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BrightSpire Capital, Inc.

BRSP Real Estate Reit Mortgage

BrightSpire Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $203.3 million, down 0.77% from fiscal 2024. In the quarter to June 2026, revenue fell 9.80%, EPS grew 21.1%, free cash flow grew 150.3% and total debt rose 31.7%, each against the same quarter a year earlier.

3.69 0.10 −2.64%
Market cap
$479.5M
P/E
0.0×
Fwd P/E
25.0×
Dividend yield
17.3%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 3.13%

Capital & Financial Ratios $m

Market Cap 479.53
Revenue 204.42
Net Income (34.36)
Free Cash Flow 175.20
Net Debt 2,164.36
Current Ratio 0.83
Debt/Equity 2.75
P/E ratio 0.00
Fwd P/E 25.00
P/S ratio 2.29
P/B ratio 0.55
Past 5Y EPS Growth —
This Y EPS Growth (12.95%) (below 0%: weak)
Next Y EPS Growth 16.15% (at or above 15%: strong)
Next Y revenue growth 34.52% (at or above 10%: strong)
Next 5Y EPS Growth 0.52%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 12.9×, against a ten-year median of 11.0×; over the ten years it ranged from 3.6× in 2020 to 15.4× in 2022.
P/S against its own 10 years 4.57%
10-year low 10-year high
P/B against its own 10 years 13.16%
10-year low 10-year high
EV/Sales against its own 10 years 77.98%
10-year low 10-year high
EV/FCF against its own 10 years 42.55%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.64
Annual Dividend Yield 17.34%
total individual payouts
2027 Powerpack
2026 0.64
0.16
0.16
0.16
2025 0.64
0.16
0.16
0.16
0.16
2024 0.72
0.20
0.20
0.16
0.16
2023 0.80
0.20
0.20
0.20
0.20
2022 0.79
0.19
0.20
0.20
0.20
2021 0.58
0.10
0.14
0.16
0.18
2020 0.30
0.10
0.10
0.10
2019 1.65
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.10
0.10
2018 1.60
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 362 451 174 170
Receivables 41 39 46 51
Inventory — — — —
Other — — — —
404 489 219 221
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt — — — —
Other — — — —
736 702 478 266

Compound Annual Growth %

10y 5y 3y
Sales 6.08% (6.15%) (3.09%)
Cash Flow 1.22% (5.39%) (16.47%)
Earnings 0.00% 0.00% 0.00%
Book Value (1.05%) (13.87%) (12.57%)

Revenue $m

Mar Jun Sep Dec Year
’26 52 49 — — —
’25 45 54 53 51 203
’24 56 53 49 47 205
’23 59 55 59 60 233
’22 54 55 55 59 223
’21 50 52 61 62 224
’20 90 60 67 62 279
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 11 29 — — —
’25 11 17 30 15 73
’24 25 23 31 25 103
’23 40 23 38 36 138
’22 32 22 34 36 125
’21 2 (130) 58 50 (21)
’20 57 (28) 15 51 96
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 35 29 — — —
’25 13 12 62 49 136
’24 22 23 48 24 117
’23 38 19 38 35 131
’22 31 22 89 35 177
’21 0 203 380 49 301
’20 207 (15) (166) 503 528
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.03 (0.15) — — —
’25 0.04 (0.19) 0.01 (0.12) (0.26)
’24 (0.45) (0.53) 0.09 (0.16) (1.05)
’23 (0.03) (0.06) 0.09 (0.13) (0.12)
’22 0.21 0.26 (0.16) 0.03 0.34
’21 (0.71) (0.15) (0.54) 0.63 (0.79)
’20 (0.62) (1.77) 0.04 (0.41) (2.75)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — 15.56 11.18 2.46 7.05 6.11 5.20 5.07 4.16

