BrightSpire Capital Full Year 2024 Earnings: Misses Expectations

BrightSpire Capital (NYSE:BRSP) Full Year 2024 Results

Key Financial Results

• Revenue: US$358.8m (down 14% from FY 2023).
• Net loss: US$132.0m (loss widened by US$116.4m from FY 2023).
• US$1.04 loss per share (further deteriorated from US$0.12 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BrightSpire Capital Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 34%.

The primary driver behind last 12 months revenue was the Loans and Preferred Equity segment contributing a total revenue of US$244.3m (68% of total revenue). The most substantial expense, totaling US$232.4m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how BRSP's revenue and expenses shape its earnings.

The company's shares are up 6.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for BrightSpire Capital you should be aware of.

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