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BrightSpire Capital BRSP Illinois Retail Property — Impairment of operating real estate

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Indiana Retail Property
$2.4M

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Other financials

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

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Market cap$619.97M-10.5%
Enterprise value$564.72M+0.7%
P/S1.9×-0.2×

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×

Where this comes from

Reported directly by BrightSpire Capital in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfRealEstate.

The source filing: BrightSpire Capital’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:05 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001717547-26-000062

Similarly, as a result of the foreclosure process, for one Illinois retail property, a receiver was appointed and took possession and full control subsequent to June 30, 2026. As such, the Company recorded $3.1 million of impairment of operating real estate during the three months ended June 30, 2026.

Item 1. Financial Statements

FAQ

What is BrightSpire Capital's illinois retail property — impairment of operating real estate?
BrightSpire Capital (BRSP) reported illinois retail property — impairment of operating real estate of $3.1M in Q2 2026.
What does illinois retail property — impairment of operating real estate mean?
This metric represents the non-cash charge recognized when the carrying value of retail real estate assets located in Illinois exceeds their estimated fair value. It serves as an indicator of asset devaluation due to market shifts, declining occupancy, or adverse economic conditions within the specific regional retail sector. Investors monitor this figure to assess the recoverability of capital invested in the portfolio and the potential for future earnings volatility.

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