BrightSpire Capital misses Q1 adjusted EPS expectations

BrightSpire Capital

28/04/2026 21:39

Overview

US commercial real estate credit REIT's Q1 adjusted EPS missed analyst expectations

Company authorized new $50 mln stock repurchase program, replacing prior plan

Watch list loans reduced by about 39% year to date, de-risking portfolio

Outlook

BrightSpire Capital says focus for 2026 remains on portfolio growth and new loan originations

Result Drivers

CAPITAL DEPLOYMENT - Co cited $311 mln of committed capital closed in Q1 and additional $283 mln in execution as contributing to results

PORTFOLIO DE-RISKING - Watch list loans reduced by about 39% year to date, meaningfully de-risking the portfolio, per CEO Michael J. Mazzei

CREDIT STABILITY - Co reported stability in CECL reserves quarter over quarter

Company press release: ID:nBw9lPbzka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Miss
$0.14
$0.16 (8 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Brightspire Capital Inc is $6.50, about 7.1% above its April 27 closing price of $6.07

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)