BrightSpire Capital: Loan Loss Risk Remains Elevated But Positive Signs Are Emerging [Seeking Alpha]
BrightSpire Capital, Inc. Class A (BRSP)
Company Research
Source: Seeking Alpha
Play 10min Summary BrightSpire Capital faces challenges due to high office sector exposure and elevated loan loss provisioning, impacting earnings and net asset value. Approximately 20% of BRSP's portfolio is on the watchlist, with ongoing risks necessitating careful observation despite most loans being current in interest payments. BRSP trades at a significant discount to net asset value, with no near-term catalysts for revaluation, warranting a "Hold" rating for cautious investors. Larysa Pashkevich/iStock via Getty Images BrightSpire Capital ( NYSE: BRSP ) has faced a challenging environment due to its notable exposure to the office sector and elevated loan loss provisioning, impacting both earnings and net asset value. With a significant portion of its portfolio currently on the watchlist, BRSP's management This article was written by Young Investor Analytics Follower s Follow I am a young individual investor with a strong focus on long-term wealth creatio
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BRSP
News
- San Jose hotel files second Chapter 11 bankruptcy [Yahoo! Finance]Yahoo! Finance
- BrightSpire Capital, Inc. Announces Third Quarter 2024 Financial ResultsBusiness Wire
- BrightSpire Capital, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call DatesBusiness Wire
- BrightSpire Capital, Inc. (NYSE:BRSP) is a favorite amongst institutional investors who own 54% [Yahoo! Finance]Yahoo! Finance
- BrightSpire Capital, Inc. (NYSE: BRSP) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $7.50 price target on the stock.MarketBeat
BRSP
Earnings
- 10/29/24 - Beat
BRSP
Sec Filings
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 8-K
- 8/23/24 - Form 8-K
- BRSP's page on the SEC website