BrightSpire Capital

BrightSpire Capital, Inc. operates as a real estate investment trust. It originates, acquires, finances, and manages diversified portfolio consisting primarily of commercial real estate (CRE) senior mortgage loans, mezzanine loans, preferred equity, debt securities and net leased properties predominantly in the United States. It operates through the following segments: Core Portfolio, and Legacy, Non-Strategic Portfolio. The Core Portfolio segment consists of Senior and Mezzanine Loans and Preferred Equity, CRE Debt Securities, Net Leased Real Estate, and Corporate segments. The Legacy, Non-Strategic Portfolio segment consists of direct investments in operating real estate such as multi-tenant office. The company was founded on August 23, 2017 and is headquartered in New York, NY.

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BrightSpire Capital reports solid Q4 earnings amidst market challenges

BrightSpire Capital's Q4 2022 performance reflects solid earnings and a strategic focus on managing its loan portfolio and liquidity.
While facing challenges in the office property sector, the company is well-prepared to leverage opportunities in the market through prudent lending strategies.
Proactive communication with investors and a clear focus on defending the balance sheet position BrightSpire for continued success in a dynamic market environment.
Anticipated market shifts and a disciplined approach to risk management position BrightSpire to navigate uncertainties and capitalize on emerging opportunities.

BrightSpire Capital reports Q1 earnings, focuses on balance sheet defense

BrightSpire Capital's Q1 performance focused on defending the balance sheet, managing risk ratings, and asset valuation adjustments.
Challenges include market impacts on asset values, limited lending opportunities, and potential erosion of dividend coverage over time.
Opportunities lie in potential capital deployment, stock buybacks, asset conversions, and shareholder engagement readiness.
The company's strengths include transparency in risk management, asset value preservation, and appreciation for shareholder support.

BrightSpire Capital reports solid Q2 performance amidst market challenges

BrightSpire Capital's Q2 2023 performance showed resilience in its multifamily portfolio and rent growth, despite challenges in apartment rental management and increased bad debt. The company is strategically managing expenses, considering higher yield originations, and evaluating opportunities in various loan segments. With a focus on liquidity and market re-entry, BrightSpire Capital aims to capitalize on potential market movements and optimize its portfolio for growth.

BrightSpire Capital reports solid Q3 earnings amid market challenges

BrightSpire Capital delivered a strong financial performance in Q3 2023, maintaining profitability and cash flow generation amidst market challenges and economic uncertainties.
The company's focus on liquidity management, dividend coverage, and strategic asset optimization underscores its commitment to shareholder value and financial stability.
While facing interest rate volatility and credit risks, BrightSpire's proactive approach to portfolio management and value enhancement positions it well to capitalize on opportunities and navigate evolving market conditions.

BrightSpire Capital reports strong Q4 performance amidst market challenges

BrightSpire Capital's Q4 2023 earnings call highlighted solid financial performance, prudent financial management, and strategic positioning in the commercial real estate debt markets.
The company faces challenges in navigating market dynamics and managing portfolio exposure but has opportunities for growth through capital deployment and portfolio expansion.
Overall, BrightSpire Capital's focus on maintaining liquidity, adjusting assets, and exploring new opportunities positions it well for future success and market leadership.

BrightSpire Capital reports Q1 loss, focuses on liquidity and risk management

BrightSpire Capital faced challenges in Q1 2024 due to market shifts and potential headwinds on earnings. Despite this, the company maintained strong liquidity and a sizable loan portfolio. Management's focus on resolving watch list assets indicates a proactive approach to managing risks.

BrightSpire Capital reports Q2 loss, focuses on loan originations

BrightSpire Capital navigated challenges in Q2 2024 with a focus on preserving shareholder equity through reduced dividends and initiating loan originations.
Despite impairments on legacy investments and increased CECL reserves, the company maintains confidence in portfolio stability and growth potential.
Management's strategic actions and confidence in the company's future outlook suggest a resilient approach to addressing financial headwinds and pursuing growth opportunities.

BrightSpire Capital reports solid Q3 earnings, eyes growth in 2025

BrightSpire Capital delivered strong financial performance in Q3 2024, supported by robust distributable earnings and liquidity.
Effective portfolio management, capital deployment, and differentiation strategies are key strengths for BrightSpire.
While challenges like risk management and competitive pressures exist, opportunities for growth and profitability are within reach.
Overall, BrightSpire's proactive approach and market positioning bode well for future success and earnings growth in 2025.

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BrightSpire Capital, Inc. is a real estate investment trust. It originates, acquires, finances, and manages portfolio consisting of commercial real estate (CRE) debt investments and net leased properties in the United States. It operates through the following segments: Senior Mezzanine Loans and Preferred Equity, Net Leased and other Real Estate, CRE Debt Securities, and Corporate. The Senior and Mezzanine Loans and Preferred Equity segment covers CRE debt investments including senior loans, mezzanine loans, and preferred equity interests as well as participations in such loans. The Net Leased and Other Real Estate segment includes investments in commercial real estate with long-term leases to tenants on a net lease basis. The CRE Debt Securities segment consists of securities investments previously consisting of BBB and some BB rated CMBS. the Corporate segment deals with corporate-level asset management and other fees. The company was founded on August 23, 2017 and is headquartered in New York, NY.

