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← CockpitCompetitor Analysis › BRSP BrightSpire Capital IncOpen in the cockpit ↗

BrightSpire Capital IncBRSPCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum laggard 12
Mkt cap
$416M
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$7.39M
20-day average traded
P/B
0.47×
price to book
ROE
2.0%
delivered
Implied ROE
7.2%
what the price asks
Next earnings
109 days
23 Feb 2027
Close · USD$3.34
1D-3.5%
1W-2.3%
1M-14.4%
3M-31.8%
6M-44.0%
YTD-40.4%
1Y-37.7%
ATR %4.7%
Beta0.72
52w lowhigh45.8% off high

What BrightSpire Capital does

Employees: 47

BrightSpire Capital at a glance

Size BrightSpire Capital (BRSP) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $416M, the 2828th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.34 on 6 Nov 2026.

Performance Over six months the shares fell 44.0%, against -15.6% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 20 in its peer set.

Growth Revenue grew 2.1% over the last twelve months (peer median +2.2%); the operating margin is 33.9% (peer median 47.2%).

Valuation It trades at 0.47× book value against a peer median of 0.87× (3rd cheapest of 20).

Price implies The share price implies a return on equity of about 7.2%; BrightSpire Capital delivers 2.1%, so the price asks more than the business earns today.

Short interest Short interest is 4.2% of the free float (15 Oct 2026).

Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 89BRSP 57
Six months, rebased to 100: BrightSpire Capital against the median of its 20 peers (local-currency closes).

BrightSpire Capital financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$339M$332M$360M$407M$365M
Revenue growth—-8%-12%+12%—
Gross profit$209M$202M$256M$317M$273M
EBITDA$190M$192M$252M$301M$264M
Net income$19.1M-$31.1M-$134M-$15.5M$44.2M
Free cash flow$72.2M$73.0M$103M$138M$127M
Capital expenditure$11.1M$17.9M$6.09M$7.06M$3.96M
Total debt$2.65B$2.49B$2.52B$2.74B$3.19B

Quarterly statements and history in the cockpit →

BrightSpire Capital competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-10%0%+10%XRNNXRTNXR-UNPLZ-UN3459CHCTM1GU04050948002979BSRT-UN34763290ILPTPRV-UNNSIRWTLIVE2972BRSP6-month return →1-month return →
Up and to the right = strong over both horizons. BrightSpire Capital is the large dot.

Fundamentals: return on equity against price-to-book

-10%0%10%0.50×10×1.50×XRNNXRTNXR-UNSEITINVITPLZ-UN3459CHCTM1GU04052979BSRT-UN3290ILPTNSIRWT2972BRSPReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. BrightSpire Capital is the large dot.

Capital: ROE delivered against the ROE the price implies

-10%0%10%20%0%20%XRNNXRTNXR-UNSEITINVITPLZ-UN345904052979BSRT-UNILPTPRV-UNNSIRWTBRSPROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. BrightSpire Capital is the large dot.

BrightSpire Capital competitors and peer comparison

How BrightSpire Capital compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

BrightSpire Capital against its 20 peers (data as of 6 Nov 2026)
MeasureBRSPPeer medianRank in peer set
1-month return-14.4%-2.5%5th lowest of 21
6-month return-44.0%-15.6%2nd lowest of 20
Return on equity2.0%4.7%7th lowest of 20
Price / book0.47×0.87×3rd cheapest of 20
Trailing P/E24.0×14.2×2nd most expensive of 14
ROE the price implies7.2%6.8%10th most demanding of 20
ROE delivered2.1%4.5%7th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
BrightSpire Capital BRSPUnited States$416M-44%+2%2%0.47×7.2%2.1%
Chiron Real Estate XRNUnited States$416M-16%+4%10%0.87×9.5%10.0%
NexPoint Residential Trust NXRTUnited States$417M-46%+1%-14%1.85×17.3%-13.6%
Nexus Industrial REIT NXR-UN.TOCanada$418M-1%+2%5%0.71×9.0%4.9%
Sustainable Energy Infra Trust SEITINVIT.NSIndia$415Mn/a+6%4%1.44×26.6%3.7%
Plaza Retail REIT PLZ-UN.TOCanada$419M+19%+3%11%1.01×7.7%11.1%
Samty Residential Investment 3459.TJapan$411M-27%+13%6%0.77×4.0%6.1%
Community Healthcare Trust CHCTUnited States$423M-16%+6%5%1.02×8.2%4.7%
Alpha Integrated Real Estate Investment Trust M1GU.SISingapore$423M-1%+6%11%0.91×3.9%n/a
Yuexiu Real Estate Investment Trust 0405.HKHong Kong$424M-19%-11%-3%0.20×4.3%-3.3%
Mirae Asset Maps Realty Real Estate Public Investment 094800.KSSouth Korea$424M-17%n/an/an/an/an/a
SOSiLA Logistics REIT,Inc 2979.TJapan$407M-28%0%5%0.82×4.3%4.7%
BSR Real Estate Investment Trust BSRT-UN.TOCanada$405M-10%-17%3%0.68×6.8%3.2%
MIRAI 3476.TJapan$431M-23%-22%6%0.77×3.8%5.8%
One REIT 3290.TJapan$435M-10%0%6%0.91×4.4%6.4%
Industrial Logistics Properties Trust ILPTUnited States$397M-27%+4%-12%0.94×16.7%-12.2%
PRO Real Estate Investment Trust PRV-UN.TOCanada$397M+6%+8%7%0.96×9.1%7.2%
Nsi NSI.ASNetherlands$394M+1%-4%-2%0.54×4.5%-2.5%
Redwood Trust RWTUnited States$392M-44%-9%-4%0.44×7.2%-4.0%
Living REIT LIVE.LUnited Kingdom$443M0%+5%4%0.75×6.8%4.2%
SANKEI REAL ESTATE 2972.TJapan$383M+4%-15%-5%1.28×5.0%-4.7%

Questions

Which companies are BrightSpire Capital's closest peers?
The cockpit's peer set: Chiron Real Estate (XRN), NexPoint Residential Trust (NXRT), Nexus Industrial REIT (NXR-UN.TO), Sustainable Energy Infra Trust (SEITINVIT.NS), Plaza Retail REIT (PLZ-UN.TO), Samty Residential Investment (3459.T), Community Healthcare Trust (CHCT), Alpha Integrated Real Estate Investment Trust (M1GU.SI).
Is BrightSpire Capital expensive compared with its peers?
On price / book it trades at 0.47× against a peer median of 0.87×, 3rd cheapest of 20 in its peer set. The share price implies a return on equity of about 7.2%; BrightSpire Capital delivers 2.1%, so the price asks more than the business earns today.
How has BrightSpire Capital stock performed?
Over six months to 6 Nov 2026 the shares returned -44.0% against -15.6% for the median peer; over one year -37.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.