BrightSpire Capital Management

Management criteria checks 3/4

BrightSpire Capital's CEO is Mike Mazzei, appointed in Apr 2020, has a tenure of 4.17 years. total yearly compensation is $5.83M, comprised of 13.7% salary and 86.3% bonuses, including company stock and options. directly owns 0.9% of the company’s shares, worth €6.53M. The average tenure of the management team and the board of directors is 3.4 years and 5.3 years respectively.

Key information

Mike Mazzei

Chief executive officer

US$5.8m

Total compensation

CEO salary percentage	13.7%
CEO tenure	4.2yrs
CEO ownership	0.9%
Management average tenure	3.4yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Mazzei's remuneration changed compared to BrightSpire Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$69m
Dec 31 2023	US$6m	US$800k	-US$16m
Sep 30 2023	n/a	n/a	US$5m
Jun 30 2023	n/a	n/a	-US$29m
Mar 31 2023	n/a	n/a	US$12m
Dec 31 2022	US$6m	US$800k	US$44m
Sep 30 2022	n/a	n/a	US$121m
Jun 30 2022	n/a	n/a	US$72m
Mar 31 2022	n/a	n/a	US$19m
Dec 31 2021	US$6m	US$533k	-US$101m
Sep 30 2021	n/a	n/a	-US$235m
Jun 30 2021	n/a	n/a	-US$160m
Mar 31 2021	n/a	n/a	-US$367m
Dec 31 2020	US$466k	n/a	-US$354m

Compensation vs Market: Mike's total compensation ($USD5.83M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Mazzei (63 yo)

4.2yrs

Tenure

US$5,832,378

Compensation

Mr. Michael Joseph Mazzei, also known as Mike, has been Director at BrightSpire Capital, Inc. (Formerly Known as Colony Credit Real Estate, Inc.) since May 4, 2020 and serves as its Chief Executive Officer...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Mazzei	CEO & Director	4.2yrs	US$5.83m	0.90% $ 6.5m
Andrew Witt	President & COO	4.2yrs	US$2.90m	0.37% $ 2.7m
Frank Saracino	Executive VP	3.4yrs	US$2.06m	0.24% $ 1.8m
David Palame	Executive VP	6.4yrs	US$2.03m	0.27% $ 1.9m
Daniel Katz	MD & Head of Originations for Investment Management	no data	no data	no data
Brad Nichol	MD & Head of Asset Management	3.4yrs	no data	no data
Matthew Heslin	MD, Chief Credit Officer & Head of Debt Capital Markets	less than a year	no data	no data
Tyler Ferrer	Managing Director of Operations & Loan Management	2.4yrs	no data	no data
Gary Newman	Managing Director of Investment Management	2.4yrs	no data	no data
Sonia Kim	Vice President	no data	no data	0.0039% $ 28.4k

3.4yrs

Average Tenure

50yo

Average Age

Experienced Management: 41W0's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Mazzei	CEO & Director	4.1yrs	US$5.83m	0.90% $ 6.5m
Catherine Long	Independent Director	2.5yrs	US$205.60k	0.039% $ 285.7k
Catherine Rice	Independent Chairperson	6.4yrs	US$205.60k	0.076% $ 552.6k
Vernon Schwartz	Independent Director	6.4yrs	US$200.60k	0.076% $ 548.3k
Kim Diamond	Independent Director	2.7yrs	US$185.60k	0.040% $ 292.1k
John Westerfield	Independent Director	6.4yrs	US$200.60k	0.071% $ 513.9k

5.3yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 41W0's board of directors are considered experienced (5.3 years average tenure).

BrightSpire Capital Management

Management criteria checks 3/4

Key information

Recent management updates

Executive VP recently sold €312k worth of stock

BrightSpire Capital, Inc., Annual General Meeting, May 16, 2024

President & COO recently bought €68k worth of stock

CEO & Director recently bought €379k worth of stock

BrightSpire Capital, Inc. Appoints Andrew E. Witt as President

CEO, President & Director recently bought €804k worth of stock

Recent updates

First quarter 2024 earnings released: US$0.44 loss per share (vs US$0.033 loss in 1Q 2023)

BrightSpire Capital, Inc. (NYSE:BRSP) announces an Equity Buyback for $50 million worth of its shares.

