company: brightspire capital, inc. (nyse: brsp) is an internally-managed commercial real estate credit reit focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the united states. history: brightspire capital, inc. reflects the name change and rebranding from the comprehensive april 30, 2021 internalization of dedicated management and operational functions of colony credit real estate, inc. (formerly, clnc). team: our team is composed of seasoned real estate finance professionals with a demonstrated track record of providing customers with flexible solutions across the capital stack. we prioritize stability, clarity and collaboration in process and deal execution.
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 • BrightSpire Credit 1, LLC • BrightSpire Credit 6 Pledgor, LLC ...
IRS number
384046290
BRSP stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
27 Mar 24
DEFA14A
Additional proxy soliciting materials
27 Mar 24
DEF 14A
Definitive proxy
27 Mar 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Results of Operations and Financial Condition
21 Feb 24
10-Q
2023 Q3
Quarterly report
31 Oct 23
8-K
Results of Operations and Financial Condition
30 Oct 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
Results of Operations and Financial Condition
2 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
16 May 23
Transcripts
BRSP
Earnings call transcript
2023 Q4
21 Feb 24
BRSP
Earnings call transcript
2023 Q3
31 Oct 23
BRSP
Earnings call transcript
2023 Q2
2 Aug 23
BRSP
Earnings call transcript
2023 Q1
3 May 23
BRSP
Earnings call transcript
2022 Q4
21 Feb 23
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
Latest ownership filings
4
David A Palame
29 Mar 24
4
David A Palame
18 Mar 24
4
Frank V Saracino
18 Mar 24
4
Andrew Elmore Witt
18 Mar 24
4
Michael Mazzei
18 Mar 24
SC 13G/A
Nut Tree Capital Management, LP
14 Feb 24
SC 13G
BlackRock Inc.
25 Jan 24
SC 13G/A
VANGUARD GROUP INC
10 Jan 24
4
Catherine F. Long
18 May 23
4
Kim S Diamond
18 May 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
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) | 333.63 mm | 333.63 mm | 333.63 mm | 333.63 mm | 333.63 mm | |
Cash burn (monthly) | (no burn) | 4.81 mm | (no burn) | (no burn) | (no burn) | |
Cash used (since last report) | n/a | 33.10 mm | n/a | n/a | n/a | |
Cash remaining | n/a | 300.53 mm | n/a | n/a | n/a | |
Runway (months of cash) | n/a | 62.5 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
56.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 173 |
Opened positions | 22 |
Closed positions | 25 |
Increased positions | 62 |
Reduced positions | 49 |
13F shares | Current |
---|---|
Total value | 460.15 bn |
Total shares | 74.16 mm |
Total puts | 44.40 k |
Total calls | 123.70 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 12.48 mm | $78.13 bn |
Nut Tree Capital Management | 10.99 mm | $68.82 bn |
BLK Blackrock | 10.68 mm | $66.89 bn |
Private Management | 4.39 mm | $27.46 bn |
Conversant Capital | 3.44 mm | $21.56 bn |
Geode Capital Management | 2.74 mm | $17.17 bn |
STT State Street | 2.69 mm | $17.37 bn |
Balyasny Asset Management | 2.14 mm | $13.40 bn |
GS Goldman Sachs | 1.64 mm | $10.27 bn |
MS Morgan Stanley | 1.53 mm | $9.56 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Mar 24 | David A Palame | Class A Common Stock | Sell | Dispose S | No | No | 6.76 | 50,000 | 338.00 k | 347,832 |
15 Mar 24 | David A Palame | Class A Common Stock | Payment of exercise | Dispose F | No | No | 6.71 | 49,697 | 333.47 k | 397,832 |
15 Mar 24 | David A Palame | Class A Common Stock | Grant | Acquire A | No | No | 0 | 72,601 | 0.00 | 447,529 |
15 Mar 24 | Saracino Frank V | Class A Common Stock | Payment of exercise | Dispose F | No | No | 6.71 | 48,057 | 322.46 k | 318,551 |
15 Mar 24 | Saracino Frank V | Class A Common Stock | Grant | Acquire A | No | No | 0 | 70,790 | 0.00 | 366,608 |
15 Mar 24 | Andrew Elmore Witt | Class A Common Stock | Payment of exercise | Dispose F | No | No | 6.71 | 85,397 | 573.01 k | 485,281 |
15 Mar 24 | Andrew Elmore Witt | Class A Common Stock | Grant | Acquire A | No | No | 0 | 111,774 | 0.00 | 570,678 |
15 Mar 24 | Mazzei Michael | Class A Common Stock | Payment of exercise | Dispose F | No | No | 6.71 | 171,881 | 1.15 mm | 1,178,061 |
15 Mar 24 | Mazzei Michael | Class A Common Stock | Grant | Acquire A | No | No | 0 | 223,547 | 0.00 | 1,349,942 |
News
GameStop Posts Downbeat Results, Joins Direct Digital, Forge Global And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
27 Mar 24
Downgrades Flood In For Commercial Real Estate Stocks: Analysts Warn Of 'Rocky Road Ahead'
4 Mar 24
B of A Securities Downgrades BrightSpire Capital to Underperform, Announces $6.5 Price Target
4 Mar 24
BrightSpire Capital Q4 2023 Adj EPS $0.28 Beats $0.24 Estimate, Sales $30.21M Beat $29.56M Estimate
21 Feb 24
BrightSpire Capital Q4 EPS $0.28 Beats $0.24 Estimate
21 Feb 24
Press releases
BrightSpire Capital, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Date
3 Apr 24
BrightSpire Capital Announces $0.20 Per Share Dividend for First Quarter 2024
15 Mar 24
BrightSpire Capital, Inc. Announces 2024 Annual Meeting of Stockholders
11 Mar 24
BrightSpire Capital, Inc. Announces Fourth Quarter & Full Year 2023 Financial Results
21 Feb 24
BrightSpire Capital Announces Tax Treatment of 2023 Dividends
31 Jan 24