BrightSpire Capital Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	127.65	102.44	93.4	90.19	102.63
Other Revenue	8.05	11.59	22.98	6.08	-131.12
Total Revenue	330.59	358.81	415.08	364.62	191.97
Revenue Growth (YoY	-7.86%	-13.56%	13.84%	89.93%	-56.81%
Property Expenses	65.92	33.89	26.64	24.22	39.88
Selling, General & Administrative	23.7	23.52	27.21	22.53	31.9
Depreciation & Amortization	36.34	40.51	33.5	34.1	36.4
Provision for Loan Losses	-24	-135.8	-108.15	-70.64	1.43
Other Operating Expenses	24.85	24.64	27.94	28.58	17.39
Total Operating Expenses	174.8	258.34	223.44	180.06	124.14
Operating Income	155.79	100.46	191.64	184.56	67.84
Interest Expense	-150.98	-180.94	-199.22	-169.95	-133.19
Currency Exchange Gain (Loss)	-22	-	-	1.83	37.67
Other Non-Operating Income	18.64	0.08	0.61	0.89	-28.68
EBT Excluding Unusual Items	1.44	-80.39	-6.97	17.33	-56.36
Gain (Loss) on Sale of Investments	-	-	-	21.9	0.34
Gain (Loss) on Sale of Assets	1.11	0.14	-	10	64.7
Asset Writedown	-61.62	-54.21	-7.59	-	-
Other Unusual Items	-1.2	-	-	-	2.33
Pretax Income	-60.27	-134.46	-14.56	49.23	-98.31
Income Tax Expense	-21.5	1.06	1.06	2.44	6.28
Earnings From Continuing Operations	-38.77	-135.52	-15.62	46.79	-104.58
Minority Interest in Earnings	7.62	3.54	0.07	-1	3.54
Net Income	-31.15	-131.98	-15.55	45.79	-101.05
Preferred Dividends & Other Adjustments	1.86	1.93	-	1.6	-
Net Income to Common	-33.01	-133.91	-15.55	44.18	-101.05
Basic Shares Outstanding	127	127	127	127	128
Diluted Shares Outstanding	127	127	127	129	128
Shares Change (YoY)	-0.44%	0.30%	-1.73%	0.63%	-0.04%
EPS (Basic)	-0.26	-1.05	-0.12	0.35	-0.79
EPS (Diluted)	-0.26	-1.05	-0.12	0.34	-0.79
Dividend Per Share	0.640	0.720	0.800	0.790	0.580
Dividend Growth	-11.11%	-10.00%	1.27%	36.21%	93.33%
Operating Margin	47.12%	28.00%	46.17%	50.62%	35.34%
Profit Margin	-9.98%	-37.32%	-3.75%	12.12%	-52.64%
EBITDA	190.26	138.39	222.27	215.28	101.04
EBITDA Margin	57.55%	38.57%	53.55%	59.04%	52.63%
D&A For Ebitda	34.48	37.93	30.63	30.73	33.2
EBIT	155.79	100.46	191.64	184.56	67.84
EBIT Margin	47.12%	28.00%	46.17%	50.62%	35.34%
Effective Tax Rate	-	-	-	4.96%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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