82.5m > Net Income -36.5m (YES >=105%, WARN >=100%)

Net Debt (301.8m) to EBITDA (40.1m) ratio: 7.53 <= 3.0 (WARN <= 3.5)

Current Ratio 0.38 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (129.8m) change vs 12m ago -0.23% (target <= -2.0% for YES)

Gross Margin 50.66% (prev 50.78%; Δ -0.12pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 9.15% (prev 9.63%; Δ -0.48pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.02 (EBITDA TTM 40.1m / Interest Expense TTM 77.1m) >= 6 (WARN >= 3)

Altman Z'' -3.23

(A) -0.08 = (Total Current Assets 156.8m - Total Current Liabilities 415.2m) / Total Assets 3.30b

(B) -0.57 = Retained Earnings (Balance) -1.89b / Total Assets 3.30b

(D) -0.81 = Book Value of Equity -1.89b / Total Liabilities 2.34b

Total Rating: -3.23 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 38.32

1. Piotroski 1.50pt

2. FCF Yield 7.69%

3. FCF Margin 25.25%

4. Debt/Equity 0.43

5. Debt/Ebitda 7.53

6. ROIC - WACC (= -8.06)%

7. RoE -3.60%

8. Rev. Trend -52.06%

9. EPS Trend -73.28%

What is the price of BRSP shares?

As of December 19, 2025, the stock is trading at USD 5.94 with a total of 784,354 shares traded.
Over the past week, the price has changed by +0.17%, over one month by +10.20%, over three months by +5.99% and over the past year by +12.60%.

Is BRSP a buy, sell or hold?

Brightspire Capital has received a consensus analysts rating of 3.86. Therefore, it is recommended to buy BRSP.

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	6.1	2.7%
Analysts Target Price	6.1	2.7%
ValueRay Target Price	7	17.3%

BRSP Fundamental Data Overview December 16, 2025

Market Cap USD = 770.9m (770.9m USD * 1.0 USD.USD)
P/E Forward = 8.4746
P/S = 2.3296
P/B = 0.7879
Beta = 1.445
Revenue TTM = 326.8m USD
EBIT TTM = 1.46m USD
EBITDA TTM = 40.1m USD
Long Term Debt = 2.17b USD (from longTermDebt, last quarter)
Short Term Debt = 415.2m USD (from shortTermDebt, last quarter)
Debt = 415.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 301.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.07b USD (770.9m + Debt 415.2m - CCE 113.4m)
Interest Coverage Ratio = 0.02 (Ebit TTM 1.46m / Interest Expense TTM 77.1m)
FCF Yield = 7.69% (FCF TTM 82.5m / Enterprise Value 1.07b)
FCF Margin = 25.25% (FCF TTM 82.5m / Revenue TTM 326.8m)
Net Margin = -11.18% (Net Income TTM -36.5m / Revenue TTM 326.8m)
Gross Margin = 50.66% ((Revenue TTM 326.8m - Cost of Revenue TTM 161.2m) / Revenue TTM)
Gross Margin QoQ = 37.32% (prev 42.39%)
Tobins Q-Ratio = 0.32 (Enterprise Value 1.07b / Total Assets 3.30b)
Interest Expense / Debt = 7.55% (Interest Expense 31.4m / Debt 415.2m)
Taxrate = 9.00% (-129.0k / -1.43m)
NOPAT = 1.33m (EBIT 1.46m * (1 - 9.00%))
Current Ratio = 0.38 (Total Current Assets 156.8m / Total Current Liabilities 415.2m)
Debt / Equity = 0.43 (Debt 415.2m / totalStockholderEquity, last quarter 976.4m)
Debt / EBITDA = 7.53 (Net Debt 301.8m / EBITDA 40.1m)
Debt / FCF = 3.66 (Net Debt 301.8m / FCF TTM 82.5m)
Total Stockholder Equity = 1.01b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.11% (Net Income -36.5m / Total Assets 3.30b)
RoE = -3.60% (Net Income TTM -36.5m / Total Stockholder Equity 1.01b)
RoCE = 0.05% (EBIT 1.46m / Capital Employed (Equity 1.01b + L.T.Debt 2.17b))
RoIC = 0.04% (NOPAT 1.33m / Invested Capital 3.33b)
WACC = 8.10% (E(770.9m)/V(1.19b) * Re(8.76%) + D(415.2m)/V(1.19b) * Rd(7.55%) * (1-Tc(0.09)))
Discount Rate = 8.76% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.05%
[DCF Debug] Terminal Value 73.12% ; FCFE base≈95.5m ; Y1≈82.3m ; Y5≈64.7m
Fair Price DCF = 8.02 (DCF Value 1.04b / Shares Outstanding 129.7m; 5y FCF grow -16.93% → 3.0% )
EPS Correlation: -73.28 | EPS CAGR: -13.02% | SUE: -0.36 | # QB: 0
Revenue Correlation: -52.06 | Revenue CAGR: -10.13% | SUE: -0.04 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.17 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=5
EPS next Year (2026-12-31): EPS=0.71 | Chg30d=+0.013 | Revisions Net=-1 | Growth EPS=+11.5% | Growth Revenue=-3.2%

Additional Sources for BRSP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle