BrightSpire Capital, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Norway. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Colony Credit Real Estate, Inc. and changed its name to BrightSpire Capital, Inc. in June 2021. BrightSpire Capital, Inc. was incorporated in 2017 and is based in New York, New York.
CRE Challenges | BrightSpire Capital grapples with problematic loans and REO holdings in a complex commercial real estate landscape, impacting financial performance |
Financial Maneuvers | Explore BrightSpire's strategic decisions, including significant write-downs and dividend adjustments, as it navigates uncertainties in legacy investments |
Portfolio Dynamics | Delve into BrightSpire's diverse collateral mix and credit quality management, balancing risks across multifamily and office properties |
Market Outlook | Analyst price targets range from $7.00 to $7.50, reflecting mixed views on BrightSpire's ability to overcome challenges and capitalize on market opportunities |
Metrics to compare | BRSP | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipBRSPPeersSector | |
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P/E Ratio | −9.0x | 23.8x | 9.6x | |
PEG Ratio | 2.01 | −0.59 | 0.03 | |
Price/Book | 0.6x | 1.0x | 1.0x | |
Price / LTM Sales | 1.9x | 5.8x | 2.9x | |
Upside (Analyst Target) | 29.9% | 0.0% | 11.2% | |
Fair Value Upside | Unlock | −4.6% | 1.9% | Unlock |