Brightspire Capital Inc
BrightSpire Capital, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Norway. It operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. The company focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consi… Read more
Brightspire Capital Inc (BRSP) - Net Assets
Latest net assets as of December 2025: $928.40 Million USD
Based on the latest financial reports, Brightspire Capital Inc (BRSP) has net assets worth $928.40 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.56 Billion) and total liabilities ($2.64 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $928.40 Million |
| % of Total Assets | 26.04% |
| Annual Growth Rate | -3.13% |
| 5-Year Change | -37.75% |
| 10-Year Change | N/A |
| Growth Volatility | 40.0 |
Brightspire Capital Inc - Net Assets Trend (2016–2025)
This chart illustrates how Brightspire Capital Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Brightspire Capital Inc (2016–2025)
The table below shows the annual net assets of Brightspire Capital Inc from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $928.40 Million | -11.23% |
| 2024-12-31 | $1.05 Billion | -18.20% |
| 2023-12-31 | $1.28 Billion | -7.96% |
| 2022-12-31 | $1.39 Billion | -6.86% |
| 2021-12-31 | $1.49 Billion | -23.86% |
| 2020-12-31 | $1.96 Billion | -11.02% |
| 2019-12-31 | $2.20 Billion | -22.63% |
| 2018-12-31 | $2.85 Billion | +775.48% |
| 2017-12-31 | $-421.21 Million | -134.09% |
| 2016-12-31 | $1.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Brightspire Capital Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 192623100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.29 Million | 0.14% |
| Other Components | $2.86 Billion | 305.12% |
| Total Equity | $938.43 Million | 100.00% |
Brightspire Capital Inc Competitors by Market Cap
The table below lists competitors of Brightspire Capital Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MUSASHI SEIMITSU IND.
F:67X
|
$644.43 Million |
|
Tobii Dynavox AB (publ)
PINK:TDVXF
|
$644.46 Million |
|
CTCI Corp
TW:9933
|
$644.47 Million |
|
Emcure Pharmaceuticals Ltd
NSE:EMCURE
|
$644.55 Million |
|
Jiangsu Alcha Aluminium Co Ltd
SHE:002160
|
$644.16 Million |
|
Zhejiang Xinhua Chemical Co Ltd
SHG:603867
|
$644.07 Million |
|
Suzhou Gold Mantis Construction Decoration Co Ltd
SHE:002081
|
$644.06 Million |
|
Wuhan Fingu Electronic Technology Co Ltd
SHE:002194
|
$643.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Brightspire Capital Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,048,218,000 to 938,432,000, a change of -109,786,000 (-10.5%).
- Net loss of 31,148,000 reduced equity.
- Dividend payments of 83,000,000 reduced retained earnings.
- Share repurchases of 14,812,000 reduced equity.
- Other comprehensive income increased equity by 6,337,000.
- Other factors increased equity by 12,837,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-31.15 Million | -3.32% |
| Dividends Paid | $83.00 Million | -8.84% |
| Share Repurchases | $14.81 Million | -1.58% |
| Other Comprehensive Income | $6.34 Million | +0.68% |
| Other Changes | $12.84 Million | +1.37% |
| Total Change | $- | -10.47% |
Book Value vs Market Value Analysis
This analysis compares Brightspire Capital Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.59x to 0.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $9.59 | $5.61 | x |
| 2017-12-31 | $0.01 | $5.61 | x |
| 2018-12-31 | $22.43 | $5.61 | x |
| 2019-12-31 | $16.50 | $5.61 | x |
| 2020-12-31 | $12.96 | $5.61 | x |
| 2021-12-31 | $11.33 | $5.61 | x |
| 2022-12-31 | $10.73 | $5.61 | x |
| 2023-12-31 | $10.05 | $5.61 | x |
| 2024-12-31 | $8.23 | $5.61 | x |
| 2025-12-31 | $7.40 | $5.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Brightspire Capital Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.39%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 3.80x
- Recent ROE (-3.32%) is below the historical average (878.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.20% | 53.68% | 0.08x | 1.47x | $-46.54 Million |
| 2017 | 8850.40% | 53.98% | 15.44x | 10.62x | $88.40 Million |
| 2018 | -6.22% | -35.60% | 0.05x | 3.20x | $-439.19 Million |
| 2019 | -19.56% | -75.46% | 0.07x | 3.50x | $-626.41 Million |
| 2020 | -21.21% | -83.26% | 0.07x | 3.73x | $-519.87 Million |
| 2021 | -6.94% | -31.28% | 0.06x | 3.87x | $-246.57 Million |
| 2022 | 3.30% | 12.77% | 0.08x | 3.42x | $-92.99 Million |
| 2023 | -1.22% | -3.97% | 0.09x | 3.29x | $-143.28 Million |
| 2024 | -12.59% | -38.01% | 0.09x | 3.55x | $-236.80 Million |
| 2025 | -3.32% | -9.39% | 0.09x | 3.80x | $-124.99 Million |
Industry Comparison
This section compares Brightspire Capital Inc's net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $1,096,262,362
- Average return on equity (ROE) among peers: 8.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Brightspire Capital Inc (BRSP) | $928.40 Million | 6.20% | 2.84x | $644.20 Million |
| Arbor Realty Trust (ABR) | $361.58 Million | 13.94% | 5.10x | $1.46 Billion |
| Acres Commercial Realty Corp (ACR) | $228.83 Million | 2.77% | 6.85x | $126.82 Million |
| Ares Commercial Real Estate (ACRE) | $456.49 Million | 7.51% | 2.02x | $265.18 Million |
| AFC Gamma Inc (AFCG) | $91.65 Million | 11.30% | 0.03x | $40.49 Million |
| AGNC Investment Corp (AGNCL) | $546.82 Million | 21.69% | 7.46x | $27.70 Billion |
| AGNC Investment Corp. 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock (AGNCZ) | $6.21 Billion | 12.40% | 8.33x | $245.43K |
| Great Ajax Corp (AJX) | $282.72 Million | 9.85% | 2.39x | $347.80K |
| Angel Oak Mortgage Inc (AOMR) | $44.05 Million | -14.07% | 8.78x | $127.29 Million |
| Apollo Commercial Real Estate Finance Inc (ARI) | $2.63 Billion | 8.75% | 1.62x | $1.36 Billion |
| ARMOUR Residential REIT Inc (ARR) | $108.71 Million | 6.01% | 10.12x | $2.04 Billion |