NYSE$BRSP

BrightSpire Capital Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a net loss and a distributable loss, but adjusted distributable earnings were positive, balance sheet stabilized and organization pivoted to offense.

Colony Credit Real Estate, Inc. reported a GAAP net loss attributable to common stockholders of $(52.5) million, or $(0.41) per share for Q4 2020. However, the company's adjusted distributable earnings were $26.1 million, or $0.20 per share. The company has $588 million cash-on-hand.

  • GAAP net loss attributable to common stockholders was $(52.5) million, or $(0.41) per share.
  • Distributable Loss of $(25.7) million, or $(0.20) per share.
  • Adjusted Distributable Earnings of $26.1 million, or $0.20 per share.
  • Company will be reinstituting a quarterly dividend of $0.10 per share for the first quarter of 2021.

Headline financials

Total Revenue

$62.2M

Previous: $89.1M-30.2%
EPS (adj)

$0.20

Previous: $0.33-39.4%
Net Income

-$61.3M

Previous: $35.2M-274.2%
Gross Profit

$50.6M

Previous: $61.5M-17.8%
Cash & Equivalents

$475M

Previous: $69.6M+582.0%
Total Assets

$6.21B

Previous: $7.41B-16.2%
Stock-Based Comp

$1.1M

Previous: $3.34M-67.0%

Revenue & EPS history

BrightSpire · Revenue · Quarterly

$62.2M

Q4 2020-30.2%vs Q4 2019
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

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

  • Loan Portfolio Interest Income
    $3.8B

Forward guidance

Company is focused on growing earnings and the dividend over time and expects benefits from loan origination activity.

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 Q4 2020

Historical avgQ4 2020

-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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