NYSE$BRSP

BrightSpire Capital Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

BrightSpire Capital reported adjusted distributable earnings and focused on asset and liability management.

BrightSpire Capital announced its financial results for the third quarter ended September 30, 2023. The company reported a GAAP net income of $12.4 million, or $0.09 per share, Distributable Earnings of $31.0 million, or $0.24 per share, and Adjusted Distributable Earnings of $35.8 million, or $0.28 per share.

  • GAAP net income attributable to common stockholders was $12.4 million, or $0.09 per share.
  • Distributable Earnings were $31.0 million, or $0.24 per share.
  • Adjusted Distributable Earnings were $35.8 million, or $0.28 per share.
  • GAAP net book value was $10.11 per share and undepreciated book value was $11.55 per share.

Headline financials

Total Revenue

$103M

Previous: $97.1M+5.7%
EPS (adj)

$0.28

Previous: $0.25+12.0%
Capital Expenditures

-$5.75M

Previous: -$2.21M-159.9%
Free Cash Flow

$6.64M

Previous: -$22.7M+129.3%
Net Income

$12.4M

Previous: -$20.5M+160.5%
Operating Income

$83.9M

Previous: $82M+2.3%
Gross Profit

$103M

Previous: $97.1M+5.7%
Cash & Equivalents

$236M

Previous: $286M-17.5%
Total Assets

$4.35B

Previous: $5.78B-24.7%
Stock-Based Comp

$5.86M

Previous: $2.22M+164.1%

Revenue & EPS history

BrightSpire · Revenue · Quarterly

$103M

Q3 2023+5.7%vs Q3 2022
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

BrightSpire · $3.8B total across 1 segment · Q1 2022

  • Loan Portfolio Interest Income
    $3.8B

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

-0.4%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.9%

Avg return

30 days after

36%

12 / 33 earnings

Positive

+21.9%

Q1 2020

Best reaction

-17.6%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.3%-4.3%-5.1%
Q4 2025+0.3%-3.8%-5.7%
Q3 2025-0.4%-1.5%+6.9%
Q1 2025-0.8%+4.6%+0.2%
Q4 2024+2.2%+1.7%-0.5%
Q3 2024+17.2%+9.8%+20.0%
Q2 2024-8.2%-11.5%-5.9%
Q1 2024-1.9%-2.4%-3.8%
Q4 2023+1.8%+2.3%+3.8%
Q3 2023+4.8%+17.6%+23.5%
Q2 2023-3.8%-2.5%-2.7%
Q1 2023-3.0%-0.9%+16.3%
Q4 2022+0.0%+1.0%-25.3%
Q3 2022-11.2%-9.0%-9.7%
Q2 2022+0.9%+2.9%-2.8%
Q1 2022+1.0%-3.7%+7.8%
Q4 2021-4.2%-0.9%+1.9%
Q3 2021-2.9%-2.2%-3.6%
Q2 2021+3.6%+6.8%+9.9%
Q1 2021+9.0%+5.8%+12.0%
Q4 2020-2.8%-2.0%+2.0%
Q3 2020+7.9%+33.3%+51.8%
Q2 2020-1.8%+0.5%-11.3%
Q1 2020+21.9%-1.2%+61.3%
Q4 2019-0.3%-0.5%-58.9%
Q3 2019-17.6%-15.8%-3.2%
Q2 2019-4.8%-11.9%-16.7%
Q1 2019-1.7%+0.1%-0.1%
Q4 2018-6.5%-8.1%-11.2%
Q3 2018-5.9%-6.5%-18.8%
Q2 2018-3.7%-4.9%-2.3%
Q1 2018-0.2%-0.3%-1.0%
Q4 2017+1.2%+2.2%+1.0%
Q3 2017
Q2 2017
Q1 2017
Q4 2016

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