BRSP
Real EstateBrightSpire Capital, Inc. · REIT - Diversified · $740M
What is BrightSpire Capital, Inc.?
BrightSpire Capital is a commercial real estate credit REIT headquartered in New York City. The company focuses on lending and investing across the CRE debt spectrum rather than owning traditional property assets outright.
BrightSpire generates income by originating and managing a portfolio of CRE debt instruments — primarily senior mortgage loans, mezzanine loans, and preferred equity positions secured by commercial properties across the United States. It also holds net leased properties and debt securities. As a REIT, the company is required to distribute the majority of its taxable income to shareholders, which shapes its capital allocation priorities and dividend policy.
Incorporated in 2017 and formerly known as Colony Credit Real Estate, BrightSpire adopted its current name in June 2021.
- Senior mortgage loans on commercial properties
- Mezzanine loans and preferred equity investments
- Net leased commercial property holdings
- Commercial real estate debt securities
Is BRSP a Good Stock to Buy?
UQS Score rates BRSP as Poor overall, placing it among the lower-ranked names in the real estate sector.
The one area where BRSP stands out relative to its overall profile is Valuation, which is rated Good — suggesting the market may already be pricing in many of the company's challenges, leaving less downside from a pure valuation standpoint.
Quality, Moat, Growth, and Risk are all rated Weak, reflecting meaningful headwinds across profitability, competitive positioning, earnings trajectory, and balance sheet durability.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does BRSP pay dividends?
Yes — BrightSpire Capital, Inc. pays a dividend.
BrightSpire pays a regular dividend, consistent with its REIT structure that mandates distributing most taxable income to shareholders. Income-focused investors often screen CRE mortgage REITs for yield, but the sustainability of that dividend depends on credit quality across the loan portfolio and broader commercial real estate market conditions — factors worth examining carefully given the company's Risk pillar rating.
When does BRSP report earnings?
BrightSpire Capital reports earnings on a quarterly cadence, typical for US-listed REITs.
Given the Weak ratings across Quality and Growth pillars, recent reporting periods have reflected pressure on portfolio performance and income generation. Investors should monitor loan repayment trends, credit loss provisions, and net interest income direction across quarters.
For the most recent quarter's results and management commentary, visit BrightSpire Capital's investor relations page directly.
BRSP Price History
+7.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in BrightSpire Capital, Inc.?
Based on BrightSpire Capital, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
BRSP Long-term Outlook
The combination of Weak Growth and Weak Risk pillar ratings points to a challenging near-term fundamental outlook for BRSP. Commercial real estate credit markets remain under pressure from elevated interest rates and shifting property valuations, both of which affect a mortgage REIT's ability to grow its loan book and maintain credit quality. The Good Valuation rating suggests limited premium is being paid for the stock, but that alone does not offset the underlying fundamental concerns.
Growth drivers
- Potential recovery in CRE transaction volumes as rate environment stabilizes
- Selective loan origination in higher-quality property segments
- Net lease portfolio providing more predictable income streams
Key risks
- Credit losses on existing CRE loan portfolio in a stressed property market
- Refinancing and liquidity risk given leverage typical of mortgage REITs
- Dividend sustainability if portfolio income deteriorates further
BRSP vs Peers
BrightSpire operates in a niche corner of the real estate sector alongside other smaller CRE-focused REITs with distinct strategies.
Peakstone focuses on single-tenant net lease office and industrial properties, giving it a more direct property-ownership model compared to BRSP's credit-oriented approach.
CTO Realty Growth concentrates on income-producing retail and mixed-use properties, operating as a more traditional equity REIT rather than a CRE debt platform.
Empire State Realty Trust is best known for its iconic Manhattan office and retail portfolio, including the Empire State Building, making it a brand-driven equity REIT with a very different risk profile.
Frequently Asked Questions
What does BrightSpire Capital do?
BrightSpire Capital is a commercial real estate credit REIT that originates and manages CRE debt instruments — including senior mortgage loans, mezzanine loans, and preferred equity — secured by commercial properties across the United States. It also holds net leased properties and qualifies as a REIT for federal tax purposes.
Does BRSP pay dividends?
Yes, BrightSpire Capital pays a regular dividend. As a REIT, it is required to distribute the majority of its taxable income to shareholders. However, investors should evaluate dividend sustainability in the context of the company's Weak Risk pillar rating and the pressures facing commercial real estate credit markets.
When does BRSP report earnings?
