The earnings call highlighted significant achievements in risk reduction and market improvements, with positive net loan growth and a strong liquidity position. However, these were balanced by challenges such as a notable GAAP net loss, low loan originations, and asset impairments. The management remains optimistic about future opportunities.

Company Guidance

In the second quarter of 2025, BrightSpire Capital reported a GAAP net loss of $23.1 million, equivalent to $0.19 per share, while achieving distributable earnings of $3.4 million or $0.03 per share and adjusted distributable earnings of $22.9 million or $0.18 per share. The company maintained a GAAP net book value of $7.65 per share and an undepreciated book value of $8.75 per share. Liquidity was strong at $325 million, including $106 million in unrestricted cash. BrightSpire made progress in reducing their watch list loans by 50% and enhancing their loan portfolio with net positive growth, closing or executing six new loans worth $114 million. Additionally, they repurchased 561,000 shares at an average price of $5.19. The management expressed optimism about the commercial real estate market, noting improvements in market conditions and stability in lending spreads.

Successful Reduction in Watch List Exposure

The company reduced its watch list exposure by 50%, with significant progress in derisking the portfolio. Key reductions included foreclosing on and taking ownership of the San Jose Hotel loan.

Positive Net Loan Growth

Despite a lull in new loan closings, the company experienced positive growth in its loan book, with a 3% increase or $70 million net growth in the portfolio.

Improved Market Conditions

Commercial real estate debt markets showed significant improvement and reduced volatility, with stable credit and lending spreads, increased loan inquiries, and a reactivated CMBS market.

Stock Repurchase Program

The company repurchased 561,000 shares at an average price of $5.19, believing its stock is significantly undervalued.

High Liquidity Position

The company reported liquidity of $325 million, including $106 million in unrestricted cash.

BrightSpire Capital (BRSP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BRSP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.17 / -	0.21	―	―	―
Jul 29, 2025	2025 (Q2)	0.15 / 0.18	0.22	-18.18% (-0.04)
Apr 29, 2025	2025 (Q1)	0.17 / 0.16	0.23	-30.43% (-0.07)
Feb 18, 2025	2024 (Q4)	0.18 / 0.18	0.28	-35.71% (-0.10)
Oct 29, 2024	2024 (Q3)	0.20 / 0.21	0.28	-25.00% (-0.07)
Jul 30, 2024	2024 (Q2)	0.22 / 0.22	0.25	-12.00% (-0.03)
May 01, 2024	2024 (Q1)	0.24 / 0.23	0.27	-14.81% (-0.04)
Feb 21, 2024	2023 (Q4)	0.24 / 0.28	0.27	3.70% (+0.01)
Oct 30, 2023	2023 (Q3)	0.21 / 0.28	0.25	12.00% (+0.03)
Aug 02, 2023	2023 (Q2)	0.24 / 0.25	0.24	4.17% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BRSP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$4.98	$5.21	+4.62%
Apr 29, 2025	$4.90	$4.86	-0.82%
Feb 18, 2025	$5.62	$5.75	+2.31%
Oct 29, 2024	$4.81	$5.69	+18.30%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does BrightSpire Capital (BRSP) report earnings?

BrightSpire Capital (BRSP) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is BrightSpire Capital (BRSP) earnings time?

BrightSpire Capital (BRSP) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BRSP EPS forecast?

BRSP EPS forecast for the fiscal quarter 2025 (Q3) is 0.17.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing