What is BrightSpire Capital's provision for credit losses?

BrightSpire Capital (BRSP) reported provision for credit losses of $10.14M in Q2 2022.

How has BrightSpire Capital's provision for credit losses changed year-over-year?

BrightSpire Capital's provision for credit losses increased by 745.3% year-over-year, from $1.2M to $10.14M.

What does provision for credit losses mean?

Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

BrightSpire Capital BRSP Provision for Credit Losses

Discontinued — last reported Q2 '22

Provision for Credit Losses at other companies

Blackstone Mortgage TrustBXMT

$55.06M+11.2%

Apollo Commercial Real Estate FinanceARI

-$3.29M-182%

Ladder CapitalLADR

-$28K+65.4%

ACR

ACRES Commercial RealtyACR

-$967K+43.7%

NexPoint Real Estate FinanceNREF

-$2.98M-182%

LFT

Lument Finance TrustLFT

-$732.37K-113%

Segments

By segment

See full

Senior and Mezzanine Loans and Preferred Equity$15.44M-24.6%

Corporate and Other$0—

Net Leased and Other Real Estate$0—

By geography

See full

Arlington, Texas$3.5M-62.0%

Denver, Colorado$2.8M-69.6%

Other financials

Income statement

See full

Revenue$85.1M+9.8%

Net income$4.8M-9.3%

EPS (diluted)$0.03-25.0%

Balance sheet

See full

Cash & equivalents$96.6M-51.9%

Total debt$19.8M-14.5%

Total equity$917.9M-11.3%

Total assets$3.6B+2.7%

Cash flow

See full

Operating cash flow$10.9M+4.1%

CapEx$1.6M-35.2%

Free cash flow$9.3M+16.4%

Valuation

See full

Market cap$713.92M+5.2%

Enterprise value$637.19M+27.3%

P/S2.1×+0.1×

Profitability

See full

Net margin-9.4%-3.3pp

FCF margin16.7%-7.7pp

Returns & leverage

See full

Return on equity-3.2%-1.1pp

Debt / equity0×0.0×

Where this comes from

Reported directly by BrightSpire Capital in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.

The official record: BrightSpire Capital’s 10-Q, filed August 3, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is BrightSpire Capital's provision for credit losses?: BrightSpire Capital (BRSP) reported provision for credit losses of $10.14M in Q2 2022.
How has BrightSpire Capital's provision for credit losses changed year-over-year?: BrightSpire Capital's provision for credit losses increased by 745.3% year-over-year, from $1.2M to $10.14M.
What does provision for credit losses mean?: Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.