BrightSpire Capital reports on a quarterly cadence, standard for US-listed REITs. For exact dates and the most recent results, check the investor relations section of BrightSpire's official website, as our data source does not cover specific upcoming earnings dates.
Is BRSP a good stock to buy?
UQS Score rates BRSP as Poor overall, with Weak ratings across Quality, Moat, Growth, and Risk pillars. The Valuation pillar is rated Good, which may reflect that challenges are already priced in. Investors should weigh that context carefully. The full pillar breakdown is available to UQS Pro members.
Is BRSP overvalued?
Based on the UQS Valuation pillar, BRSP is rated Good — meaning the stock does not appear to carry an elevated valuation premium relative to its fundamentals. For a CRE mortgage REIT with significant fundamental headwinds, this can indicate the market has already discounted many of the risks.
How does BRSP compare to its competitors?
BRSP operates as a CRE debt-focused REIT, which distinguishes it from peers like Empire State Realty Trust and CTO Realty Growth that own physical properties directly. Peakstone Realty Trust offers a net lease model. Each carries different risk and income profiles. UQS Pro members can view side-by-side pillar comparisons.
What is BRSP's market cap bracket?
BrightSpire Capital is classified as a small-cap company. This places it in a segment of the market that can carry higher liquidity risk and greater sensitivity to sector-specific stress events compared to larger, more diversified real estate companies.
Who founded BrightSpire Capital?
BrightSpire Capital was incorporated in 2017 and operated under the name Colony Credit Real Estate before rebranding in June 2021. Detailed founding and leadership history is publicly available through the company's SEC filings and investor relations materials.
Is BRSP a long-term quality investment?
As a long-term quality indicator, BRSP's Poor UQS Score — driven by Weak ratings across four of five pillars — suggests meaningful concerns about its durability and competitive positioning over time. The Good Valuation rating provides some context, but quality and moat strength are typically more important for long-term compounding.
What is the main competitive advantage of BrightSpire Capital?
BrightSpire's Moat pillar is rated Weak, indicating limited durable competitive advantages relative to peers. CRE mortgage REITs generally compete on cost of capital and origination relationships rather than proprietary technology or brand. This makes differentiation difficult in a stressed credit environment.
What sector does BRSP belong to?
BRSP belongs to the Real Estate sector, specifically within the commercial real estate credit and mortgage REIT segment. Investors interested in this sector can explore [sector-level quality rankings](/sector/real-estate) on UQS Score to compare BRSP against other real estate companies.
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Pro Analysis
BRSP — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 20, 2026 | 35.9 | 33.8 | 8.0 | 40.0 | 36.4 | 79.7 | +0.1 |
| May 19, 2026 | 35.8 | 33.8 | 8.0 | 40.0 | 36.4 | 79.6 | -0.1 |
| May 16, 2026 | 35.9 | 33.8 | 8.0 | 40.0 | 36.4 | 79.7 | +0.1 |
| May 15, 2026 | 35.8 | 33.8 | 8.0 | 40.0 | 36.4 | 79.6 | -0.6 |
| May 12, 2026 | 36.4 | 33.8 | 8.0 | 42.9 | 36.4 | 79.6 | 0.0 |
| May 11, 2026 | 36.4 | 33.8 | 8.0 | 42.9 | 36.4 | 79.4 | +0.9 |
| May 8, 2026 | 35.5 | 33.8 | 8.0 | 42.9 | 36.4 | 73.3 | -0.9 |
| May 7, 2026 | 36.4 | 33.8 | 8.0 | 42.9 | 36.4 | 79.4 | 0.0 |
| May 3, 2026 | 36.4 | 33.8 | 8.0 | 42.9 | 36.4 | 79.6 | +0.7 |
| May 1, 2026 | 35.7 | 33.2 | 8.0 | 42.9 | 33.2 | 79.4 | +5.5 |
BRSP — Pillar Breakdown
Quality
— 33.8/100 (25%)BrightSpire Capital, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 40.0/100 (20%)BrightSpire Capital, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 36.4/100 (15%)BrightSpire Capital, Inc. has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 79.7/100 (15%)BrightSpire Capital, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 8/100 (25%)BrightSpire Capital, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for BRSP.
Score Composition
Financial Data
More Stock Analysis
How is the BRSP UQS Score Calculated?
The UQS (Unified Quality Score) for BrightSpire Capital, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses BrightSpire Capital, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether BrightSpire Capital, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.