BrightSpire Capital, Inc. to Report Q1, 2024 Results on May 01, 2024

Executive VP recently sold €312k worth of stock

Upcoming dividend of US$0.20 per share

Fourth quarter dividend of US$0.20 announced

BrightSpire Capital, Inc. Declares Dividend for the Quarter Ending March 31, 2024, Payable on April 15, 2024

BrightSpire Capital, Inc., Annual General Meeting, May 16, 2024

Full year 2023 earnings released: US$0.12 loss per share (vs US$0.35 profit in FY 2022)

BrightSpire Capital, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Upcoming dividend of US$0.20 per share at 11% yield

BrightSpire Capital, Inc. Declares Dividend on Class A Common Stock for the Quarter Ending December 31, 2023, Payable on January 12, 2024

Third quarter 2023 earnings released: EPS: US$0.097 (vs US$0.16 loss in 3Q 2022)

BrightSpire Capital, Inc. to Report Q3, 2023 Results on Oct 30, 2023

Upcoming dividend of US$0.20 per share at 12% yield

BrightSpire Capital, Inc. Declares Dividend for the Quarter Ending September 30, 2023, Payable on October 13, 2023

Second quarter 2023 earnings released: US$0.059 loss per share (vs US$0.26 profit in 2Q 2022)

BrightSpire Capital, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.20 per share at 12% yield

BrightSpire Capital, Inc. Declares Dividend for the Quarter Ending June 30, 2023, Payable on July 14, 2023

First quarter 2023 earnings released: US$0.033 loss per share (vs US$0.21 profit in 1Q 2022)

Upcoming dividend of US$0.20 per share at 14% yield

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings released: EPS: US$0.18 (vs US$0.79 loss in FY 2021)

BrightSpire Capital, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Upcoming dividend of US$0.20 per share

BrightSpire Capital, Inc. Declares Dividend for the Quarter Ending December 31, 2022, Payable on January 17, 2023

Third quarter 2022 earnings released: US$0.16 loss per share (vs US$0.54 loss in 3Q 2021)

BrightSpire Capital, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.20 per share

BrightSpire Capital, Inc. Declares Dividend on A Common Stock for the Quarter Ending September 30, 2022, Payable on October 14, 2022

Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.15 loss in 2Q 2021)

BrightSpire Capital, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Upcoming dividend of US$0.20 per share

Investor sentiment deteriorated over the past week

President & COO recently bought €68k worth of stock

Brightspire Capital Announces Dividend for Second Quarter 2022, Payable on July 15, 2022

CEO & Director recently bought €379k worth of stock

First quarter 2022 earnings released: EPS: US$0.21 (vs US$0.71 loss in 1Q 2021)

Pyramid Advisors Limited Partnership acquired Pittsburgh Airport Marriott from BrightSpire Capital, Inc. (NYSE:BRSP) for $30.1 million.

BrightSpire Capital, Inc. to Report Q1, 2022 Results on May 03, 2022

Upcoming dividend of US$0.19 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

BrightSpire Capital, Inc. Appoints Andrew E. Witt as President

Upcoming dividend of US$0.18 per share

Third quarter 2021 earnings released: US$0.54 loss per share (vs US$0.039 profit in 3Q 2020)

Forecast to breakeven in 2022

Upcoming dividend of US$0.16 per share

CEO, President & Director recently bought €804k worth of stock

Second quarter 2021 earnings released: US$0.15 loss per share (vs US$1.77 loss in 2Q 2020)

Fortress Investment Group LLC signed an agreement to acquire Portfolio of Development and Non-Accrual Investments of BrightSpire Capital, Inc. (NYSE:BRSP) for approximately $220 million.

Upcoming dividend of US$0.14 per share

Forecast breakeven pushed back to 2022

Chairman of the Board Mark Hedstrom has left the company

Colony Credit Real Estate, Inc. Declares Quarterly Cash Dividend for the Second Quarter of 2021, Payable on July 15, 2021

Colony Credit Real Estate, Inc., Annual General Meeting, May 05, 2021

Full year 2020 earnings released: US$2.75 loss per share (vs US$3.25 loss in FY 2019)

New 90-day high: €7.14

Colony Credit Real Estate, Inc. to Report Q4, 2020 Results on Feb 24, 2021

New 90-day high: €6.96

Colony Credit Real Estate, Inc. Announces Executive Changes

Colony Credit Real Estate Announces Management Changes

New 90-day high: €5.67

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.039

Bronstein, Gewirtz & Grossman, LLC Reminds Colony Credit Real Estate, Inc. Shareholders of Class Action and Lead Plaintiff Deadline of November 9, 2020

New 90-day low: €3.89

Colony Credit Real Estate, Inc. to Report Q3, 2020 Results on Nov 05, 2020