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BrightSpire Capital BRSP Net Leased and Other Real Estate — Operating expense

Other segment segments

Corporate and Other
$3.18M+6.8%
Senior and Mezzanine Loans and Preferred Equity
-$18K-1,000%

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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:OtherGeneralAndAdministrativeExpense.

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
Three Months Ended June 30, 2026Senior and Mezzanine Loans and Preferred EquityNet Leased and Other Real EstateCorporate and OtherTotal
Increase of current expected credit loss reserve(13,502)(13,502)
Impairment of operating real estate(9,270)(9,270)
Compensation and benefits(8,989)(8,989)
Operating expense18(3,176)(3,158)
Other loss, net(27)(27)
Income (loss) before equity in earnings of unconsolidated ventures and income taxes3,447(10,617)(12,402)(19,572)
Equity in earnings (loss) of unconsolidated ventures(602)(602)
Income tax expense(2)(8)(10)

Item 1. Financial Statements

FAQ

What is BrightSpire Capital's net leased and other real estate — operating expense?
BrightSpire Capital (BRSP) reported net leased and other real estate — operating expense of $0 in Q2 2026.
How has BrightSpire Capital's net leased and other real estate — operating expense changed year-over-year?
BrightSpire Capital's net leased and other real estate — operating expense decreased by 100.0% year-over-year, from $1K to $0.
What is the long-term trend for BrightSpire Capital's net leased and other real estate — operating expense?
Over 3 years (2021 to 2025), BrightSpire Capital's net leased and other real estate — operating expense has grown at a -60.6% compound annual growth rate (CAGR), from $164K to $10K.
What does net leased and other real estate — operating expense mean?
General administrative and operational expenses incurred to support the activities of the net leased and other real estate segment. It serves as a measure of the segment's overall overhead and cost-control discipline.

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