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EBIT by Segment
Breaks down earnings before interest and taxes across the company’s business units, showing which segments generate core operating profit and which are loss-making. For a finance-focused firm like BrightSpire Capital, this highlights the profitability of lending, servicing, and investment activities, how concentrated earnings are, and which segments are most likely to sustain dividends or require capital adjustments.Legacy REO and net‑leased assets are the clear drag—large negative inflection points (mid‑2024, mid‑2025) reflect mark‑downs/realizations tied to problematic REO positions—while Senior/Mezzanine & Loans have swung from volatile losses to renewed positive contribution in 2025 as origination resumed. Corporate remains a steady small drag. Management’s push to sell REO, shrink the watchlist and redeploy into new loans plus a planned CLO is the path to normalize EBIT and restore dividend coverage, but timing and execution of those sales/CLO issuance are the main risks.
Date | Corporate and Other | Senior and Mezzanine, Loans and Preferred Equity | CRE Debt Securities | Net Leased and Other Real Estate |
|---|---|---|---|---|
Mar 31, 2026 | -$10.27M | $14.61M | $0.00 | -$1.12M |
Dec 31, 2025 | -$11.19M | $2.01M | $0.00 | -$6.81M |
Sep 30, 2025 | -$9.20M | $9.02M | $0.00 | -$1.26M |
Jun 30, 2025 | -$10.13M | $16.16M | $0.00 | -$52.86M |
Mar 31, 2025 | -$11.44M | $15.87M | $0.00 | -$447.00K |
Dec 31, 2024 | -$8.00M | -$3.07M | $0.00 | -$9.71M |
Sep 30, 2024 | -$8.62M | $19.28M | $0.00 | $1.00M |
Jun 30, 2024 | -$10.31M | -$14.69M | $0.00 | -$43.49M |
Mar 31, 2024 | -$9.41M | -$46.93M | $0.00 | -$518.00K |
Dec 31, 2023 | -$9.29M | -$1.78M | $0.00 | -$5.04M |