Skip to content
Screener

BrightSpire Capital BRSP Impairment Of Real Estate

Discontinued — last reported Q2 '26

Impairment Of Real Estate at other companies

Granite Point Mortgage Trust logo
Granite Point Mortgage TrustGPMT
$6.08M
FrontView REIT logo
FrontView REITFVR
$156K-94.8%
Net Lease Office Properties logo
Net Lease Office PropertiesNLOP
$7.09M-91.3%

Segments

By segment

See full
Net Leased and Other Real Estate$9.27M-81.9%
Corporate and Other$0
Senior and Mezzanine Loans and Preferred Equity$0

By geography

See full
Illinois Retail Property$3.1M
Indiana Retail Property$2.4M

Other financials

Income statement

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

Balance sheet

See full
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

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

Valuation

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

Profitability

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

Returns & leverage

See full
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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Interest expense on real estate5,1216,76510,21313,330
Depreciation and amortization8,18710,60716,81421,159
Increase of current expected credit loss reserve13,50258215,247346
Impairment of operating real estate9,27051,1279,27051,127
Compensation and benefits (including $3,443, $2,913, $6,361 and $7,126 of equity-based compensation expense, respectively)8,9898,19418,04518,623
Operating expense3,1582,9766,2536,191
Total expenses68,24597,463116,770138,584
Other income

Item 1. Financial Statements

FAQ

What is BrightSpire Capital's impairment of real estate?
BrightSpire Capital (BRSP) reported impairment of real estate of $9.27M in Q2 2026.
How has BrightSpire Capital's impairment of real estate changed year-over-year?
BrightSpire Capital's impairment of real estate decreased by 81.9% year-over-year, from $51.1M to $9.27M.
What does impairment of real estate mean?
This reflects a non-cash charge taken when the carrying value of a real estate asset exceeds its fair market value. It serves as a critical indicator of asset quality degradation and potential long-term value loss in the portfolio.

Ask your AI about BrightSpire Capital's impairment of real estate.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude