This quarterly report represents an earnings surprise of 4.76%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.24 per share when it actually produced earnings of $0.23, delivering a surprise of -4.17%. Colony Credit, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $25.25 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.76%. This compares to year-ago revenues of $30.24 million. The company has top ...

Financial Results - BrightSpire Capital, Inc. announced its financial results for the second quarter ended June 30, 2024, on July 30, 2024[15]. - The company provided a Supplemental Financial Disclosure Presentation available on its website, detailing its financial position as of June 30, 2024[3]. - The press release regarding the financial results is attached as Exhibit 99.1 to the Current Report on Form 8-K[15]. - The financial statements and exhibits related to the report are included in Item 9.01 of the Current Report[5]. Company Information - The Class A common stock of BrightSpire Capital, Inc. is traded on the New York Stock Exchange under the symbol BRSP[6]. - The company is not classified as an emerging growth company under the Securities Act[7]. - The company’s principal executive offices are located at 590 Madison Avenue, 33rd Floor, New York, NY 10022[6]. - The registrant's telephone number is (212) 547-2631[14]. Information Distribution - The company uses its website as a distribution channel for important information, including press releases and financial data[4]. - The information in the report is not deemed "filed" for the purposes of the Securities Exchange Act of 1934[13].

Core Viewpoint - BRSP is considered a conservatively managed mortgage real estate investment trust (mREIT) in a challenging market, currently trading at a significant discount to its net asset value (NAV), presenting a potential investment opportunity [1][2][5]. Company Overview - BRSP is managed by an experienced team and is currently trading at a 40%+ discount to NAV, which is viewed as an attractive opportunity [1]. - The company has a conservative approach to managing its portfolio, with a debt-to-equity ratio of only 1.8x, allowing for flexible decision-making regarding defaulted properties [8]. Financial Performance - As of the end of 2022, BRSP's portfolio was valued at over $3.5 billion, with $148 million in credit losses written off as the company took possession of properties [8]. - The adjusted distributable earnings of BRSP declined in Q1, but the company still covered its dividend, although coverage is tighter [15]. - The book value of BRSP has decreased primarily due to CECL reserves, which are currently $1.10 per share [15]. Portfolio Composition - The total core portfolio of BRSP is valued at $4.54 billion, with a net carrying value of $1.76 billion, translating to $13.39 per share [3]. - The breakdown of the portfolio includes senior mortgage loans valued at approximately $2.28 billion, mezzanine loans at $268 million, and preferred equity & other loans at $287 million [3]. Market Sentiment - The market is currently punishing BRSP for its conservative management style, leading to a 55% discount to book value, despite the company's strong fundamentals [8]. - There is a perception that the risks associated with BRSP's portfolio are being overestimated by the market, particularly in comparison to the actual risk levels of senior mortgages today [4][7].

When evaluating companies on the stock market, the risk factor causes you to discount the value of something based on how risky you think it is. The riskier the company (or its dividend), the more discounted its stock price. This can be amplified if the company is involved in lending to a sector that is seeing an increase in risk or perceived risk. Pick #1: BRSP - Yield 12.7% PM Images Co-authored by Treading Softly Today, I want to examine two companies that offer sky-high double-digit yields because of th ...

BrightSpire Capital, Inc. (NYSE:BRSP) Q1 2024 Results Conference Call May 1, 2024 10:00 AM ET Company Participants David Palame - General Counsel Mike Mazzei - Chief Executive Officer Andy Witt - President and Chief Operating Officer Frank Saracino - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Steve DeLaney - Citizens JMP Matthew Erdner - JonesTrading Operator Greetings, and welcome to the BrightSpire Capital Inc.'s First Quarter 2024 Earnings Call. At this time, all pa ...

| --- | --- | --- | |-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------| | | | | | | SECURITIES AND EXCHANGE COMMISSION | | | | | | | | Pursuant to Section | of the Securities Exchange Act of 1934 | | | Date of Report (Date of earliest event reported): | May 1, 2024 | | | BrightSpire Capital, (Exact name | | | | Ma ...

Antonistock Co-authored by Treading Softly. We all love an underdog, don't we? It seems to be built into the psyche of humanity to want to believe that the underdog can rise up against all odds and beat the giant. We have books, movies, and songs that cover this concept. It's common to feel like we're the underdog fighting against a world that is better equipped, trained, and capitalized. Naturally, our belief is that if someone else can do it, then we can do it, too. What we often forget is that for ev ...

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company’s Board of Directors has declared a dividend of $0.20 per share of Class A common stock for the quarter ending March 31, 2024. The dividend is payable on April 15, 2024 to stockholders of record as of March 29, 2024. About BrightSpire Capital, Inc. BrightSpire Capital, Inc. (NYSE: BRSP) is internally managed and one of the largest publicly traded commercial real estat ...

NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced the Board of Directors set March 22, 2024 as the record date for the Company's 2024 Annual Meeting of Stockholders. The 2024 Annual Meeting of Stockholders will be held virtually on May 16, 2024 at 10:00 am Eastern Time. Information on the virtual meeting will be included in the Company’s 2024 proxy statement. About BrightSpire Capital, Inc. BrightSpire Capital, Inc. (NYSE: BRSP) is i ...

Khanchit Khirisutchalual Co-authored by Treading Softly. Sir Adrian Carton de Wiart is colloquially known as the "unkillable Soldier." His military career spanned both World Wars and the Boer War, which occurred before World War One. During this time, he was shot in his stomach, ankle, leg, hip, ear, head, and face. He was caused to be blind in one eye. He was forced to tunnel out of the prisoner of war camp in World War Two. He also survived multiple plane crashes. After his illustrious military caree ...