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BrightSpire Capital (BRSP)
NYSE:BRSP
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -4.86%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented both positive and negative aspects. BrightSpire Capital showcased proactive asset management strategies, such as new loan originations and REO sales, alongside maintaining dividend coverage. However, financial strain was evident with a GAAP net loss and substantial watch list exposure, indicating ongoing challenges in the interest rate and lending environment.Company Guidance
During the fourth quarter and full year 2024 earnings call for BrightSpire Capital, several key financial metrics and future guidance were provided by the management team. The company reported a fourth quarter GAAP net loss attributable to common stockholders of $19.7 million, or $0.16 per share, and adjusted distributable earnings of $23.7 million, or $0.18 per share. The liquidity stood at $418 million, with $253 million in unrestricted cash. BrightSpire's GAAP net book value was $8.08 per share, and the undepreciated book value was $8.89 per share as of December 31, 2024. The management outlined plans to originate over $1 billion in new loans in 2025, aiming to grow the loan portfolio to over $3 billion. They successfully funded five new loans totaling $119 million, with another $59 million in closing, primarily in the multifamily sector. The company also made significant progress in resolving watchlist loans and reducing office loan exposure by $500 million. BrightSpire expressed optimism about the potential for spread tightening in the lending market and plans to execute another CLO in the latter half of 2025 to enhance returns on equity.New Loan Originations
BrightSpire Capital funded five new loans totaling $119 million with another $59 million in closing, all in the multifamily segment, signaling a proactive approach in rebuilding their loan book.
Significant Progress in REO Sales
The company completed the sale of an Oakland office property and received substantial repayments across various loans resulting in total aggregate repayments and resolution proceeds of $198 million.
Dividend Coverage
BrightSpire Capital covered their dividend with an adjusted DE of $0.18 per share, maintaining a strategic focus on sustaining positive dividend coverage.
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BRSP Earnings History
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
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BRSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $5.97 | $6.10 | +2.18% |
| Oct 29, 2024 | $5.10 | $6.04 | +18.43% |
| Jul 30, 2024 | $5.86 | $5.42 | -7.51% |
| May 01, 2024 | $5.74 | $5.68 | -1.05% |
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.
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FAQ
When does BrightSpire Capital (BRSP) report earnings?
BrightSpire Capital (BRSP) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is BrightSpire Capital (BRSP) earnings time?
BrightSpire Capital (BRSP) earnings time is at Apr 30, 2025, TBA Not 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 (Q1) is 0.17.
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