BrightSpire Capital, Inc. (BRSP) Financial Analysis and Rating

Comparison Analysis Based on SEC Data

Company Name BrightSpire Capital, Inc.
Industry (SIC) 6798 - Real Estate Investment Trusts
Revenue in 2025 $330,587 thousand (ranked #128 out of 269 companies in the industry)
Assets as of 12/31/2025 $3,565 million (ranked #117)
Market Cap $567,461 thousand (Sep 10, 2026)
Analyzed report 12/31/2024 (filed 2/19/2025)

Year:
20242025

Financial Position and Performance
Annual | Quarterly

Compared with 2024 industry ratios Change during the year

much worse
deteriorated
Compared with all listed companies

much worse

Compare with a competitor

Financial Ratios Benchmarking

Financial Ratio Comparison of company ratios for 2024
with industry ratios
(67 - Holding And Other Investment Offices) 		with all listed companies
Solvency Ratios
Debt ratio 
0.72
0.59
0.72
0.61
Debt-to-equity ratio 
2.56
1.45
2.56
1.35
Interest coverage ratio 
-3.98
1.34
-3.98
2.45
Profitability Ratios
Profit margin 
-36.8%
6.6%
-36.8%
3%
ROE (Return on equity), after tax 
-11.3%
2.8%
-11.3%
5.1%
ROA (Return on assets) 
-3.3%
0.8%
-3.3%
0.9%
Activity Ratios
Asset turnover (days) 
4040
3174
4040
776
Resulting score -1,6 -1,3

Year:
20242025

Additional Ratios (not used in score calculation)

Financial Ratio Comparison of company ratios for 2024
with industry ratios
(67 - Holding And Other Investment Offices) 		with all listed companies
Profitability Ratios
Gross margin 
35.1%
57.9%
35.1%
43.6%
Operating margin (Return on sales) 
-29.9%
16.5%
-29.9%
5.1%
Activity Ratios
EBIT  $(107)M
EBITDA  $(67)M
Price Ratios
Dividend Payout Ratio 
-0.71
0.57
-0.71
0.30
Earnings per Share (basic)  $-1.05
Earnings per Share (diluted)  $-1.05

Auditor's Conclusion

We have performed a comparative analysis of the balance sheet and income statement of BrightSpire Capital, Inc. (hereafter – the "Company") for the year 2024 as filed with the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Real Estate Investment Trusts" (SIC code 6798). In our analysis, we compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the Company's specific industry sector and for all companies. The averages were calculated using data from 2024 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have reached an overall conclusion about the quality of the Company's financial condition. All calculations and conclusions were performed using software and methodologies developed by ReadyRatios.

Based on our analysis of the Company's key financial ratios, we have determined the following. The financial condition of BrightSpire Capital, Inc. in 2024 is much worse than the typical financial condition of companies in the "Real Estate Investment Trusts" industry.

This conclusion is supported by a comparison of the Company's financial ratios with average U.S. ratios. The financial position of BrightSpire Capital, Inc. is much worse than that of most listed companies that