Analyst estimates 2026–2028

Powerpack
High — — 23.23 17.99 14.01 10.68 10.42 8.01 7.71 6.32
People
People Employees 575 — 0 450 — 55 54 55 49 47
Revenue/emp, $m 0.20 0.00 0.00 0.79 0.00 4.08 4.14 4.23 4.18 4.33
Income, $m
Income, $m Revenue 116 144 298 354 279 224 223 233 205 203
Gross margin, % 99.22 94.45 60.74 56.16 66.07 82.23 89.16 88.55 83.46 67.58
EBT 94 105 (164) (496) (251) 33 49 (24) (134) (60)
EBT margin, % 81.32 73.31 (55.14) (140.24) (90.01) 14.62 22.03 (10.15) (65.62) (29.64)
Net income 109 128 (177) (463) (376) (105) 47 (16) (136) (39)
Depreciation (2) 4 88 97 62 42 31 33 42 48
Per share, $
Per share, $ Revenue 2.62 3.24 2.47 2.76 2.17 1.75 1.75 1.83 1.61 1.60
Earnings 2.46 2.88 (1.41) (3.25) (2.75) (0.79) 0.35 (0.12) (1.05) (0.26)
Cash flow 1.99 2.41 0.83 1.07 0.75 (0.17) 0.98 1.08 0.81 0.58
Capex 0.00 0.19 (3.44) 0.48 3.36 2.51 0.41 (0.06) 0.11 0.50
Free cash flow 1.99 2.60 (2.61) 1.54 4.11 2.34 1.39 1.03 0.92 1.07
Book value 27.83 31.70 23.58 17.15 15.24 11.61 10.91 10.06 8.21 7.32
Shares, m 44 44 121 128 129 128 127 127 127 127
Valuation, ×
Valuation, × P/E 7.08 7.08 0.00 0.00 0.00 0.00 18.56 0.00 0.00 0.00
P/S 6.30 6.30 6.40 4.77 3.45 5.87 3.60 4.01 3.51 3.49
P/B 0.64 0.64 0.67 0.77 0.49 0.88 0.58 0.73 0.69 0.77
EV/Sales 5.17 5.17 7.60 8.00 5.09 15.05 13.04 11.33 10.45 12.75
EV/FCF 6.38 6.38 (7.20) 14.27 2.69 5.34 16.46 20.19 18.31 19.07
Cash, $m
Cash, $m Operating cash flow 89 107 101 137 96 (21) 125 138 103 73
Capex 0 9 (415) 61 431 322 52 (7) 14 63
Free cash flow 88 116 (314) 198 528 301 177 131 117 136
Balance, $m
Balance, $m Working capital 1,717 1,321 2,977 1,314 1,600 354 (305) (332) (212) (258)
Total debt 502 109 1,447 1,932 1,370 2,406 2,508 2,065 1,872 2,055
Net debt 274 (162) 357 1,141 457 2,059 2,109 1,703 1,422 1,881
Shareholders’ equity 1,236 1,408 2,845 2,201 1,959 1,491 1,389 1,278 1,046 928
Returns, %
Returns, % ROA 4.06 4.86 (3.21) (5.16) (5.19) (1.71) 0.88 (0.35) (3.33) (0.85)
ROIC 3.91 5.31 (3.18) (9.39) (2.12) (0.82) 0.26 (0.51) (3.41) (1.29)
ROE 6.71 6.70 (7.92) (16.43) (16.99) (5.86) 3.18 (1.17) (11.36) (3.16)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

BrightSpire Capital, Inc. vs peers in Reit Mortgage (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MFA MFA Financial, Inc. $677.3M 6.5× 10.1× +4.48% (above 0%: growing) +59.09% (above 0%: growing) +162.56% (above 0%: growing) 100.00% 78.90% Compare
PMT PennyMac Mortgage Investment Trust $615.7M 4.9× 8.4× +3.60% (above 0%: growing) n/m −45.97% (below 0%: shrinking) 63.63% 34.80% Compare
IVR INVESCO MORTGAGE CAPITAL INC $607.1M 3.7× 10.2× +20.93% (above 0%: growing) n/m +3.93% (above 0%: growing) 35.24% 28.86% Compare
ABR Arbor Realty Trust $522.4M 38.6× 22.1× −2.77% (below 0%: shrinking) n/m +172.80% (above 0%: growing) 19.79% (4.57%) Compare
FBRT Franklin BSP Realty Trust, Inc. $520.7M 14.1× 9.4× +32.33% (above 0%: growing) −36.84% (below 0%: shrinking) +87.71% (above 0%: growing) 90.86% 18.69% Compare
BRSP BrightSpire Capital, Inc. $479.5M — (loss-making) 25.0× −9.80% (below 0%: shrinking) n/m +150.31% (above 0%: growing) 61.99% (40.13%)
TRTX TPG RE Finance Trust, Inc. $454.5M 10.7× 10.5× −6.05% (below 0%: shrinking) −42.86% (below 0%: shrinking) −70.48% (below 0%: shrinking) 100.00% 49.39% Compare
RWT Redwood Trust, Inc. $390.7M — (loss-making) 8.4× +35.48% (above 0%: growing) n/m −77.33% (below 0%: shrinking) 8.33% (1.59%) Compare
KREF KKR Real Estate Finance Trust $352.3M — (loss-making) — (loss-making) −41.60% (below 0%: shrinking) n/m −137.85% (below 0%: shrinking) 100.00% (560.14%) Compare
Median of peers $521.5M 8.6× 10.1× +4.04% −36.84% −21.02% 77.25% 23.78%

All 37 Reit Mortgage stocks →

BrightSpire Capital, Inc. (BRSP) key facts

  • Concern: BrightSpire Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $203.3 million, down 0.77% from fiscal 2024.
  • BrightSpire Capital, Inc. (BRSP) is a Reit Mortgage company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, BRSP traded at $3.69, a market capitalization of $479.5 million.
  • BrightSpire Capital, Inc. pays an annual dividend of $0.64 per share, a yield of 17.3%.
  • Return on equity was −3.16% and debt-to-equity 2.75.
  • Its Piotroski F-score is 5 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

BrightSpire Capital, Inc. (BRSP) Latest News

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stockrow.com/BRSP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com