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MARKETS / NYSE / BRSP
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

BrightSpire Capital, Inc. BRSP

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$330.6M
▼ 7.9% YoY
$-31.1M
In brief

What this company does

BrightSpire Capital, Inc. is an internally-managed commercial real estate (CRE) credit real estate investment trust (REIT) that originates, acquires, finances and manages a portfolio consisting primarily of CRE debt investments and net leased properties. Its principal executive offices are located at 590 Madison Avenue, 33rd Floor, New York, NY 10022. On December 31, 2025, the company had 46 full-time employees and one part-time employee, with the 47 employees located across New York, New York, Los Angeles, California, Florida, Texas and Georgia. Its operating and reportable segments are senior and mezzanine loans and preferred equity; net leased and other real estate; and corporate and other. CRE debt investments consist primarily of senior mortgage loans, its primary investment strategy, together with selective originations of mezzanine loans and preferred equity investments. Net leased properties consist of commercial real estate with long-term leases to tenants on a net-lease basis, under which tenants are generally responsible for property operating expenses such as insurance, utilities, maintenance capital expenditures and real estate taxes. The Company was formed as a Maryland corporation on August 23, 2017.

Written from the business description in BrightSpire Capital, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth
USD 330.6M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 330.6 · Net income -31.1
200M400M-200M-400M2016201720182019202020212022202320242025
Compound annual growth
−3.2%
+2.6%
−6.8%
+16.4%
−7.2%
+12.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−12 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Net -11.7%
20%40%60%-50%-100%2016201720182019202020212022202320242025
ROE
FY2025 · ROE -3.1%
5%-5%-10%-15%2016201720182019202020212022202320242025

Each USD of equity lost 3 cents this year.

Cash & shareholders
USD 93.9M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends 83.0 · Net buybacks 10.9
80M160MDividendsNet buybacks2016201720182019202020212022202320242025

USD 83.0M in dividends and USD 10.9M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 3.6B
EquityUSD 938.4M
CashUSD 66.8M
Gross debtUSD 2.5B
Net debtUSD 2.4B

Net debt stands at 256% of equity.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B0.30.40.40.40.20.30.60.50.20.2
Operating income $B··········
EBITDA $B··········
Income tax $B−0.00.00.00.00.0−0.00.00.00.00.0
Net income $B−0.0−0.1−0.00.0−0.1−0.4−0.4−0.20.10.1
Free cash flow $B·····0.1····
EPS, diluted $−0.26−1.05−0.120.34−0.79−2.75−3.25−1.411.861.60
Dividend / sh $0.640.720.800.790.580.301.651.60··
Payout %−266−75−669217−51−15−53−11000
ROE %−3.1−11.4−1.23.2−6.5−18.7−17.2−8.98.2·
Shares out B·0.130.130.130.130.13····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 29 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 37 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2016

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