BRSPBrightSpire Capital, Inc.
Real Estate Investment Trusts
- Revenue
- $331M
- 7.9% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $2.6B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowFired129% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $194M | $365M | $415M | $359M | $331M | 7.9% |
| Net income | −$101M | $46M | −$16M | −$132M | −$31M | 76% |
| Operating cash flow | −$21M | $125M | $138M | $103M | $73M | 29% |
| Stock-based comp | $14M | $8M | $14M | $12M | $13M | 10% |
| Buybacks | $0 | $18M | $0 | $7M | $11M | 66% |
| Dividends | $52M | $99M | $104M | $99M | $83M | 16% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.