BrightSpire Capital, Inc. (BRSP) CEO Mike Mazzei on Q3 2021 Results - Earnings Call Transcript

Colony Credit (BRSP) delivered earnings and revenue surprises of 23.81% and 23.09%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

BrightSpire (BRSP) Tops Q3 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the third quarter ended September 30, 2021 and certain updates. The Company reported third quarter 2021 GAAP net loss attributable to common stockholders of $(70.1) million, or $(0.54) per share, and Distributable Loss of $(68.4) million, or $(0.51) per share. Excluding realized losses and fair value adjustments, Adjusted Distributable Earnings of

BrightSpire Capital, Inc. Announces Third Quarter 2021 Financial Results

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced the appointment of Kim S. Diamond, former founding executive of Kroll Bond Rating Agency and managing director at Standard & Poor's, as an independent director to the Company's Board of Directors. Following the appointment of Ms. Diamond effective October 13, 2021, the increased Board will now comprise 6 directors, 5 of whom are independent. “We are pleased to welcome K

BrightSpire Capital Announces Appointment of Kim S. Diamond to Board of Directors

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NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release third quarter 2021 financial results before the market opens on Wednesday, November 3, 2021. The Company will conduct a conference call to discuss the results the same day at 7:00 a.m. PT / 10:00 a.m. ET. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). International ca

BrightSpire Capital, Inc. Announces Third Quarter 2021 Earnings Results and Conference Call Date

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NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (the “Company”) today announced that the Company's senior management team is scheduled to conduct virtual meetings with investors at the Bank of America Merrill Lynch 2021 Global Real Estate Virtual Conference on September 21-22, 2021. For more information on scheduling a meeting with the Company, please contact investor relations or your Bank of America Merrill Lynch representative. About BrightSpire Capital, Inc. BrightSpire Ca

BrightSpire Capital to Participate in the Bank of America Merrill Lynch 2021 Global Real Estate Virtual Conference

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NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced today the pricing of a secondary offering of 8,250,000 shares of its Class A common stock by a selling stockholder affiliated with DigitalBridge Group, Inc. (“DigitalBridge”) at a public offering price of $9.00 per share. The offering is expected to close on August 13, 2021, subject to customary closing conditions. Additionally, DigitalBridge has granted the underwriters a 30-day

BrightSpire Capital, Inc. Prices Secondary Offering

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced today that a selling stockholder affiliated with DigitalBridge Group, Inc. (“DigitalBridge”) has commenced a secondary offering of 8,250,000 shares of BrightSpire Capital's Class A common stock. The selling stockholder intends to grant the underwriters a 30-day option to purchase up to 1,237,500 additional shares of the Company's Class A common stock. BrightSpire Capital is not o

BrightSpire Capital, Inc. Announces Secondary Offering of 8,250,000 Shares of Class A Common Stock

BrightSpire Capital, Inc. (BRSP) CEO Mike Mazzei on Q2 2021 Results - Earnings Call Transcript

Colony Credit (BRSP) delivered earnings and revenue surprises of 25.00% and 0.99%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

BrightSpire (BRSP) Q2 Earnings and Revenues Beat Estimates

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the second quarter ended June 30, 2021 and certain updates. The Company reported second quarter 2021 GAAP net loss attributable to common stockholders of $(19.7) million, or $(0.15) per share, and Distributable Loss of $(27.1) million, or $(0.20) per share. Excluding realized losses on sales and fair value adjustments, Adjusted Distributable Earnin

BrightSpire Capital, Inc. Announces Second Quarter 2021 Financial Results

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company closed BRSP 2021-FL1, an $800 million managed Commercial Real Estate Collateralized Loan Obligation (the “CRE CLO”). The CRE CLO is collateralized by interests in 31 floating-rate mortgages secured by 41 properties, with an 83.75% initial advance rate at a weighted average coupon at issuance of L+149%, before transaction costs. The asset collateral is locat

BrightSpire Capital Announces Closing of $800 Million Commercial Real Estate CLO

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NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”), formerly known as Colony Credit Real Estate, Inc. (NYSE: CLNC), one of the largest publicly traded commercial real estate (CRE) credit REITs, today announced it has reached an agreement to sell a majority of its historical development and/or non-accrual assets to managed vehicles of Fortress Investment Group LLC (“Fortress”), a leading, diversified global investment manager, for gross pro

BrightSpire Capital, Inc. (Formerly Colony Credit Real Estate) Announces Sale of Portfolio of Development and Non-Accrual Investments for $223 Million

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NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release second quarter 2021 financial results before the market opens on Wednesday, August 4, 2021. The Company will conduct a conference call to discuss the results the same day at 7:00 a.m. PT / 10:00 a.m. ET. To participate in the event by telephone, please dial (877) 407-0784 ten minutes prior to the start time (to allow time for registration). International cal

BrightSpire Capital, Inc. Announces Second Quarter 2021 Earnings Results and Conference Call Date

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (“BrightSpire Capital” or the “Company”) announced today its successful name change from Colony Credit Real Estate, Inc. The Company has also changed its principal place of business and corporate headquarters from Los Angeles to New York City, now to be located at 590 Madison Avenue, 33rd Floor, New York, NY 10022. The Company will continue to be publicly traded on the New York Stock Exchange, with trading to begin under its new ticker symbol

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