BrightSpire Capital, Inc. (BRSP) Stock

BrightSpire Capital, Inc. (BRSP) is a Real Estate stock trading at $4.90 (as of 2026-08-21), with a market capitalization of $619.97M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

BrightSpire Capital, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties. The company qualifies as a real estate investment trust for federal income tax purposes. The company was formerly known as Colony Credit Real Estate, Inc. and changed its name to BrightSpire Capital, Inc. in June 2021. BrightSpire Capital, Inc. was incorporated in 2017 and is headquartered in New York, New York.

Understand BrightSpire Capital, Inc.: how it makes money

BrightSpire Capital invests in and manages commercial real estate credit, including senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties, and it earns returns from that CRE credit portfolio as it originates, acquires, finances, and administers those assets.

The profit model is driven by a cycle of deploying capital into new CRE credit loans and related assets, monitoring ongoing risk through the loan portfolio and watch list, and realizing cash flows as loans are repaid or pay down.

Business quality (Weak): Clear operating focus on managing CRE credit assets, but the operating picture depends on loan activity (commitments deployed and closed) and credit monitoring (watch list exposure), which can raise volatility around credit performance.

Bull case

  • Core focus on CRE credit assets: The company originates, acquires, finances, and manages a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.
  • Operational visibility into deployment and repayments: Quarterly metrics include commitments deployed and loan repayments received, which reflect the ongoing originations and cash flow from the loan portfolio.

Bear case

  • Credit risk highlighted by watch list metrics: The presence of watch list loan balances and watch list exposure metrics indicates that certain loans receive heightened monitoring, which can translate into adverse outcomes if credit performance weakens.
  • Earnings sensitivity to loan turnover: Because activity is tracked through new loan commitments and loans closed alongside repayments received, the business performance can be affected by changes in deal flow and repayment timing.
Valuation — source: SEC EDGAR (first-party)
Price$4.90
Market Cap$619.97M
EV / EBITDA177.0
Price / Book0.73
Price / Sales1.84
DCF Value (model)$7.22
DCF Upside vs Price47.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$330.59M
Net Margin-9.4%
Revenue Growth (YoY)-7.9%
EPS Growth (YoY)-75.2%
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($67.35M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryTrading
CEOMichael Joseph Mazzei
Employees48
CountryUS
IPO Date2018-02-01

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BRSP earnings history · BRSP institutional & insider holders · BRSP KPIs & operating metrics · BRSP financials · BRSP investor presentations & press releases · BRSP SEC filings · BRSP peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.