BRIGHTSPIRE CAPITAL INC CLASS A (BRSP)
Financials · Commercial real estate credit / CRE debt REIT · NYSE
A commercial real estate credit REIT originating and investing in senior mortgage loans, mezzanine debt, preferred equity, and net-leased properties.
What BRIGHTSPIRE CAPITAL INC CLASS A does
BrightSpire Capital is an internally-managed commercial real estate (CRE) credit REIT that originates, acquires, finances, and manages a diversified portfolio primarily consisting of CRE debt investments and net-leased properties. The company's core strategy focuses on originating and acquiring senior mortgage loans secured by commercial real estate assets, with selective investments in mezzanine loans and preferred equity. Additionally, BrightSpire owns and operates net-leased CRE properties where tenants bear operating expenses and lease obligations. The company aims to preserve and protect shareholder capital while generating attractive risk-adjusted returns through disciplined underwriting and flexible deployment of capital across market cycles.
Themes: ["Commercial real estate credit / CRE debt","Mortgage origination and acquisition","Net-lease real estate investing","REIT / income distributions"]
Fundamentals
- Price$5.32 as of 2026-07-09 close
- Market cap$694M as of 2026-07-10
- 1-year return+5.1% as of 2026-07-09 close
- Net margin-9.4% as of 2026-07-10
- Gross margin+77.5% as of 2026-07-10
- ROE-3.3% as of 2026-07-10
- Debt / equity2.82 as of 2026-07-10
- Revenue growth (YoY)-1.2% as of 2026-07-10
- Revenue CAGR (3y)-3.2% SEC XBRL
- Beta1.38 as of 2026-07-10
Dividend: yield +12.0%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Dependence on borrower and tenant performance for revenue and distributions; deterioration in property performance or borrower credit quality could result in principal losses","Interest rate sensitivity: higher rates increase financing costs and may impair borrowers' refinancing ability; lower rates compress investment yields and returns","Commercial real estate illiquidity and refinancing risk; inability to vary portfolio quickly in response to market changes or to refinance maturing debt could force losses"]
Competitors & peers
- Ladder Capital (LADR)
- Elme Communities (ELME)
- Chimera Investment Corporation (CIM)
- TPG RE Finance Trust (TRTX)
- Blackstone Mortgage Trust (BXMT)
- Condor Hospitality Trust (CNDH)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.