The earnings call presented a mix of positive and negative developments. While there was notable progress in reducing watch list loans and maintaining liquidity, the company faced significant GAAP net losses and challenges related to specific REO properties and legacy office equity impairments. The overall sentiment is balanced with cautious optimism for future growth.

Company Guidance -

Q3 2025

During BrightSpire Capital's second quarter 2025 earnings call, the company provided guidance highlighting several key metrics. They reported a GAAP net loss attributable to common stockholders of $23.1 million, or $0.19 per share, and adjusted distributable earnings of $22.9 million, or $0.18 per share. The company's current liquidity stood at $325 million, with $106 million in unrestricted cash. BrightSpire's GAAP net book value was reported at $7.65 per share, while the undepreciated book value was $8.75 per share. The portfolio experienced a net growth of approximately 3%, or $70 million, excluding the impact of the San Jose loan moving to REO. The company successfully reduced its watch list exposure by nearly 50%, with a total watch list exposure now at $202 million, or 9% of the loan portfolio. BrightSpire also repurchased 561,000 shares at an average price of $5.19, trading at a significant discount to its undepreciated book value. The company remains optimistic about market conditions, especially in the commercial real estate debt markets, and anticipates improved loan origination conditions in the latter half of the year.

Loan Portfolio Growth

The portfolio grew by approximately 3% or $70 million on a net basis, excluding the impact of the San Jose loan moving to REO.

Significant Reduction in Watch List Loans

Watch list loan exposure was reduced from $396 million at the end of Q1 to $202 million, a 50% reduction, or 9% of the loan portfolio.

Liquidity Position

Current liquidity stands at $325 million, comprising $106 million in cash and $219 million in available credit.

Positive Market Conditions

Notable improvement in market conditions with stabilized credit and lending spreads, and increased loan inquiry.

Repurchase of Shares

561,000 shares were repurchased at an average price of $5.19, trading at a 40% discount to undepreciated book value.

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 Inc (BRSP) report earnings?

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

What is Brightspire Capital Inc (BRSP) earnings time?

Brightspire Capital Inc (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.

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