Brightspire Capital Inc ( (BRSP) ) has released its Q1 earnings. Here is a breakdown of the information Brightspire Capital Inc presented to its investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
BrightSpire Capital, Inc. is a prominent commercial real estate credit REIT that focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments and net leased properties primarily in the United States.
In its first quarter of 2025 financial results, BrightSpire Capital reported a GAAP net income attributable to common stockholders of $5.3 million, or $0.04 per share. The company also disclosed distributable earnings of $11.4 million, or $0.09 per share, and adjusted distributable earnings of $20.1 million, or $0.16 per share.
Key highlights from the report include a GAAP net book value of $7.92 per share and an undepreciated book value of $8.75 per share as of March 31, 2025. The company announced a quarterly cash dividend of $0.16 per share and introduced a new stock repurchase program, authorizing the buyback of up to $50 million of its Class A common stock until April 2026.
Looking ahead, BrightSpire Capital’s management remains optimistic about the remainder of 2025, focusing on resolving watchlist and REO assets while expanding its portfolio through new loan originations.