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BrightSpire Capital

BRSP

BrightSpire Capital, Inc. is an internally-managed commercial real estate (CRE) credit REIT that focuses on the origination and management of a diversified portfolio of debt investments and net leased properties.

Market cap
$682.66M+0.4%
Revenue$335.8M+0.2%
Net income-$26.9M-8.4%
Free cash flow$73.8M+2.9%
EPS (diluted)-$0.24-9.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$64.7M
EPS estimate$0.15

Financials

Q2 2026

Income statement

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Revenue$83.5M-2.8%
Net income-$18.3M+20.7%
EPS (diluted)-$0.15+21.1%

Balance sheet

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Cash & equivalents$68.2M-55.8%
Total debt$12.9M-42.4%
Total equity$863.0M-13.2%
Total assets$3.7B+9.9%

Cash flow

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Operating cash flow$29.4M+68.8%
CapEx$500.0K-91.5%
Free cash flow$28.9M+150%

Valuation & ratios

Valuation

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Market cap$682.66M+0.4%
Enterprise value$627.41M+21.5%
P/S+0.1×

Profitability

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Net margin-8%+0.7pp
FCF margin22%+0.6pp

Returns & leverage

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Return on equity-2.9%+0.8pp
Debt / equity0.0×

Segments

By geography

See full
United States$83.5M
Norway-

Competitors

Profile

BrightSpire Capital, Inc. is an internally-managed commercial real estate (CRE) credit REIT that focuses on the origination and management of a diversified portfolio of debt investments and net leased properties. The company primarily provides senior mortgage financing to commercial property owners and developers while selectively investing in mezzanine loans and preferred equity. Its core value proposition lies in generating attractive risk-adjusted returns through disciplined underwriting and active asset management across various economic cycles.

Competitive position

A large publicly-traded CRE mortgage REIT that leverages an internally-managed structure and deep industry relationships to provide customized financing solutions.

GeographiesUnited States
Customer segmentsCommercial Borrowers, Corporate Tenants
Business modelLending, Asset Management, Direct Property Ownership
SuppliersCapital markets, Commercial banks, Warehouse facility providers, Securitization markets
CustomersReal estate developers, Property owners, Institutional real estate investors
Listed2018
Employees55.0
CEOMichael Joseph Mazzei
FilingsSEC EDGAR

Questions, answered.

What is BrightSpire Capital's market cap?
BrightSpire Capital (BRSP) has a market capitalization of $682.7M and trades on NYSE.
What is BrightSpire Capital's revenue and profitability?
BrightSpire Capital generated $335.8M in trailing twelve-month revenue with a net loss of $26.9M, representing a net margin of -8.0%, with free cash flow of $73.8M. These figures are based on the Q2 2026 filing.
Who are BrightSpire Capital's competitors?
BrightSpire Capital's key competitors include Blackstone Mortgage Trust, Inc., Starwood Property Trust, Inc., Apollo Commercial Real Estate Finance, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does BrightSpire Capital have?
BrightSpire Capital's subsidiaries include BrightSpire Capital Operating Company, LLC.
Where is BrightSpire Capital headquartered?
BrightSpire Capital is headquartered in United States of America and employs approximately 55 people. It has been publicly traded since 2018.