BrightSpire Capital, Inc., formerly Colony Credit Real Estate, Inc., is one of the largest publicly traded commercial real estate (CRE) credit REITs, focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. CRE debt investments primarily consist of first mortgage loans, which the Company expects to be the primary investment strategy. BrightSpire Capital is organized as a Maryland corporation and taxed as a REIT for U.S. federal income tax purposes.
Company profile
Ticker
BRSP
Exchange
Website
CEO
Michael J. Mazzei
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Colony Credit Real Estate, Inc., Colony NorthStar Credit Real Estate, Inc.
SEC CIK
Corporate docs
Subsidiaries
BrightSpire Capital Advisors, LLC • BrightSpire Capital Mortgage Corporation, LLC • BrightSpire Capital Mortgage Parent, LLC • BrightSpire Capital Mortgage Sub-REIT, LLC • BrightSpire Capital Operating Company, LLC • BrightSpire Capital RE Corporation, LLC • BrightSpire Capital RE Holdco, LLC • BrightSpire Capital US, LLC • BRSP 2021-FL1 DRE, LLC • BRSP 2021-FL1, Ltd. ...
IRS number
384046290
BRSP stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2022 Q3
Quarterly report
2 Nov 22
8-K
Results of Operations and Financial Condition
2 Nov 22
EFFECT
Notice of effectiveness
20 Oct 22
CORRESP
Correspondence with SEC
17 Oct 22
UPLOAD
Letter from SEC
11 Oct 22
S-3
Shelf registration
4 Oct 22
S-3ASR
Automatic shelf registration
4 Oct 22
10-Q
2022 Q2
Quarterly report
3 Aug 22
8-K
Results of Operations and Financial Condition
3 Aug 22
8-K
Entry into a Material Definitive Agreement
13 Jul 22
Transcripts
BRSP
Earnings call transcript
2022 Q3
2 Nov 22
BRSP
Earnings call transcript
2022 Q2
3 Aug 22
BRSP
Earnings call transcript
2022 Q1
3 May 22
BRSP
Earnings call transcript
2021 Q4
22 Feb 22
BRSP
Earnings call transcript
2021 Q3
3 Nov 21
BRSP
Earnings call transcript
2021 Q2
4 Aug 21
BRSP
Earnings call transcript
2021 Q1
6 May 21
BRSP
Earnings call transcript
2020 Q4
25 Feb 21
BRSP
Earnings call transcript
2020 Q3
6 Nov 20
BRSP
Earnings call transcript
2020 Q2
6 Aug 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 391.32 mm | 391.32 mm | 391.32 mm | 391.32 mm | 391.32 mm | |
| Cash burn (monthly) | 6.03 mm | (no burn) | (no burn) | (no burn) | (no burn) | |
| Cash used (since last report) | 23.57 mm | n/a | n/a | n/a | n/a | |
| Cash remaining | 367.75 mm | n/a | n/a | n/a | n/a | |
| Runway (months of cash) | 61.0 | n/a | n/a | n/a | n/a | |
Institutional ownership, Q3 2022
36.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 167 |
| Opened positions | 28 |
| Closed positions | 24 |
| Increased positions | 46 |
| Reduced positions | 63 |
| 13F shares | Current |
|---|---|
| Total value | 298.84 mm |
| Total shares | 47.24 mm |
| Total puts | 9.70 k |
| Total calls | 69.30 k |
| Total put/call ratio | 0.1 |
| Largest owners | Shares | Value |
|---|---|---|
| Nut Tree Capital Management | 9.41 mm | $59.41 mm |
| Vanguard | 8.82 mm | $55.65 mm |
| BLK Blackrock | 7.36 mm | $46.42 mm |
| Private Management | 1.92 mm | $12.09 mm |
| GS Goldman Sachs | 1.76 mm | $11.13 mm |
| Geode Capital Management | 1.71 mm | $10.81 mm |
| MS Morgan Stanley | 1.14 mm | $7.22 mm |
| Charles Schwab Investment Management | 1.00 mm | $6.32 mm |
| NTRS Northern Trust | 913.55 k | $5.77 mm |
| Nuveen Asset Management | 719.87 k | $4.54 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 Jun 22 | Andrew Elmore Witt | Class A Common Stock | Buy | Acquire P | No | No | 7.18 | 10,000 | 71.80 k | 368,211 |
| 16 Jun 22 | David A Palame | Class A Common Stock | Buy | Acquire P | No | No | 7.14 | 2,500 | 17.85 k | 314,079 |
| 16 Jun 22 | Rice Catherine | Class A Common Stock | Buy | Acquire P | No | No | 7.188 | 7,000 | 50.32 k | 65,138 |
| 6 May 22 | Mazzei Michael | Class A Common Stock | Buy | Acquire P | No | No | 8.04 | 50,000 | 402.00 k | 950,442 |
| 6 May 22 | Saracino Frank V | Class A Common Stock | Buy | Acquire P | No | No | 7.98 | 10,000 | 79.80 k | 233,710 |
News
A Look Into Real Estate Sector Value Stocks
16 Jan 23
Stocks That Hit 52-Week Lows On Friday
30 Dec 22
Benzinga's Top Ratings Upgrades, Downgrades For December 6, 2022
6 Dec 22
BTIG Downgrades BrightSpire Capital to Neutral
6 Dec 22
JonesTrading Initiates Coverage On BrightSpire Capital with Buy Rating, Announces Price Target of $11
6 Dec 22