Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
01 February 2018Website:
http://www.brightspire.comNext earnings report:
N/ALast dividends:
30 September 2024Next dividends:
N/APrice
pre-market | 43 min agoAnalysts recommendations
Institutional Ownership
BRSP Latest News
BrightSpire Capital, Inc. (NYSE:BRSP ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants David Palame - General Counsel Mike Mazzei - Chief Executive Officer Andy Witt - President and Chief Operating Officer Frank Saracino - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Steve Delaney - JMP Securities Jason Weaver - Jones Trading Eric Dray - Bank of America Matthew Howlett - B. Riley Operator Good day and welcome to the BrightSpire Capital Inc. Third Quarter 2024 Earnings Call.
BrightSpire Capital faces challenges due to high office sector exposure and elevated loan loss provisioning, impacting earnings and net asset value. Approximately 20% of BRSP's portfolio is on the watchlist, with ongoing risks necessitating careful observation despite most loans being current in interest payments. BRSP trades at a significant discount to net asset value, with no near-term catalysts for revaluation, warranting a "Hold" rating for cautious investors.
Colony Credit (BRSP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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When a dividend cut occurs, it's time to analyze the data again and evaluate the outcomes. My portfolio has seen 20 hikes and 4 cuts, but every cut deserves focused attention. We provide an in-depth review of BrightSpire Capital, Inc. and their recent earnings to look for systemic issues.
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BrightSpire Capital, Inc. (NYSE:BRSP ) Q2 2024 Results Conference Call July 31, 2024 10:00 AM ET Company Participants David Palame - General Counsel Mike Mazzei - Chief Executive Officer Andy Witt - President and Chief Operating Officer Frank Saracino - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Steve Delaney - JMP Securities Matt Howlett - B. Riley Securities Jason Weaver - JonesTrading Tom Catherwood - BTIG Operator Hello, and welcome to the BrightSpire Capital, Inc. Second Quarter 2024 Earnings Call.
BrightSpire (BRSP) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.25 per share a year ago.
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Risk requires a lower price and increased return. Assessing risk is subjective, with analysts frequently differing in opinion. We delve further, searching for profitable opportunities.
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What type of business is BrightSpire Capital?
BrightSpire Capital, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Colony Credit Real Estate, Inc. and changed its name to BrightSpire Capital, Inc. in June 2021. BrightSpire Capital, Inc. was incorporated in 2017 and is headquartered in New York, New York.
What sector is BrightSpire Capital in?
BrightSpire Capital is in the Real Estate sector
What industry is BrightSpire Capital in?
BrightSpire Capital is in the Mortgage industry
What country is BrightSpire Capital from?
BrightSpire Capital is headquartered in United States
When did BrightSpire Capital go public?
BrightSpire Capital initial public offering (IPO) was on 01 February 2018
What is BrightSpire Capital website?
https://www.brightspire.com
Is BrightSpire Capital in the S&P 500?
No, BrightSpire Capital is not included in the S&P 500 index
Is BrightSpire Capital in the NASDAQ 100?
No, BrightSpire Capital is not included in the NASDAQ 100 index
Is BrightSpire Capital in the Dow Jones?
No, BrightSpire Capital is not included in the Dow Jones index
When was BrightSpire Capital the previous earnings report?
No data
When does BrightSpire Capital earnings report?
Next earnings report date is not announced yet