Bargain Alert: 14% Yield And Big Discount: BrightSpire Capital

BRSP is arguably the most conservatively managed mRETT in the commercial mortgage space, with one of the most experienced management teams in the industry. We won't suggest it should trade at NAV considering the real headwinds in the sector, but we do believe that BRSP should be trading at a smaller discount than pers. At a 40%+ discount to NAV, BRSP is a fantastic opportunity. Conclusion One could correctly argue that BRSP is a fantastically run company in a terrible market situation. This would be like th ...