← BrightSpire Capital, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net interest income | |||||||||||
| Property operating income | $23.8m | $178.3m | $254.0m | $175.0m | $102.6m | $90.2m | $93.4m | $102.4m | $127.6m | $9.3m | |
| Interest expense | ($21.0m) | ($47.1m) | ($87.7m) | ($63.0m) | ($55.5m) | ($111.8m) | ($173.3m) | $153.9m | ($127.3m) | $20.6m | |
| Interest expense on real estate | $5.1m | $43.4m | $55.4m | $48.9m | $32.3m | $28.7m | $25.9m | $27.0m | $23.7m | $20.6m | |
| Interest income | $140.2m | $151.7m | $175.2m | $156.9m | $168.8m | $236.2m | $298.7m | $244.8m | $194.9m | — | |
| Other gain (loss), net | ($390k) | ($2.8m) | ($972k) | ($118.7m) | $74.1m | $34.6m | $613k | $228k | ($2.3m) | — | |
| Other income | $791k | $3.7m | $2.3m | $1.8m | $2.3m | $6.1m | $13.9m | $11.6m | $8.1m | — | |
| Total property and other income | $24.5m | $182.0m | $256.3m | $176.9m | $105.0m | $96.2m | $107.3m | $114.0m | $135.7m | — | |
| Loss before equity in earnings of unconsolidated ventures and income taxes | $105.4m | ($164.1m) | ($496.4m) | ($251.3m) | $32.8m | $49.2m | ($23.6m) | ($134.5m) | ($60.3m) | — | |
| Income tax benefit (expense) | ($2.2m) | ($37.1m) | ($3.2m) | $10.9m | ($6.3m) | ($2.4m) | ($1.1m) | ($1.1m) | $21.5m | — | |
| Net income (loss) | $127.9m |
($177.4m)
-238.69%
|
($462.6m)
-160.86%
|
($375.6m)
+18.82%
|
($104.6m)
+72.16%
|
$46.8m
+144.74%
|
($15.6m)
-133.38%
|
($135.5m)
-767.64%
|
($38.8m)
+71.39%
|
($27.1m)
+30.22%
|
|
| Net loss attributable to BrightSpire Capital, Inc. common stockholders | $88.5m | ($168.5m) | ($414.5m) | ($353.3m) | ($101.0m) | $45.8m | ($15.5m) | ($132.0m) | ($31.1m) | — | |
| Net loss per common share - basic (in dollars per share) | — | — | ($3) | ($3) | ($1) | $0 | ($0) | ($1) | ($0) | — | |
| Net loss per common share - diluted (in dollars per share) | $2 | ($1) | ($3) | ($3) | ($1) | $0 | ($0) | ($1) | ($0) | — | |
| Net loss attributable to noncontrolling interests in investment entities | ($39.4m) | $4.8m | $38.2m | $13.9m | $1.7m | $12k | $70k | $3.5m | $7.6m | — | |
| Weighted average shares of common stock outstanding - basic (in shares) | — | — | 128.4m | 128.5m | 128.5m | 127.3m | 127.1m | 127.4m | 126.9m | 126.5m | |
| Weighted average shares of common stock outstanding - diluted (in shares) | — | — | 128.4m | 128.5m | 128.5m | 129.3m | 127.1m | 127.4m | 126.9m | 126.5m | |
| Property operating expense | $8.0m | $73.6m | $112.8m | $65.0m | $30.3m | $24.2m | $26.6m | $33.9m | $65.9m | — | |
| Transaction, investment and servicing expense | $2.6m | $36.8m | $7.2m | $10.0m | $4.6m | $3.4m | $2.5m | $1.6m | $2.7m | — | |
| Depreciation and amortization | $9.1m | $91.0m | $103.2m | $59.8m | $36.4m | $34.1m | $33.5m | $40.5m | $36.3m | $32.0m | |
| Increase of current expected credit loss reserve | — | — | — | — | ($1.4m) | $70.6m | $108.1m | $135.8m | $24.0m | — | |
| Impairment of operating real estate | $0 | $31.8m | $282.7m | $42.8m | $0 | $0 | $7.6m | $54.2m | $61.6m | — | |
| Compensation and benefits (including $12,836, $11,649 and $14,056 of equity-based compensation expense, respectively) | — | — | — | $5.5m | $32.1m | $33.0m | $39.5m | $34.6m | $35.0m | — | |
| Operating expense | — | — | — | $21.0m | $17.9m | $14.6m | $13.2m | $11.9m | $12.1m | $109.4m | |
| Equity in earnings of unconsolidated ventures | $24.7m | $23.8m | $36.9m | ($135.2m) | ($131.1m) | $25k | $9.1m | $0 | $0 | — | |
| Total expenses | $38.0m | $460.4m | $856.3m | $361.3m | $271.0m | $208.8m | $256.9m | $339.6m | $261.3m | $318.6m |