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BrightSpire Capital, Inc. - BRSP STOCK NEWS

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.

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BrightSpire Capital (NYSE: BRSP) reported its financial results for Q4 and full year 2022. The company achieved a GAAP net income of $4.2 million for Q4, or $0.03 per share, and a full-year GAAP net income of $45.8 million, or $0.34 per share. Distributable Earnings for Q4 totaled $34.2 million ($0.27 per share) and $69.7 million ($0.53 per share) for the full year. The company declared a quarterly cash dividend of $0.20 per share for Q4, paid on January 17, 2023. As of December 31, 2022, the GAAP net book value was $10.77 per share.

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BrightSpire Capital (NYSE: BRSP) has announced the tax treatment of its 2022 common stock dividends, revealing various amounts distributed for the tax year ending December 31, 2022. Notably, $0.770 per share in total distributions was recorded, with $0.636693 as taxable ordinary dividends. The company clarified that the dividend declared on December 14, 2022, will be treated as a 2023 distribution for tax purposes. Stockholders are advised to review their 2022 tax statements and consult tax professionals for individual implications. The company focuses on commercial real estate credit and is organized as a Maryland corporation, taxed as a REIT.

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BrightSpire Capital (NYSE: BRSP) will release its fourth quarter and full year 2022 financial results on February 21, 2023, before market opening. A conference call is scheduled for 10:00 a.m. ET on the same day to discuss these results. Participants can join via telephone or through the company's website. A replay will be available from 1:00 p.m. ET on February 21 until February 28, 2023. BrightSpire Capital focuses on commercial real estate debt investments, primarily originating and managing first mortgage loans.

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BrightSpire Capital (NYSE: BRSP) has declared a quarterly dividend of $0.20 per share for Class A common stock, covering the period ending December 31, 2022. The dividend is set to be paid on January 17, 2023 to stockholders of record as of December 31, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders and maintaining dividend payments amid the dynamic commercial real estate landscape.

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BrightSpire Capital (NYSE: BRSP) reported a GAAP net loss of $(20.5) million or $(0.16) per share for Q3 2022. The Distributable Loss stood at $(24.7) million or $(0.19) per share, while Adjusted Distributable Earnings were $32.3 million or $0.25 per share. The company's net book value was $10.87 per share. CEO Michael J. Mazzei noted a focus on maintaining high cash balances amidst rising rates, leading to a slowdown in loan originations. The dividend declared was $0.20 per share for Q3 2022.

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BrightSpire Capital (NYSE: BRSP) is set to release its third quarter 2022 financial results on November 2, 2022, before market opening. A conference call to discuss the results will follow at 10:00 a.m. ET. Participants can access the call by dialing in or through the company's website. A replay will be available from 1:00 p.m. ET the same day until November 9, 2022. BrightSpire Capital is a leading publicly traded commercial real estate credit REIT, specializing in CRE debt investments across the U.S.

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BrightSpire Capital (NYSE: BRSP) announced a quarterly dividend of $0.20 per share for Class A common stock, payable on October 14, 2022, to shareholders on record as of September 30, 2022. The company, formerly known as Colony Credit Real Estate (NYSE: CLNC), focuses on commercial real estate credit investments and is one of the largest publicly traded REITs in this sector. BrightSpire Capital's investment strategy primarily includes first mortgage loans and net leased properties in the U.S.

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BrightSpire Capital reported its second-quarter financial results for 2022, showing a GAAP net income of $34.3 million or $0.26 per share. The company achieved Distributable Earnings of $31.4 million, with Adjusted Distributable Earnings at $0.24 per share. The GAAP net book value stood at $11.26 per share. Additionally, a quarterly dividend of $0.20 per share was declared, up from $0.19 in the previous quarter. CEO Michael J. Mazzei emphasized a conservative approach to liquidity amid current market conditions.

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BrightSpire Capital (NYSE: BRSP) will release its second quarter 2022 financial results on August 3, 2022, before market open. A conference call is scheduled for the same day at 10:00 a.m. ET to discuss the results. Interested participants can join by dialing (877) 407-0784 or by accessing the live webcast on the company’s website. A replay of the call will be available from August 3 at 1:00 p.m. ET until August 10, 2022. BrightSpire Capital is a leading commercial real estate credit REIT focused on CRE debt investments predominantly in the United States.

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BrightSpire Capital (NYSE: BRSP) has declared a quarterly dividend of $0.20 per share for Class A common stock, payable on July 15, 2022. Stockholders of record by June 30, 2022 will receive this payout. The company, formerly known as Colony Credit Real Estate (NYSE: CLNC), focuses on originating and managing a diversified portfolio of commercial real estate debt investments in the U.S.

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FAQ

What is the current stock price of BrightSpire Capital (BRSP)?

The current stock price of BrightSpire Capital (BRSP) is $5.97 as of December 24, 2024.

What is the market cap of BrightSpire Capital (BRSP)?

The market cap of BrightSpire Capital (BRSP) is approximately 774.2M.

What is BrightSpire Capital, Inc.?

BrightSpire Capital, Inc. is an internally-managed commercial real estate credit REIT focused on originating, acquiring, financing, and managing commercial real estate debt and net lease investments in the United States.

What services does BrightSpire Capital offer?

BrightSpire Capital offers a range of services across the capital stack, including originating, acquiring, financing, and managing commercial real estate debt and net lease real estate investments.

When did BrightSpire Capital rebrand from Colony Credit Real Estate, Inc.?

BrightSpire Capital rebranded from Colony Credit Real Estate, Inc. on April 30, 2021, following an internalization of its management and operations.

What are the core business segments of BrightSpire Capital?

The core business segments include Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, and Corporate and Other.

Where does BrightSpire Capital generate its revenue?

BrightSpire Capital generates its revenue predominantly from operations within the United States.

What is the focus of BrightSpire Capital's investments?

The focus of BrightSpire Capital's investments is on generating consistent risk-adjusted returns through commercial real estate debt investments.

Who makes up the team at BrightSpire Capital?

The team consists of seasoned real estate finance professionals with a proven track record in providing flexible solutions and prioritizing stability, clarity, and collaboration.

What types of loans does BrightSpire Capital manage?

BrightSpire Capital manages first mortgage loans as part of its strategy to generate consistent risk-adjusted returns.

How can I stay updated on the latest news from BrightSpire Capital?

You can stay updated on the latest news by following updates directly from BrightSpire Capital, Inc. and other reliable news sources.

What are the recent achievements of BrightSpire Capital?

Recently, BrightSpire Capital has successfully originated and managed first mortgage loans and expanded its diversified portfolio within the commercial real estate sector.

BrightSpire Capital, Inc.

NYSE:BRSP

BRSP Rankings

BRSP Stock Data

774.22M
126.96M
2.1%
65.86%
1.32%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
NEW YORK