Welcome to our dedicated page for BrightSpire Capital news (Ticker: BRSP), a resource for investors and traders seeking the latest updates and insights on BrightSpire Capital stock.
BrightSpire Capital, Inc. (NYSE: BRSP) is an internally-managed commercial real estate credit REIT. The company specializes in originating, acquiring, financing, and managing a diversified portfolio of commercial real estate debt and net lease real estate investments, primarily within the United States. By investing in CRE debt instruments, BrightSpire Capital aims to generate consistent risk-adjusted returns for its stakeholders.
Originally known as Colony Credit Real Estate, Inc. (CLNC), the company underwent a significant internalization of its management and operations, leading to a rebranding on April 30, 2021. The transformation brought a new level of focus and dedication to its business model.
The company's core business segments include Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, and Corporate and Other. These segments allow BrightSpire Capital to offer a range of solutions across the capital stack, ensuring flexibility and stability.
The team at BrightSpire Capital includes seasoned real estate finance professionals with a demonstrated track record. They are committed to providing flexible solutions and prioritizing stability, clarity, and collaboration in all processes and deal executions.
Recent achievements and projects include the successful origination and management of first mortgage loans, which have proven effective in meeting the company's objectives. Additionally, geographically, the company generates its revenue predominantly from operations within the United States.
The latest news and updates about BrightSpire Capital, Inc. are essential for stakeholders wishing to stay informed about the company's performance, events, and developments. For the most current data, refer to news sources directly from BrightSpire Capital, Inc.
BrightSpire Capital (NYSE: BRSP) reported its Q3 2024 financial results with GAAP net income of $12.7 million ($0.10 per share), Distributable Earnings of $17.9 million ($0.14 per share), and Adjusted Distributable Earnings of $27.0 million ($0.21 per share). The company reported GAAP net book value of $8.39 per share and undepreciated book value of $9.11 per share. The quarter was marked by a new CRE CLO execution, share repurchases, reinstated loan originations, and watchlist reductions. The Board declared a quarterly cash dividend of $0.16 per share, paid on October 15, 2024.
BrightSpire Capital, Inc. (NYSE: BRSP) has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its financial results on Tuesday, October 29, 2024, after market close. A conference call to discuss the results will be held on Wednesday, October 30, 2024, at 10:00 a.m. ET / 7:00 a.m. PT.
To participate in the call, dial (877) 300-8521 for domestic callers or (412) 317-6026 for international callers. The call will also be webcast live on the company's website. A replay will be available from October 30, 2024, at 12:00 p.m. ET through November 6, 2024, at 11:59 p.m. ET.
BrightSpire Capital is one of the largest publicly traded commercial real estate (CRE) credit REITs, focusing on CRE debt investments and net leased properties in the United States.
BrightSpire Capital (NYSE: BRSP) has announced the pricing of a $675 million Commercial Real Estate Collateralized Loan Obligation (CLO) named BRSP 2024-FL2. The transaction, set to close on August 15, 2024, is backed by 22 first-lien floating-rate mortgages secured by 25 properties across 9 states. The CLO features an 86.50% initial advance rate and a weighted average coupon of Term SOFR+2.47% at issuance.
The asset collateral primarily consists of multifamily properties (74.3%), with mixed-use, hospitality, office, and industrial properties making up the remainder. The structure includes a two-year reinvestment period and $85 million in available proceeds for a six-month ramp-up period. Moody's and Fitch have assigned top ratings to the senior certificates.
Additionally, BrightSpire Capital announced the redemption of its CLNC 2019-FL1 securitization on August 19, 2024.
BrightSpire Capital (NYSE: BRSP) reported its Q2 2024 financial results, revealing a GAAP net loss of ($67.9) million, or ($0.53) per share. The company's Distributable Earnings were $17.0 million ($0.13 per share), while Adjusted Distributable Earnings reached $28.8 million ($0.22 per share). BrightSpire's GAAP net book value stood at $8.41 per share, with an undepreciated book value of $9.08 per share as of June 30, 2024.
The Board declared a dividend of $0.16 per share for Q3 2024, payable on October 15, 2024. CEO Michael J. Mazzei noted that the reduction in book value was primarily due to legacy office equity investments. The company plans to reduce dividends during the reinvestment period as it transitions from legacy equity investments to new loan originations.
BrightSpire Capital (NYSE: BRSP) will release its second quarter 2024 financial results on July 30, 2024, after market close. A conference call to discuss these results will be held on July 31, 2024, at 10:00 a.m. ET. The call will be accessible via telephone and a live webcast on the Company's website. A replay of the call will be available until August 7, 2024. BrightSpire Capital is a leading commercial real estate (CRE) credit REIT focused on CRE debt investments and net leased properties, primarily in the U.S.
BrightSpire Capital (NYSE: BRSP) has announced a $0.20 per share dividend for its Class A common stock for Q2 2024.
The dividend will be paid on July 15, 2024, to shareholders recorded by June 28, 2024. BrightSpire Capital is an internally managed REIT focusing primarily on commercial real estate (CRE) debt investments and net leased properties in the U.S. The company is structured as a Maryland and operates under REIT taxation for federal income tax purposes.
BrightSpire Capital (NYSE: BRSP) will participate in Nareit's REITweek 2024 Investor Conference on June 4, 2024, at 1:30 pm ET. CEO Mike Mazzei and senior management will join a fireside chat moderated by Steve DeLaney from Citizens JMP, accessible via live audio webcast on the company's website. A replay will be available post-event. Additionally, the management team will host investor meetings on June 4-5, 2024, at New York Hilton Midtown. Investors can schedule meetings by contacting Investor Relations. BrightSpire Capital is a major publicly traded CRE credit REIT, primarily investing in first mortgage loans and net leased properties in the U.S.
BrightSpire Capital, Inc. (NYSE: BRSP) reported first quarter 2024 GAAP net loss of ($57.1) million, Distributable Earnings of $22.5 million, and Adjusted Distributable Earnings of $29.7 million. GAAP net book value was $9.10 per share with a dividend of $0.20 per share. The Company also announced a stock repurchase program up to $50 million.
FAQ
What is the current stock price of BrightSpire Capital (BRSP)?
What is the market cap of BrightSpire Capital (BRSP)?
What is BrightSpire Capital, Inc.?
What services does BrightSpire Capital offer?
When did BrightSpire Capital rebrand from Colony Credit Real Estate, Inc.?
What are the core business segments of BrightSpire Capital?
Where does BrightSpire Capital generate its revenue?
What is the focus of BrightSpire Capital's investments?
Who makes up the team at BrightSpire Capital?
What types of loans does BrightSpire Capital manage?
How can I stay updated on the latest news from BrightSpire Capital?
What are the recent achievements of BrightSpire Capital?
