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NEW YORK - BrightSpire Capital, Inc. (NYSE: BRSP) announced Monday that its Board of Directors has declared a quarterly dividend of $0.16 per share of Class A common stock for the quarter ending June 30, 2025. The company currently offers an attractive 12.24% dividend yield, according to InvestingPro data.
The dividend will be payable on July 14, 2025, to stockholders of record as of June 30, 2025, according to a company press release.
BrightSpire Capital is an internally managed commercial real estate credit REIT that focuses on originating, acquiring, financing, and managing a diversified portfolio primarily consisting of commercial real estate debt investments and net leased properties in the United States.
The company’s primary investment strategy centers on first mortgage loans. BrightSpire Capital is organized as a Maryland corporation and taxed as a REIT for U.S. federal income tax purposes.
The announcement comes as part of the company’s regular quarterly dividend distribution schedule. BrightSpire Capital is one of the largest publicly traded commercial real estate credit REITs in the market.
In other recent news, BrightSpire Capital reported its first-quarter 2025 earnings, revealing an earnings per share (EPS) of $0.16, which missed the forecasted $0.18. The company’s revenue for the quarter was $63.66 million, aligning with expectations. Despite the earnings miss, BrightSpire Capital remains focused on maintaining its dividend and targeting significant portfolio growth. In addition to financial updates, BrightSpire Capital held its annual stockholders meeting, where all six director nominees were elected to serve until the 2026 meeting. Shareholders approved the executive compensation for the year ending December 31, 2024, and recommended annual advisory votes on executive compensation. The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was also ratified. The company’s board has agreed to hold annual advisory votes on executive compensation until at least 2031, following shareholders’ recommendations. These developments reflect BrightSpire Capital’s strategic focus amid a challenging market environment.
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