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BrightSpire Capital (BRSP)
NYSE:BRSP
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.16Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 3.56%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed outlook with strong liquidity and progress in portfolio management as positive highlights. However, ongoing market volatility, challenges in loan origination, and valuation decline present significant concerns. The company's efforts to maintain its dividend and manage its portfolio are promising, but the macroeconomic environment poses risks.Company Guidance
During the BrightSpire Capital Inc. First Quarter 2025 earnings call, the company provided guidance on various financial metrics and market conditions. The company reported first-quarter GAAP net income attributable to common stockholders of $5.3 million, or $0.04 per share, as well as adjusted distributable earnings of $20.1 million, or $0.16 per share. They highlighted their current liquidity at $310 million, with $145 million in unrestricted cash and approximately $56 million in approved but undrawn borrowings. The GAAP net book value was reported at $7.92 per share, while the undepreciated book value stood at $8.75 per share as of March 31, 2025. Management noted an increase in loan inquiries and a pickup in investment sales, despite transaction volumes being below historic levels. They also emphasized the importance of growing the loan portfolio to $3.5 billion to sustain and potentially grow the dividend, with a current target to reach a leverage level of approximately 3.3 times. Additionally, they discussed the impact of lower interest rates and market volatility on their strategies and expressed optimism about the ongoing improvement of their balance sheet and maintaining their dividend.Strong Liquidity Position
The company reported current liquidity of $310 million, with $145 million in unrestricted cash and $56 million in approved but undrawn borrowings available on warehouse lines.
Positive Loan Inquiries and Pipeline
Despite market volatility, the company has seen a considerable increase in loan inquiries and is actively evaluating and quoting new loans daily.
Progress in Portfolio Management
For the first time since 2022, year-to-date deployments have outpaced repayments, CECL levels have remained stable, and watch list exposure has been reduced.
Successful REO Asset Sales
The company is in the final stages of exiting its Phoenix multifamily property and has sold one REO office property for $5 million, with strong interest in remaining REO multifamily properties.
Share Repurchase Program
The company repurchased approximately 200,000 shares at an average price of $5.59 and is trading at a 45% discount to its undepreciated book value.
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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
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BRSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 29, 2025 | $5.05 | $5.01 | -0.79% |
| Feb 18, 2025 | $5.80 | $5.93 | +2.24% |
| Oct 29, 2024 | $4.96 | $5.87 | +18.35% |
| Jul 30, 2024 | $5.69 | $5.26 | -7.56% |
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.
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FAQ
When does BrightSpire Capital (BRSP) report earnings?
BrightSpire Capital (BRSP) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is BrightSpire Capital (BRSP) earnings time?
BrightSpire Capital (BRSP) earnings time is at Jul 30, 2025, TBA Not 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 (Q2) is 0.16.
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