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BrightSpire Capital (BrightSpire Capital) Net Income : $-68.5 Mil (TTM As of Mar. 2024)


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What is BrightSpire Capital Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. BrightSpire Capital's Net Income for the three months ended in Mar. 2024 was $-57.1 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-68.5 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. BrightSpire Capital's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $-0.45.


BrightSpire Capital Net Income Historical Data

The historical data trend for BrightSpire Capital's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BrightSpire Capital Net Income Chart

BrightSpire Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial -414.51 -353.30 -101.05 45.79 -15.55

BrightSpire Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.13 -7.49 12.39 -16.32 -57.10

BrightSpire Capital Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

BrightSpire Capital's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-23.612+-1.062+0+9.125
=-15.5

BrightSpire Capital's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-56.855+-0.252+0+0.0039999999999978
=-57.1

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-68.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


BrightSpire Capital  (NYSE:BRSP) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

BrightSpire Capital's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


BrightSpire Capital Net Income Related Terms

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BrightSpire Capital (BrightSpire Capital) Business Description

Traded in Other Exchanges
Address
590 Madison Avenue, 33rd Floor, New York, NY, USA, 10022
BrightSpire Capital Inc is an internally-managed commercial real estate credit REIT focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the United States. CRE debt investments consist of first mortgage loans. The operating segment of the company are Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, CRE Debt Securities and Corporate. Geographically, the company generates revenue from the United States.
Executives
Catherine Rice director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
David A Palame officer: General Counsel and Secretary 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Andrew Elmore Witt officer: Interim CEO and President 515 SOUTH FLOWER STREET 44TH FLOOR, LOS ANGELES CA 90071
Frank V Saracino officer: Chief Accounting Officer 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Michael Mazzei officer: CEO and President 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154
Catherine F. Long director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Kim S Diamond director C/O BRIGHTSPIRE CAPITAL, INC., 590 MADISON AVENUE, 33RD FLOOR, NEW YORK NY 10022
Clnc Manager, Llc 10 percent owner 515 SOUTH FLOWER STREET, 44TH FLOOR, LOS ANGELES CA 90071
Nrf Holdco, Llc 10 percent owner 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Nrf Red Reit Corp. 10 percent owner C/O?NORTHSTAR?REALTY?FINANCE?CORP., PARK?AVENUE,?18TH?FLOOR, NEW YORK NY 10022
Digitalbridge Operating Company, Llc 10 percent owner 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Digitalbridge Group, Inc. 10 percent owner 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Mark M. Hedstrom director C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Kevin P. Traenkle director, officer: Chief Executive Officer C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Neale Redington officer: Chief Accounting Officer C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071