BrightSpire Capital (BRSP)
NYSE:BRSP
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.16Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented notable positive momentum: strong origination activity, a growing pipeline (top-of-funnel +50% YoY), clear targets to grow the loan book to $3.5B and execute a CLO, improving watchlist metrics, and adequate liquidity. Offsetting these positives are persistent legacy credit and REO items, a modest QoQ decline in book value driven by equity compensation, a $2.6M specific reserve/charge-off, regional headwinds in parts of the Sunbelt (notably Arizona), and a shortfall in dividend coverage this quarter (management expects to cover by year-end). On balance, the operational momentum and pipeline progress outweigh the remaining credit and timing risks, but execution on asset dispositions and CLO issuance will be key to realizing the positive outlook.Company Guidance
Loan Origination Momentum and Pipeline
Since reinitiating production closed 37 loans totaling $1.1B plus 9 loans in execution for $283M (combined > $1.4B). Loan book stands at $2.7B across 100 loans with an average loan size of ~$27M. Year-to-date closed or in execution: 17 loans for $594M (14 multifamily). Management expects to cross $3.0B midyear and target $3.5B by year-end.
Strong Top-of-Funnel Activity
Top-of-funnel transaction volume was > $29B in Q1, representing an increase of over 50% versus the same period last year, indicating improving deal flow and middle-market opportunities primarily in the $20M–$70M range.
Earnings and Distributable Earnings
Reported GAAP net income attributable to common stockholders of $4.8M ($0.03/share). Distributable earnings (DE) were $15.6M ($0.12/share) and adjusted DE was $18.2M ($0.14/share) for Q1. DE included a specific reserve of ~$2.6M.
Liquidity and Capital Markets Access
Current liquidity of approximately $206M (including $58M cash, $120M available on credit facility and ~$28M approved but undrawn warehouse capacity). Management expects to execute a fifth CRE CLO in H2, with favorable market pricing (AAAs price talk ~135, ~10 bps tighter than January).
Watchlist and REO Progress
Watchlist exposure improved: Q1 resolutions reduced exposure to $166M (~6% of the loan portfolio). After pending sales, remaining watchlist expected to be two positions with aggregate GBV ~$67M. REO consists of 6 positions with $336M gross carrying value; management is marketing and executing value-add plans with expected sales timing provided.
Reserves and Credit Metrics Improving or Stabilizing
General CECL provision decreased slightly to $87M, or 306 basis points on total loan commitments (down from $88M or 315 bps prior quarter). Reported portfolio risk ranking remained stable at 3.1 quarter-over-quarter.
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 |
|---|---|---|---|
Apr 28, 2026 | $6.07 | $5.80 | -4.45% |
Feb 17, 2026 | $5.63 | $5.66 | +0.51% |
Oct 28, 2025 | $4.96 | $4.93 | -0.56% |
Jul 29, 2025 | $4.57 | $4.78 | +4.62% |
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 Aug 05, 2026, Before Open (Confirmed).
What is BrightSpire Capital (BRSP) earnings time?
BrightSpire Capital (BRSP) earnings time is at Aug 05, 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 (Q2) is 0.16.