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BrightSpire Capital (BrightSpire Capital) ROE % : -18.52% (As of Mar. 2024)


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What is BrightSpire Capital ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BrightSpire Capital's annualized net income for the quarter that ended in Mar. 2024 was $-228.4 Mil. BrightSpire Capital's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was $1,233.1 Mil. Therefore, BrightSpire Capital's annualized ROE % for the quarter that ended in Mar. 2024 was -18.52%.

The historical rank and industry rank for BrightSpire Capital's ROE % or its related term are showing as below:

BRSP' s ROE % Range Over the Past 10 Years
Min: -18.67   Med: -6.48   Max: 8.2
Current: -5.31

During the past 8 years, BrightSpire Capital's highest ROE % was 8.20%. The lowest was -18.67%. And the median was -6.48%.

BRSP's ROE % is ranked worse than
81.64% of 795 companies
in the REITs industry
Industry Median: 4.28 vs BRSP: -5.31

BrightSpire Capital ROE % Historical Data

The historical data trend for BrightSpire Capital's ROE % 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 ROE % Chart

BrightSpire Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial -17.18 -18.67 -6.48 3.22 -1.17

BrightSpire Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROE % 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 -1.20 -2.24 3.76 -5.04 -18.52

Competitive Comparison of BrightSpire Capital's ROE %

For the REIT - Mortgage subindustry, BrightSpire Capital's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BrightSpire Capital's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BrightSpire Capital's ROE % distribution charts can be found below:

* The bar in red indicates where BrightSpire Capital's ROE % falls into.



BrightSpire Capital ROE % Calculation

BrightSpire Capital's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-15.549/( (1387.768+1277.335)/ 2 )
=-15.549/1332.5515
=-1.17 %

BrightSpire Capital's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=-228.412/( (1277.335+1188.797)/ 2 )
=-228.412/1233.066
=-18.52 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.


BrightSpire Capital  (NYSE:BRSP) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-228.412/1233.066
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-228.412 / 370.672)*(370.672 / 4072.4)*(4072.4 / 1233.066)
=Net Margin %*Asset Turnover*Equity Multiplier
=-61.62 %*0.091*3.3027
=ROA %*Equity Multiplier
=-5.61 %*3.3027
=-18.52 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-228.412/1233.066
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-228.412 / -227.42) * (-227.42 / -211.524) * (-211.524 / 370.672) * (370.672 / 4072.4) * (4072.4 / 1233.066)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0044 * 1.0751 * -57.07 % * 0.091 * 3.3027
=-18.52 %

Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


BrightSpire Capital ROE % Related Terms

Thank you for viewing the detailed overview of BrightSpire Capital's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


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