NYSE$BRSP

BrightSpire Capital Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

BrightSpire Capital's financial performance for Q3 2024 was announced, featuring net income, distributable earnings, and adjusted distributable earnings.

BrightSpire Capital reported a productive third quarter with GAAP net income of $12.7 million, or $0.10 per share. Distributable Earnings were $17.9 million, or $0.14 per share, and Adjusted Distributable Earnings reached $27.0 million, or $0.21 per share.

  • GAAP net income attributable to common stockholders was $12.7 million, or $0.10 per share.
  • Distributable Earnings amounted to $17.9 million, or $0.14 per share.
  • Adjusted Distributable Earnings totaled $27.0 million, or $0.21 per share.
  • GAAP net book value was $8.39 per share, and undepreciated book value was $9.11 per share as of September 30, 2024.

Headline financials

Total Revenue

$88.2M

Previous: $103M-14.2%
EPS

$0.09

Previous: $0.28-67.9%
Capital Expenditures

-$5.25M

Previous: -$5.75M+8.7%
Free Cash Flow

$7.48M

Previous: $6.64M+12.6%
Net Income

$12.7M

Previous: $12.4M+2.7%
Operating Income

$70.9M

Previous: $83.9M-15.6%
Gross Profit

$88.2M

Previous: $103M-14.2%
Cash & Equivalents

$264M

Previous: $236M+11.7%
Total Assets

$3.84B

Previous: $4.35B-11.8%
Stock-Based Comp

$3.42M

Previous: $5.86M-41.6%

Revenue & EPS history

BrightSpire · Revenue · Quarterly

$88.2M

Q3 2024-14.2%vs Q3 2023
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 2024

Historical avgQ3 2024

-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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