BrightSpire Capital (BRSP)
Primarily senior commercial-real-estate debt, with selective mezzanine, preferred-equity, and net-lease exposure.
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Operates by originating, selectively acquiring, financing, and managing commercial-real-estate credit investments, chiefly senior mortgages. The internally managed REIT also has selective mezzanine, preferred-equity, and net-leased-real-estate exposure from a platform assembled from predecessor portfolios.
Built from a combination of predecessor real-estate portfolios, the platform originates, selectively acquires, finances, and manages commercial-real-estate debt. Senior mortgages are its primary strategy, alongside selective mezzanine loans, preferred equity, and net-leased properties.
The lending platform is internally managed with dedicated management and operating functions following a transition from its external manager. Key offices are in New York and Los Angeles. It operates with REIT tax treatment.
Recent portfolio work has centered on resolving legacy REO and watchlist-loan positions and redeploying proceeds as new originations resumed. The operating subsidiary holds substantially all of its assets and liabilities.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 29, 2026 | Industrial Alliance Securities | Target | Target: $6.50 | Target: $6 |
| Apr 22, 2026 | BTIG | Upgrade | ||
| Feb 19, 2026 | Barclays | Reiterate | Rating: —Target: — | Target: $6 |
| Jul 8, 2025 | Barclays | Downgrade | ||
| Nov 13, 2024 | Jones Trading | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $169.7M · Total debt $2.76B · Total assets $3.75B · Shareholders' equity $863.0M
- Revenue
- $83.5M
- Operating income
- $24.6M
- Net income
- −$18.3M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 63.18% | 79.93M shares | |
|---|---|---|---|
| 234 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.76% | 2.22M shares | |
| 8 holders · as of May 21, 2026 | |||
| Other | ≈ 35.06% | 44.37M shares | |
| remainder | |||
126.52M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.48% | 10.72M | as of Jun 30, 2026 |
CWRE SSF Securities Holding, LPInstitution | 5.16% | 6.53M | filed Apr 7, 2026 |
Vanguard Capital Management LLCInstitution | 4.35% | 5.50M | as of Jun 30, 2026 |
Private Management Group IncInstitution | 3.85% | 4.88M | as of Jun 30, 2026 |
Nomura Holdings IncInstitution | 3.03% | 3.84M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BrightSpire Capital | $4.25 | +1.56% | $528.9M | — | 7.0 | 1.6 | −2.8% |
| Blackstone Mortgage Trust | $13.24 | −0.26% | $2.24B | 165.9 | 10.9 | 1.5 | +18.1% |
| Starwood Property Trust | $15.19 | +1.23% | $5.56B | 22.0 | 9.1 | 2.7 | +7.9% |
| KKR Real Estate Finance Trust | $6.68 | −1.26% | $434.7M | — | — | 1.0 | −41.6% |
| Franklin BSP Realty Trust | $7.86 | +1.88% | $640.3M | 17.5 | 7.5 | 1.1 | −45.4% |
| Ares Commercial Real Estate | $4.45 | +1.48% | $243.0M | — | 20.4 | 2.5 | — |
| Ladder Capital | $9.46 | +0.12% | $1.20B | 22.5 | 8.7 | 3.2 | −40.9% |
| TPG RE Finance Trust | $7.24 | +0.35% | $553.5M | 13.3 | 6.8 | 2.1 | −58.7% |
| Median | 22.0 | 8.9 | 2.1 | −41.3% |