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BrightSpire Capital (BRSP)
NYSE:BRSP
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.16Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a cautiously optimistic outlook: significant positive momentum in originations, a successful CLO that expands lending capacity, improved reserve ratios, and full-year dividend coverage are balanced against meaningful near-term challenges — notably sizeable REO exposure (~$315–$360M), Q4 GAAP/DE losses, specific CECL charges, and modest declines in book value. Management has a clear plan to monetize REO/watch-list assets, redeploy proceeds into new loans, execute an additional CLO, and target loan book growth to ~$3.5 billion in 2026, which supports a constructive view of future performance if execution continues as planned.Company Guidance
Strong Origination Momentum
Closed 32 new loans for $941 million of total commitments since restarting originations (end of 2024); Q4 2025 closed 13 loans totaling $416 million (largest funding quarter since restart). Loan portfolio grew $315 million to $2.7 billion as of 12/31/2025, a 13% increase from Q3.
Fourth Managed CLO Execution
Closed a $955 million managed CLO featuring a $98 million ramp and a 2.5-year reinvestment period; transaction had strong investor demand with 19 investors participating, increasing lending capacity and flexibility.
Adjusted Distributable Earnings and Full-Year Coverage
Adjusted DE for Q4 2025 was $19.3 million ($0.15/share). For full year 2025 adjusted DE was $83.6 million ($0.64/share), representing a ~7.4% return on undepreciated shareholders' average equity. Full-year dividend of $0.64/share was fully covered on time.
Improved Reserve Position
General CECL provision decreased to $88 million (315 basis points on total loan commitments) from $127 million (517 basis points) in Q3 — a decline of 202 basis points (~39% reduction), indicating reserve improvement versus the prior quarter.
Healthy Liquidity and Capital Availability
Total liquidity approximately $168 million including $98 million unrestricted cash (with ~$64 million expected from CLO unwind) plus $70 million available on credit facility, supporting origination and portfolio activity.
Share Repurchases and Book Value Support
Repurchased ~1.1 million shares at an average price of $5.39 in Q4, producing approximately $0.03 of book value accretion and management signaling belief the stock remains materially undervalued.
Clear 2026 Growth and Execution Plan
Management priorities: grow loan book to ~$3.5 billion in 2026, resolve remaining watch list and monetize majority of REO (notably San Jose Hotel), execute a fifth CLO in H2 2026, and reestablish positive dividend coverage by year-end.
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
BRSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $5.80 | $5.83 | +0.52% |
Oct 28, 2025 | $5.25 | $5.22 | -0.57% |
Jul 29, 2025 | $4.84 | $5.06 | +4.63% |
Apr 29, 2025 | $4.75 | $4.72 | -0.80% |
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 May 06, 2026, Before Open (Confirmed).
What is BrightSpire Capital (BRSP) earnings time?
BrightSpire Capital (BRSP) earnings time is at May 06, 2026, 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 2026 (Q1) is 0.16.